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Electric Together calculated that electric cars are cheaper to run than the majority of fuel cars. The calculation also revealed something else very surprising too.

People are typically under the misconception that EVs are expensive to buy. Over 90% of drivers finance their cars usually through a PCH lease, with a 48-month term, 6-months deposit and 10,000 miles annual cap.

By itself, financing a car is the single largest expense of owning a vehicle. The running costs are generally left to come out of disposable income. Which means a lot of drivers don’t know the full cost of owning their combustion car on a monthly basis.

We designed EV-Toolkit to help new electric car buyers discover that budgeting for a new EV is as affordable as the most popular new combustion cars on the market today.

To help illustrate this, we took several different combustion cars and ran them through or tool and matched them to electric cars of a similar size.

Our first car was a popular hatchback, the Seat Leon FR. Running costs and financing of it revealed that the Volkswagen ID.4 was the perfect financial match and saved the buyer £930 over the 48-month finance term.

How is this possible? EVs are more expensive to buy, right!

Not if you look at the full picture. You need to use this tool to discover the hidden costs and bring them to the surface for a true comparison and a monthly expenditure.

Electric car running and servicing & maintenance costs are so low, that you can put these saving towards affording an EV.

Visit EV Toolkit before financing a new or second hand combustion car.