Plugging into Better — Busting the myth that EV’s are unaffordable.
EV-Toolkit helps UK drivers calculate the actual running cost of their combustion vehicle and then reveals electric cars that fit their budget.
We calculated that more than 25 new electric cars are cheaper to lease and run than the UK’s most popular car sold in August 2021 — the Ford Puma*.
The calculation is based on a typical PCH lease for electric cars and the Puma, with a 48-month term, 6-months deposit and 8,000 miles per annum cap.
We also took the running costs of electric cars and the Ford Puma into account. The miles per gallon, its VED (car tax), servicing & repair and tyre expense (typically seen in a maintenance agreement, but a cost non-the-less even without a paid plan), and the 8,000 miles per annum driven.
It turns out that the Ford Puma’s running costs are 70%** more expensive to run than an electric car.
So, we take those costs across into the EV financing, and suddenly, the monthly cost of owning an EV drops, opening up a wide choice of new electric cars to buy instead.
EV unaffordability is a misconception. This is why we designed EV-Toolkit to help new electric buyers gain confidence that financing a new EV is more affordable than the most popular new combustion car on the market.
Calculate the financing and running costs of your current, or next combustion car, and see which EVs you could be driving. www.ev-tooklit.co.uk
