EV Savings Calculator
Find Out How Much You Could Save By Switching To An EV
Our electric car vs petrol car cost calculator helps you understand the potential savings when switching to an electric vehicle. Compare running costs, fuel expenses, and long-term savings with our calculator.
How to Use the EV Cost Calculator
Using our EV running cost calculator is straightforward. To get accurate results for your petrol vs electric car comparison, you'll need:
Electricity Rates:
Check your latest electricity bill or provider's website
Look for your "unit rate" in pence per kWh
If you have an EV tariff, use those specific rates
Consider both day and night rates if you have a dual-rate meter
Petrol Costs:
Use current local fuel prices
Consider whether you use petrol or diesel
Account for seasonal price fluctuations
Check nearby fuel stations for current prices
Annual Mileage:
Review your MOT history for yearly mileage if you’re unsure
Check service records or car logbook
Consider both commuting and leisure travel
Factor in any planned changes to your driving habits
Check out our more in-depth analysis of the costs involved in owning an EV.
Save more with salary sacrifice
At The Electric Car Scheme, we aim to make the transition to an electric vehicle (EV) both cheaper and easier than any other option. Our salary sacrifice scheme allows employees to save 30-60% on any electric car by reducing their salary in exchange for the car as a benefit. This makes EVs affordable for everyone, as you pay for the lease using your pre-tax salary.
Simply sign up with your company, pick the car you want, add any extras, and drive away saving thousands of pounds.
When your company joins The Electric Car Scheme and leases your car through salary sacrifice, you'll save even more on top of switching from a petrol or diesel car. These savings are in addition to the reduced running costs of driving an EV. This means that you will save 30-60% on top of the savings figure shown in the calculated result.
Learn more about Salary Sacrifice.
Understanding Your EV Savings Results
Our electric car savings calculator provides detailed estimated insights into potential cost reductions:
Cost Per Mile Breakdown:
Compare pence per mile for both EV and petrol options
Understand how electricity costs compare to fuel costs
See the impact of different driving patterns
Calculate real-world savings based on your usage
Annual Running Costs:
View total yearly fuel vs electricity expenses
Compare EV cost calculator results with current spending
Understand monthly cost differences
See how seasonal variations might affect costs
Five-Year Projection:
Long-term savings forecast
Cumulative cost comparison
Return on investment timeline
Total fuel cost savings over time
Additional Costs to Consider
When using our calculator, keep in mind these additional factors:
Home Charging:
Installation costs (£500-£1,500)
Potential electrical upgrades
Smart charger options
Government grants for installation
Public Charging Network:
Rapid charging costs
Network subscription fees
Pay-as-you-go rates
Workplace charging options
Financial Benefits:
Lower maintenance costs
Reduced company car tax
Local authority incentives
Clean Air Zone exemptions
Remember, the total ownership costs include various other factors. Use this EV savings calculator as part of your broader research when considering the switch to an electric vehicle. Learn how you can save even more with an EV salary sacrifice scheme.
