Today, 9th September 2021, we are celebrating World Electric Vehicle (EV) Day.
Transport emits more greenhouse gases than any other UK sector. In 2018 around 46% of greenhouse gas emissions by households related to travel, mostly from domestic car use. This equated to 67 million tonnes of carbon dioxide equivalent, almost 12% of the UK’s total GHG emissions in 2018. World EV Day has been set up to encourage businesses and individuals to #DriveChange to support the transition to electric vehicles.
We’d like to use this opportunity to bust some of the myths surrounding owning and driving electric vehicles.
Myth 1: The cost of buying a battery electric vehicle is much higher than the fossil fuelled equivalent.
When considering a BEV it is imperative to consider the TOTAL COST OF OWNERSHIP. The following comparison is based on 3 years of ownership and annual mileage of 12,000 miles.
Assuming everything other than the annual mileage remains constant, the savings over 3 years vary as shown below:
Where the savings are:
- £2,020 = 12,000 miles per annum
- £1,394 = 10,000 miles per annum
- £768 = 8,000 miles per annum
- £142 = 6,000 miles per annum
- -£483 = 4,000 miles per annum
The average mileage per vehicle in the UK is about 8,000 miles per annum making the average saving of switching to an electric vehicle about £768 per annum.Further savings can be realised if charging from renewable energy sources, the comparison is shown below: