Skip to main content

EV cost of ownership is about the same as gas-powered vehicles: Study

The affordability of electric cars may be about to change in the UK — Could the same happen here?

While things got really bad for U.S. drivers when Russia invaded Ukraine, owning and driving a car has always been more expensive for people that live in Britain. Not only are their gas prices higher than ours, but they also have to pay taxes for using public roads based on their vehicle’s official CO2 emissions. Because of the rising costs of energy because of the ongoing war, the high cost of fuel, and the introduction of a new Vehicle Excise Duty (VED), electric vehicles are getting close to costing the same amount to run as a gas-powered vehicle across the pond.

The UK’s Inews claims that Britain is about to introduce a VED for electric vehicles to use public roads. EV owners will now be expected to pay up to £165 a year to drive their vehicles on public roads. Electric cars were exempt from VED, which was one way the government tried to incentive people to make the switch to an EV. But starting in April 2025, that won’t be the case. The outlet claims that forcing EV owners to pay a VED of £165 a year will help the government raise £1.6 billion. Drivers that purchase a new electric car after April 2025 will pay a VED rate of £10 per year for the first after, and then it becomes £165 a year.

Front end angle of 2021 Porsche Tacan Turbo S on a race track in front of an office building.

With the new VED, electric vehicles are getting close to costing the same amount of money as gas- and diesel-powered vehicles to run. Data from the RAC’s Charge Watch states that an average-sized family vehicle with a 64-kWh battery pack costs 13 pence per mile to drive in May 2022. That’s for an EV that routinely gets charged at a public charging station. The price per mile rose to 18 pence in September 2022. In September, a gas-powered car cost 19 pence per mile to drive, while a diesel vehicle cost 21 pence per mile.

The outlet, citing research from AA, claims that high electricity prices are a large factor for consumers looking to switch to an electric vehicle, as it has delayed more than 70% of drivers from choosing an EV. With electric cars being more efficient than gas- and diesel-powered vehicles and Britain choosing to ban these cars in 2030, the AA believes that the VED for electric cars should be more affordable.

Since America doesn’t charge any fees to use roads based on emissions, you have to pay tolls to get through tunnels, over bridges, and to bypass traffic, gas-powered vehicles will be more affordable to own and drive than electric cars for quite a long time. Plus, could you imagine the government trying to tax people to use roads based on their cars’ CO2 emissions? What would all the people that daily drive large pickup trucks for no reason do? The People’s Convoy would certainly have a field day if that ever happened.

Editors' Recommendations

Joel Patel
Former Digital Trends Contributor
Joel Patel is a Northern Virginia native that became enamored with cars at a young age when he was tasked with holding the…
Buying an electric vehicle? Here’s how to install an EV charger in your home
How to install an electric car charger and avoid long waits and other headaches
EV charging station.

So you’ve purchased or are considering purchasing an electric vehicle. Congrats! With the U.S. Department of Transportation green-lighting plans for 75,000 miles of highway EV charger stations across all 50 states, Washington, D.C., and Puerto Rico (per CNBC), charging should get easier and easier over the next five years. The question remains, however, where do you juice up?

Though there are, according to U.S. News & World Report, almost 50,000 charging stations scattered across the country and over 117,000 electric vehicle supply equipment ports out there, most of these are going to suck more time than energy. The large majority of today’s EV charging stations are Level 2 ports incapable of a quick charge, delivering electricity at a slug-slow speed of 8.3 kilowatts. Charging an EV at these stations averages 20-30 miles of battery range per hour, which translates to anywhere between six to 12 hours to fully charge an EV using a Level 2 public charger. If you’re like most people, this wait isn’t feasible. Enter the Level 2 home electric car charger.

Read more
Alfa Romeo reveals plans to debut a large electric SUV in the U.S.
Alfa Romeo's luxury SUV will compete with the Mercedes EQS, Audi Q8 e-tron, and the BMW iX
Alfa Romeo Stelvio

Since Alfa Romeo came back to the U.S. in 2014 after a 19-year hiatus, it has been busy trying to build a solid presence to compete with other luxury automakers. It introduced the 4C Coupe, 4C Spider, Stelvio, Gulia, and Tonale models to the U.S. market—a clear sign that Alfa Romeo is back in America and here to stay.

Two of the three Alfa Romeo models currently sold in the U.S. market are SUVs—the Stelvio and the Tonale. Its other model, the Alfa Romeo Giulia is a sedan, while the 4C Coupe and 4C Spider were discontinued. This means that SUVs are Alfa Romeo’s bread and butter in the U.S. market. In fact, Alfa Romeo sells more SUVs in the U.S. market than any other type of vehicle—according to Statista.

Read more
MINI is teasing its incoming EV, and we want one
What you need to know about the Mini Cooper EV
the 2024 Mini Cooper EV driving on the road

A few weeks ago, BMW announced its 2024 lineup of the Mini Cooper. Customers will have the option to choose seven models with manual transmissions. Beyond that, BMW also unveiled three electric Mini Cooper models that will be available next year. The brand plans to sell 100% electric vehicles by 2030, and the MINI Cooper EV will be its foundation.

In a press release, BMW has revealed more details about its next-generation MINI Cooper electric, and we can't wait to get ourselves one. What should we expect?
The 2024 MINI Cooper will have a longer range
The incoming 2024 electric Mini Cooper will be available in three models: Mini Cooper E, Mini Cooper SE, and Mini Cooper SE Convertible. The Mini Cooper E will include a 40.7 kWh battery, which should cover a range of up to 186 miles. If it delivers, the upcoming BMW Mini Cooper EV will have improved the range by 40 miles compared to the current Mini Cooper SE EV model with a 32.6 kWh battery.

Read more