The latest analysis from LeasePlan has shown that there has been a sharp decline in the price differences between electric cars and petrol/diesel vehicles across European markets, with electric vehicles (EV) fully cost competitive compared to standard vehicles in Norway and the Netherlands.

In most other countries, the price gap between driving an EV and a diesel or petrol car has narrowed from 2018 to 2019. If this trend continues, EVs will also reach cost competitiveness in countries such as the UK and Denmark in the near future.

The Car Cost Index data suggests that the UK is currently the second cheapest country in Europe to run an EV, with the average monthly total cost of ownership for electric vehicles in the UK at £615, with just Greece offering a lower total cost of ownership of £597.

Alfonso Martinez, managing director of LeasePlan UK, said: “This year’s Car Cost Index has shown that electric vehicles are increasingly becoming a rival option to traditionally fuelled vehicles, as costs are continuing to fall and legislation, such as the Company Car Tax announcement from July, is now actively encouraging drivers to look for electric alternatives."

To see more about our first 100% electric vehicle, the Mercedes-Benz EQC, please click here. With its surprising range and innovative driver assistance features, combined with extensive charging points across the UK, it represents a whole new way to drive electric.

For more information: https://www.leaseplan.com/corporate/news-and-media/newsroom/2019/03-09-2019

Added: 09 September 2019

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