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Buying an electric car could save you the cost of ChristmasBack

The savings that can be made on fuel and road tax from an 100% electric car are large enough to cover a modest family Christmas according to figures released this week by Go Ultra Low.

An average household spends £645 on Christmas which could be covered by the annual savings made on an electric vehicle. Visitors to the Go Ultra Low website can now access a new cost calculator that demonstrates how much they can save by switching to a 100% electric car.

By using a comprehensive range of vehicle comparison tools, Go Ultra Low found that 100% electric cars can provide savings of around £600 per year on fuel and tax bills. Combined with additional congestion charges, the total annual saving exceeded the £645 average cost of a family Christmas, excluding gifts and socialising.

So, why go electric?

  • Electric and hybrid cars drivers pay the lowest rates of VED, with no first year rate for 100% electric vehicles.
  • According to Go Ultra Low’s calculator, 100% electric cars cost, on average, 3p per mile to run, in comparison to diesel vehicles which cost an average of 9p to run.
  • Electric cars often benefit from lower maintenance costs due to having fewer moving parts and less demand for consumables.
  • You can get a Government grant if purchasing an electric car. Government grants offer up to £4,500 off the price of an eligible 100% electric car, £2,500 off an eligible plug-in hybrid car and up to £8,000 off the price of a new electric van.
  • Electric car owners can also benefit from yp to £500 off the cost of installing an electric charge point at the home.
  • A Workplace Charging Scheme has also been put in place for those purchasing a car for business purposes to make commuting even more viable. The scheme provides grants of up to £300 per charging socket.
  • Electric cars are exempt from car tax  and remain unaffected by the upcoming changes to car tax law as long as they have zero emissions. However, if the car costs more than £40,000, the owner is now required to pay £310 per year for years two to six.
  • The range of electric cars has improved significantly. Although the maximum ranges vary greatly between models,  a Tesla Model S now has an estimated maximum range of around 270 miles.

Poppy Welch, Head of Go Ultra Low, said: “Many drivers of 100% electric cars will have aleady covered the cost of Christmas this year, thanks to the lower operating costs of their cars. 100% electric and plug-in cars are fast becoming a serious consideration for an increasing number of motorists, with more than already over 125,000 on our roads.”

Visit  www.goultralow.com to gain more information on a number of topics, including how much you could save with an electric car, how easy it is to charge at home, and how far a plug-in car can go on a single charge.

Posted by Leana Kell on 25/12/2017