Electric cars are already cheaper to own and run, says study

Petrol and diesel vehicles cost more over four years in UK and four other European nations.

Electric cars are already cheaper to own and run than petrol or diesel alternatives in five European countries analysed in new research.

The study examined the purchase, fuel and tax costs of Europe’s bestselling car, the VW golf, in its battery electric, hybrid, petrol and diesel versions. Over four years, the pure electric version was the cheapest in all places – UK, Germany, France, Netherlands and Norway – owing to a combination of lower taxes, fuel costs and subsidies on the purchase price.

Researchers from the International Council for Clean Transportation (ICCT) said their report showed that tax breaks are a key way to drive the rollout of electric vehicles and tackle climate change and air pollution.

Carbon emissions from transport are a big contributor to global warming, but have been rising in recent years in the European Union. Vehicles are also a source of much air pollution, which causes 500,000 early deaths a year in the EU.

Read more at the Guardian here.