Electric vehicles tend to have a higher list price than petrol or diesel vehicles, but lower running costs mean they can prove cheaper in the long run.
There are also a range of discounts and grants available that can help bring the cost of an electric vehicle down.
Currently, the UK Government’s Plug-in Car Grant offers up to 35% off a new electric vehicle (up to £3,500) included in the Category one list of fully electric vehicles
Some manufacturers offer large deposit contributions, including Renault
If you’re getting a home charging point installed (and you should certainly consider it), you can save money using the Electric Vehicle Homecharge scheme. They will pay for 75% of the total costs, including installation, up to £500 in total value. To secure this saving, you need to make sure your chosen installer is authorised by the OLEV (Office for Low Emission Vehicles).
You may also be able to secure a preferential rate on your electricity bills, as some providers take car charging into consideration, so make sure you ask when shopping around.