Should I buy an electric car?

It's a big question these days, so here are some things to consider if you're wondering about purchasing an electric car

Simon Ostler
Oct 28, 2021

If you're considering your options for your next car, you won't be able to ignore the growing presence of electric cars. Pretty much every mainstream manufacturer offers at least one electric model now, and the movement towards an electric future is in full swing.

So, you're asking yourself: "should I buy an electric car?" It's a very difficult question to answer, but we can certainly help you understand if buying an electric car is the right decision for you.

Considerations including charging, battery range and cost are all vitally important in the electric car buying process, but there are an increasing amount of electric cars on the market which can tick all the boxes you need them to in order to consider them a viable purchase.

Ultimately, the decision is yours to make, but we're here to help you make an informed decision, and hopefully before too long you'll be enjoying your first taste of electric motoring. Read on for insight into buying and owning an electric, and whether going electric is the right thing for you.

Should I buy an electric car?

There's an ever growing choice of models available from a variety of brands. Whether or not there's one that will suit your needs is another question altogether though.

Electric cars remain much more expensive than comparable petrol or diesel alternatives. The new Peugeot 208, for example, comes in at £18,850 in entry-level Active trim with a 1.5-litre diesel engine, the same spec e-208 version with electric power is an extra £6,200, which, incidentally, is the same price as you can get a used diesel-powered 2019 BMW 5 Series Touring on BuyaCar.

So they are expensive, but you will of course be saving money on fuel costs and road tax - electric cars run tax free thanks to their zero-emission status. But, the extra money you're spending on the car itself will cancel out those savings for the first few years at least.

You’ll need to make special arrangements at home if you want hassle-free charging - we suspect you would, as finding fully-functional and readily available public chargers can be a problem if you're looking to make longer journeys.

This all sounds very negative, but we can also think of plenty of reasons why choosing an electric car would be a good idea. For a start they're actually rather fun to drive. The instant power you get from an electric motor makes virtually every electric car the fasting thing away from a set of traffic lights.

They're also packed with some neat technology too, such as the Nissan Leaf's e-Pedal, which is a very intuitive single pedal system that lets you accelerate and decelerate by pressing down or lifting off with one foot. This tech has been universally integrated into all electric cars in some capacity.

We've already noted their exemption from road tax, but electric cars are also ULEZ-compliant, which makes them exempt from stringent emissions charges in central London. So, if you're often making the journey into the capital, zero emission driving ought to be very appealing.

Consider an electric car if...

You drive less than 150 miles per day
You have a garage or driveway
You're a company car driver
You drive in central London
You want to do your bit for the environment

Electric cars aren't so good for...

Regular journeys of several hundred miles
Daily on-street charging
Cheap purchase prices
Towing

Would an electric car suit my needs?

Firstly, it's important to understand the needs of an electric car. If you're able to meet those, then there is more chance that an electric car will be good for you.

To begin with there's the entirely different aspect of electric car charging. Our in-depth guides to electric car charging stations and the different cables that go with them will be useful here, while there is also the option of charging your electric car at home. Electric car charging also takes much longer than your standard fuel fill-up, it can be anything between five and 12 hours. If you're an on-call doctor and you're going to need a car that can travel at any time, an electric car might not be suitable.

Once your car's charged, it won't last as long as a petrol or diesel car will before it needs charging again, so getting to know the range of your car (the distance it can travel on a single charge) is an important next step. Be wary of official figures here too, as they have a reputation for being a touch optimistic and real world tests tend to be much lower, but there are many new cars available now that will go towards 200 miles.

If you're worried about electric car range, there are various ways you can maximise it.

What if an electric car doesn’t meet my needs?

It's understandable you might have some doubts about diving head first into this unknown pool of electric cars. But you can alleviate some of those doubts by taking the halfway house approach and instead opting for a hybrid or plug-in hybrid model.

These cars offer some of the benefits of electric car driving, with the option of limited electric-only driving and somewhat reduced running costs, while also maintaining the security of a petrol engine for those times when you really need it.

Are there grants available for electric car buyers?

Every zero-emission electric car still qualifies for a £2,500 grant from the government. New and used electric car owners also benefit from a grant towards a home charger, which can recharge batteries up to three times faster than a three-pin plug.

The grants that were once available for plug-in hybrid cars are now no longer available.

Are there any desirable electric cars on sale?

Some of the first battery-powered cars might not have made the neighbours turn green with envy. But the choice has grown dramatically, and will continue to do so, as car makers such as the Volkswagen Group – which includes the brands of VW, Audi, Skoda, Seat and Porsche - gradually turn their back on diesel and divert their engineering resources into creating better electric cars.

Those after a compact electric car can choose from the Renault Zoe, Smart ForTwo EQ and Volkswagen e-Up. These range from around £16,400 to more than £21,000.

For something larger, you could go for something like the Volkswagen e-Golf which places an electric powertrain inside a very recognisable shell. Alternatively, test drive something like the BMW i3 or Nissan Leaf for the full electric car experience.

At the top of the car market, the latest models blend luxurious interiors with impressive performance. But prices reflect as much, climbing from around £59,000 to more than £120,000.

The latest is the Audi e-tron, an SUV that’s about the size of a Range Rover Evoque and a rival to the acclaimed Jaguar I-Pace. Tesla is perhaps the best-known name at this end of the market, and its Model S continues to sell well in the UK.

Will I lose money buying an electric car?

In the early days of the electric car market, when there was little choice and what was in showrooms was largely underwhelming, weak used values for electric cars reflected the lack of interest from drivers. This wasn’t helped by unanswered questions over the longevity of the battery.

Now concerns over battery life have proved to be, to date, unfounded. And the car makers are bringing increasingly desirable and practical electric models to the road.

This is warming consumers to the idea of going electric. Cap hpi, a car valuation consultancy, reported at the start of the year that some second-hand electric cars, including the popular Nissan Leaf, were actually rising in value.

Contrasting the anticipated residual values of two new, popular electric cars with comparable models from the same manufacturer shows that electric cars are worth considerably more money after the typical ownership period of three years and 30,000 miles of driving.

BMW’s entry-level i3 is predicted to lose £16,525, whereas a comparable 120d 5-door manual in M Sport trim is likely to fall by £18,125. It’s an appreciable saving, even before you factor in the substantial reduction in fuel bills, road tax, company car tax and servicing.

It’s even more sobering when comparing the new Jaguar I-Pace with an F-Pace S 3.0 V6 diesel. The electric SUV is predicted to lose approximately £15,470, whereas the F-Pace diesel may drop by an eye-watering £29,515.

 

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