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Making the switch to an electric vehicle (EV) isn’t just about reducing emissions—it can also mean lower running costs compared to a traditional petrol or diesel vehicle. Here’s how EVs stack up against internal combustion engine (ICE) vehicles when it comes to the cost of ownership.
One of the biggest advantages of an EV is lower energy costs. Charging an EV at home can cost as little as a few pence per mile, especially when charging overnight on a lower electricity tariff. Public rapid charging can be more expensive, but it often remains cheaper than refuelling a petrol or diesel vehicle.
EVs have fewer moving parts than ICE vehicles, meaning lower maintenance costs. With no engine oil, fewer fluids, and less wear on components such as brakes (thanks to regenerative braking), EVs generally require less servicing.
EVs: Fewer mechanical parts mean reduced servicing costs. On average, maintenance costs can be up to 30-50% lower than ICE vehicles.*
ICE Vehicles: Regular servicing is required for oil changes, exhaust systems, timing belts, and more—leading to higher lifetime maintenance costs.
Dynamic and electrifying - meet the New All-Electric Puma Gen-E®. Designed for urban adventures, this electric SUV features rapid charging and cutting-edge technology. Enjoy innovative efficiency and lower running costs.
*The figures shown are for comparison purposes only, and do not constitute a formal quotation. Figures are estimates and may not reflect real life driving results. Costs may change based on a number of factors such as differences in fuel & electricity costs, driving style, journey type and vehicle load. Actual battery range varies with conditions such as ambient temperature, driver behaviour, vehicle maintenance and battery age. All figures shown are inclusive of VAT. Ford Credit Acquire and Options contracts may incur finance facility fees and option to purchase fees which have not been included in the above.