Today, I look at the cost of buying and running an EV in relation to a petrol hybrid. Critics have expressed concern that depreciation causes EVs to be too expensive to own, but are they right? Let's take a look at some figures to find out.
This is the latest in a series of videos sharing my knowledge and experience with electric cars. EVs have improved immensely over the last few years, and we are at a point where I think the majority of people can make the switch to electric.
00:00 - Introduction 00:47 - The premise 01:40 - The comparison 03:52 - Depreciation 04:36 - Finance costs 05:30 - Insurance 06:01 - Servicing 06:17 - Road tax and MoTs 06:30 - Fuel 07:39 - Total cost of ownership 08:38 - Maintenance 09:19 - Summing up 09:58 - Keeping it longer 10:30 - Depreciation on new cars 12:27 - Summary
The aim of my channel is to provide knowledge and plain speaking about the transition we all face. I hope you will join me for other videos on the move towards a renewable energy future. I will be covering plenty more about EVs, but will also be sharing my experiences as I look into energy generation and electric heating.