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In true "cost" terms you have to work out, not the upfront cost but the cost (per month, say) of ownership, which is either
a) the new cost minus the (estimated) trade-in/sale value at the end of a period or
b) (to be sure) the monthly PCP/finance/etc cost with a guaranteed minimum value
for two cars - EV and ICE.
But then account for this:
At 50mpg and 6000 mpa, petrol cost about £600pa
At 5 mpkWh, domestic power cost about £200pa. You can do it for less - as little as £0 if you put your mind to it - as things stand.
ICE road tax (year 2+) £150
EV road tax £0.
So - DEDUCT £550pa = ~£46 per month from the EV cost of ownership when comparing.
a) the new cost minus the (estimated) trade-in/sale value at the end of a period or
b) (to be sure) the monthly PCP/finance/etc cost with a guaranteed minimum value
for two cars - EV and ICE.
But then account for this:
At 50mpg and 6000 mpa, petrol cost about £600pa
At 5 mpkWh, domestic power cost about £200pa. You can do it for less - as little as £0 if you put your mind to it - as things stand.
ICE road tax (year 2+) £150
EV road tax £0.
So - DEDUCT £550pa = ~£46 per month from the EV cost of ownership when comparing.