Electric cars buyers guide

Are electric cars better for the environment?

In a word, yes. Treat anyone who says otherwise with a degree of scepticism... that isn't to say that in the whole life cycle of an electric vehicle, it doesn't produce emissions. It does.

However, reputable study after reputable study has found that the environmental credentials of an electric vehicle are better than an internal combustion engine (ICE) vehicle within about two years of it being produced.

In really simple terms this means that initially during production of the electric vehicle more emissions and materials are required to produce the vehicle compared to an ICE vehicle but once they're out on the road and being driven an EV very quickly catches up and surpasses the ICE vehicle.

And when you look at the whole life of a vehicle the environmental credentials of the EV far surpass that of the ICE vehicle. According to research by Green NCAP an EV over the life of the vehicle emits around 50% of an equivalent ICE vehicle - and that is taking into account the current Grid mix of energy production, as our National Grid removes fossil fuels from electricity production this gap will expand further.

This is why the UK Government has announced the ban on the sale of new petrol and diesel cars from 2035. Fully electric vehicles produce zero tailpipe emissions and are far more efficient when it comes to using energy.

Significant investment is being made to increase the amount of wind and solar generation that goes into producing electricity and it takes less energy to produce renewable electricity (and it’s a much cleaner process) than extracting and cracking crude oil to make petrol, while most new electric cars are packed with clever technology which makes then even more environmentally friendly.

Further down this guide, we’ll go into this topic in more depth, as we’ll explore whether buying electric cars is best, or leasing electric cars is best.

The electric vehicles of today have vastly improved battery technology over their predecessors, allowing them to cover many more miles on a single charge. Battery sizes too have increased in size, providing an EV with more power, giving them a longer range.

Most new models offer a ‘real-world’ range of more than 150 miles, including affordable cars like the MG 4 EV hatchback and the Vauxhall Corsa-e.

Teslas are known for their exceptional range figures, with the Model S Long Range capable of covering around 345 miles on a single charge (Official WLTP range = 412 miles).

Many of us don’t travel anywhere near that in a week, never mind a day.

How much does it cost to run an electric car?

One of the biggest benefits of running an electric car is the cost of charging compared to the price of petrol and diesel.

And while the cost of electricity has increased significantly, EV-specific home tariffs are still available in the UK market, which means charging an average EV can cost around £5 or £6.

For more information about charging, head over to our guide.

Let's look at the sporty BMW i4 as an example. The EV comes with a large 80 kWh battery, which has a real-world range of 290 miles on a full charge.

If you're on an EV-specific electricity tariff of 7.5p per kWh then charging the BMW i4 will cost £6. That makes it about 2p per mile.

Significantly lower than the cost of petrol in a BMW 4 Series.

Charging on the public charging network will cost more, however, we recommend that if you have off-street parking then investing in a professionally installed home charging unit is the best way to charge your EV.

And not only is the cost of charging so low, but EVs are also cheaper to maintain thanks to the lack of moving parts in their batteries, compared to ICE cars. Plus, you can also make huge savings on the Congestion Charge and Ultra Low Emission Zone (ULEZ) charge if you live in London.

Buying an electric car means you'll own it outright, giving you full control over customisation and long-term savings potential. If you plan to keep your car for many years and want to avoid mileage restrictions, buying might be the way to go. However, it does require a larger upfront investment and you'll be responsible for maintenance costs over time, which we find many people who opt for buying electric cars do get frustrated with.

If you’re wondering which electric car you should buy and how to buy an electric car, then, depending on your budget, you might consider the BMW range of EVs or Teslas, and going direct to them.

On the other hand, leasing offers lower initial costs and the opportunity to drive a new electric vehicle with the latest features every few years. With leasing, you won't have to worry about depreciation or resale value, and routine maintenance is often covered under warranty. Plus, you can enjoy the flexibility of returning the vehicle at the end of the lease term without the commitment of ownership.

In addition to this, leasing an electric car, in general, has become much cheaper in recent years, for several reasons. Firstly, there’s greater competition between manufacturers, which has helped drive prices down.

Secondly, there’s a higher demand for second-hand EVs. This has a positive influence on depreciation and residual values, which in turn has brought down leasing costs.

Leasing is usually the best way to keep driving a brand-new car every two or three years, simply handing your EV back when it’s time to change. And as electric cars are progressing so quickly with huge strides made in terms of spec and tech, leasing an EV is the perfect way to stay ahead of the curve.

Ultimately though, your choice to buy or lease an electric vehicle comes down to your budget, driving habits, and preferences for vehicle ownership.

If you decide leasing is your best option, then we’re here to support you with that decision every step of the way.

There’s never been a better choice of EVs when it comes to leasing. There are so many different options to suit all kinds of tastes and budgets, whether you’re looking for something top-end like the Tesla Model Y and Mercedes-Benz EQC, a performance EV like the new Ford Mustang Mach-e or a low-cost lease option like the Volkswagen e-Up, with virtually all of the leading manufacturers entering the market over recent years there really is an electric car for everyone.

Did you find this information useful? If you have any more questions, or you’d like to speak to an expert about electric cars, then please get in touch. In the meantime, why not take a look at some of our current electric car lease offers?