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 Electric Vehicles Cost of Electric Ownership Switching to an electric vehicle (EV) offers a range of cost-saving benefits, both upfront and over time. At Endeavour Automotive, we’re an authorised main dealer for Volvo, Hyundai, Lotus, Polestar, OMODA and JAECOO. As such, we’re committed to helping you understand that upgrading to an EV is a financially smart decision. With locations across Berkshire, Buckinghamshire, Essex, Hertfordshire, Suffolk and London, we’re here to support you in making a cost-effective, environmentally friendly choice. Get In Touch
Initial Cost
Charging Costs
Maintenance Costs
Calculator
Emission Charges
Value
FAQs
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Initial Cost

While the initial price of an EV is typically higher than traditional petrol or diesel cars, electric vehicles offer excellent value over time. This is due to savings in fuel and maintenance – and potential tax incentives or grants for EV buyers

Charging Costs

 Charging at home Home charging is one of the most cost-effective ways to keep your EV powered. By charging overnight, you can take advantage of off-peak electricity rates, significantly reducing energy costs. Installing a home charging unit, eligible for the OZEV grant in many cases, further enhances convenience and ensures a steady power supply for your EV.
Charging at public stations Public charging stations are widely available and offer flexibility for EV drivers. Many charging networks provide memberships, so you can easily locate and pay for charging. Public stations often have standard or rapid options, allowing for flexibility in charge times when you're on the go.
Rapid charging For quick top-ups, rapid chargers offer a fast solution, ideal for longer journeys. These stations provide high-power charging, which can restore up to 80% of your battery in as little as 30 minutes. Rapid charging stations are located at service stations, shopping centres and other convenient areas across the UK.

Maintenance and servicing costs

EVs have fewer moving parts than traditional cars, resulting in lower maintenance and servicing costs. At Endeavour Automotive, our skilled technicians are trained to care for all electric and hybrid systems, including battery health, electrical systems and software updates, ensuring your EV stays in optimal condition while keeping running costs low.​​

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 EV home charging calculator Use our EV home charging calculator to estimate your potential savings. Input your electricity rate, battery size and average miles driven to get an accurate look at how much you’ll save by charging at home. Calculate Home Charging

Exempt from Emissions Charges

 Low-Emission Zones (LEZ)
Ultra-Low Emission Zones (ULEZ)
The Congestion Charge Zone in London
Electric vehicles hold their value better than fuel equivalents
Used Electric Stock

FAQs

Here are answers to frequently asked questions to help you understand the cost benefits and ease of owning an electric vehicle.​​

What are the tax benefits of Electric vehicle ownership?

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Owning an electric vehicle often comes with benefits like lower road tax, exemption from congestion charges and reduced company car tax rates.​

Are there grants available for installing a home charger?

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Yes, the OZEV grant covers up to 75% of the installation cost, making home charging more affordable.​

Do electric vehicles have lower insurance costs?

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While insurance varies by model and provider, some electric vehicles boast competitive rates due to their safety features and lower risk factors.​

How long does it take to charge an electric vehicle at home?

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Charging an electric vehicle at home with a standard 7 kW charger can take between six and 12 hours, depending on the battery size.

More about electric vehicles

Explore our wide range of electric vehicles from Volvo, Hyundai, Polestar and more, and experience the benefits of electric driving. Contact Endeavour Automotive today to learn more and book your test drive appointment.
About Electric Vehicles
Used Electric Vehicles