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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

Electric car cost advantage over petrol grows amid energy market turmoil

Electric cars plugged into a charging point in London
Electric cars plugged into a charging point in London. The average annual cost of driving an electric vehicle is £1,264, Compare the Market found. Photograph: Neil Hall/Reuters

Driving an electric car for a year costs almost £600 less than its petrol equivalent after fuel prices surged more than electricity costs, research by the comparison website Compare the Market has found.

Electric vehicles were already cheaper to run, according to figures shared with the Guardian, but the gap has widened significantly amid turmoil in global energy markets caused by the war in Ukraine.

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