Myth #1: “EVs are more expensive than Internal Combustion Engine Cars”
Currently, the list price of electric vehicles is often higher than similar internal combustion engine cars. But, as everyone in the trade will tell you, the upfront cost is often misleading. What you need to bear in mind is the Total Cost of Ownership, which takes into consideration running costs, servicing, insurance, and road tax, (from which electric vehicles are exempt until 2025). By this metric, EVs are more than competitive. And if your EV is a company car you’ll save on vastly reduced Benefit in Kind payments. As the experts at What Car? magazine put it: "The Cupra Born is such a good all-round car that it gets What Car?’s maximum five-star rating. And like all EVs, it will be cheap to run."
