ELECTRIC CARS AND VANS from Dragon Electric Vehicles - 01 874 730 320

Economics of running an EV means a high investment cost, but cheaper day to day expenses and a higher residual value.

Investment

Admittedly this is not cheap. Buying or converting an EV will can cost between Ł2,000 and Ł35,000 more than a Fossil vehicle.

Running Costs

EVs are cheaper to run in terms of fuel, servicing and various taxes and charges. This is partly offset by battery replacment costs with batteries normally lasting around 7 years.

Some indication of running costs are indicated below. Prices are in ŁŁŁ

Item	Fossil	Electric
Annual servicing	250	100
Road fund licence P.A.	140	Zero
London congestion charge (per day)	8	Zero
Fuel cost (per mile)	0.13	0.02
Battery cost P.A. (assuming lead acid set lasts 7 years)	Zero	125

Rougly speaking, a small/medium Fossil vehicle covering 10,000 miles per year would cost about Ł1,700 for tax, servicing and fuel compared with about Ł425 for an equivalent EV.

Residual value

EVs have a good secondhand value and retain their price well.

If your EV is written off, either because of an accident or for economic reasons, then the motor, control gear, charger and often batteries can be sold off for decent prices.