Analysis: EVs are now nine times cheaper than petrol or diesel to drive in UK

Electric vehicles are now up to nine times cheaper to drive in the UK than petrol or diesel cars, costing 2.3p per mile on off-peak electricity compared to 20-21p per mile for fossil fuel vehicles, due to recent surges in oil and fuel prices driven by geopolitical tensions. Even at standard electricity rates, EVs cost only 7p per mile—three times cheaper than petrol or diesel—and drivers can save around £80 per full tank equivalent charge. Despite these significant cost advantages, petrol cars still dominate UK roads at 55% of vehicles, while only 6% are fully electric.