How accurate is the EV vs Gas cost comparison?

Our calculator uses official data from FuelEconomy.gov (U.S. Department of Energy) for MPG and kWh/100mi figures. We factor in realistic maintenance schedules, insurance estimates, depreciation curves, and adjust all costs for 3% annual inflation.

What costs are included in the 10-year calculation?

We include: fuel/electricity costs, scheduled maintenance (oil changes, tire replacements, brake pads, battery coolant, etc.), insurance premiums, registration fees, and depreciation. We calculate the net cost by subtracting the estimated resale value at year 10.

Why do EVs have lower maintenance costs?

Electric vehicles have significantly fewer moving parts than gas cars—no engine oil, transmission fluid, spark plugs, timing belts, or exhaust systems to maintain. EVs also use regenerative braking, which dramatically extends brake pad life.

Are federal or state EV incentives included?

Currently, our calculator shows the base comparison without government incentives. Federal tax credits (up to $7,500 in the US) and state rebates can significantly reduce the EV purchase price.

What is the UK Electric Car Grant?

The UK Electric Car Grant (Plug-in Car Grant) offers up to £3,750 (Band 1) for cars with 100+ miles range and under £35,000 MSRP, or £1,500 (Band 2) for cars with 70-99 miles range. The grant is applied at point of sale by dealers.

What is the company car tax (BIK) rate for electric cars in the UK?

Zero-emission company cars have a Benefit-in-Kind rate of just 2% in 2024/25, rising to 3% in 2025/26 and 4% in 2026/27. This compares to 20-37% for petrol/diesel cars, making EVs extremely tax-efficient for company car drivers.

Is there a grant for home EV chargers in the UK?

The EV Chargepoint Grant provides up to £350 towards the cost of installing a home charger. It's available for homeowners, tenants, and landlords who have dedicated off-street parking.

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🇬🇧 EV Grants & Incentives in the UK

Complete guide to UK government grants for electric vehicles. Get up to £3,750 off eligible EVs plus significant company car tax savings.

Up to £3,750

Electric Car Grant

2% BIK

Company Car Tax

2026

Last Updated

Electric Car Grant Active

The UK government Electric Car Grant launched July 2025 and runs through 2028-29. Discounts are applied automatically at the point of sale.

Electric Car Grant (ECG)

Band 1

£3,750

Maximum discount for cars meeting higher sustainability criteria.

Eligible vehicles:

Citroën ë-C5 Aircross Long RangeFord E-Tourneo CourierFord Puma Gen-EMINI Countryman ElectricNissan LEAFRenault 4Renault 5 (52 kWh)Renault Alpine A290

Band 2

£1,500

Discount for cars meeting standard eligibility criteria.

Eligible vehicles include:

Citroën ë-C3 / ë-C3 AircrossCitroën ë-C4 / ë-C4 XCupra BornHyundai KONA ElectricKia EV4Nissan AriyaNissan MicraPeugeot E-208 / E-2008Renault 5 (40 kWh)Renault Megane / ScenicSkoda Elroq / EnyaqVauxhall Corsa / Mokka ElectricVolkswagen ID.3 / ID.4 / ID.5

Eligibility Requirements

Zero emissions at tailpipe (0g CO2/km)

Minimum 100 miles (160km) battery range

3-year or 60,000 mile vehicle warranty

8-year or 100,000 mile battery warranty

M1 passenger vehicle classification

Meets minimum sustainability criteria

You don't need to apply — the dealer includes the grant as a discount in your purchase price.

Other Vehicle Grants

Wheelchair Accessible Vehicles

Up to £2,500

For eligible wheelchair accessible EVs

Motorcycles

Up to £500

For electric motorcycles and mopeds

Small Vans (up to 2.5t)

Up to £2,500

For eligible small electric vans

Large Vans (2.5t - 3.5t)

Up to £5,000

For eligible large electric vans

Small Trucks

Up to £16,000

For eligible small electric trucks

Large Trucks

Up to £25,000

For eligible large electric trucks

Taxis

Up to £7,500

For eligible electric taxis

Company Car Tax Benefits (BiK)

Benefit in Kind (BiK) Rates

Electric company cars benefit from the lowest BiK rates, making them significantly cheaper than petrol or diesel alternatives.

2025/262%

2026/273%

2027/284%

Salary Sacrifice Savings

Through salary sacrifice schemes, employees can save on:

Income tax on sacrificed salary
National Insurance contributions
Insurance, maintenance & servicing
Road tax (£0 for EVs)

Typical savings: 30-60% vs personal purchase

Charging Infrastructure Grants

EV Chargepoint Grant

Up to £350

For homeowners in flats/apartments or rental properties. Covers up to 75% of the cost.

Learn more

Workplace Charging Scheme

Up to £350/socket

For businesses, charities, and public sector. Up to 40 sockets per applicant.

Learn more

Other UK EV Benefits

🚗 £0 Road Tax

Zero-emission vehicles pay no Vehicle Excise Duty (road tax).

🏙️ Clean Air Zone Exempt

EVs are exempt from charges in London ULEZ and other Clean Air Zones.

🅿️ Free Parking

Many local councils offer free or discounted parking for EVs.

For the complete and most up-to-date list of eligible vehicles:

Visit GOV.UK Official Page

Calculate Your Total Savings

Use our calculator to compare EV vs petrol costs over 10 years, including fuel, maintenance, and tax savings.

Try the Calculator

Information current as of February 2026. Grants and eligibility may change. Always verify with GOV.UK before making purchasing decisions.