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Electric vs Petrol: True Cost of Ownership
Compare the full cost over 10 years — purchase, fuel, tax, insurance, servicing, and depreciation.
Purchase & Usage
£
£
Fuel & Energy
Annual Running Costs
£
£
£
£
£
£
⚡
Electric wins over 10 years
Total saving: £3,879 at 10,000 miles/year
EV total cost
£42,250
Petrol total cost
£46,129
Annual fuel saving (EV)
£848/yr
EV cheaper from
Year 6
⚡
Electric Vehicle
Purchase + running + depreciation
Purchase price£35,000
Charging/yr£800
Road tax/yr£0
Insurance/yr£650
Servicing/yr£150
Total cost (10yr)£42,250
⛽
Petrol Vehicle
Purchase + running + depreciation
Purchase price£25,000
Fuel/yr£1,648
Road tax/yr£190
Insurance/yr£500
Servicing/yr£350
Total cost (10yr)£46,129
Total Cost of Ownership Over Time
Yr 1
£11.1k
£8.2k
Yr 2
£17.2k
£14.1k
Yr 4
£25.6k
£24.0k
Yr 6
£32.0k
£32.1k
Yr 8
£37.6k
£39.5k
Yr 10
£42.3k
£46.1k
EV total cost
Petrol total cost
Year-by-Year Breakdown
| Year | EV Running | Petrol Running | EV Resale | Petrol Resale | EV Total | Petrol Total | Winner |
|---|---|---|---|---|---|---|---|
| 1 | £1,600 | £2,688 | £25,550 | £19,500 | £11,050 | £8,188 | Petrol |
| 2 | £3,200 | £5,376 | £21,000 | £16,250 | £17,200 | £14,126 | Petrol |
| 3 | £4,800 | £8,064 | £18,200 | £13,750 | £21,600 | £19,314 | Petrol |
| 4 | £6,400 | £10,752 | £15,750 | £11,750 | £25,650 | £24,002 | Petrol |
| 5 | £8,000 | £13,440 | £14,000 | £10,250 | £29,000 | £28,190 | Petrol |
| 6 | £9,600 | £16,128 | £12,600 | £9,000 | £32,000 | £32,128 | EV |
| 7 | £11,200 | £18,815 | £11,200 | £8,000 | £35,000 | £35,815 | EV |
| 8 | £12,800 | £21,503 | £10,150 | £7,000 | £37,650 | £39,503 | EV |
| 9 | £14,400 | £24,191 | £9,450 | £6,250 | £39,950 | £42,941 | EV |
| 10 | £16,000 | £26,879 | £8,750 | £5,750 | £42,250 | £46,129 | EV |
⚠️ Illustrative projections only — not financial or legal advice. Consult a qualified adviser before making financial decisions.
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