More and more people are seeing the environmental benefits of switching from traditional fuel to electric. But how much might it cost to go green? And is it really worth it?

The cost of buying an electric car can vary depending on the make, model, how old it is and how you buy it. As the market expands, there are more electric car and hybrid options to consider than ever – available to buy outright, on finance, second-hand or by leasing. 

Typically, electric cars cost more than their petrol or diesel equivalents. This is generally because they’re produced in smaller numbers using state-of-the-art technology. 

So, depending on your budget, you may have to wait a bit longer to save up. But when you’re tightening those purse strings, it’s worth considering any long-term benefits of owning an EV. For example, some models may have lower running costs and over time, this could help balance out the extra expense of the initial purchase.

EVs are becoming cheaper each year as new cars push existing models into a growing second-hand market.

To qualify for an OZEV chargepoint grant you either need to be a homeowner living in a flat, or renting a residential property. It’s best to check GOV.UK for the full qualifying criteria for renters or flat owners.