Electric Vehicle FAQ
Can I save money by driving an EV?
While the environmental benefits of driving an EV are clear, there can be financial benefits too.
Improvements in technology, growing demand, and government support have made owning an EV good for the environment and your wallet at the same time!
The financial benefits of owning an EV will vary greatly depending on where in Europe you live. As climate change and environmental protection have become a key talking point across Europe and the world, politicians have put policies into place to address this. Some governments are further along than others. For example, in France, residents can receive a grant of up to 10,000 € from the government and in Germany of up to 6,000 € for the purchase of a BEV.
Another financial benefit of EVs is the so-called “long term payback”, or the money saved on fuel over the lifespan of the EV. Depending on how much you drive and how expensive fuel is in your country, simply keeping your car running can be a major strain on your monthly budget – and electricity is typically cheaper than petrol. With EVs, the need for fuel is gone (or reduced if you own a Hybrid), saving you money for the more important things in life.