Because the technology powering EVs is new, it’s still being perfected. So much new hardware in your vehicle means the upfront cost of buying is likely to be higher. Likewise, the second hand market for EVs hasn’t had time to mature so there are fewer deals out there.
Remember, buying an EV is basically the same as buying any other car. It’s likely you’ll be able to access finance options to spread the cost.
Will electric cars always be more expensive than petrol?
Probably not. Electric cars are already more affordable than they were five years ago. As the technology develops, prices are very likely to come down until the difference is barely noticeable.
Because the UK government is phasing out the sale of petrol and diesel cars by 2030, the EV market is set to expand considerably in the next few years. That means more second-hand EVs coming up for sale, with greater supply driving prices down.