TRUE COST OF EV OWNERSHIP REVEALED

The true cost of ownership for electric cars has been revealed in new data.

The figures, compiled by data experts cap hpi, take into account servicing, charging costs and other motoring expenses to determine which electric car on sale today costs the least to run.

The Citroen C Zero hatchback came out on top, with a total cost of ownership of £18,489, or £513.58 per month.

It was shortly followed by the Peugeot Ion, costing £18,489 a year or £512.58 per month. The data generated was based on a 2015/16 plate vehicle driving 20,000 miles.

Chris Plumb, black book editor at cap hpi, said: “Over 60,000 new alternatively fuel ed vehicles( AFVS) have joined Britain’s roads so far this year. The overall used market for electric vehicles has seen gains with residual values increasing by seven per cent this year.

“As consumer interest in electric vehicles continues to soar now could be a good time to consider switching to a u se dev. the market f or afvs saw a record market share of 4.4 percent in june with more than 10,700 hitting the roads, a rise of 29 per cent.

“EVS and plug hybrids in can provide a good balance between range and efficiency plus the economic benefits for motorists can be enormous, offering big savings on fuel and tax costs as well as much lower maintenance costs.”

Volkswagen’s e-up! came in third place with £19,080, followed by the Hyundai Ioniq Electric with £20,632.

Telsa’s popular Model S and Model X vehicles have comparatively more expensive yearly costs at £43,027 and £53,279 respectively.