Car Leasing News & Blog

Petrol vs electric cars - a running cost comparison

Petrol vs electric cars - a running cost comparison With the price of fuel big news right now and prices rising higher by the week, we thought it would be interesting to look at how much it costs to ... Read More

The Nissan Leaf - a Little Green Car Leasing Review

The Nissan Leaf - a Little Green Car Leasing Review The Nissan Leaf was first launched in 2010, it was a great success and helped to bring electric cars to the masses. In 2018, the new version w... Read More

OVL Group Fundraiser for Ukraine

OVL Group Fundraiser for Ukraine I am sure you have, like me, watched the unfolding crisis in Ukraine with a mix of anger, sadness and horror. It is reported that over 2.5 million ... Read More

THE LGC REVIEW OF THE POLESTAR 2

THE LGC REVIEW OF THE POLESTAR 2 The LGC team were very pleased to have a  Polestar 2 Fastback 170kWh Long Range (Single Motor 5 door auto) on demo recently - it was enjo... Read More

Move over Elon, there’s a sparky competitor in town

Move over Elon, there’s a sparky competitor in town Perhaps because of the profile of their illustrious leader, Tesla tend to commandeer the news feeds when it comes to electric cars. However, we rea... Read More

New electric cars for 2022

New electric cars for 2022 2022 looks set to be a year of exciting electric vehicle launches from many of the major manufacturers. Some of the models we are most ex... Read More

Polestar 2 - all electric driving in style

Polestar 2 - all electric driving in style The Polestar 2 is a fully electric car with a badge that you might not be too familiar with. Polestar is part of the Volvo family and is taking the... Read More

Are all electric cars automatic?

Are all electric cars automatic? The short answer is ....yes!   Most electric cars are automatic, and likely will be in the future. Electric cars don't... Read More

To charge or not to charge?

To charge or not to charge? One of the main barriers to people switching (pardon the pun) from petrol to electric cars is the confusion that exists around charging points.... Read More

The need for speed: getting your business wheels turning

The need for speed: getting your business wheels turning Triumph and adversity often go hand-in-hand, and this certainly applies to business start-ups and the rollercoaster that is the economy. No surpris... Read More

Petrol vs electric cars - a running cost comparison

Share

02/08/2022

Petrol vs electric cars - a running cost comparison

With the price of fuel big news right now and prices rising higher by the week, we thought it would be interesting to look at how much it costs to run an electric car vs a petrol car.

Here’s a roundup:

Just over 4.5 litres makes up a UK gallon 

If your car’s MPG is 40, this means you can drive 40 miles for every gallon of fuel in your tank (or just over 4.5 litres)

A Vauxhall Corsa 1.2’s real life MPG is around 40 MPG

The average cost per litre of fuel at the time of writing this is  £1.90 per litre (we’ve rounded this up to keep things simple.)

£1.90 (per litre) x 4.5 (litres) = £8.55

So in your Vauxhall Corsa 40 miles will cost you approximately £8.55. That’s 21pence per mile. 

Let’s now look at an equivalent all electric car 

The E-208 all electric from Peugeot. 

The electric cost per mile on this vehicle is worked out at 6.83p

So, 40 miles would cost you approximately £2.73

£5.82 less than the petrol Corsa. 

Also, it’s worth remembering all electric cars have zero road tax, another saving.

Assuming you are covering 10,000 miles a year then you would spend

Petrol - £2,100

Electric – £683

Saving - £1,417 per year - £118 per month towards your lease.

These savings on fuel and road tax certainly go some way towards paying for your monthly leasing cost and if you are able to charge your car mostly for free or from a renewable energy source (solar panels for example) you may even find your leasing costs are covered entirely by fuel savings.  

Contact us today if you’d like any advice on your next lease car - email sales@littlegreencarleasing.com or call 01491 615500