The Electric Car Scheme has identified July 15 as the crossover day when a petrol driver spends more on fuel than an electric driver does for an entire year.
This milestone was discovered by analysing the annual fuel costs for the average UK driver travelling 7,400 miles annually. For petrol drivers, this cost is estimated at £1,268, while for electric car drivers, it is approximately £680.
According to the salary sacrifice leasing broker, a petrol driver will have spent more on fuel by mid-July than an electric vehicle (EV) driver will all year.
This can vary based on the model of EV and charging times. For instance, with a Tesla Model Y Long Range charged on an off-peak tariff, this point could be reached as early as March 10.
The equivalent day for carbon emissions is March 5, when a petrol car will have produced more carbon emissions than an electric car will in an entire year of driving and power consumption.
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