With the UK government announcing a ban on the sale of all petrol and diesel cars by 2030, new research by utility EDF has revealed the average British motorist could stand to save over £57,000 ($76,000) on fuel by switching to an electric vehicle.
The study found the average British motorist will spend over £63,000 ($84,200) on fuel in a lifetime. With the average lifetime cost of charging an electric vehicle coming in at just over £6,000 ($8,000), motorists stand to make significant savings by going electric in the near future.
The ban on the sale of petrol/diesel cars is expected to be brought forward as part of the Prime Minister’s 10-point plan to drive a green recovery and help the UK to reach net-zero emissions.
The phasing out of fossil fuel vehicles will be vital if the nation is to reach its target by 2050, with additional research by EDF finding the collective ‘carbon footprint’ of petrol and diesel cars on the UK roads is fourteen times what it would be if all those vehicles were to switch to electric by 2030.
The 32.4 million petrol and diesel cars on UK roads will emit around 69.5 million tonnes of carbon dioxide per year, when driven an average of 7,600 miles. By comparison, the same number of electric cars would add less than 5 million tonnes of CO2 to the environment by 2030.
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Philippe Commaret, managing director for customers at EDF added: “EDF support bringing forward the ban on petrol and diesel vehicles to reach our net-zero target. As long as we continue to make progress in decarbonising our power generation through renewables and new nuclear, encourage smart charging, and provide the right investment in electric vehicle charging infrastructure, then we believe that bringing the date of the ban forward to 2030 is feasible.
“Whilst the upfront cost of new electric vehicles may seem high to businesses, making the switch stands to deliver significant savings on fuel and put companies at a competitive advantage. The environmental benefits that could be achieved if businesses all switched their fleets to electric vehicles over the next ten years are astonishing – now is the time for businesses to consider going electric.”
To make the transition to electric vehicles hassle-free, EDF offers its GoElectric 35 tariff. The 100% zero-carbon renewable tariff offers 35 hours of off-peak energy per week at just 4.5p/kWh (5 hours off-peak between 12-5am daily). What’s more, with the EDF GoElectric+Charge tariff customers can reduce the upfront cost of buying or leasing an electric vehicle by spreading the cost of buying and installing a Pod Point Smart Home Charger over the term of their contract.