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Electric vs Petrol vs Diesel 
@ January 2024 Prices
Annual Energy Costs only Example Comparison:
Annual Mileage of 7000 *

 

Electric 
No Home Charger 

Electric cost using Public Rapid Charging ONLY @ £0.79 per kWh
Efficiency 3.5 Miles per kWh
7000/3.5 = 2000 (kWh) x £0.79 /kWh  = Total Cost £1589 

Petrol   @ £1.41 per litre (Shell Price 04/01/2024)      
Effic
iency 7.1 Miles per litre 
7000/7.1 = 985.91 (Litres) x £1.41 = Total Cost £1390.14

Diesel   @ £1.48 per litre       
Efficiency 20.0 Miles per litre
 (super duper highly efficient cdi) 
7000/20.0 = 350 (Li
tres) x £1.48 = Total Cost £ 518 
Redex AdBlue 10 litres  £16.99
£518 + £16.99 =
£534.99


Electric 
With Home Charging 75% + Public Rapid Charging 25%

Electric With Ohme Home Charger  & OVO Energy Charge Anytime
 

Electric Home Charging 1500 kWh @ 7p/kWh 
Home electricity cost 
(75% of your total or 5250 Miles)
1500 kWh x 7p/kWh = £
105 

Electric Public Rapid Charging 500 kWh (25% of your total or 1750 Miles )@ £0.79 per kWh 500 kWh x £0.79 = £395 

Total £105  + £395= £500  

Summary:

Electric Vehicle Charged by Public Rapid Charging only is the most expensive, followed by Petrol with Diesel next and finally Electric with Home Charging 75% of the time and Public Rapid Charging 25% of the time  being the Cheapest in this example.

If you Charged at Home only and never used Public Rapid Charging the Cost for 7000 Miles would be:

2000 kWh x 7p/kWh OVO = £140 * 

However your Range would limited to the Maximum of your Vehicle after 1 Charge to 100% Capacity.

*In Year 1 you would also need to pay for your home charger to be installed at a Cost of around £1000.

You will also be paying a standing Charge of around 55p per day for Home electricity.

*7000 Miles is around the Average UK mileage driven in 2023.  

You don't have to be average, you just be you and adjust the figures accordingly. 

Find out more 

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