Electric Vehicles: Costs

Department for Transport written question – answered at on 14 March 2022.

Alert me about debates like this

Photo of Rachael Maskell Rachael Maskell Labour/Co-operative, York Central

To ask the Secretary of State for Transport, what steps he is taking to make electric vehicles more affordable in the context of the rising cost of fuel.

Photo of Trudy Harrison Trudy Harrison Parliamentary Under-Secretary (Department for Transport)

The government has committed £2.5 billion to offset the higher upfront costs of electric vehicles and funding to accelerate the rollout of the charging infrastructure. There are also tax benefits in place such as zero road tax, and company car tax rates, which can save drivers over £2,000 a year. Once fuel costs and tax incentives are factored in, we expect the total cost of ownership to reach parity during the 2020s, compared to petrol and diesel cars. An electric vehicle can be driven for a little as 1p per mile if consumers charge their cars off peak on an EV-tariff.

We expect the increasing uptake of zero emission vehicles to lead to the development of the second-hand market, which will increase the accessibility of electric vehicles to those on lower incomes and ensure an equitable transition.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.