In the UK, electric vehicle registrations have increased dramatically over the past few years.
In 2016 they had a market share of just 3.3 per cent and now they have a 5.5 per cent stake according to statistics revealed by SMMT.
This, combined with the introductions of scrappage schemes by car manufacturers, forthcoming toxin taxes and announcement of a ban on petrol and diesel cars in the UK, is only going to see their market segment soar.
One problem with electric cars is the overall cost as, for the money, they are not currently as good value as petrol or diesel.
However, due to being zero-emissions drivers can pay no tax on their car and don’t have to pay as much to refuel them.
Automotive data experts hpi has compiled a list of the electric vehicles with the lowest motoring costs.
The data analysis looks at the total cost of ownership including servicing, fuel and other motoring costs and when all of them are taken into account, which vehicles cost the least to run.
Their data looks specifically at used EVs for motorists looking to switch form their petrol and diesel and is based on 2015/15 plate and 20,000 miles.
Which EVs perform the best?
The Citroen C Zero Hatchback boasts the lowest total cost of ownership at £18,319 (£508.86 per month) making it the best value used electric vehicle currently on the market.
Hot on its heels, however, is the Peugeot Ion Hatchback with a TCO of £18,489 (£513.58 per month).
Next is the Volkswagen Up Hatchback with a TCO of £19,080 (£530 per month) followed by the Hyundai Ioniq Hatchback with a TCO of £20,632 (£573.11 per month) and the Renault Zoe Hatchback with a TCO of £20,817 (£578.25 per month).
The Tesla Model S Hatchback and Model X Hatchback have a TCO of £43,027 and £53,279 (£1195.19 and £1492.47 per month) respectively.
Chris Plumb, Black Book editor at cap hpi, said: “Over 60,000 new AFVs have joined Britain’s roads so far this year.
“The overall used market for electric vehicles has seen gains with residual values increasing by 7 percent this year.”
“As consumer interest in electric vehicles continues to soar now could be a good time to consider switching to a used EV.
“The market for alternatively fuelled vehicles (AFVs) saw a record market share of 4.4% in June with more than 10,700 hitting the roads, a rise of 29.0%.
“EVs and plug-in hybrids can provide a good balance between range and efficiency plus the economic benefits for motorists can be enormous, offering big savings on fuel and tax costs as well as much lower maintenance costs.”