ELECTRIC AND ELECTRIC HYBRID COST SAVINGS
COUNTING THE BENEFITS OF GOING GREENER
Potential tax incentives, no charges relating to congestion and emissions zones in many cities, and less to no time at the fuel pumps. These are just some of the ways electric and electric hybrid vehicles can save you money every day.
SAVE UP TO TWO THIRDS IN FUEL COSTS
Compared to petrol and diesel, plugging your electric car in at home is the most cost‑effective way to use your car every day. Electricity from a home charger can reduce your fuel costs by as much as two thirds, especially if you switch to an off-peak electricity tariff.
EV ELECTRICITY TARIFFS
Charging overnight at home can be the most convenient way of charging your EV, thanks to off-peak electricity tariffs designed for EV owners. We recommend1 Octopus Energy, which allows you to charge your EV for less using their one hundred percent renewable off-peak electricity tariff.2
FROM 5% BENEFIT IN KIND (BIK) TAX FOR COMPANY CARS
Under the UK government’s emissions-based company car mandate, Land Rover electric hybrid owners will pay from 5% in monthly BIK tax for the financial year 2021/22*.
KEEP EXPLORING ELECTRIC AND ELECTRIC HYBRID
BIK tax reduction mandate from 5% correct at 09/09/22. Subject to government qualifications and revisions.
1Octopus Energy have been awarded Which? Recommended Provider for six years in a row (as of 2023) and are rated 5 stars for customer service from 150,000+ Trustpilot reviews.
2Schedule EV charging to off-peak period 00:30-04:30 to benefit from low price. Terms and Conditions and eligibility requirements apply. Subject to availability.
*EV chargepoint grant of £350 correct at September 2022. Subject to government qualifications and revisions.