EVs more competitive than ever

Electric vehicles are more cost competitive than ever

2 min to readTotal cost of ownership
Ayvens has just released the seventh edition of the Car Cost Index, which revealed that electric cars (EVs) are more cost competitive than ever before. The Car Cost Index analyses the total cost of owning and operation a car (TCO).
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This year's Car Cost Index reveals that EVs in nearly every segment and European country are now the same price or cheaper on a TCO (total cost of ownership) basis than petrol or diesel cars, despite rising prices for fuel and electricity. In the seventh edition

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Key findings from this year's index: Despite energy price inflation, fuel costs remain significantly lower for electric cars than petrol and diesel cars: fuel costs represent 15% of the total cost of ownership of an EV, while this is 23% and 28% for petrol and diesel drivers

EVs are the best way to protect drivers from skyrocketing fuels costs. Unfortunately, governments are pulling the plug far too early on EV incentives, even in countries with ambitious zero-emission targets. This ‘ban without a plan’ attitude will have disastrous consequences for the fight against climate change. We need consistent, long-term policies that will ensure going EV is the common sense choice for all drivers.

Ayvens has committed itself to achieving net zero tailpipe emissions from its funded fleet by 2030. Ayvens is also a founding partner of The Climate Group’s EV100 initiative, launched around the UN General Assembly in September 2017.

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Notes on the index:

Published at December 13, 2022

December 13, 2022
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