Average Cost of an Electric Car UK 2024

Electric Car Insurance

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Electric cars are known for being cheaper to run than combustion engine cars (as we discuss here), but how much does an electric car cost to buy? We've gathered data on dozens of popular UK makes and models to find out.

(And if you're curious about charging costs, also read our article on the cost to charge an electric car.)

Purchase Prices of Electric Cars UK

The average cost to buy an electric car in the UK is around £48,000, with EV prices ranging from £14,995 (Dacia Spring Electric) up to £333,000 (Rolls-Royce Spectre), or even more.

Luxury cars such as Tesla, Porsche, Audi, Jaguar and Mercedes (many of which made our list of fastest electric cars) will set you back £72k on average, while a non-luxury EV costs closer to £32k on average. The cheapest models from the cheapest 10 brands cost around £26,000 on average. Prices have come down for EVs in the UK, with more cheap models entering the market in 2024.

Cheap electric car brands

10 Cheapest Electric Car Brands UKCheapest ModelsStarting PriceBattery (kWh)Average Real Range (combined driving) in miles
1Cheapest Dacia EVDacia Spring Electric 45£14,99525100
2Cheapest Citroen EVCitroen e-C3£21,00044165
3Cheapest Renault EVRenault 5 E-Tech 40kWh 95hp£22,00040160
4Cheapest BYD EVBYD DOLPHIN 44.9 kWh Active£26,00044.9160
5Cheapest MG EVMG MG4 EV Standard Range£26,99550.8185
6Cheapest Fiat EVFiat 500e Hatchback 24 kWh£28,19521.385
7Cheapest Nissan EVNissan Leaf£28,99539145
8Cheapest Mini EVMini Cooper Electric E£30,00036.8140
9Cheapest Mazda EVMazda MX-30£31,25030105
10Cheapest Smart EVSmart #1 Pro£31,95047155

Looking for value for money? The following chart plots these cars by starting OTR price and estimated real range. It looks like the Citroen e-63 and the MG MG4 EV Standard Range offer the best range for the price, depending on your budget and range needs:

Chart showing the cheapest EV brands in the UK

Here are some more stats on the cost of electric cars in the UK:

How much does an electric car cost?
Cheapest electric car (Dacia Spring Electric 45)£14,995
Average cost of cheapest models from 10 cheapest brands£26,138
Non-luxury electric cars£32,000
All UK electric cars£48,000
Luxury electric cars£72,000
Most expensive electric car (Rolls-Royce Spectre)£330,000
chart showing the average purchase price of an EV in the UK

Insuring an Electric Car

As you've probably heard in the news lately, the cost of EV insurance is more than people might expect, because it is more expensive to insure an electric car than an internal combustion engine (ICE) car. Why? Lots of factors, including a shortage of mechanics qualified to work on EVs and the high cost of battery replacement.

Even the companies we discuss is our page on cheap car insurance might charge more for EVs, although they can generally be a good place to start. Also check out our piece discussing electric car insurance companies.

Methodology

We gathered data from the EV Database on battery capacities, starting OTR prices and ranges to learn more about the cost of EVs in the UK. Here are the cars we used in the study, which we grouped by luxury, cheap and other non-luxury cars (note, to pick the "cheapest" cars we compared the cheapest car from each EV make):

Luxury Electric Vehicles UK

  • Porsche Taycan Turbo S
  • Porsche Taycan Turbo
  • Porsche Taycan 4S Plus
  • Porsche Taycan 4S
  • Audi Q8 e-tron Sportback 55 quattro
  • Audi Q8 e-tron 55 quattro
  • Mercedes EQS 450+
  • Audi Q8 e-tron 50 quattro
  • Jaguar I-Pace EV400
  • BMW iX
  • BMW i5
  • BMW i4 eDrive40
  • Tesla Model 3 Performance
  • Tesla Model Y Long Range
  • Tesla Model 3 Long Range
  • Tesla Model 3 Standard Range

Cheapest Electric Vehicles from the 10 Cheapest EV Brands UK

  • Dacia Spring Electric 45
  • Citroen e-C3
  • Renault 5 E-Tech 40kWh 95hp
  • BYD DOLPHIN 44.9 kWh Active
  • MG MG4 EV Standard Range
  • Fiat 500e Hatchback 24 kWh
  • Nissan Leaf
  • Mini Cooper Electric E
  • Mazda MX-30
  • Smart #1 Pro

Other Popular Non-Luxury Electric Vehicles UK

  • Kia EV6
  • Volkswagen ID.7 Pro
  • KIA EV9 RWD
  • Skoda Enyaq
  • Citroen e-C4
  • Volvo EX30
  • Hyundai Kona Electric

Supporting Data

Note about the data below: To calculate the cost to fully charge a car, we therefore multiplied the usable battery capacity of a car by the unit cost of electricity. We used two different electricity prices for home charging: 1) the current Energy Price Cap of 24.5p/kWh and 2) an Octopus EV tariff through which you can charge an EV at night for 7.5p/kWh. Cars charged at expensive fast-charge public stations can cost multiples of these figures to charge.

Electric Car Purchase and Charging CostsReal Range (miles)Battery (kWh)Est Cost of Full Charge (EPC)Est Cost per Mile (EPC)Est Cost of Full Charge (EV tariff)Est Cost per Mile (EV tariff)Starting price (£)
Porsche Taycan Plus35097£23.8£0.068£7.3£0.021£90,954
Kia EV625574£18.1£0.071£5.6£0.022£45,245
Mercedes EQS 450+425118£28.9£0.068£8.9£0.021£112,610
MG 4 EV Standard Range18550.8£12.4£0.067£3.8£0.021£26,995
Tesla Model 3 Performance29075£18.4£0.063£5.6£0.019£59,990
Tesla Model Y Long Range26075£18.4£0.071£5.6£0.022£59,990
Tesla Model 3 Standard Range26057.5£14.1£0.054£4.3£0.017£39,990
Volkswagen ID.7 Pro29577£18.9£0.064£5.8£0.020£55,570
KIA EV9 RWD28096£23.5£0.084£7.2£0.026£64,995
Skoda Enyaq21058£14.2£0.068£4.4£0.021£38,970
BMW iX24064.7£15.9£0.066£4.9£0.020£45,465
Fiat 500 Electric8521.3£5.2£0.061£1.6£0.019£28,195
BMW i528581.2£19.9£0.070£6.1£0.021£69,946
Citroen e-C418046.3£11.3£0.063£3.5£0.019£31,995
BYD Dolphin 60.4 kWh21060.5£14.8£0.071£4.5£0.022£30,195
BMW i4 eDrive4032081.1£19.9£0.062£6.1£0.019£58,000
Volvo EX3017049£12.0£0.071£3.7£0.022£33,795
Hyundai Kona Electric18048.4£11.9£0.066£3.6£0.020£34,995
Dacia Spring Electric 4510025£6.1£0.061£1.9£0.019£14,995
Citroen e-C316544£10.8£0.065£3.3£0.020£21,000

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