Our analysis finds that:
- Electric passenger cars currently cost €4k to €5k more to their owners than an equivalent fossil fuel car over the vehicle’s lifetime…
- … but because of greater travel distances, an electric delivery van costs €4k less to owners over its lifetime than a similar fossil-fuel van.
- Societal costs for electric cars and vans range from €7k to €12k more than fossil fuelled equivalents.
- The costs of reducing CO2 emissions by promoting electric cars, even with low carbon electricity, remain high.
- In those cases where electric cars already compare favourably to fossil-fuelled vehicles, subsidies may be superfluous.
