Study: Electric vehicles 33 per cent cheaper to run than petrol and diesel cars

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

New report shows falling battery costs and high fuel prices are widening the economic advantage of EVs for drivers in Europe

Running an electric vehicle (EV) was 33 per cent cheaper than operating a petrol or diesel car in Europe last year, according to new analysis published this week by think tank the International Council...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

The EV transition is accelerating - now we must ensure that everyone can live electric

The EV transition is accelerating - now we must ensure that everyone can live electric

The case for electrification has never been clearer, but the transition will only be a success if it’s fair and accessible for all, writes Pod CEO Melanie Lane

Melanie Lane, Pod
clock 01 October 2026 • 5 min read
Study: Record diesel prices mean EVs now 50 per cent cheaper to run

Study: Record diesel prices mean EVs now 50 per cent cheaper to run

'Sky high' diesel prices across Europe and the UK drive calls for policymakers to harness electrification to escape rising costs

Stuart Stone
clock 30 September 2026 • 5 min read
'Tanking sensible mile per gallon standards': Trump administration reverses US fuel efficiency rules

'Tanking sensible mile per gallon standards': Trump administration reverses US fuel efficiency rules

Environmental groups condemn 'Freedom Means Affordable Cars' initiative, as Trump continues climate policy rollback

Stuart Stone
clock 29 September 2026 • 4 min read