With fuel prices fluctuating and electric vehicles (EVs) becoming more popular across London, one key question remains: is driving an EV actually cheaper than petrol?

The short answer: Yes — in most cases, EVs are significantly cheaper to run in London.
But the full picture depends on charging method, driving habits, and upfront costs. Let’s break it down.

Cost of Charging an EV in London

Charging costs vary depending on your energy tariff and where you charge.

Home Charging (Cheapest Option)

• Standard tariff: £0.25 – £0.35 per kWh
• Off-peak (overnight) tariff: ~7p per kWh
• Cost per mile: ~2p – 10p

Many UK energy providers offer off-peak or overnight tariffs, allowing EV owners to charge at significantly reduced rates during night hours. This is where the biggest savings come from—not just the charger itself, but when you charge.

 Public Charging (More Expensive)

• Average cost: £0.50 – £0.80 per kWh
• Cost per mile: ~15p – 25p

Fast chargers in central London are convenient but come at a premium.

 Cost of Petrol in London

• Average petrol price: £1.45 – £1.60 per litre
• Average cost per mile: ~17p – 22p

This means petrol vehicles are consistently more expensive per mile, especially in stop-start city traffic.

 EV vs Petrol: Monthly Cost Comparison

 EVs are currently exempt from the London Congestion Charge (subject to TfL updates).

 Maintenance: EVs Save More Long-Term

Electric vehicles have:

• Fewer moving parts
• No oil changes
• Less brake wear (due to regenerative braking)

This results in lower servicing costs over time, adding to overall savings.

 Why Home Charging Makes EVs Even Cheaper

Installing a dedicated EV charger at home is the biggest money-saver.

With London EV Chargers, you can:

• Charge overnight at cheaper rates
• Avoid expensive public charging
• Increase property value

 Over a year, home charging can save hundreds of pounds compared to petrol.

 Additional Savings for EV Owners in London

EV drivers also benefit from:

• No Congestion Charge (currently)
• Lower emissions charges
• Free or discounted parking in some boroughs

These perks make EV ownership even more cost-effective in the capital.

 When EV Might Not Be Cheaper

There are a few exceptions:

• If you rely only on rapid public chargers
• High upfront cost of EV purchase
• Lack of access to home charging

However, even in these cases, long-term savings often outweigh the initial investment.

 Final Verdict: Is EV Cheaper Than Petrol?

 Yes — EVs are cheaper than petrol in London, especially if you charge at home.

• Lower cost per mile
• Reduced maintenance
• Extra savings from exemptions and incentives

As fuel prices rise and EV technology improves, the cost gap will only continue to widen.

 Thinking About Switching to Electric?

At London EV Chargers, we specialise in:

• Home EV charger installations
• Commercial charging solutions
• Expert guidance on the best setup for your property

 Get in touch today and start saving on every mile you drive.