THE Citroen C Zero has the lowest total cost of ownership among electric vehicles, according to Cap HPI.
The automotive data experts’ analysis of used EVs over a three-year period or 30,000 miles found the French manufacturer’s hatchback, pictured, came out at £18,319 (£508.86 per month) once servicing, fuel and other motoring costs were taken into account, making it the best-value used electric vehicle currently on the market, it said.
Hot on the Zero’s heels for motorists thinking of making a switch to an alternative fuel type from petrol or diesel was the Peugeot Ion with a total cost of ownership (TCO) of £18,489 (£513.58 per month).
Next was the Volkswagen Up with a TCO of £19,080 (£530 per month) followed by the Hyundai Ioniq with a TCO of £20,632 (£573.11 per month) and the Renault Zoe with a TCO of £20,817 (£578.25 per month).
The Tesla Model S and Model X had TCOs of £43,027 and £53,279 (£1,195.19 and £1,492.47 per month) respectively.
Chris Plumb, Black Book editor at Cap HPI, said: ‘Over 60,000 new alternatively fuelled vehicles have joined Britain’s roads so far this year. The overall used market for electric vehicles has seen gains, with residual values increasing by seven per cent this year.
‘As consumer interest in electric vehicles continues to soar, now could be a good time to consider switching to a used EV. The market for alternatively fuelled vehicles saw a record market share of 4.4 per cent in June, with more than 10,700 hitting the roads – a rise of 29 per cent.
‘EVs and plug-in hybrids can provide a good balance between range and efficiency plus the economic benefits for motorists can be enormous, offering big savings on fuel and tax costs as well as much lower maintenance costs.’
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