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Buy a car in London - Fully Electric, Hybrid Plug-in (HEV), Hybrid, or Petrol ?



With fully electric you don't need to pay road tax (exempted because of zero omission) but people say cost of it is more expensive at first plus cost of installing home EV charging point (comes at around £1K from Halfords - although some car retailers offers free installation as part of new car purchase plus home charger is optional). 

With Hybrid types - i feel it's coming more popular but still need to pay some portion of road tax i believe depending on omission levels. 

With petrols, might be cheaper to buy initially and lots more options - trade off is some people say might be more expensive in the long run due to rising costs of petrol fuel.

 So in your opinions - which is cost effective overall would you's say?
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Comments

  • Road tax, same as petrol on ev's from april 2025
  • Mark_d
    Mark_d Posts: 2,023 Forumite
    1,000 Posts First Anniversary Name Dropper
    I would go for a plug-in hybrid
  • Road tax, same as petrol on ev's from april 2025
    omg just learned that
  • Mark_d said:
    I would go for a plug-in hybrid
    why? any particular good reason? is it for cost or purely just preference ?
  • Hoenir
    Hoenir Posts: 6,183 Forumite
    1,000 Posts First Anniversary Name Dropper
    What type of journeys are you planning to use the vehicle for? 
  • Hoenir said:
    What type of journeys are you planning to use the vehicle for? 
    short city journeys
  • born_again
    born_again Posts: 18,857 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Can you charge at home?
    Life in the slow lane
  • SiliconChip
    SiliconChip Posts: 1,739 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 27 August 2024 at 4:48PM
    Hoenir said:
    What type of journeys are you planning to use the vehicle for? 
    short city journeys

    Then it's very likely that the optimum solution is no car at all, and use public transport, taxis or walk/cycle for your journeys. I lived in London for a while 30 years and sold my car in the first few weeks after I got there and never missed it.
  • Goudy
    Goudy Posts: 2,010 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    edited 28 August 2024 at 6:28AM
    Hoenir said:
    What type of journeys are you planning to use the vehicle for? 
    short city journeys
    An EV if you can charge it cheap enough (home charger) would work out cheapest, but you would need to work out if the cheaper mileage costs even out against the increased cost of an EV and the home charger.

    Short city trips don't rack up many miles, so the calculation would need to be over a good few years before it started to pay off 

    Used EVs are becoming quite cheap, so that will help if you went down that route.

    Full hybrids do well in the city for mpg. If you can't home charge it's a option worth considering, but again the extra cost of a hybrid Vs fuel cost needs careful consideration.

    Low mileage with a straight petrol and fuel costs aren't really that much of an issue unless you are thinking of a supercharged Range Rover. It's just down to the cost to buy.

    It shouldn't be too hard to run some cost figures for a few different cars over your mileage to see which might be better.

    As mentioned, from next year VED is pretty much the same whatever it is.



  • Ectophile
    Ectophile Posts: 7,826 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    For short journeys around town, you may be surprised how much more pleasant less unpleasant it is to drive an EV.  Especially if you're used to driving a manual.  No gear changes, no turbo lag, no being in the wrong gear by mistake.  And every time you're forced to slow down, you can be smug as regenerative braking puts a little charge back into the battery.

    Chargers are about £1K.  Mine was fitted by a local electrician.  I couldn't really recommend an EV at the moment to someone who doesn't have anywhere to put a charger.

    If you're ever thinking of doing longer journeys, do a bit of research before deciding what model to buy.  What's its range?  How fast can it charge?  Does it have the right charging socket?
    If it sticks, force it.
    If it breaks, well it wasn't working right anyway.
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