A post submitted by CGI member Morgan.

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https://www.dailymail.co.uk/money/electriccars/article-15584799/Would-you-REALLY-save-money-switching-electric-car.html?ico=mol_desktop_home

It's a debate that rages on: could you really save money by switching to an electric vehicle?

While EV converts are prone to lauding the cost–saving benefits of their 'green' cars, refusers sticking by their petrol and diesel motors argue that any financial reward of making the switch – if any – is outweighed by the lack of charging practicality and range anxiety.

But with all the finances laid out on the table, which option is genuinely the cheapest right now?

Motoring magazine Auto Express has been crunching the numbers to reveal the truth – and shared its findings exclusively with Daily Mail and This is Money.

Using five examples of popular cars where there is a petrol and EV equivalent, it has looked at the total three–year ownership costs, including everything from 'refuelling' to purchase price, maintenance, and tax.

And it has found that while electricity can be up to 70 per cent cheaper than petrol as a fuel, steep purchase prices, painful depreciation and higher insurance bills is wiping out the savings of making the transition to EVs.

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Not to mention the ridiculous registration fees, and have fun when you need a new battery. Oh, and how many are considered totalled after a minor accident? And you can really have some fun when the battery explodes and you can't get out. I will NEVER get into one of those things. Being burnt at the stake in the past life once was enough, thank you.