How An Electric Car Can Support A Frugal Lifestyle

The cost of living is soaring and shows no signs of coming back down, which has left people searching for ways to live frugally. In some cases, this means switching out the fuel-guzzling car for an electric alternative. There are many reasons why people choose an electric car including less maintenance, minimum fuel costs, more access to city centres, and support from government grants and schemes. Choosing to go electric can be a scary prospect, especially when all we’ve known is petrol and diesel. Therefore, to help put you at ease, we’ve put together a short guide explaining why an electric vehicle will complement your frugal lifestyle.

Access EV Driving Lanes

Many cities are rewarding owners of electric vehicles (EVs) by allowing them access to dedicated lanes, which typically coincide with bus lanes. This means you can whiz by all of the traffic while saving time and money – what more could you want?

Shooting past traffic in your EV is great, but while it will make you more productive, it will also drain the battery sooner. Fortunately, to help you get back on track, cities like Milton Keynes have installed over 15,000 electric car charging points that can be used free of charge. This is great because it means you can go about your business, and you don’t need to pay for fuel.

Low Fuel Costs

We all know the cost of living is rising, and the average car costing £100 to fill up is proof of that. Unfortunately, the extortionate cost of petrol and diesel is leading some families to ditch their cars altogether, which can add stress to their weekly routines.

Fortunately, investing in an EV can help manage the soaring cost of fuel, with charging an electric car being considerably cheaper. You can find out more about this by reading LV’s information on charging. Then, while you’re there, you can take the short ElectriX EV eligibility quiz and find the perfect electric car lease, which will help you cut immediate costs even further.

No Congestion Charges

Large cities like London and Birmingham charge drivers to use roads in the city centre, which was introduced to decrease congestion. Fortunately, EV drivers can avoid paying the charge because cities are aiming to reduce their carbon footprint.

Government Grants

The government is moving towards a greener way of life in the UK, which is why they’ve devised several grants and support schemes to encourage the use of EVs; every new EV driver is another step forward to net zero. You will find the following help if you invest in an EV car:

  • ChargePoint provides residential charging stations for on-street parking.
  • Support for charging stations at various workplaces.
  • Homecharge scheme to support the installation of charging points.

Low Maintenance

We’ve already established that fuel costs for traditional cars are extortionate right now, which only adds to the cost of securing road tax, insurance, and carrying out regular maintenance tasks. Unfortunately, when you add everything together over a car’s lifetime, you will have paid out more than the car’s initial value, which is a sad state of affairs. Fortunately, with an EV, you can shave off the maintenance struggles because the parts are all hi-tech and there are fewer of them. Further, they only need to be maintained sporadically, to the point that Tesla scrapped their mandated maintenance program.

Reduced Noise

When you fire up a car engine and it roars into action, it gets pretty loud inside, which can be a pain when mixed with the sound of bickering children in the back seats. If you invest in an EV, all you need to worry about is the sound coming from your family because the engine is almost silent. Further, if everyone started to drive EVs, there would be much less noise pollution in rural areas.

Environmentally Friendly

We’ve already mentioned that global governments are becoming increasingly proactive in protecting the environment and are under mounting scrutiny from the general public and climate change advocates. Part of their goal is to reduce carbon emissions to net zero by 2050, which may sound like an impossible feat, but you can help by using an EV because there are no harmful emissions released.

Higher Resale Value

If the UK’s government’s promise is anything to go by, new petrol and diesel cars will be banned from showrooms by 2030. This means that the supply of EVs will rise, which will increase the cost of buying them. Therefore, you should make the most of the cheaper resale window while you can, as many people are selling second-hand EVs at reasonable rates.

The cost of living is continuing to rise, which means a frugal lifestyle is the best way to survive. Investing in an electric vehicle will help you stick to your routine and keep outgoings lower.

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