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  "path": "/lifestyle/cars/electric-cars-beating-petrol-vehicles-savings",
  "publishedAt": "2026-03-17T09:54:02.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Insider Car Deals",
    "Electric Vehicles UK",
    "Thousands of drivers face huge new costs for licences and tests with fresh price hike",
    "Chinese cars join Motability scheme as Rachel Reeves axes 'high-end' vehicles from offering",
    "UK's largest car park operator set to 'enter administration' with 1,000 jobs at NCP at risk",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nExperts are arguing that now, more than ever, is the best time to invest in an electric vehicle with clear savings on offer, especially when compared with petrol, diesel and hybrid models.\n\nWhile manufacturers have continued to discount electric vehicles to appeal to motorists looking for a new car, recent research suggests that drivers could save hundreds of pounds when getting a vehicle on finance.\n\n###\n\n\n\n\nAs millions of drivers look to switch to an electric vehicle, experts are highlighting that they could save up to £50 a month with an EV, rather than a petrol or hybrid model.\n\nRecent analysis of the new car market shows the price gap between internal combustion engine vehicles and electric vehicles has shrunk dramatically over the last year.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nPat Hoy, founder of Insider Car Deals, said that too many customers looking to buy a new car assume that electric vehicles will always be the most expensive option.\n\nHowever, the new data proves that the opposite is true, and that electric cars across all vehicle categories can be cheaper for motorists.\n\n\"Once people regularly get to see that EVs can be cheaper to buy, as well as cheaper to run, they will be far more open to really listening to the wider range of arguments for buying an electric car,\" Mr Hoy added.\n\nRegardless of which vehicle drivers want to get behind the wheel of, they are able to make significant monthly savings.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nWhether motorists want to get their hands on a small city car for an urban commute or a large, premium SUV for their families, research shows that savings can be found when switching to electric.\n\nTanya Sinclair, CEO of Electric Vehicles UK, said: \"Drivers often assume electric cars cost more, but the latest pricing data tells a different story.\n\n\"When EVs are already matching or beating petrol cars on monthly payments - and running costs are lower - the economics of switching become very hard to ignore, especially when global events can push petrol prices higher overnight.\"\n\nBased on the latest market data from Insider Car Deals, motorists can make significant savings when getting a monthly PCP car finance term.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Thousands of drivers face huge new costs for licences and tests with fresh price hike\n  * Chinese cars join Motability scheme as Rachel Reeves axes 'high-end' vehicles from offering\n  * UK's largest car park operator set to 'enter administration' with 1,000 jobs at NCP at risk\n\n\n\n### City Cars\n\n\n\n\n###\n\n\n\n\n### Dacia Spring 75kW 24kWh Extreme Auto\n\n\nList Price - £16,990\n\nTarget Price - £12,591\n\nTotal Discount - £4,399 (25.9 per cent)\n\nPCP Monthly - £150\n\n### Kia Picanto 1.0 Pure Auto\n\nList Price - £17,445\n\nTarget Price - £15,813\n\nTotal Discount - £1,632 (9.4 per cent)\n\nPCP Monthly - £200\n\n###\n\n\n\n\n### Small Cars\n\n\n\n\n###\n\n\n\n\n### Peugeot e-208 50kWh 136 GT\n\n\nList Price - £32,300\n\nTarget Price - £22,303\n\nTotal Discount - £9,997 (31 per cent)\n\nPCP Monthly - £267\n\n### Toyota Yaris 1.5 Hybrid 130 GR Sport\n\n\nList Price - £30,045\n\nTarget Price - £27,172\n\nTotal Discount - £2,873 (9.6 per cent)\n\nPCP Monthly - £306\n\n###\n\n\n\n\n### Family Cars\n\n\n\n\n###\n\n\n\n\n### MG4 Premium Extended Range Auto\n\nList Price - £32,995\n\nTarget Price - £27,633\n\nTotal Discount - £5,362 (16.3 per cent)\n\nPCP Monthly - £252\n\n### VW Golf 1.5 eTSI 150 Match DSG\n\nList Price - £31,875\n\nTarget Price - £26,099\n\nTotal Discount - £5,776 (18.1 per cent)\n\nPCP Monthly - £300\n\n### Family SUVs\n\n\n\n\n###\n\n\n\n\n### Volkswagen ID.4 210kW Match Pro 77kWh Auto\n\nList Price - £44,400\n\nTarget Price - £35,650\n\nTotal Discount - £8,750 (19.7 per cent)\n\nPCP Monthly - £362\n\n### VW Tiguan 1.5 eTSI 150 Match DSG\n\n\nList Price - £39,930\n\nTarget Price - £33,044\n\nTotal Discount - £6,886 (17.2 per cent)\n\nPCP Monthly - £375\n\n### Premium SUVs\n\n\n\n\n###\n\n\n\n\n### Audi Q6 e-tron 100kWh Performance 306ps Sport Auto\n\nList Price - £64,065\n\nTarget Price - £53,540\n\nTotal Discount - £10,525 (16.4 per cent)\n\nPCP Monthly - £486\n\n### BMW X3 xDrive 30e M Sport Auto Tech Pack\n\n\nList Price - £61,825\n\nTarget Price - £53,014\n\nTotal Discount - £8,811 (14.3 per cent)\n\nPCP Monthly - £500\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards:The GB News Editorial Charter **",
  "title": "Electric cars 'beating petrol vehicles' with lower monthly costs as drivers make huge savings"
}