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  "path": "/lifestyle/cars/drivers-save-money-electric-cars-cheaper-petrol-diesel-hybrid",
  "publishedAt": "2026-05-07T11:57:27.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Iran war prompts calls for motorway speed limit cut and more 20mph roads in 'dual win' for Labour",
    "Car finance compensation scheme prompts major review as millions of drivers prepare for £829 payout",
    "Drivers face traffic chaos as 'police-led incident' closes crucial road 'until at least late afternoon'",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nMotorists across the UK can now spend less on a monthly lease for an electric car than they can on a petrol vehicle, in a major milestone for EV prices.\n\nNew data shows that the average leased electric car with Octopus Electric Vehicles could see drivers save £40 a month compared to an equivalent petrol model.\n\n###\n\n\n\n\nThe median monthly lease price for an electric car has fallen to £369, while those opting for petrol vehicles will continue to pay £409 on average.\n\nWith these savings, drivers opting for electric cars could save more than £1,600 over the course of their lease on monthly payments.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nThese savings only take into account the monthly lease prices and do not include lower running costs, home charging discounts, or the soaring cost of fuel.\n\nDrivers can make further savings when investing in electric vehicles, especially if they consider particular popular models for leasing.\n\nA monthly lease for the Dacia Spring costs just £199, while the similar petrol or hybrid equivalent, the Dacia Sandero, costs £225 a month, saving them £1,248.\n\nEven the electric Vauxhall Frontera can help drivers save £1,152 over a standard 48-month lease contract, when compared to the Frontera Hybrid.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nVauxhall became one of the first major car brands to ensure all of its electric vehicle prices were at price parity with its hybrid and internal combustion engine variants.\n\nSimilarly, the Citroen e-C3 is available for £279 a month, while the regular C3 model would cost drivers almost £300 over the same time period.\n\nGurjeet Grewal, CEO of Octopus Electric Vehicles, described the data as a milestone announcement for drivers interested in switching to EVs.\n\nHe said: \"This is a real line-in-the-sand moment for drivers. For years, people assumed EVs were the expensive option - but the market has changed dramatically.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Iran war prompts calls for motorway speed limit cut and more 20mph roads in 'dual win' for Labour\n  * Car finance compensation scheme prompts major review as millions of drivers prepare for £829 payout\n  * Drivers face traffic chaos as 'police-led incident' closes crucial road 'until at least late afternoon'\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n\"Today, many electric cars are cheaper to lease than petrol, diesel or hybrid alternatives.\n\n\"And when you add lower charging and maintenance costs, the savings become even clearer.\"\n\nMr Grewal also noted the substantial savings on offer as tensions in the Middle East continue to have a huge impact on petrol and diesel prices.\n\nFresh data from RAC Fuel Watch shows that drivers are paying more as prices continue to rise, despite optimism that costs had been falling since their peak in mid-April.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nIt comes as research from the Department for Transport shows that there are more than two million electric vehicles on the road across the country.\n\nThese levels are expected to soar over the coming years as drivers ditch petrol and diesel vehicles, and prices of EVs continue to fall, making them more attractive to those hesitant to transition.\n\nMore than 100,000 electric vehicles have been purchased through the Government's Electric Car Grant, which includes around 50 models available for a discount.\n\nDrivers can save up to £3,750 off the price of a new electric car with a list price of £37,000 or less.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "Drivers urged to save thousands of pounds with electric cars - 'Cheaper than petrol, diesel or hybrid'"
}