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Vertu Motors Plc

You Could Save £41,000 By Switching To An EV

Electric cars are the future of the car industry and, according to EDF Energy, they will keep the pennies in your bank account! Great news for all of you Road Rover drivers’ out there!

It is estimated that by as early as 2024, the price of electric cars will plummet, making them as affordable as petrol and diesel cars.

But it isn’t just the price of the vehicles that will increase savings. It is estimated that in a driver’s lifetime they will spend up to £56,000 just on fuel alone, compared to the average charging cost of an electric vehicle being only £15,000, saving an astonishing £41,000!

Vertu Motors Plc (LON:VTU) operates as an automotive retailer in the United Kingdom. The company sells new cars, motorcycles, commercial vehicles, and used vehicles, as well as provides related aftersales services. It operates a chain of franchised motor dealerships including Farnell.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.