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Saturday, January 18, 2025

Budget-Friendly Electric Vehicles Under £200 Unveiled in the UK

  • The Electric Car Scheme has announced some of the most cost-effective electric vehicles (EVs) available through salary sacrifice.
  • You can now lease the Nissan LEAF and Dacia Spring for less than £200 a month, while the much-loved Tesla Model 3 starts at only £303.

The Electric Car Scheme is showcasing some of the UK’s most affordable EVs, as the prices of electric cars have significantly reduced, thanks to the introduction of new models and the expanding used market.

Affordability is still the biggest obstacle for consumers, with 68% of Britons citing it as their primary concern, outranking issues like running costs, reliability, and range anxiety.

In light of this, drivers will be pleased to hear that, this September, a range of EVs are available for less than £200 a month, coinciding with the return of the 2030 EV deadline.

Below £200 a Month

With a budget of £200 per month, you might expect to cover the cost of a family day out, or, if you’re after an EV, this could lease you a new Dacia Spring from just £153 a month under a salary sacrifice scheme, leaving room to spare for charging.

Alternatively, a used Nissan LEAF Hatchback can be leased from just £195 per month, while a new version would cost approximately £260. The used car market has been a popular choice for customers of The Electric Car Scheme, with nearly half of their sales now coming from pre-owned vehicles.

Under £250 a Month

If you’re looking for more variety while still keeping costs down, salary sacrifice offers a wide selection of EVs under £250 a month. One example from the new car market is the BYD Dolphin, available from just £214 a month, as more affordable Chinese EVs enter the UK.

In the used EV market, there are even more options, including the Renault ZOE Hatchback from £215 a month, the Hyundai IONIQ Electric Hatchback for £223, and the Vauxhall Mokka-e electric Hatchback for £236.

Under £300 a Month

Many people spend more on rail season tickets, particularly those commuting into London, than what it would cost to lease four different EVs from The Electric Car Scheme. These include the Nissan LEAF, Mini Cooper, MG 4, and MG ZS.

The used market offers even more flexibility, and you could lease one of the UK’s favourite EVs, the Tesla Model 3, for just £303 a month.

Thom Groot, CEO and Co-Founder of The Electric Car Scheme, commented: “There are some fantastic deals out there for EVs at the moment, and they are only becoming more affordable as more entry level models become available and the used EV market matures. These prices make EVs accessible to a far wider section of society and income levels, something that will be key in reaching the 2030 deadline.

“We know that the main concern for drivers is affordability, which was the biggest barrier for 68% of Brits, way out in front of any concerns around range, reliability or resale value. This is why we started The Electric Car Scheme, to make EVs more affordable and help increase uptake ahead of the coming phase-out of traditional cars.”

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