Coming to the end of 2021, the UK motorist has seen quite a painful increase in motoring and travel costs whether with a traditional engine or with an electric vehicle.

Unleaded petrol has seen an increase from 1 January 2021 of £1.17 per litre, rising up to a 31st December 2021 figure of £1.47. This equates to in increase of 26% in just one year of motoring.

Domestic electricity has also increased dramatically due to global issues this year. From and average of 15p per kWh in January 2021, up to an average of 20p per kWh at the end of December 2021. This is a substantial increase of 33%, even more than the petrol rise.

So lets use a real world example comparison between a Ford Focus which would attain an average of 40 mpg, against a Kia e-Niro which can achieve 4.2 mi/kWh.

In January 2021, driving 1000 miles in the Ford Focus would have cost £133, and by the end of the year the fuel cost would have risen to £167 (using our Fuel Cost Calculator).

If you are a typical driver, covering 8000 miles in a year, these costs would be £1064 in January rising to £1336 in December. A difference of £272 during the year.

Using the same date range for the Kia e-Niro, a January trip would have cost £36 and the same journey in December would cost £48 (using our Energy Cost Calculator).

A typical EV driver, covering 8000 miles in a year, would have to pay £288 in January rising to £384 in December. A difference of £96 during the year.

Looking at these costs another way, it can be seen that in January 2021 EV travelling was roughly 73% cheaper than comparable ICE engine fuel costs. In December 2021 though, that saving dropped slightly to around 71% cheaper. This of course would vary between different vehicles but should give you a rough idea of the change in fuel and electricity prices.

Published On: January 6th, 2022 / Categories: Cars, Electricity, Fuel, Money /