Financing an electric vehicle – which deal is best?

HP, PCP, lease or subscription? Find out the best way to finance a new electric vehicle

Hand charging an electric car
(Image credit: © Getty images)

The popularity of electric cars is surging. Rising fuel costs, environmental concerns and an influx of new makes and models are spurring more motorists to ditch the petrol pump where prices have been rising for a plug.

Electric vehicles (EVs) accounted for more than one in three registrations throughout March. according to the Society of Motor Manufacturers and Traders (SMMT) – a clear indication of their growing popularity. You may already be a driver of the 712,000 EVs currently on UK roads, according to the RAC.

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Tom Higgins

Tom is a journalist and writer with an interest in sustainability, economic policy and pensions, looking into how personal finances can be used to make a positive impact. He graduated from Goldsmiths, University of London, with a BA in journalism before moving to a financial content agency. 

His work has appeared in titles Investment Week and Money Marketing, as well as social media copy for Reuters and Bloomberg in addition to corporate content for financial giants including Mercer, State Street Global Advisors and the PLSA. He has also written for the  Financial Times Group.

When not working out of the Future’s Cardiff office, Tom can be found exploring the hills and coasts of South Wales but is sometimes east of the border supporting Bristol Rovers.