How Much Do Electric Cars Cost?

The cost of Electric cars in the UK is starting to come down, but EVs are still expensive compared to petrol cars. 

To work out how much electric cars cost in 2024, we’ve analysed the list prices of over 80 electric vehicles available in the UK in 2024. This deep dive offers potential EV buyers a clear view of the market, highlighting the range of options available across different price points. 

From affordable models that are making electric driving more accessible to luxury electric vehicles that offer cutting-edge technology and performance, we have compared the cost of the UK’s most popular electric cars to help you make your buying decision.

How Much Do Electric Cars Cost in 2024?

The cost of electric cars in the UK varies widely, ranging from budget-friendly options to luxury models. After analysing over 80 electric vehicles in the UK, we found that the average cost of an electric car comes in at £50,873 in 2024.

This average is influenced by a diverse range of models, including both the top-tier luxury vehicles such as the Mercedes-Benz EQS SUV (£129,470) and the more affordable options like the Citroen Ami (£8,495). While luxury electric cars command higher price tags due to advanced features and premium materials, there are plenty of economical choices available, such as the Nissan Leaf (£28,495) and the Fiat 500e (£28,195).

What Is the Most Expensive Electric Car?

The most expensive electric car in the UK in 2024 is the Mercedes-Benz EQS SUV, priced at £129,470. It epitomizes luxury electric driving, offering unparalleled comfort, cutting-edge technology, and exceptional performance, setting a new benchmark for what an electric SUV can offer in terms of luxury and innovation.

The Top Ten Most Expensive EVs 2024

1. Mercedes-Benz EQS SUV: £129,470
   The Mercedes-Benz EQS SUV represents the pinnacle of luxury electric SUVs, offering an unmatched blend of performance and technology. With an expansive interior, cutting-edge infotainment system, and remarkable range, it sets a new standard for electric luxury.
   
   
2. BMW i7: £113,970
   The BMW i7 is the electric counterpart to the iconic 7 Series, offering a blend of BMW’s renowned driving dynamics with electric efficiency. Its plush interior, advanced driver-assistance features, and powerful electric drivetrain make it a standout in the luxury EV segment.
   
   
3. Tesla Model X: £110,935
   Known for its distinctive falcon-wing doors, the Tesla Model X combines performance with practicality. It offers impressive acceleration, cutting-edge technology, and one of the longest ranges available on the market, making it a favourite among electric SUV buyers.
   
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4. Mercedes-Benz EQS: £105,610
   The sedan sibling to the EQS SUV, the Mercedes-Benz EQS is a testament to electric luxury and innovation. With its aerodynamic design, exceptional range, and the Hyperscreen dashboard, it offers a futuristic driving experience.
   
   
5. Audi SQ8 e-tron: £99,010
   The Audi SQ8 e-tron brings sportiness to the electric SUV category, featuring a dynamic design, powerful electric motors, and Audi’s signature Quattro all-wheel drive. It combines performance with luxury in a way only Audi can.
   
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6. Volvo EX90: £96,255
   The Volvo EX90 is a testament to Volvo’s commitment to safety, sustainability, and sophistication. It’s designed with a focus on environmental impact, offering a luxurious interior made from sustainable materials and an array of advanced safety technologies.
   
   
7. Tesla Model S: £93,480
   A pioneer in the electric vehicle industry, the Tesla Model S continues to lead with its remarkable performance, long range, and the introduction of features like Autopilot and Plaid mode for unmatched acceleration.
   
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8. Mercedes-Benz EQE: £90,560
   The Mercedes-Benz EQE offers a slightly more compact alternative to the EQS, without compromising on luxury and technology. It’s an executive sedan that combines efficiency with elegance, appealing to a broad audience.
   
   
9. Audi e-Tron GT quattro: £88,365
   The Audi e-Tron GT quattro is a high-performance electric sports car that rivals traditional supercars. With its breathtaking acceleration, dynamic handling, and striking design, it’s a thrilling ride for EV enthusiasts.
   
   
10. Mercedes-Benz EQV: £87,995
    The Mercedes-Benz EQV redefines the electric van segment, offering a luxurious and spacious interior, flexible seating arrangements, and a quiet, smooth ride. It’s perfect for families and businesses looking for an upscale electric transport solution.

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What Is the Cheapest Electric Car?

The cheapest electric car in the UK in 2024 is the Citroen Ami, priced at £8,495. It’s a compact and innovative little vehicle, designed primarily for city driving with a focus on simplicity, efficiency, and accessibility. The Ami stands is an affordable entry point into electric cars.

The Top Ten Cheapest EVs 2024

1. Citroen Ami: £8,495
   The Citroen Ami is revolutionizing urban mobility with its ultra-compact design and affordability. Perfect for city dwellers, its minimalistic approach and ease of driving make it an ideal choice for short commutes and navigating tight streets.
   
   
2. Citroen e-C4: £19,495
   The Citroen e-C4 blends comfort with electric efficiency, offering a smooth ride with a stylish, coupé-SUV design. It’s a family-friendly vehicle that doesn’t compromise on space or technology, making electric driving accessible to a wider audience.
   
   
3. Smart fortwo: £22,170
   The Smart fortwo electric drive continues to be the go-to choice for urban electric mobility, offering agility and ease of parking in tight spots. Its compact size and efficient performance make it perfect for city living.
   
   
4. MG4 EV: £26,995
   The MG4 EV brings electric driving to the masses with its competitive pricing, practical design, and decent range. It’s a testament to MG’s commitment to affordable electric vehicles, suitable for families and first-time EV buyers.
   
   
5. Fiat 500e: £28,195
   The Fiat 500e transforms the iconic 500 into a fully electric model, combining retro charm with modern electric vehicle technology. It offers a fun driving experience, compact urban agility, and a stylish design that pays homage to its heritage.
   
   
6. Nissan Leaf: £28,495
   As one of the pioneers in the electric vehicle market, the Nissan Leaf continues to offer reliability, a comfortable interior, and user-friendly technology. It’s an all-around electric car that appeals to a broad range of buyers.
   
   
7. BYD Dolphin: £30,195
   The BYD Dolphin introduces innovative electric technology and a unique design to the affordable EV segment. It’s a compact hatchback that promises efficiency, a good range, and a fresh approach to electric vehicle design.
   
   
8. MG ZS EV: £30,495
   The MG ZS EV is a compact SUV that combines space, comfort, and electric efficiency at a value price point. It’s an attractive option for families looking to transition to electric vehicles without breaking the bank.
   
   
9. Vauxhall Mokka-e: £30,840
   The Vauxhall Mokka-e brings a bold design and dynamic driving experience to the electric compact SUV market. It offers a blend of style, technology, and performance that makes electric driving enjoyable and accessible.
   
   
10. MG5 EV: £30,995
    The MG5 EV breaks new ground as an affordable electric estate car, offering ample space, practicality, and a comfortable ride. It caters to those needing more room for family or cargo, without compromising on the benefits of electric driving.

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The Cost of UK EVs

Here is the cost of EVs available in the UK as of February 2024. From the top-end models to the most affordable options, we’ve compared over 80 EVs, arranged from highest to lowest list price:

• £129,470 Mercedes-Benz EQS SUV
• £113,970 BMW i7
• £110,935 Tesla Model X
• £105,610 Mercedes-Benz EQS
• £99,010 Audi SQ8 e-tron
• £96,255 Volvo EX90
• £93,480 Tesla Model S
• £90,560 Mercedes-Benz EQE
• £88,365 Audi e-Tron GT quattro
• £87,995 Mercedes-Benz EQV
• £79,900 Polestar 3
• £79,200 Porsche Taycan
• £75,005 BMW I5
• £70,985 BMW iX
• £70,910 Audi Q8 e-Tron
• £69,995 Jaguar I-Pace EV400
• £69,905 Genesis G80
• £65,290 Maxis MIFA 9
• £65,160 BMW iX3
• £65,105 Genesis GV70
• £64,950 Mercedes-Benz EQC
• £64,245 KIA EV9
• £59,555 Ford Mustang Mach-e
• £59,095 Volkwagen ID.4 GTX
• £58,915 Volkswagen ID.Buzz
• £58,373 Vauxhall Movano Electric
• £56,810 Mercedes-Benz EQB 205+
• £54,105 Genesis GV60
• £52,495 Subaru Solterra
• £51,440 Audi Q4 e-Tron
• £51,280 Volkswagen ID.5
• £49,995 BMW i4
• £49,750 Mercedes-Benz EQA 250+
• £48,355 Volvo C40 Recharge
• £47,495 Lexus UX300e
• £47,040 Hyundai Ioniq 6
• £46,440 Skoda Enyaq Coupe iV 80
• £46,375 Volkswagen ID.4
• £46,205 BMW iX1
• £45,915 Renault Master e-Tech
• £45,850 Volvo XC40 Recharge
• £45,695 BYD SEAL
• £44,990 Tesla Model Y
• £44,950 Polestar 2
• £44,495 Kia EV6
• £43,445 Hyundai Ioniq 5
• £42,860 Toyota BZ4x
• £42,785 Peugeot e-Traveller
• £42,678 Vauxhall Vivaro-e Life
• £39,990 Tesla Model 3
• £39,645 Nissan Ariya
• £38,970 Skoda Enyaq iV 60
• £38,378 Toyota Proace Electric
• £37,430 Volkswagen ID.3
• £37,075 Renault Kangoo Van e-Tech
• £37,045 Citroen e-Spacetourer
• £36,545 Kia e-Niro
• £36,475 CUPRA e-Born
• £35,545 Peugeot e-2008
• £34,995 Hyundai Kona Electric
• £34,770 DS 3 Crossback E-Tense
• £34,495 Renault Megane e-Tech
• £34,195 Abarth 500e
• £34,000 Maxus eDeliver 3
• £33,795 Volvo EX30
• £33,270 Peugeot e-Rifter
• £32,550 MINI Electric
• £32,510 Vauxhall Combo-e Life
• £32,445 Vauxhall Corsa-e
• £32,170 Citroen e-Berlingo
• £32,095 Kia Soul EV
• £31,995 ORA Funky Cat
• £31,695 Peugeot e-208
• £31,265 Honda e
• £31,250 Mazda MX-30
• £31,195 Renault Zoe
• £30,995 MG5 EV
• £30,840 Vauxhall Mokka-e
• £30,495 MG ZS EV
• £30,195 BYD Dolphin
• £28,495 Nissan Leaf
• £28,195 Fiat 500e
• £26,995 MG4 EV
• £22,170 Smart fortwo
• £19,495 Citroen e-C4
• £7,695 Citroen Ami

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John Ellmore

John is the Editor and Spokesperson for Electric Car Guide.

With over 20 years of writing experience, he has written for titles such as City AM, FE News and NerdWallet.com, covering various automotive and personal finance topics.

John’s market commentary has been covered by the likes of The Express, The Independent, Yahoo Finance and The Evening Standard.