Electric cars under £500 per month

What is the total cost of the subscription? 

The total cost can depend on various factors. For example, higher-end electric vehicles like Tesla Model 3 or Audi e-Tron can cost more to subscribe to compared to more affordable options like the MG ZS or Renault Zoe. 

All-inclusive EV subscriptions usually start from £400  per month, and the total monthly cost includes almost all expenses related to car ownership. 

Some companies, like elmo, offer discounts for longer-term commitments. 

Understanding these costs upfront can help you choose the right subscription for your budget.

What's included in the monthly cost?

Some EV subscriptions offer a comprehensive package that includes the cost of the vehicle, insurance, maintenance, and even roadside assistance. For example, a company called Onto offers flexible subscriptions that include all these costs, making it easier for customers to manage their expenses. 

What are the mileage limits?

Mileage limits can vary by subscription service and plan. Most services offer between 700 and 1,000 miles, but there may be steep fees for exceeding it. 

What options are available at the end of the subscription period?

At the end of the subscription, you can swap, return, or cancel your subscription. This flexibility allows you to adapt to changing needs or try different electric vehicles. Most providers require just a month's notice to initiate the cancellation. 

What is the charging situation?

Charging an electric vehicle is a different experience than refuelling a gasoline car. Depending on your living situation, you can install a home charger, which could involve an upfront cost. Browse the latest EV energy tariffs here.

Some EVs, like the Tesla models, have proprietary charging networks that offer fast charging speeds. Others rely on public charging networks like PodPoint or InstaVolt, which can vary in availability and speed.

Some subscription services include access to charging networks in their plans. For instance, Onto is one of them!

Understanding your charging options and costs will help ensure you're prepared for the electric vehicle lifestyle.