So, to set the record straight, we partnered with Electric Vehicles UK to sponsor the Cost of Driving Electric (CODE) Report — a first-of-its-kind study that lays out the real numbers behind EV ownership in Britain today. No spin. Just facts.
The research, carried out by the independent think tank New AutoMotive, represents the most comprehensive analysis to date of electric vehicle (EV) costs in the UK. Examining both new and used EVs, the study compares the total ownership costs of EVs with those of petrol and diesel cars. This includes:
Electric Vehicles UK calls for urgent government action to:
And not just a little. The average EV driver is now saving £5,850 over the lifetime of their car — even when you include everything: purchase price, maintenance, taxes, and depreciation. Better still, over 80% of drivers in the UK could save by going electric today.
But that’s only half the story.
All the talk is about either charging at home, or high-powered charging on major roads, but the real opportunity lies in the ‘messy middle’ – the urban and suburban spaces where people live, work, and spend time.
From high streets to shopping areas and transport hubs, plugging this gap will make EV charging more visible, accessible, and affordable. JOLT’s unique model brings free, fast, and convenient charging to these everyday locations, creating a win-win for drivers, businesses, and cities alike.
Our chargers are built for drivers without off-street parking — fast, free, and affordable.
Here’s where the savings start to split:
That’s a problem — and one we’re already solving.
We believe cost shouldn’t be a barrier to cleaner transport. That’s why JOLT offers:
No subscriptions. No nonsense. Just affordable, reliable charging. for anyone, anywhere.
JOLT’s model also benefits cities, providing local authorities with income from day one, supporting the transition to cleaner transport without government funding.
As the UK moves toward zero-emission targets, JOLT is working with policymakers, councils, and industry to expand its network and improve accessibility – ensuring EV ownership is practical and affordable for all.
Our model – which blends public EV charging with ad-supported infrastructure – has already been named one of the world’s top 250 greentech companies by TIME and Statista.
But we’re just getting started. As EV adoption grows, we’re expanding access in cities where it’s needed most, removing financial barriers and helping more drivers to go electric.
With EV prices dropping, the used market flourishing there has never been a better moment to transition. Each year, more affordable EVs are launched, and salary sacrifice schemes are making them increasingly accessible.
“With used electric cars often now costing less than their petrol or diesel counterparts, and price parity being reached on some new EVs, there’s never been a better time to make the switch.”
Ginny Buckley, Founder & CEO of Electrifying.com
