Benefits of electric vehicles (EVs)

  • They’re greener – they produce lower carbon emissions than petrol and diesel.1
  • EVs could be cheaper to maintain.2
  • They’re exempt from vehicle tax.3
  • They’re exempt from Clean Air Zone/Ultra Low Emission Zone charges. 4
  • EVs are likely to come with the most innovative technology.

How can I find out if an EV would suit my lifestyle?

To start with, you’ll want to think about your driving habits and understand the practicalities of owning an electric car.

  • How far can electric cars go? Many EVs today can do more than 200 miles on a single charge. That’s a lot of pick-ups, drop-offs and work commutes if you consider that the average car trip in 2019 was 8.4 miles, according to the National Travel Survey.
  • How long does it take to charge an electric car? This depends on a few things, like the size of your car’s battery and the type of charging station you’ll be using at home or on the go. Fast home chargers can charge your battery overnight, while using a rapid charger when you’re out and about will give you up to 80% charge in 20 to 40 minutes.

We’ve teamed up with electric car experts elmo who have built a fun way for you to decide if you’re suitable for driving an electric car. All you need to do is enter some information about your driving habits and they’ll give you an indication if you should do some extra research into your green driving journey.

Check your suitability

What you need to know

Electric cars are typically cheaper to run

You’ll be pleased to find out that an EV could cost you less over the course of ownership5. Without taking into account the purchase price and any energy price fluctuations, an EV’s running cost (including refuelling/recharging, insurance, road tax, MoT and servicing) can work out 21% less than what you’d expect to pay for an equivalent petrol or diesel car. Plus, with an EV you can take advantage of the many offers and subscriptions out there to help you play your part in sustainability.

We’ve joined forces with an amazing business to help you get started.

They can help you with everything you need to know about driving greener, including:

  • home energy
  • home charging
  • public charging
  • parking.

Explore the essentials

How do EVs measure up to regular cars?

  • Range: Most people don’t drive 200 miles without stopping, which is the average range that a new EV can cover, with some going more than 300 miles. And if your workplace has a charging station, why not plug your EV in between meetings? Venturing further afield? Your EV will give you plenty of notice before you run low. And when you do, use your sat nav to find a charging station.
  • Depreciation: Green driving is becoming more popular as people look for ways to help our environment prosper. The used EV market is warming up, which means that when you’re done with your electric car, its value should be like what you’d expect of an equivalent regular car.6
  • Buying used: If you’re on a budget, used electric cars still qualify for the low-emission exemption, so you won’t be charged to drive in a Clean Air Zone or Ultra Low Emission Zone.4 Plus, because EVs have far fewer parts, you may find that they won’t need the repairs often associated with buying preloved diesel and petrol cars.7

Finance your new or used EV

You can apply for Car Finance if:

  • you’ve had a Halifax bank account for at least 3 months
  • you’re registered for Online Banking
  • you’re 18 or over and a UK resident.

Want a quote? If you have a Halifax Current Account, sign in to Online Banking for your personalised quote. No credit checks required.

Credit is subject to status and additional affordability checks.

Sign in to start a quote

Want to learn more about green driving?

Is now a good time to buy an electric car?

Everyone wants to drive greener but you may be wondering if you should wait. Will we see super batteries and futuristic charging points? Or are we already spoilt for choice with today’s advanced options?

Read the article

How fast will battery technology evolve?

It’s almost impossible to discuss electric cars without mentioning new battery technology, but is it all hype or true potential worth waiting for?  

Read the article

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Insurance for your electric car

With the move to the next generation of vehicles, our car insurance ensures you will be covered and provides the following benefits:

  • Battery cover- whether your battery is leased or owned we’ll cover accidental damage, fire and theft.
  • Cable cover- your charging cable is covered for accidental damage, fire and theft.

Some manufacturers may require you to have separate battery insurance.

Insure your car

Thinking of going green at home?

If you are, then our Green living hub is a great place to start.

Find out how energy efficient your home is and see what rewards, grants and schemes can help you go greener.

Find out more about Green living