Three reasons why leasing an EV could save you thousands

Thinking of switching to an EV?

Good news: you could save nearly £6,000 by doing so! Here’s where those savings come from, and how they stack up compared to running a petrol or diesel car.

Your number one everyday expense when it comes to running any car? Powering it – whether that's petrol, diesel, or electricity.

For EVs, charging at home is where you can unlock serious savings. Charge at home using off-peak electricity, and you could pay as little as 3p per mile – a massive saving compared to the 16p per mile typical of petrol.

But what does that actually look like? Here’s how the savings stack up for one of our favourite compact electric SUVs – the Peugeot e-2008 – compared to its petrol-powered sibling, based on an annual mileage of 8,000 miles.

With the Peugeot e-2008 (electric):

• You’ll pay around 3p per mile for charging at home.
• That means just £240 a year for 8,000 miles of driving.
• A full charge costs around £7.50, giving you up to 250 miles of range.

Meanwhile, with the Peugeot 2008 (petrol):

• You’ll pay around 16p per mile for fuel.
• That works out to around £1,280 a year for the same 8,000 miles.
• A full tank costs around £58.88, based on a 44-litre tank and an average petrol price of £1.34 per litre (April 2025).

So while the petrol model guzzles over a grand a year, the electric version sips a fraction of that - saving you over £1,000 a year on fuel costs alone. That’s before you even factor in lower maintenance and tax savings.

*Based on advertised range of 250 miles

**Based on fuel tank capacity of 44L with average petrol price of £1.34 per litre (April 2025)

A smart tariff is your ticket to the biggest savings for home charging, allowing you to automatically charge your EV when energy is cheapest.

Intelligent EV drivers get all of this and more, including:

• Exclusive access to Intelligent Octopus Go - EV Saver – the UK’s cheapest EV tariff.
• Regular deals on home chargers and installation.
• A 10% discount on public charging via the Electroverse app – handy for longer journeys, or if you don’t have a driveway!

EVs don’t produce tailpipe emissions, so are exempt from charges for driving in low emission zones (LEZ) and ultra low emission zones (ULEZ)

That includes most major UK cities, such as London Birmingham, Glasgow, and Bristol. EVs are also exempt from the London Congestion Charge.

Mechanically, EVs are much simpler than petrol and diesel cars. This means that maintenance costs for EVs are much cheaper.

Less stuff that can go wrong = fewer unexpected visits to the garage.

This is why the average annual servicing costs from year one to year three of ownership are 28% cheaper for EVs. EVs are also 31% cheaper on average to service from year three to year five. So, whether you’re driving a brand new EV or a used one, you’ll save compared to petrol and diesel cars.

All Intelligent EV drivers get servicing and maintenance, as part of their leasing package.

Intelligent EV makes leasing an EV easier, cheaper, and more fun. Here’s how:

• Choose from the most popular EVs on the market – you choose your mileage and your term length.
• Supercharge your savings on home and public charging with a range of deals, including six hours of low-cost energy every night and discounts on Electroverse.
• Say goodbye to unexpected costs with servicing and maintenance all included with your lease.
• Enjoy a range of other deals and discounts on green energy tech via our sister company Octopus Energy.