From transition to reality: a turning point for consumers' electric mobility

BEUC’s latest total cost of ownership study reveals that electric cars are at a turning point in Europe, with the Total Cost of Ownership (TCO) of battery electric vehicle (BEVs) becoming competitive with conventional vehicles for first owners as early as 2026. 

The TCO advantage of electric cars is most pronounced for small and medium cars. Therefore, encouraging the sales of new electric cars in these segments would achieve cost savings for consumers quickest.

More importantly, our study shows that any new electric vehicle sold today will bring financial benefits to its second and third owner. New electric cars registered now will deliver between €262 and €849/year savings for their future second and third owners compared to an equivalent petrol car.

This is an executive summary of the full technical report.