There is a general consensus that electric vehicles (EVs) have cheaper servicing and maintenance costs than petrol and diesel cars because there are fewer moving parts to go wrong.

But is this always the case? New analysis by valuations experts Cap Hpi suggests not. 

It compared costs quoted by manufacturers for the latest EV models and similar cars with combustion engines – and the numbers might surprise you.

EVs are cheaper than petrols and diesels to service, maintain and repair because there are fewer moving parts - true or false? Cap Hpi has ran the numbers...

EVs are cheaper than petrols and diesels to service, maintain and repair because there are fewer moving parts – true or false? Cap Hpi has ran the numbers…

Cap Hpi is responsible for forecasting service, maintenance and repair (SMR) costs – as well as total cost of ownership – for fleets, finance providers and insurance companies.

This is to give businesses a clearer understanding of the financial implications of running different vehicles, especially when it comes to varying fuel types.

The figures are sourced directly from the car manufacturers and from the global provider of vehicle lifecycles costs, Solera.

It has looked at the SMR costs based on a three-year ownership period – which is a typical lifecycle of a fleet model or a new car taken out on finance by consumers. 

It found the current average price for a servicing an EV – excluding VAT – over three years is £299.

For a diesel, the cost is £493, while petrols are typically the most expensive, costing £624 – more than double that of an electric alternative.

However, further analysis carried out by Cap Hpi found SMR costs can vary depending on the models being compared side-by-side, especially when you take into account running diagnostics, replacing headlight bulbs and replacing other consumable parts.

In fact, when pitting six different EV example against their petrol or diesel alternatives, two electric cars worked out more expensive to run. 

Steve Chambers, senior editor for SMR at Cap Hpi, said: ‘Diesel servicing costs across all currently on sale models are on average 60 per cent more than BEVs, with petrol models over double that of BEVs.

‘The main difference in direct service costs is down to the removal of oil, air and fuel filters. 

‘With EVs, there are obviously no spark plugs to contend with and at higher mileages and ages, no troublesome timing belts and chains to consider.’

Service and maintenance costs compared: EV vs ICE 

The following comparisons are SMR costs over a three-year, 30,000-mile period for new cars and pricing is without VAT included. It doesn’t include additional running costs such as electricity/fuel, tax and insurance.

The first example given is the all-new BMW 5 Series versus the electric i5 – models that are just starting to arrive in the UK having been unveiled earlier this year.

For servicing costs only (not including a BMW servicing pack), Cap Hpi estimates the i5 will cost £271, while a petrol 5 Series is £346. 

For one with a diesel engine, BMW quotes an average service cost of £843 – more than three times the EV.

Electric BMW i5 vs Petrol BMW 5 Series 

New BMW i5

New BMW 5 Series

Cap Hpi says it has received pricing from BMW to say the new electric i5 (left) will cost £75 less to service than the new petrol 5 Series (right) 

BMW 5 SERIES PETROL

Servicing: £346 (diesel £843)

Source: Cap Hpi based on costs over 3 years/30k miles

<!- – ad: https://mads.dailymail.co.uk/v8/ua/money/electriccars/article/other/mpu_factbox.html?id=mpu_factbox_2 – ->

However, add more maintenance costs to the equation, and the affordability of EVs isn’t as favourable.

For an electric VW ID.3 hatchback, the manufacturer quotes a total cost – including servicing, tyres, brakes and others (which covers MOTs, costs for diagnostics, headlamp adjustments, batteries, exhausts, bulbs as needed) – over three years is £1,050.

For an equivalent Golf diesel, the total rings in at £615 over three years.

This is despite the servicing of the combustion model being higher and – as in all cases listed – braking components often do no need replacing within the first three years because they are used less thanks to EVs having regenerative braking systems to recharge their batteries.

The reason the ID.3 is more expensive overall is mostly due to its tyres, which are around four times pricier.

EV tyres are different to conventional car rubber because they need to support the extra weight of batteries.

This means they require stronger belts to reinforce them, which comes at a cost. 

EV tyres are also specifically designed to have quieter rolling noise – this is due to their silent drivetrains amplifying road rumble compared to a petrol or diesel cars. 

Electric VW ID.3 vs Diesel VW Golf 

Cap Hpi found that an electric VW ID.3 (left) will have cheaper servicing costs over three years, but a new Golf diesel (right) will cost less to maintain over the same period - mostly because its tyres are cheaper

Cap Hpi found that an electric VW ID.3 (left) will have cheaper servicing costs over three years, but a new Golf diesel (right) will cost less to maintain over the same period – mostly because its tyres are cheaper

VW ID.3

Servicing: £181

Tyres: £808

Brakes: £0

Others*: £61

Total: £1,050

VW GOLF DIESEL

Servicing: £222

Tyres: £239

Brakes: £29

Others*: £125

Total: £615

Source: Cap Hpi based on costs over 3 years/30k miles

*Others includes MOTs, costs for diagnostics, headlamp adjustments, batteries, exhausts, bulbs as needed

<!- – ad: https://mads.dailymail.co.uk/v8/ua/money/electriccars/article/other/mpu_factbox.html?id=mpu_factbox_3 – ->

It’s a similar case when you pin a Tesla Model Y versus a VW T-Cross.

The electric Tesla is £1,893 to maintain and service for 36 months compared to £736 for the petrol Volkswagen. This again is predominantly a result of higher tyres prices for EVs.

However, when comparing a Vauxhall Corsa-e against a Corsa with a petrol or diesel engine, the electric variant is much cheaper to keep running at £688 compared to £1,071 for the diesel and £1,190 for the petrol.

A Tesla Model 3 against a BMW 3 Series petrol also found that the EV was almost £200 cheaper to maintain.

Electric Vauxhall Corsa-e vs Petrol Vauxhall Corsa

A comparison between the Vauxhall Corsa-e versus Corsa superminis with internal combustion engines found the battery model is cheaper to service, maintain and repair

A comparison between the Vauxhall Corsa-e versus Corsa superminis with internal combustion engines found the battery model is cheaper to service, maintain and repair

VAUXHALL CORSA-E 

Servicing: £249

Tyres: £342

Brakes: £0

Others*: £77

Total: £668

CORSA PETROL

Servicing: £696 (diesel £612)

Tyres: £335 (diesel £289)

Brakes: £68 (diesel: £67)

Others*: £91 (diesel £103)

Total: £1,190 (diesel £1,071)

Source: Cap Hpi based on costs over 3 years/30k miles

*Others includes MOTs, costs for diagnostics, headlamp adjustments, batteries, exhausts, bulbs as needed

<!- – ad: https://mads.dailymail.co.uk/v8/ua/money/electriccars/article/other/mpu_factbox.html?id=mpu_factbox_4 – ->

Electric Tesla Model Y vs Petrol VW T-Cross 

The analysis also pitted an electric Tesla Model Y (left) against a petrol VW T-Cross (right). Again, the Tesla has cheaper running costs

The analysis also pitted an electric Tesla Model Y (left) against a petrol VW T-Cross (right). Again, the Tesla has cheaper running costs

TESLA MODEL Y

Servicing: £253

Tyres: £1,526

Brakes: £0

Others*: £114

Total: £1,893

VW T-CROSS PETROL

Servicing: £188

Tyres: £380

Brakes: £60

Others*: £106

Total: £734

Source: Cap Hpi based on costs over 3 years/30k miles

*Others includes MOTs, costs for diagnostics, headlamp adjustments, batteries, exhausts, bulbs as needed

<!- – ad: https://mads.dailymail.co.uk/v8/ua/money/electriccars/article/other/mpu_factbox.html?id=mpu_factbox_5 – ->

‘The service and maintenance costs across several new vehicle variants make for an interesting comparison,’ Steve explains to us.

‘With no BMW service package included, forcing the i5 and 5 series onto parts and labour-based pricing, it is clear that BEV models are significantly cheaper to run than their ICE counterparts. 

‘At 30,000 miles, the i5 only needs a service at 24 months, whereas the petrol model requires servicing at 18,000 miles and the diesel at 15,000 miles. 

‘While the EV and petrol models may have the same service count, they don’t need the same level of parts and fluids.’

However, when including other factors, including brakes and tyres, the difference in forecast SMR costs is reduced and – in some instances – reversed. 

‘Outside of servicing, tyres are the main cost area for drivers, with EV tyres typically more expensive as they become worn sooner than ICE equivalents, mainly due to vehicle weight. 

‘In addition, EVs, on average have larger or less common tyre sizes that are more expensive. 

‘There are numerous factors to consider in all of this, but fundamentally, when it comes to service and maintenance costs, EV models are outperforming ICE equivalents and do cost less to run. 

‘The question is whether or not drivers will feel it that much if they are doing very low mileage.’

Electric Tesla Model 3 vs Petrol BMW 3 Series 

In this scenario, a Tesla Model 3 is cheaper to service, maintain and repair for the first three years when compared against a petrol-engined BMW 3 Series

In this scenario, a Tesla Model 3 is cheaper to service, maintain and repair for the first three years when compared against a petrol-engined BMW 3 Series

TESLA MODEL 3 

Servicing: £256

Tyres: £922

Brakes: £0

Others*: £114

Total: £1,292

BMW 3 SERIES PETROL

Servicing: £477

Tyres: £767

Brakes: £167

Others*: £76

Total: £1,487

Source: Cap Hpi based on costs over 3 years/30k miles

*Others includes MOTs, costs for diagnostics, headlamp adjustments, batteries, exhausts, bulbs as needed

<!- – ad: https://mads.dailymail.co.uk/v8/ua/money/electriccars/article/other/mpu_factbox.html?id=mpu_factbox_7 – ->

What about the cost to keep an older EV running, we hear you ask?

Cap Hpi has also run the numbers on a Kia Niro Electric versus a Niro petrol hybrid. 

The calculation is based on three year ownership of cars that are two years old and showing 20,000 miles on the clock.

And it’s the EV that’s the more affordable of the two, costing £1,277 to service, maintain and repair compared to £1,371 for years two to five.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Source link