Electric cars cheaper to run than petrol versions as new subscription plan launched

The scheme costs £9.99 a month and gives access to rapid and ultra-rapid chargers across the country

Be.EV — the Octopus Energy-owned charging network — has launched a new subscription plan allowing members to charge for 39p per kilowatt-hour (kWh) at any time of day or night.

The scheme costs £9.99 a month and gives access to all 800 of Be.EV’s rapid and ultra-rapid chargers across the UK.

Rival firm Ionity, backed by BMW, Ford and Hyundai, is currently offering a charging rate of 43p per kWh for drivers who take out an annual subscription of £86.99, though that deal ends on Thursday.

Analysis by The Times suggests Be.EV’s plan becomes the better-value option once a driver uses around 822 kWh a year— equivalent to about 2,900 miles of ultra-rapid charging.

Below that level, Ionity’s lower annual fee makes it cheaper overall.

It means high-mileage motorway drivers will save more with Be.EV, while occasional users may still benefit from Ionity’s plan.

According to Be.EV, the average petrol driver spends £760 a year on fuel.

Under its new pricing model, an electric driver relying only on public charging would spend around £694 — saving roughly £66 a year.

That marks a key shift for EV owners without driveways, who have long been unable to benefit from cheaper home-charging tariffs.

Asif Ghafoor, chief executive of Be.EV, said: “It has been a sticking point that the cost benefits of electric car ownership should only be available to those with a driveway.

"With our new rate, the balance has finally tipped — it now makes financial sense for millions more people to buy an electric vehicle rather than a fossil fuel car.”

The government wants 80 per cent of new cars sold to be electric by 2030, sparking intense competition between charge-point operators.

Tesla has also reduced its Supercharger rates at several UK locations and cut the cost of its non-Tesla membership from £10.99 to £8.99 a month.

Networks including BP Pulse, Osprey and InstaVolt have followed suit, offering cheaper off-peak or member-only tariffs.