Prices for the e-UP! now start at just over £24,000 once the government grant has been deducted. There's only one trim level, but there's a reasonable selection of optional colours and trims to make your Up! more personal. That price makes it one of the cheapest EVs you can buy, although buyers used to £10,000 price tags on petrol-powered cars of this size will wince a little.
Very few of those buyers will actually walk into a dealer and write a cheque for the full amount though – most e-UP!s will be bought using some sort of finance, and that’s where the price starts to make a lot more sense. Take the total cost of ownership into account, including fuel, tax and servicing, and the finance payment on an e-UP! might work out cheaper than a petrol version.
There can be few cheaper ways to get around than in an electric city car like the UP!. A full charge at home will cost about £5, or less if you use a smart meter to top up on a cheaper night time rate. That should get you about 150 miles, which works out less than 3p per mile. Even if you were getting 50mpg from a petrol car the fuel cost alone would be four times that.
Charging away from home will be more expensive, but VW has done a deal with Tesco to provide free hook ups for EV owners and it has links to the new Ionity network, which will install around 36,000 charging stations throughout Europe by 2025.
Servicing is cheaper too, as there is less to change and tinker with on an electric car, and road tax is free. The savings will continue to stack up if you run a e-UP! as a company car, as new benefit-in-kind rules mean you’ll pay just 1% income tax for the perk of running one, saving hundreds every year compared to a petrol or diesel car.