Electric Car Finance
Sustainable transport solutions with affordable finance options for your next electric vehicle. Make the switch to greener driving with Match Me Car Finance.
Are Electric Cars the Future?
Simply put? Yes, they are!
There is a lot of debate swirling around the internet about how the manufacturing of electric vehicles (EVs) is often more damaging to the environment than the creation of petrol and diesel cars. This may be true, but the process is becoming more sustainable with every passing year.
Once the EVs are built, they can be powered by solar, wind, or even hydroelectric energy that will be the key to saving the planet.
The EU recently came to a decision to ban the production of combustion-engine cars by 2035 so soon we'll all be making the switch to hybrid and electric alternatives. With only tiny manufacturers free from the EV-only laws, soon the air on the roads will be a lot cleaner.
If all of us woke up one morning with a brand new EV on the driveway instead of our normal, fossil-fuelled run-around, it's a fact that our commutes would produce 0% CO₂ emissions. It wouldn't be an overnight fix, but the switch to electric or hybrid engines, for now, is the future.
The Advantages of Electric Cars
As well as helping to save the environment, there are many reasons to invest in an EV:
Much Cheaper to Run
No fuel prices to worry about, and no tax payable on EVs under £40k!
Electric Acceleration
Many EVs can speed off the line faster than supercars 3x the price!
Pure Luxury
The electric cars from Mercedes-Benz, Audi, BMW, Jaguar, Tesla and even Bentley are some of the most luxurious and high-tech cars on the market.
Latest UK Electric Vehicle Market Updates
EV Sales Growth
Electric vehicles now represent over 16% of all new car registrations in the UK, with 2023 seeing the highest ever number of EV sales. Despite some market challenges, the overall trend continues upward.
Source: Society of Motor Manufacturers and Traders (SMMT)
ZEV Mandate
The UK government has introduced the Zero Emission Vehicle (ZEV) mandate, requiring car manufacturers to ensure 22% of new car sales are zero-emission in 2024, rising to 80% by 2030 and 100% by 2035.
Source: Department for Transport
Affordable Models Arriving
Several major manufacturers have announced more affordable EV models for the UK market in 2024-2025, including the Volvo EX30 (from £31,995), Renault 5 E-Tech, and Citroen e-C3 (starting below £25,000).
Source: Autocar, What Car?
Charging Infrastructure
The UK now has over 50,000 public EV charging points, with the government committing £1.6 billion to reach 300,000 by 2030. Major supermarkets and retail parks are rapidly installing fast chargers.
Source: Zapmap, Department for Transport
The Disadvantages of Electric Cars
EVs aren't perfect and there are some factors you should always consider before making a final decision. Here are the major things to keep in mind:
More expensive to buy
(At the moment, more on that soon!)
Lose value quicker
As the market becomes flooded and customers are offered more choice, many EVs don't hold much value as the mileometer ticks on.
Public charging
Charging stations are still few and far between in many parts of the UK, so journeys have to be planned carefully so you have enough battery power to keep moving.
Lacking Range
EV batteries can't keep you going as long as a few gallons of petrol can, so electric cars are best used for shorter journeys for the majority of their usage.
If your car is used for the school run or a daily commute, an EV is simple to run. With a bit of planning long journeys can be manageable too. If you are new to electric cars getting used to plugging in at the end of the day takes some getting used to but keeping an eye on your range is no different to the petrol or diesel gauge you've seen since you started driving.
Will Electric Cars become Cheaper?
The biggest hurdle for manufacturers is that EVs are not cheap to make. Factories need to be kitted out specifically for them, and the materials required can't be dug up in our back gardens. However, they are getting cheaper.
5 years ago, it was nearly impossible to find a brand-new electric car for less than £30k. Now in 2024 you can find a basic model much closer to £20k instead. When you factor in that you'll never have to pay for petrol again, it can be an excellent investment.
Still a big investment, even without paying at the pump, and out of reach for many people. Or is it? Match Me Car Finance have the answer you need.
Electric Car Finance
Few people know that most new cars are financed instead of being bought with one payment. Most people can't afford to sign a single cheque, but don't want to miss out on driving a new car. EVs already save you money once you're on the road, so we want to help you save more before you get behind the wheel.
Match Me aren't like other car finance providers. With us you enter how much finance you're willing to pay on a car, and we compare leading finance providers to find you the cheapest deal from our panel. We work with trusted partners, so you not only get a great deal, but are also taken care of every step of the way. Choosing a new car can be tricky, so we are always on hand to help guide you through the process.
If you don't follow the automotive news closely, you may not even realise how much choice there is. After all, at a glance most EVs look like any other car. We provide you with a list of vehicles from hundreds of manufacturers so you can see all the options available in one place and within your budget.
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Rates from 10.9% APR. Representative APR 21.9%
We are a credit broker, not a lender