OPEN
We're open until 6pm tonight

Rising Fuel Prices in the UK: Is it time to go electric?

2 Apr 2026
RisingFuelCosts
Rising Fuel Prices in the UK: Is it time to go electric?

Fuel prices in the UK continue to rise, putting pressure on petrol and diesel drivers. As a result, more drivers are now considering electric vehicles (EVs) to reduce running costs and gain more control over their spending.

How Much Have UK Fuel Prices Increased?

Recent data from the RAC shows a sharp increase in both petrol and diesel prices. Diesel has risen by around 18p per litre in a short period, reaching over 160p per litre- its highest level since late 2023.

Petrol prices have also increased, climbing by roughly 7% and reaching levels not seen since 2024.

For drivers covering regular mileage, these increases can add a noticeable amount to monthly costs.

 

How to Reduce Fuel Costs in the UK

There are a few ways drivers can manage rising fuel expenses:

  • Compare prices using the UK’s Fuel Finder Scheme
  • Plan journeys to reduce unnecessary mileage
  • Drive more efficiently to improve fuel economy

While these steps can help, they don’t fully protect against ongoing price changes.

 

Are Electric vans cheaper to run?

Electric vehicles are often cheaper to run than petrol or diesel cars, particularly when fuel prices are high. Instead of relying on fuel, EVs use electricity, which is typically more stable in price.

Running costs can be reduced further depending on how you charge:

  • Home charging is usually the lowest-cost option
  • Workplace charging can reduce costs even more
  • Public charging networks provide flexibility on longer journeys

This shift allows drivers to move away from unpredictable fuel costs.

 

Electric van Leasing: A Flexible Alternative

For drivers not ready to buy outright, electric van leasing offers a flexible way to switch.

Leasing allows you to:

  • Drive a new electric van without a large upfront cost
  • Choose contract lengths that suit your needs (often from 18 months)
  • Avoid concerns around depreciation and resale value

This makes it easier to try an EV without long-term commitment.

 

Benefits of Leasing an Electric Van

Leasing an EV comes with several practical advantages:

  • Fixed monthly payments for easier budgeting
  • Access to new models with the latest technology
  • No resale concerns at the end of the contract
  • Included costs such as road tax and manufacturer warranty

These features make leasing a straightforward option for many drivers.

 

Hybrid and Plug-In Hybrid Alternatives

If a fully electric van doesn’t suit your needs yet, hybrid and plug-in hybrid vehicles offer a middle ground.

They combine electric power with a traditional engine, helping reduce fuel use while maintaining flexibility for longer journeys.

 

Should You Switch to an Electric Vehicle?

While fuel prices may change over time, the underlying issue remains. Petrol and diesel costs are tied to global factors outside your control.

Electric vehicles offer a more predictable alternative. With a growing range of models and competitive leasing options available, switching is becoming a realistic choice for more UK drivers.

 

If your thinking about switching to electric, take a look at our current deals here. 

refer a friend.

Earn a £100 voucher for every friend you invite to the lcv group, who goes on to become a customer.

THE LCV GROUP
Back to top

Contact Us