Why you should consider an electric vehicle

Jul 29, 2021

Electric vehicles (EVs) are now mainstream. Their purchase costs are dropping thanks to wider adoption and better technology. But can they work effectively as a taxi or private hire vehicle?

There are many benefits for drivers who make the switch to electric. Of course, you’ll be making a positive impact on the environment, but the cash savings you make on running costs—fuel, tax and maintenance—are eye-wateringly good.

For example, we have calculated that the Dynamo Hackney EV will save you £17k+ over five years, compared to a standard diesel. Dynamo Taxi 11

A regular fully electric car like the MG EV will cost you a quarter or less of what a traditional petrol or diesel car on a cost per mile basis. For working drivers, these savings simply cannot be ignored. 

Purchase cost

You need to look at the long term to see why EVs offer excellent returns for professional drivers. Look at the purchase cost of course (there is a variety in purchase price depending on manufacturer, model, specification and so on) but consider the lifetime savings you’ll make. And now there is a growing choice for the taxi trade as shown on our range of electric and hybrid vehicles

Maintenance is cheap 

The price of EVs may seem be similar to petrol or diesel vehicles (and indeed sometimes higher at the luxury end of the market) but running costs are massively lower when you consider the vehicle’s lifetime.

The Government is committed to EVs. It has to be in order to meet its climate change targets for improving air quality in major cities. That’s why there are decent tax incentives and juicy government grants available to EV owners. 

EVs cars are made to be mechanically efficient and have just three main components: an on-board charger, an inverter and a motor. With fewer moving parts than a combustion engine drivetrain, there is way less wear and tear on the vehicle. The result? Fewer service requirements and minimal repair costs.

In summary

When you factor in:

  • the govt support (grants and taxi breaks above)
  • the relatively low cost of electricity as a fuel compared to petrol or diesel
  • and the reduced maintenance with an EV

The financial benefits are there for all to see.

This is the first in a short series on electric vehicles and the taxi trade.

For an introduction to the new and used vehicles we supply call 01525 717695 or This email address is being protected from spambots. You need JavaScript enabled to view it.

We are the largest supplier of vehicles for the cab trade in England and Wales. We aim to provide the best combination of Price, Service and Delivery. With 70+ years combined experience in the cab trade, we will help you find the perfect vehicle. 

Bus and Taxis Direct Ltd T/A The Taxi Shop is authorised and regulated by the Financial Conduct Authority (674319). We act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. Visit Financial Ombudsman for information about how to refer a complaint. 

Company registration number (05306798). Registered in England. Registered address: 28-31 The Stables Wrest Park, Silsoe, MK45 4HR.