What EVs can you get for £300 per month?

If your internet search history is filled with terms such as ‘used cars UK’, but you’re tempted by the reassurance of a brand new electric car with a fresh warranty and dealer support, we’ve got the list for you.

After all, while electric cars used to be seriously expensive or a bit useless, there are now plenty of options at a price that won’t break the bank. Yes, electricity is more expensive than ever, and you don’t get the same tax breaks you used to, but they can still make a great deal of financial and environmental sense.

Below you’ll find a list of some of the best EVs for around £300 a month on finance. Deposits vary, and it’s always a good idea to hunt for any special offers, but these are an excellent place to start. We’ve included lease and PCP options should you have a preference, too.

If you’re wondering what the difference is, leasing is much like renting. You pay an initial amount and then pay monthly for a set period of time. At the end of the period, you give the car back. PCPs are a little more complicated, but essentially you put down a deposit and pay monthly again, but at the end of the agreement you’ve got the option of buying the car outright.

Leasing

MG 4

MG has for a number of years offered great value electric cars, but they’ve all been cars you buy with your head and not your heart. The MG 4 is different, combining an exceedingly competitive price with a great driving experience and a dash of desirability. Even the long range version that’s capable of 281 miles officially is under £30k, massively undercutting the similar size Cupra Born and Volkswagen ID.3.

MG ZS EV

The ZS EV is exactly the kind of sensible MG that we mentioned above. You won’t want one for how it drives or looks, but you get a range of up to 273 miles, a seven-year warranty, five star Euro NCAP score and plenty of space inside. You even get plenty of standard kit to offset the distinct lack of desirability.

PCP

Renault has a habit of offering exceedingly tempting finance offers including 0% APR, making the Zoe more affordable than you might think. Range is up to 238 miles and the interior is more practical than you might think for such a small car. Rapid charging and decent kit levels make it more tempting, although the Euro NCAP safety scores are somewhat disappointing.

MG 5 EV

Unless you spend significantly more on a Porsche Taycan Sport Turismo, the MG 5 is your only option if you want an electric estate car. At 250 miles, its range isn’t quite as impressive as the cheaper MG 4 although it is a fair bit more spacious. Just don’t expect a particularly plush interior or enjoyable driving experience.

Vauxhall Mokka Electric

Yes, it does go over our theoretical budget a little, but keep an eye on Vauxhall’s deals or perhaps haggle a little, and a Mokka Electric should be in your reach. The extra outlay gets you a good-looking small SUV that drives well and has a decent amount of kit. The range is a little on the low side and it’s not overly practical, but a 2023 update will provide slightly longer legs.