Best electric cars for £300 per month

  • We reveal our electric car picks for under £300 per month
  • Low running costs, easy charging, zero emissions
  • All are easy steps into electric car ownership

Thinking of going electric? You're not the only one. Registrations of electric vehicles are flying. And you can get behind the wheel of some of the best electric cars on sale for less than £300 per month. 

UK pure electric car sales in 2020 were up 185.9% compared with 2019. This is all the more impressive considering overall car sales dropped to their lowest levels since 1992 due to Coronavirus.

Generally, electric vehicles are a bit more expensive in cash than petrol powered alternatives, but prices are falling. Check out our best cheap electric cars article here.

Look at the Peugeot 208 as an example. It's available in both petrol and electric versions, yet the entry-level EV is around £10,000 more if you buy with cash. But the majority of people don't, and it doesn't look quite as big a spend when it's monthly rather than just one big payment.

In this article you'll find personal leasing (also known as Personal Contract Hire or PCH) and Personal Contract Purchase (PCP) deals.

Leasing is a bit like renting. You put down an initial payment, then you just pay monthly. That's it. Once the contract is up you hand the car back.

PCP deals are a bit more complicated but give the option to buy the car if you can't bear to part with it. You put down a deposit and then pay in monthly payments, and then there's something called a balloon payment at the end if you choose to own the car - if not, you can give it back. This is still the most popular form of new car finance, but PCH is closing the gap.

Read more: Best electric cars
The best electric cars to lease

Best electric cars for £300 per month


>> Read next: The Parkers electric car guide 
>> Read next: The best electric cars to lease

LEASE: Volkswagen ID.3

Volkswagen ID.3

Not many cars for this price can claim to be as futuristic as the ID.3, VW's first bespoke electric car.

For starters, there's no need to turn it on. Open the door, sit in the driver's seat, and you'll find it's ready to go. The infotainment is pretty slick too, and can be specced with cutting edge tech like an augmented reality sat-nav that shows instructions in real-time on the windscreen.

Like with other electric cars, power and range depends on how deep your pockets are. For £300 per month you're looking at a model with a 216-mile range.*

> Range: 216-340 miles

> View lease deals: from £348 per month

LEASE: BMW i3

BMW i3 side

Can you believe this radical shape is nearly eight years old? Despite its age, there are still very few small and posh electric cars on the market.

The i3 offers a different way of thinking from some of the cars on this list. It was designed as an electric car from the get go, and it's made using exotic materials usually found in supercars. The interior is equally as exotic. It looks other-worldly and the dashboard is made out of recycled material.

Range is pretty small compared with newer rivals. But how often do you really drive more than 180 miles in one go anyway?*

> Range: 182-190 miles
> View lease deals: from £326 per month

LEASE: Renault Zoe

Renault Zoe lease deals

Big battery, long range (245 miles) and looks that aren't too zany or try-hard, the Zoe makes a brilliant first electric car. It doesn't feel quite as quick as other electric cars, but it's absolutely more fine for commuting. The driver's seat is higher than most other superminis because that's where the batteries sit, but apart from that, there's very little to dislike. 

It's good value too, with lots of standard equipment and a pleasant cabin. In short, it's comfortable, easy to drive and relaxing.*

> Range: 245 miles
> View lease deals: from £378 per month

LEASE: Nissan Leaf

2018 Nissan Leaf

The Leaf could make an ideal first electric car because it's all tried and tested. It all works exactly as you'd imagine and it has a reputation for reliability.

It features a clever e-Pedal system that ramps up the regenerative braking to the point where when you lift off the throttle, it slows down like you're pressing the brake. It feels odd at first, but you quickly get used to it.

For sub-£300 per month you're looking at the 40kWh car, with a range of 168 miles. There's a 64kWh version with a range of 239 miles too, but you may struggle to lease one of those for less than £300 per month.*

> Range: 168 - 239 miles
> View lease deals: from £284 per month

LEASE: Volkswagen e-Up

VW e-Up lease

The Volkswagen e-Up is a small city car that's easy to drive and park, but thanks to its electric motor it's even better for city life than the petrol versions. For a start it's automatic, so no need to ride the clutch in traffic.

Secondly it's nearly silent inside at low speeds, so it's relaxing too. It doesn't have a huge list of tech inside - there's merely a mount for your phone instead of a sat-nav screen - but it feels more grown-up than the low price might have you think.*

> Range: 159 miles
> View lease deals: from £224 per month

*These deals are indicative examples of some packages available as of 13 October 2021 but are subject to change without prior notice. Everyone’s financial circumstances are different, and the availability of credit is subject to status. Terms, conditions and exclusions apply. Parkers cannot recommend a deal for you specifically. Bauer Consumer Media Limited is an appointed representative of ZenAuto Limited for the broking of regulated hire agreements. ZenAuto Limited is authorised and regulated by the Financial Conduct Authority. ZenAuto Limited's registered office is Number One, Great Exhibition Way, Kirkstall Forge, Leeds LS5 3BF. ZenAuto Limited's company registration number is 10967345. ZenAuto is the trading name of ZenAuto Limited. Terms, conditions and exclusions apply.


PCP: MG ZS EV

MG ZS EV (2020) front view

The MG range is all about value for money and the MG ZS EV is a great example. Most other sub-£300 per month electric cars are small city cars or hatchbacks, but the ZS is a medium-sized family SUV with loads of room inside and a big boot.

Ok, it's not great to drive and the interior feels cheap, but that hardly takes away from the value for money it brings. There's nothing else like it at this kind of price, which is its real selling point.*

MG ZS EV PCP deal

MG ZS EV Exclusive

  • Monthly cost: £289 (48 payments)
  • Deposit: £3,519.50
  • Total amount payable by customer to buy car: £30,345
  • Cash price: £30,345
  • Mileage allowance: 8,000 miles per year
  • APR: 0% 

> Range: 163 miles

PCP: Mazda MX-30

Mazda MX-30 £300 per month

The MX-30 is Mazda's first fully electric car. And we think you'll agree - it's quite the looker. Those pillarless doors aren't just an aesthetic choice either - they make it easier to get in the back compared with a three-door setup.

The battery (35.5kWh) is smaller than rivals, which means less charging time. A 20-80% zap using a 50kW public charger, will take 36 minutes. Bigger batteried cars take more like 45 mins.

Official range is 124-164 miles, but expect more like 100-120 in real world application.**

Mazda MX-30 PCP deal

Mazda MX-30 First Edition

  • Monthly cost: £289 (24 payments)
  • Deposit: £4,309.50
  • Total amount payable by customer to buy car: £30,495
  • Cash price: £30,495
  • Mileage allowance: 9,000 miles per year
  • APR: 0% 

> Range: 124 miles

PCP: Hyundai Kona Electric

Hyundai Kona Electric £300 per month

The Kona Electric is basically an electrified version of the Hyundai Kona SUV. This means it's a well-built and fashionable small SUV, but it's powered by a plug rather than a pump.

Hyundai is among the best in the business (alongside Tesla) at creating cars that nearly reach their WLTP-backed range. Your £300 per month can't afford you the larger battery model, but you should expect 180 miles between charges even with the smaller battery.**

Hyundai Kona Electric deal

Hyundai Kona Electric SE Connect 39kWh

  • Monthly cost: £305.28 (48 payments)
  • Deposit: £5,000
  • Total amount payable by customer to buy car: £31,372.64
  • Cash price: £27,950
  • Mileage allowance: 8,000 miles per year
  • APR: 4.9%

> Range: 189-300 miles

PCP: Vauxhall Corsa-e

2020 Vauxhall Corsa-e

The Corsa has a long history of being a reliable supermini for the masses. The Corsa-e is aimed at people looking to make the jump to electric propulsion. It's a big success too. The electric model is one of the most convincing Corsas ever, with a great cabin and a decent driving experience.

It uses the same mechanical and electrical technology as the Peugeot e-208, but has a more comfortable ride and slightly less flashy interior.**

Vauxhall Corsa-e Elite Premium PCP deal

  • Monthly cost: £295 (47 payments)
  • Deposit: £4,693.38 (including £3,500 deposit contribution)
  • Total amount payable by customer to buy car: £34,463.38
  • Cash price: £31,695
  • Mileage allowance: 8,000 miles per year
  • APR: 3.9%

> Range: 200 miles

PCP: Honda e

Honda e rear

If you're after something that really looks and feels like the future, this happy little Honda is the best choice at this price point.

The interior has a huge bank of screens right across the dashboard, while on the outside, not everything is what it seems. The door mirrors aren't really mirrors - they're cameras.

Range isn't up there with the big dogs of this list, at (claimed) 137 miles. But it can be topped up 0-80% in around half an hour using a rapid charger.**

Honda e PCP deal

  • Monthly cost: £299 (36 payments)
  • Deposit: £6,731.91
  • Total amount payable by customer to buy car: £32,520.29
  • Cash price: £29,715
  • Mileage allowance: 8,000 miles per year
  • APR: 5.9%

> Range: 137 miles

What to read next: 

>> Best electric SUVs

>> All of the 0% APR car deals

>> Scrappage schemes: how much can you save?

>> The best cars for £300 per month

>> How to buy a new car online

** These deals are indicative examples of some packages available as of 13 October 2021 but are subject to change without prior notice. Everyone's financial circumstances are different and the availability of credit is subject to status. Terms, conditions and exclusions apply. Parkers cannot recommend a deal for you specifically.

Bauer Consumer Media Limited is an appointed representative of ZenAuto Limited for the broking of regulated consumer hire agreements. ZenAuto Limited is authorised and regulated by the Financial Conduct Authority. ZenAuto Limited's registered office is Number One, Great Exhibition Way, Kirkstall Forge, Leeds LS5 3BF. ZenAuto Limited's company registration number is 10967345. ZenAuto is the trading name of ZenAuto Limited.