The best electric cars for £300 per month

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

2020 Nissan Leaf

Thinking of going electric? You're not the only one. Registrations of electric vehicles are flying. In Europe, they doubled during the first months of the year.

This is all the more impressive, considering that this is during a time when European car sales in March 2020 dropped by 55% compared to the same time last year. Generally, Electric Vehicles (EVs) are a bit more expensive in cash than petrol powered alternatives. One easy example of this is the new Peugeot 208 - available in petrol and electric flavours.

Both the petrol and electric cars come in boggo Active spec. The electric car costs nearly £12,000 more in old-school cash terms. But the majority of people don't buy in cash anymore. And when finance comes into play, the price difference looks that bit less daunting. Plus, there are huge fuel savings to be made.

>> Want to know more about electric cars?

Finally, a bit of housekeeping. In this article you'll find personal leasing (or Personal Contract Hire - 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. PCP involves a deposit, monthly payments, and a balloon payment if you want to own the car at the end of the agreement. This is still the most popular form of new car finance, but PCH is closing the gap.

Best electric cars for £300 per month


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

LEASE: Nissan Leaf

Best electric car for £300 per month for: value

2018 Nissan Leaf

Now in its second-generation, the Leaf could make the ideal first electric car because it's all tried and tested. It all works exactly as you'd imagine.

Its e-Pedal system is novel and surprisingly easy to get used to. It essentially ramps up the regenerative braking to the point where when you lift off the throttle, it slows down, like you're pressing the brake.

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'll struggle to lease one of those for sub £300 per month.*

>> £31,145 - £39,525
>> Range: 180 miles

>> View lease deals: from £271 per month
>> View for sale

LEASE: Peugeot e-2008

Best new car for £400 a month for: electric crossover vibes

2020 Peugeot e-2008

There are very few exterior clues that give this away as an electric car. It's a conscious decision from the designers too. Peugeot is hoping car buyers choose the 2008 first, then its means of propulsion second.

As well as looking like a normal car, the e-2008 works just like one too. It doesn't feel futuristic for the sake of being futuristic. While the electric power gives it a range of 193-miles between the plugs. It's also pretty nippy, covering the industry standard 0-62mph time in 8.1 seconds.*

>> £31,665 - £38,515
>> Range: 193 miles

>> View lease deals: from less than £300 per month

LEASE: Renault Zoe

Best electric car for £300 per month for: range

2020 Renault Zoe

Recently updated with a facelift and new tech, the Zoe now also comes with 50kWh power and an impressive range of 245 miles.

It doesn't feel quite as quick as other electric cars, but it's absolutely fine for commuting. The driver's seat is weirdly high too, but apart from that, the Zoe is a really charming car. Good value too.*

>> £29,179 - £32,870
>> Range: 200 miles

>> View lease deals: from £187 per month
>> View for sale

LEASE: Peugeot e-208

Best electric car for £300 per month for: a dazzling interior

2019 Peugeot e-208

Unlike the Leaf and Zoe above, the e-208 isn't a bespoke electric car. It's a regular 208 with the engine ripped out and batteries shoved where the exhaust and fuel tank used to be.

Despite this, it's a really solid little thing that's shining with style, inside and out. More range than the MINI Electric (further down), and a flashier interior too.*

>> £28,550 - £32,750
>> Range: 210 miles

>> View lease deals: from £266 per month
>> View for sale

LEASE: Smart ForFour EQ

Best electric car for £300 per month for: a tight-turning circle

Smart ForFour EQ

New for 2020 is Smart's range of electric cars, called EQ. You've probably heard the radio and podcast adverts, or you might've seen the big campaigns in built up cities. What was somewhat lost in these messages is that Smart has completely ditched the internal combustion engine - that's how seriously the company is taking electric cars.

The ForFour is the biggest car in the range, and seats four. A super-tight turning circle and brisk-ish performance are the things to write home about.

The electric range is relatively poor - at 81 miles. Still, that's enough for inner-city commutes. Plus from a fast charging point it can go from 10 to 80% in 40 minutes.*

>> £21,580 - £22,730
>> Range: 81 miles

>> View lease deals: from £170 per month
>> View for sale

*These deals are indicative examples of some packages available as of 11 June 2020 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: Vauxhall Corsa-e

Best electric car for £300 per month for: dipping a toe into electric car ownership

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, via a name they can trust.

It uses the same mechanical and electrical gubbins as the e-208 further up this list, but has a less flashy, and more ergonomic interior.**

Vauxhall Corsa-e SE NAV

  • Monthly cost: £300.88 (47 payments)
  • Deposit: £4,000 (including £1,000 deposit contribution)
  • Total amount payable by customer to buy car: £30,999.36
  • Cash price: £27,665
  • Mileage allowance: 5,000 miles per year
  • APR: 4.9%

>> Range: 200 miles
>> View lease deals: from £278 per month
>> View for sale

PCP: Honda e

Best new car under £300 a month for: cuteness

Honda E charging

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. 

There's no transmission tunnel going through the centre of the car, which means there is loads of room up front. Room in the rear is a bit tighter.

Range isn't up there with the big dogs of this list, at 136-miles. But it can be topped up from 0-80% in around 30 minutes using a rapid charger.**

Honda E PCP deal

  • Monthly cost: £299 (36 payments)
  • Deposit: £5,855.63
  • Total amount payable by customer to buy car: £32,684.63
  • Cash price: £29,160
  • Mileage allowance: 8,000 miles per year
  • APR: 5.9%

>> Range: 136 miles

PCP: MINI Electric Hatch

Best electric car for £300 per month for: style

MINI Electric Hatch (2020) driving

The coolest car on this list by quite a way. If you're looking for a MINI, that just happens to be electric, you're in luck - because the MINI Electric has managed to keep all of the best bits of the petrol cars like its nimble handling and cutesy looks.

The electric plug-shaped wheels split opinions. But the Range, at 145-miles between the plugs, is universally regarded as pretty poor when compared with others on this list.**

MINI Electric Level 1

  • Monthly cost: £303.88 (47 payments)
  • Deposit: £4,500.80 (including 80p deposit contribution, really)
  • Total amount payable by customer to buy car: £28,388.36
  • Cash price: £24,900
  • Mileage allowance: 10,000 miles per year
  • APR: 5.9%

>> Range: 140 miles
>> View for sale 

PCP: MG ZS EV

Best electric car for £300 per month for: size

MG ZS EV (2020) front view

Just look how big it is. If space is what you're after, the ZS EV is ridiculously cheap compared with what else is on offer. It's roughly Nissan Qashqai sized, whereas most of the other cars on this list can only offer Ford Fiesta proportions.

You can see where the savings are made inside - it's not exactly plush in there. At least the bootspace (448-litres) is unaffected from petrol versions.**

MG ZS EV Exclusive

  • Monthly cost: £299 (48 payments)
  • Deposit: £2,500 (including £2,500 deposit contribution
  • Total amount payable by customer to buy car: £34,048.86
  • Cash price: £30,995
  • Mileage allowance: 8,000 miles per year
  • APR: 4.9%

>> Range: 160 miles
>> View lease deals: from £340 per month
>> View for sale 

PCP: SEAT Mii Electric

Best electric car for £300 per month for: a city car with a decent range

2020 SEAT Mii electric

At the end of 2019 SEAT took the radical decision to ditch conventional petrol engines in the Mii and replace them with an electric motor, creating this car, the Mii Electric.

If you're after an electric car for the city that doesn't scream LOOK AT ME AND MY BIG ECO CONSCIOUS BRAIN the Mii is a great car to go for. It looks just like the old conventionally powered car, and for its size, there's a generous amount of room for passengers

A claimed range of 161.5 miles is double that of the Smart ForFour further up this list too.**

SEAT Mii Electric

  • Monthly cost: £275.79 (48 payments)
  • Deposit: £2,000
  • Total amount payable by customer to buy car: £22,708.33
  • Cash price: £19,800
  • Mileage allowance: 10,000 miles per year
  • APR: 5.8%

>> Range: 161.5 miles
>> View lease deals: from £213 per month

What to read next: 

>> 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 at 11 June 2020 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.