How much is the cost of going electric per month?

One of the main reasons people switch to electric mopeds is the lower running cost compared to petrol models. But how much can you realistically expect to spend each month? Here’s a simple breakdown covering charging, insurance, servicing, and MOT costs.

Electricity cost per charge
Charging an electric moped is very cost-effective. For example, Steed batteries have a capacity of 1.2 kWh. Based on the UK energy price cap for Q4 2025, at £0.26 per kWh, a full charge costs around £0.32 per battery.

If your electric moped with one battery delivers roughly 20 miles per charge and you ride about 10 miles per day, you’ll likely need 3–4 charges per week.

Estimated monthly electricity cost:

£3.80  - £5.10 per month

By comparison, petrol scooters can cost anywhere from £30 to 40 per month in fuel (approx. 10p per mile at 10 miles per day), so the savings are significant.

Insurance costs

Electric mopeds require insurance in the UK, just like petrol scooters. The good news is they’re often cheaper to insure, as they typically have lower top speeds.

Premiums vary depending on factors such as age, location, driving history, and the model itself. Based on customer feedback, insurance for Steed mopeds usually falls within:

Estimated yearly insurance cost:

£80 to £250 per month

Servicing and maintenance costs

Electric mopeds have fewer moving parts and don’t require things like oil changes, air filters, or spark plugs. This keeps maintenance simple and affordable.

Typical upkeep includes brake checks, electrical inspections, and replacing worn components. On average, riders spend around £50 to £150 per year, often less with warranty cover. For more information about the warranty of Steed, you may check here.

Estimated monthly servicing and maintenance:

£5 to £13 per month

MOT yearly cost

After three years from registration, your moped will need an annual MOT to ensure it meets road safety and environmental standards. The maximum fee for a moped MOT is £29.65.

Estimated monthly MOT cost:
£2–£3 per month

Total monthly running cost
Adding all the cost, the estimated monthly cost would be £15.50 - £38.90 for the first 3 years while an estimated monthly cost of £17.50 - £41.90 once you start taking the yearly MOT.

Electric mopeds are one of the most cost-efficient ways to get around, particularly for city commuting. With low charging costs, minimal maintenance, and fewer mechanical parts, they can save you hundreds of pounds each year compared to petrol alternatives. If you’re looking to cut down on running costs while also reducing your environmental impact, an electric moped is a smart long-term choice.

https://www.ofgem.gov.uk/news/changes-energy-price-cap-between-1-october-and-31-december-2025