Electric car drivers to save almost £1,000 compared to petrol vehicles within weeks
EV drivers could pay as little as £127.50 for a year's worth of driving
PA
Electric car drivers are set to benefit from major savings after October 1 with the introduction of reduce home electricity price tariffs.
From the start of October, the Standard Variable Tariff for domestic electricity will be reduced to 28p/kWh – the lowest level for a year.
Experts are now hopeful that the price drops will allow EV drivers to save more money when charging their vehicles.
However, electric car owners could save even more money by switching to a smart EV tariff, with many opting for plans from Octopus or OVO.
Electric car drivers could save hundreds
OHME
The average UK driver covers around 6,800 miles a year, which would set petrol drivers back more than £1,110.
In comparison, charging at the new Standard Variable Tariff of 28p/kWh, drivers travelling the same average distance would be paying £476.
For those charging on a smart EV tariff in a standard electric vehicle would pay just £127.50 for a year’s worth of driving with Octopus Intelligence at 7.5p/kWh.
David Watson, CEO of Ohme, commented on the impending price drops, saying it would help motorists hundreds of pounds.
He said: “During the cost of living crisis, EV drivers will no doubt welcome this drop in the standard domestic electricity tariff.
“But Ohme’s unique charger technology combined with a smart EV tariff means that they can make bigger savings and have greater control over their charging – software that no other EV charging company has.”
Ohme’s smart chargers can connect with the national grid in real time and automatically adjust charging for drivers to achieve the lowest prices.
Drivers can also choose whether to charge using renewable energy, further reducing the CO2 impact of their motoring.
It is estimated that there are more than 400,000 chargers installed at homes and at workplaces across the country.
Some drivers can still apply for the Government’s EV chargepoint grant, which provides funding of up to 75 per cent towards the cost of installing EV smart chargers.
If an electric car owner is a landlord, owns or rents a flat, they are able to get funding from the scheme which replaced the Electric Vehicle Homecharge Scheme in 2022.
Landlords can receive £350 or 75 per cent of the cost to buy and install a socket for up to 200 residential properties or 100 commercial properties each financial year.
LATEST DEVELOPMENTS:
Some EV drivers can apply for funding to install a home charger
REUTERS
People who own or rent a flat are eligible for the funding if they have an electric vehicle and if their home has its own private off-street parking space.