WITH reduced electricity tariffs on their way from 1 July, EV drivers will be able to charge their cars for less, but could save even more says smart charging company Ohme.
While the Standard Variable Tariff is lowering to 30p/kWh on 1 July, EV drivers could make further savings by switching to one of the many off-peak EV tariffs available from companies such as Octopus or Ovo.
Ohme Chief Executive David Watson said: “It’s great that the Standard Variable Tariff is dropping which will help EV drivers reduce their charging bills during this cost of living crisis.
But EV drivers can lower their bills more by changing to an off-peak tariff. If their existing energy provider doesn’t offer an off-peak tariff, then they should consider switching to one that does, to maximise the savings of running an EV.”
With the average UK driver covering 6800 miles a year, smart charging on an off-peak tariff in a typical EV would cost just £127.50 for a year’s worth of driving with Octopus Intelligent at 7.5p/kWh. At the new Standard Variable Tariff of 30p/kWh, that same annual mileage would cost £510. By comparison, the same mileage in an equivalent petrol car would cost a driver more than £1100. The current rate of 34p/kWh has been in place since 1 October 2022.
Ohme’s smart chargers can connect with the national grid in real time and their unique software can automatically adjust their charging for drivers to take advantage of all the times of low price charging with smart off-peak tariffs. Ohme also offers drivers the option to charge their car when renewable energy generation on the National Grid is at its highest, further lowering their CO2 impact.