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.
Volkswagen Group Ireland is Ireland leader in battery electric vehicles (BEV). In 2022, its retail brands led the way with a combined EV market share of 34%. The Volkswagen ID.4 has been Ireland’s best-selling vehicle for the past two years running.
Smart metering works by enabling EVs to schedule charging to times when energy prices are cheapest, such as overnight when demand is low or on sunny and windy days when there is an abundance of cheap solar and wind energy. This reduces emissions, takes pressure off the grid at peak times and keeps costs low for drivers.
Enter your email to stay informed of the latest EV news, reviews, the full range of electric vehicles available in the UK and lots more.