With petrol and diesel prices already 27 percent higher than at the start of the year, there has never been a better time for drivers to save on their motoring costs by switching to an electric vehicle.
While drivers can save money simply by switching from petrol or diesel to an electric vehicle, even bigger savings can be had by then smart charging using one of the many off-peak tariffs on offer from energy providers.
David Watson, Ohme CEO, said: “Ohme’s smart chargers can connect with the national grid in real time and automatically adjust their charging for drivers to take advantage of all the times of low price charging with smart electricity tariffs.
“The result is that EV drivers can potentially run their car for less than £130 a year by smart charging their EV with an Ohme charger. For some petrol or diesel cars that could be what some drivers are paying for a single tank of fuel but here it’s for a full year of EV driving.”
Off-peak electricity tariffs enable drivers to charge their electric vehicles for a certain amount of hours each day, often overnight, at a much lower cost than their standard rate of electricity. Rates can be as low as 7.5 pence per kWh with the Octopus Intelligent tariff compared to the Ofgem energy price cap of 28 pence per kWh.
At 7.5 pence per kWh, it means that a typical UK driver’s annual mileage of 6800 miles in an average electric vehicle could cost just £127.50. This is less than £11 per month. Even an economical internal combustion engine (ICE) vehicle would be at least 10 times this amount.
The advantage of using a smart charger, such as Ohme’s Home Pro, is that it can adjust charging times according to your tariff without needing to be pre-set for certain hours. With energy suppliers moving towards more flexible tariffs for drivers, this functionality will become increasingly valuable to those driving an electric vehicle.
This makes the running cost of electric vehicles considerably cheaper than ICE vehicles, with the bonus of zero emissions. Ohme also offers drivers the option to charge their car when renewable energy generation on the National Grid is at its highest. This further lowers their CO2 impact.