EV drivers can charge for less than £10 per month on best tariffs

Drivers of electric cars could charge their EVs for less than £10 a month, according to smart charging company Ohme.

With electricity prices reducing from 1 July, EV drivers will already be able to enjoy lower charging costs, but they could make even greater savings when charging at home with a smart EV tariff.

As the Standard Variable Tariff drops to 22.4p/kWh, the lowest price in almost two years, drivers of electric vehicles will be able to enjoy greater savings when charging at home. However, a smart EV tariff such as Intelligent Octopus Go, which can be accessed through chargers including Ohmes’ devices, could reduce a typical EV driver’s annual costs to just £9.92 a month.

“This latest reduction in the price of electricity will be welcome news for drivers of EVs,” said David Watson, Ohme CEO. “However, they could easily lower those bills further by finding out if their electricity supplier offers a special tariff for EV drivers. If not, then they should consider switching to an energy provider that does to enjoy even greater savings when running an EV.”

Charging on the new Standard Variable Tariff in a typical EV for 6,800 miles of driving (the UK annual average) would cost £382.50. On a smart EV tariff such as Intelligent Octopus Go, which costs 7p/kWh, the same mileage would cost just £119. The same distance in a petrol car would cost more than £1,100 at current average fuel prices.