EV drivers can charge up and save money from 1st October

With reduced home electricity price tariffs from next month, EV drivers will be able to charge up for less, according to smart charging company Ohme.

However, EV drivers could make even greater savings by switching to a smart EV tariff and taking advantage of Ohme’s unique software technology. Ohme is the only charger provider that can work with both Octopus Intelligent and OVO Charge Anytime.

From 1st October, the Standard Variable Tariff for domestic electricity will be reduced to 28p/kWh, the lowest level for a year, ensuring that EV drivers can now save more money when charging. But by switching to a smart EV tariff, such as those from Octopus or OVO, EV drivers can reduce their charging costs much further.

“During the cost of living crisis, EV drivers will no doubt welcome this drop in the standard domestic electricity tariff,” said Ohme CEO David Watson. “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.”

With the average UK driver covering 6800 miles a year, charging on a smart EV 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 28p/kWh, that same annual mileage would cost £476. By comparison, the same mileage in an equivalent petrol car would cost a driver more than £1110.

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 EV 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.