Ohme can cut EV home charging costs by 67% via dynamic tariffs

EV home charging costs can be cut by more than two thirds on the back of the new Standard Variable Tariff for electricity, says Ohme.

From today (July 1), the Standard Variable Tariff (SVT) for electricity has dropped from 27p per-kilowatt hour to 25.73p/kWh. Yet with the combination of an Ohme smart charger and a dynamic EV-friendly tariff such as Intelligent Octopus Go or E.ON Next Drive, home charging can be reduced even further to 7p/kWh and/or 6.7p/kWh respectively.

Using Intelligent Octopus Go, a Volkswagen ID.5 with a 77kWh battery can be charged from 0% to 100% (344 miles) for £5.39. Sticking with the SVT will see that charge more than threefold to £19.82.

Moreover, remaining on the SVT means drivers covering 6,800 miles a year will pay £437.41 for a year’s worth of electric motoring. Switching to Intelligent Octopus Go or similar, the cost to charge at home will drop to £119. Either way, this remains cheaper than the annual running costs for a petrol or diesel car, which come to over £1,000.

Ohme CEO, David Watson commented: “Charging at home will always be the most affordable place for EV drivers to charge their cars and this lower electricity price is great news to help them reduce their running costs. However, any EV driver charging at home should look at switching to one of the wide range of energy tariffs that drop those costs still further to help save them even more money.”

Earlier this year, EV Powered looked into a number of ways regarding how motorists can save money on EV charging. Reflecting Ohme’s analysis, switching to an EV tariff and dynamic charging came out as the top options. Other alternatives include a switch to solar energy, off-peak charging, and taking out a Charge Point Operator (CPO) subscription. To read the list in full, click here to discover other ways to save.