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Cost Efficiency

Ohme urges EV drivers to cut home charging bills as electricity price cap falls

David Watson said: “Charging at home will always be the most affordable place for EV drivers to charge their cars."

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From 1st July, electric vehicle (EV) drivers can expect to pay less for charging at home, following a drop in the UK’s Standard Variable Tariff (SVT) electricity rate.

However, EV charging specialist Ohme said those savings could be even greater – with drivers able to cut their charging bills by more than two-thirds by switching to a smart energy tariff.

The new SVT electricity rate will stand at 25.73p/kWh, which already reduces EV charging costs.

However, smart tariffs such as Intelligent Octopus Go, which offers rates as low as 7p/kWh, could allow drivers to run their EVs for less than £10 a month.

David Watson, CEO of Ohme, said: “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.”

For example, fully charging a Volkswagen ID.5 (77kWh battery) at the SVT rate would cost around £19.82.

With Ohme’s smart charger and Intelligent Octopus Go, the same charge could cost just £5.39 – more than three times cheaper.

Over a year, a typical EV driver travelling 6,800 miles could spend £437.41 on charging, versus just £119 on a smart tariff.

A comparable petrol car would cost over £1,000 in fuel for the same mileage.

Ohme is the official charging partner for major manufacturers including Volkswagen Group, Mercedes-Benz, Volvo Cars, Hyundai and Smart, and is the exclusive provider for Motability customers, the UK’s largest fleet operator.

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