As electric cars become more prominent in our society and Government plans to ban the sale of new vehicles with combustion engines by 2040, many motorists are considering a switch to EV. Initial cost of car purchase and Government scheme initiatives aside, how much does it actually cost to charge your vehicle? For your reference, we have produced a quick breakdown of three charging methods and their associated costs.
Cost of Home Charging
Majority of EV drivers will charge their car overnight. Not only providing the convenience of waking up to a fully charged battery, but it is also a cost-effective way to 'fuel' your car. The average overnight electricity rate in the UK is 14p per kWh, costing roughly £3.50-4.00, which will give you a range of about 115 miles. When did the same money give you the same mileage in your petrol or diesel car?!
Charging at home is best done through a designated charge point. Not only does this somewhat shorten the duration of your charge, but will also assure that you are charging your vehicle in the safest way possible! See our products for home charging on ecoHarmony's website.
Cost to Charge at Work
Whilst some employers may charge for work-based charging, others offer free charging as staff incentives, or may opt for a time-based tariff to encourage sharing of charge stations.
A growing number of businesses around the UK are installing charging facilities. Employee demand is one of the key drivers behind this, so it is worth pointing out to your employer that work-based charge points can be made a reality if they apply for the Governments OLEV Work Place Charging Scheme.
Psst: Did you know that the Viridian EcoLite is available under the OLEV Work Place Charging Scheme?
Cost to Charge in Public
Many locations across the UK will allow you to top-up your charge whilst using car parks at a large variety of shopping centres, leisure centres, public car parks and so on. Whilst some locations will require a RFID card payment (much like a contactless debit card payment) to charge, most modern networks has a free-to-download app, allowing you to get an overview of charge point locations (and costs).
We recommend Zap Map to locate public charge points! To minimise stress, do remember to check what authentication method will be required at the charge point prior to your travels.
Cost of Rapid Charging
UK has one of the largest rapid charge network in Europe! Typically found at service stations, rapid charge points will allow you a full charge in the time it will take you to stop to grab lunch or coffee. Although rapidly providing required power, using these chargers is generally the more expensive way to charge. The tariff varies, with Tesla Motors providing free use of their Supercharger Network to owners of Tesla EVs, and others providing rapid charge at set cost or period rates. It does however appear that most rapid charging networks are moving to a kWp basis rather than a fixed cost period rate, providing further flexibility to the driver. The selling rate of this is currently around 25-30p/kWh. In comparison, the average domestic electricity charge is ~14p/kWh.
Don't disregard the rapid charge points based on cost only - rapid charging is unlikely to be a part of your day-to-day routine, and simply provide great coverage and are ideal for long distance journeys.
So besides from the opportunity to save cash on Congestion Charge, maintenance and free parking when swapping your petrol or diesel car for an EV, what other savings are made day-in and day-out? The average estimate is that you can save from ~£200 per month, to yearly fuel savings of over £2,500.
For more information on charge points, see our website www.viridianev.co.uk
To shop equipment for home- or workplace charging, see www.ecoharmony.co.uk.
Author: Christine Bjerkan
Sources: Zap Map | https://www.bbc.co.uk/news/uk-40723581 | https://www.lovemoney.com/guides/75501/electric-cars-vehicles-ev-running-costs-government-grants-cheap-charging?platform=hootsuite | https://www.weforum.org/agenda/2018/08/the-oslo-model-how-to-prepare-your-city-for-electric-vehicles/