Easee, an EV charging technology company, conducted research on electric vehicle charging costs and advises how to save money on energy bills by avoiding peak time charging
Electric vehicle drivers across the UK are potentially losing out on up to £168 million annually on their energy bills by failing to switch to smart tariffs.
EV charging technology firm Easee carried out research into electric vehicle charging costs. The findings revealed that 28 per cent of Britain’s EV drivers continue to charge their vehicles during peak hours – between 8am and 11am, or 4pm to 10pm – rather than switching to off-peak periods with smart tariffs.
The company’s analysis showed that if motorists switched to a smart tariff, they could save between £265 and £372 annually, depending on their weekly charging requirements.
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This totals £168.2 million in missed savings nationwide, reports the Manchester Evening News. A smart tariff is an energy package that fluctuates in price throughout the day, with off-peak periods offering cheaper electricity rates whilst peak hours command higher prices.
Sam Levy, UK sales director at Easee, said: “Switching to a smart tariff is one of the simplest and most effective ways for EV drivers to save money and reduce their environmental impact.
“By charging at off-peak times, drivers can cut their annual energy bills by hundreds of pounds while helping to balance demand on the grid.”
Easee currently operates 82,000 chargers installed across the UK and 900,000 units throughout Europe, making EV charging more accessible across the continent.
Recent research by Motability Operations, a company that provides vehicles for disabled individuals, has revealed that the average walk to a public charger for UK households is nearly 12 minutes.
Many electric vehicle (EV) owners without private parking rely on these public chargers, often using them overnight. However, there are significant regional differences in the average walking time to these chargers, with it taking over 15 minutes in the East of England compared to just over three minutes in London.
These gaps in local charging infrastructure could deter many drivers from switching to electric cars. Given the Government’s commitment to prohibit the sale of new petrol and diesel cars and vans from 2030, this issue needs to be tackled sooner rather than later.
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