How much does it cost to charge an electric car at home?

How much does it cost to charge an electric car at home?

How much does it cost to charge an electric car? It’s a question that’s being asked more and more, especially with recent fluctuating electricity prices.

The simple answer is that it depends on your home electricity tariff and how much you pay per kWh. The good news though is that, unlike a petrol car, you can have a huge influence on how much you pay through the numerous off-peak electricity tariffs on the market from the likes of Octopus and Ovo.

So, let’s do some basic maths to show you the effect you might be able to have on the running costs of your EV. The average UK driver covers 6800 miles a year which, in a typical petrol car, would cost more than £1100.

By comparison, in a typical EV, at the Standard Variable Tariff of 30p/kWh from 1^st July, those same 6800 miles would cost £510 for the entire year. However, if you switched your home charging to an off-peak tariff such as Octopus Intelligent (at just 7.5p/kWh) and managed to only charge during those hours (which many Ohme customers do) then those same 6800 miles would cost just £127.50.