Having an EV will save you money on your ‘fuel’ bill. Here’s how we worked it out
- The average annual mileage is 7,800 miles*. 1kWh equates to 4.2 miles. On average, charging your EV at home is done 80% of the time. So, 7,800 miles at 80% would use 1,500 kWh’s of electricity a year.
- On the Charge EV tariff, the average unit rate during the day is 16.80p/kWh (inc. VAT) and at night-time, it’s 9.45p/kWh (inc. VAT). OFGEM assumes that 58% of the consumption is used during the day, and 42% at night.
- So, 1500 kWh’s x 58% (day-usage) is 870 kWh’s pa, and x 42% (night usage) is 630 kWh’s pa. Taking our average unit rates above, your day usage could cost you £146 inc. VAT p.a. and your night usage could cost you £59 inc. VAT p.a. So in total, to ‘fuel’ your car with our Charge EV tariff, this could cost £205 annually.
We work that out as being nearly £400 saved!