EVs could get almost 10 times cheaper to run for drivers from October

From October 1, the Standard Variable Tariff for domestic electricity will be reduced to 28p/kWh, the lowest level for a year

With reduced home electricity price tariffs from next month, EV drivers will be able to charge up for less, says Ohme, the UK’s fastest growing dynamic smart charging company.

However, EV drivers could make even greater savings by switching to a smart EV tariff and taking advantage of Ohme’s software technology. Ohme can work with both Octopus Intelligent and OVO Charge Anytime, making it the only smart charging platform provider to do so.

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From October 1, the Standard Variable Tariff for domestic electricity will be reduced to 28p/kWh, the lowest level for a year, ensuring that EV drivers can now save more money when charging. But by switching to a smart EV tariff, such as those from Octopus or OVO, EV drivers can reduce their charging costs much further.

Ohme CEO David Watson said: “During the cost of living crisis, EV drivers will no doubt welcome this drop in the standard domestic electricity tariff. But Ohme’s unique charger technology combined with a smart EV tariff means that they can make bigger savings and have greater control over their charging – software that no other EV charging company has.”

With the average UK driver covering 6800 miles a year, charging on a smart EV tariff in a typical EV would cost just £127.50 for a year’s worth of driving with Octopus Intelligent at 7.5p/kWh. At the new Standard Variable Tariff of 28p/kWh, that same annual mileage would cost £476.

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With petrol prices at around £1.49/litre and the average mileage being 40mpg, by comparison, the same mileage in an equivalent petrol car would cost a driver more than £1110 — a staggering almost 10 times more than you would spend while driving an electric car.

Ohme is the official charger provider for Mercedes-Benz in the UK, as well as the Volkswagen Group in the UK and Ireland and customers on the Motability scheme, the largest fleet operator in the UK. It has been named as the Best Electric Charging Point Provider by Business Motoring and recently won Fast Track Company of the Year in the 2023 Green Business Awards.

Ohme’s smart chargers can connect with the national grid in real time and automatically adjust their charging for drivers to take advantage of all the times of low price charging with smart EV tariffs. Ohme also offers drivers the option to charge their car when renewable energy generation on the National Grid is at its highest, further lowering their carbon impact.

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