EV drivers could be losing £372/yr over common mistake
Are You Overpaying for Your EV?
A recent revelation from EV charging company Easee might have electric vehicle owners rethinking their charging habits. As it turns out, by not exploiting smart tariffs, UK drivers are collectively forgoing an eye-watering £168 million annually. But what are smart tariffs, and how could they benefit you?
With a substantial chunk of Britain's EV enthusiasts continuing to charge during peak hours - between 8am and 11am, or 4pm to 10pm - this comes as a crucial consideration. By simply switching to off-peak periods with smart tariffs, drivers could save between £265 and £372 each year. That's not just good for the bank balance; it also helps balance demand on our electricity grid.
Timing Is Everything
Smart tariffs change their cost depending on the time of day. Off-peak hours can offer noticeably cheaper electricity rates compared to peak times when demand is high. The environmental benefits of smarter charging are tangible too; by alleviating pressure during peak hours, you’re contributing to a more sustainable energy system. Sam Levy, UK sales director at Easee, summed it up as "one of the simplest and most effective ways for EV drivers to save money and reduce their environmental impact."
Unfortunately, many EV owners might not have easy access to home chargers and rely on public stations. Here’s where convenience meets challenge: the average walk to a public charger for UK residents is nearly 12 minutes. Regional disparities make this harder; imagine being in the East of England and having to leg it for over 15 minutes!
The Future Is Electric – Are You Ready?
With the government set to ban new petrol and diesel vehicles by 2030, it’s crucial to tackle this issue head-on. Infrastructure improvements can make a significant difference, but in the meantime, understanding and utilising smart tariffs can provide immediate cost relief.
For those considering the switch to electric, these insights could be the nudge you need. At The Car Co, located on Manchester Road in Bury, we offer a wide array of vehicles, including electric and hybrid models. Whether you are upgrading or buying your first EV, our competitive finance options, starting at 8.9% APR, can make this transition smoother.
Should You Buy Now?
If you’re contemplating whether to buy an electric car or wait, consider the current benefits of smart tariffs and cost savings. While there's no rush to purchase immediately, planning with these savings in mind could optimise your future energy expenses.
In the heart of Greater Manchester, The Car Co is here to help with transparent guidance and a selection to suit every budget - from economical starters at £8,000 to deluxe models reaching up to £87,000. Whether you're new to electric or seeking your next upgrade, we're ready to assist in making your switch as seamless as possible.
Thinking about going electric?
Come and chat with us about your options and how we can align them with your budget and lifestyle needs. Let’s make your driving experience as eco and wallet-friendly as possible!