The energy price cap was increased in April this year. This saw an unwelcome rise in bills for millions of UK households. The Guardian report the cost of home charging has risen by as much as 43%, and on-the-road recharges have increased by 25%. In spite of the increase in electricity prices, the cost of running an electric vehicle is still substantially less than a comparable fossil fuel-powered vehicle as the prices of petrol and diesel have also hit record highs in recent months.
Domestic electricity supply remains the cheapest option as it is taxed at 5% VAT as opposed to public charge point supply, which is taxed at 20% VAT. It may be useful to compare energy companies to see if there are deals with reduced night-time rates for overnight charging.
When considering running costs, it is also important to include general maintenance costs, e.g., brake systems, which usually last longer in electric vehicles than their petrol or diesel equivalents.
You may also benefit from free, prioritised parking in some parts of the UK, exemption from some congestion charges, and reduced tax compared to vehicles with internal combustion engines.
To have a wall box installed you will need a garage, driveway, or other type of off-road parking located close to your property. Charging leads must not stretch over public roads or footpaths.
If this is practical for you, the option to fully charge or top up your electric vehicle from home can keep the cost of charging your car to a minimum.
It is also extremely convenient; simply request a wall box charger to be fitted by a qualified electrician and plug your vehicle in when you get home!
Home charging can reduce worries around if your car’s battery will run out whilst you are driving (often referred to as “range anxiety”), and also reduce the need to consider charge point locations in relation to planned journeys.
Installation is compact and tidy and does not require multiple cables to be ran from your home.
Wall box chargers can be placed in a location that is convenient for you, e.g., on the side of your house, or inside your garage, affording you quick and easy access. Electric Vehicle charging ports are compatible with any electric vehicle and can deliver fast charging times.
Charging times differ depending on the size of the car battery and the speed of the charging point you opt for.
Why not call 01142 134 610 today to discuss charging point options, and receive a free appraisal of how much money you could save if you switch to charging your electric vehicle from home.