Skyrocketing energy bills have pushed charging prices to new heights, with some warning this could scupper a greener, battery-powered future. EU households had to pay on average 72 per cent more for each kWh of electricity than the previous year, as of September 2024.
With this in mind, Sunpoint has devised this short and simple guide to help keep EV costs down during a biting cost of living crisis.
Charge your EV at work. The home remains the most common place to charge. Yet, this pattern is changing, with 40% of Europeans reporting they now charge their EVs at work. With government schemes helping to cover installation costs, some businesses have installed EV charging points in a bid to improve their green image, while seemingly reducing the environmental impact of their staff and operations.
Charge EVs overnight to save money. If you can manage to stay awake long enough, charging overnight on off-peak rates can save a pretty penny. What is greenhushing? Electricity is cheapest at around 2 am in most places. But don’t worry, chargers can be set to power up then, ensuring a good night’s sleep.
Choose charge rate carefully. Charging at home is always cheaper. However, if you must charge in public, choose a slower AC rate to save money. A record number of public electric car chargers were installed by British companies in 2024 as they race to dominate a fast-growing and potentially lucrative market.
There were more than 8,700 public chargers installed in the UK last year, bringing the total to more than 37,000, says data company Zap-Map.
Also be on the lookout for cheaper community charging points. Parking app Just Park has reported a 77 per cent increase in the number of these people-led alternatives, with more and more EV drivers sharing their home solar systems with the wider community.
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