Drivers of electric cars could charge their EVs for less than £10 a month using latest smart EV tariffs, according to Ohme.

A smart EV tariff such as Intelligent Octopus Go could reduce a typical EV driver’s annual costs to less than a tenner a month

The reduction in electricity prices from 1 July will enable EV drivers to benefit from lower charging costs, but they could make even greater savings when charging at home with a smart EV tariff such as Ohme’s.

As the standard variable tariff drops to 22.4p/kWh on 1 July, the lowest price in almost two years, drivers of electric vehicles will be able to enjoy greater savings when charging at home. However, a smart EV tariff such as Intelligent Octopus Go could reduce a typical EV driver’s annual costs to £9.92 a month.

Ohme’s dynamic smart chargers can connect with the grid in real time, automatically adjusting to optimise the cost of charging and accessing all the times of the smartest, greenest and lowest cost energy tariffs.

Charging on the new standard variable tariff in a typical EV for 6,800 miles of driving – the UK annual average – would cost £382.50. On a smart EV tariff, such as Intelligent Octopus Go with its 7p/kWh  price, the same mileage would cost just £119. The same distance in a petrol car would cost more than £1,100.

“This latest reduction in the price of electricity will be welcome news for drivers of EVs,” said David Watson, Ohme CEO. “However, they could easily lower those bills further by finding out if their electricity supplier offers a special tariff for EV drivers. If not, then they should consider switching to an energy provider that does to enjoy even greater savings when running an EV.”