Will An Electric Vehicle, Hike Up My Electricity Bill?

It’s without question that there’s going to be some reluctance towards purchasing an electric vehicle, with one of the more common anxieties surrounding exactly what toll charging one at home will have on your electricity bill.

 

It’s quite an easy conclusion to jump too, that a potential hike in your electricity bill will make it not worth your while purchasing an electric vehicle. However, once compared with the cost to run a current petrol car, it really is a no-brainer.

 

Petrol prices are currently sky high at approximately 133.1p per litre. Combine this with rising road tax and insurance costs, and you’ve got yourself a pretty expensive package. But with an electric vehicle, you could potentially slash road tax (depending on the cost of your model).

 

What about the actual charging of the vehicle though?
This is where the most of your hard-earned cash will be saved. Using the NISSAN Leaf as an example, an average cost for a full charge is approximately £3.64. This will give you roughly 115 miles of range. As you can clearly see, £3.64 for 115 miles is just not something you’d ever, ever see at the pump these days. The average overnight cost for electricity, whilst leaving your car charging over night equates too 13p per kWh.

 

On average, filling up petrol for a car to run 100 miles costs approximately £12 to £15. Compare this to the £3.64 for a full Nissan Leaf charge, and you’re saving on average £10 per fill up. Say if you fill up once a week for example, saving £10 a week, this would result in a saving of around £512 a year.

 

Some electricity suppliers are even offering packages tailored specifically for electric vehicle users. This means offering cheaper electricity at certain points in the day, to encourage charging during these periods, potentially saving you money again.

 

A slight digression, however it’s also worth noting the steady growth of solar battery storage solutions allows consumers to use energy directly from sunlight, and store it for use later. This could then be used to charge your electric vehicle during the night, when there is no sunlight to power your home. Again, saving you money on relying on the grid for power.

 

So, will charging an electric vehicle take its toll on your electricity bill?
Rather quite the opposite. You could potentially save money, and contribute to a cleaner, greener environment in the process.

 

As I said, no brainer.

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