Drivers could save hundreds with EV smart charging - 'desperately needed'

DRIVERS could save hundreds of pounds a year by switching to an EV-friendly tariff, but the majority

DRIVERS could save hundreds of pounds a year by switching to an EV-friendly tariff, but the majority of electric car owners don't know this.

Drivers can already make a slew of savings by investing in an electric car, including a Government grant for low-emission vehicles and lower car tax rates. The Government’s energy regulator, Ofgem, has already invested £300million for over 200 low carbon projects to get Britain ready for more electric transport and heat.

In May, it also announced new infrastructure to support 1,800 new ultra-rapid charging points at motorway service areas. This has been pointed out as a necessity for EV infrastructure around the UK, especially with the incoming ban on the sales of new petrol and diesel cars in 2030. All of these measures are part of an even wider investment from the Government and the Department for Transport to invest in cleaner energy.

More than £40billion has already been confirmed, with Ofgem saying more would follow in 2022. Despite the planned investment, Ofgem recently released a report which showed the majority of the UK’s drivers have not switched their home energy tariff since buying their car.

In response to this, Rightcharge helps EV drivers find the right charge point and energy tariff combination for their home charging needs.

It does this via its transparent, easy to use online comparison tool which it hopes will help reduce global emissions by five million tonnes by 2030.

Charlie Cook, the CEO of Rightcharge, commented on the Ofgem investment, as well as the savings that EV owners could make.

He said: “The support from Ofgem is desperately needed.

“Smart charging is entirely feasible from every perspective today (technologically, commercially and regulatory).

“The electric vehicle revolution is happening quicker than ever today. Even for those who have been in the industry for many years, the pace of change in 2021 feels really exciting.

“It is fair to say that it feels like 2021 is the year that electric vehicles became mainstream and along with that UK drivers are now learning how best to ‘refuel’ their car.

“Charging at home – even without switching from a standard home energy tariff – saves drivers hundreds of pounds per year. 

“Ofgem’s support for smart charging and vehicle-to-grid are particularly exciting for us.

“Smart charging will mean that drivers will be able to save more than £500 per year on their energy bills by switching to an EV-friendly tariff and using a smart charging point to schedule for low, overnight rates.

“This also reduces carbon emissions by 25 percent as the grid is cleaner overnight than it is during the evening.”

Vehicle-to-grid technology will help advance the UK’s charging network as EVs will be transformed into a massive, distributed battery storage system while they are parked at home.

Drivers will be able to use their car to buy electricity when it's cheap and sell it when it's high and will be able to plug in their car and earn money while they sleep.

Charlie Cook continued, saying: “Smart charging has an awareness problem, and we are working with the UK’s largest automotive companies to fix that by bringing EV-friendly energy tariffs & smart charging advice into the UK’s showrooms.

“Vehicle-to-grid suffers from more difficult challenges currently but ones that we firmly believe will be overcome. The cost of the equipment required for vehicle-to-grid needs to come down and the value that can be generated needs to go up.

“There is a route to quickly reducing the cost by car manufacturers building the bi-directional charger into the vehicle.

“We’re sure that Ofgem’s support will accelerate the adoption of smart charging and vehicle-to-grid.

“And in doing so this will absolutely increase the rate of adoption of electric vehicles.”