Economist says drivers could save up to £8,350 with one switch
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Drivers are in the dark about EV charging costs, with only 4% knowing they could charge an EV at home for less than the price of a latte, according to new research. Data shows the average driver thinks EV at home charging is 10 times pricier than it could be, with almost two thirds admitting they have little to no knowledge about EV charging costs.
UK drivers spent an average of £48 on petrol the last time they filled up their tank, with over three quarters reporting worry about rising fuel costs. Over half drive less than they used to due to the cost of petrol.
To make a point, E.ON Next, opened EVerything £2.70, a grocer that only stocked items worth £2.70, the same price drivers could be paying to fully charge their EV overnight at home. The store included a range of goods with a £2.70 price tag, such as four fifths of a shop bought coffee, one and a half loaves of bread, just under half a pack of toilet rolls and three quarters of a box of cereal.
E.ON Next partnered with economist Dr Sofia Sanchez to highlight the savings different groups of people living in the UK could make on fuel if they switched to EV.
Dr Sanchez' found high-mileage drivers, such as a salesperson covering 20,000 miles annually, could save more than £8,350 in running costs over three years. In the same amount of time, parents who use their car mostly for school drop-offs, supermarket runs, and short commutes could save £2,510. A professional commuting regularly to work could also see potential savings of up to £3,797 over three years travelling 30,000 miles.
Dr Sanchez found lower-mileage drivers, such as university students travelling 5,000 miles, could save more than £1,600 across three years, while a retired person driving 6,500 miles in rural areas could be saving over £3,500.
Jean Coleman, Director of Commercial at E.ON Next, said: 'There are common misconceptions when it comes to the costs associated with running electric vehicles, which is why we wanted to highlight the potential savings through our EVerything £2.70 experience.
'As more people in the UK look at ways to lower their energy bills and reduce impact on the environment by switching from fuel to electric, there are now means to achieve both. We want to help people get the best value as part of the UK's transition to clean energy and empower our customers with innovative tariffs.'
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