Electric vehicle drivers are being warned of a potential £50 increase in charging costs from July 1, as the energy price cap is set to rise by 13%. The motoring team at LeaseLoco.com is advising EV drivers on how to keep their charging costs low by taking advantage of the best charging times and using efficient charging practices.
Recent research from WhatCar? has revealed that the changes mean some drivers will be paying up to £50 more to charge their cars. The experts are advising drivers to charge their cars efficiently, keeping the battery between 20% and 80%. Drivers should also make use of smart charging features and off-peak time periods to help keep their overall charging costs low.
Expert Advice from LeaseLoco CEO
John Wilmot, CEO of LeaseLoco, said: "Unfortunately the price cap change will affect those with an electric vehicle when it comes to home charging, and what we’re seeing is a result of the ongoing conflict in the Middle East. Drivers should consider becoming savvy about their charging times if they’re not already. Charging overnight will remain cheaper so it’s worth making a conscious effort to charge then."
He added: "There are other ways you can make the most of your EV battery. If your car has smart charging, then it’s worth getting familiar with how it works. You’ll need to plug in your car and set your departure time and it will automatically begin charging during the cheapest off-peak period. The reality is that prices are fluctuating as a result of the ongoing changes in the energy market and for EV drivers this means they should keep an eye on tariffs and consider a fixed plan if possible."
How to Keep EV Charging Costs Low
Continue to Charge at Off-Peak Times
Despite fluctuating costs, it’s still cheaper to charge cars during off-peak hours so consider charging overnight as these rates are significantly lower.
Avoid Public Chargers
Where possible, try to avoid using public EV chargers as they’re still generally a lot more expensive to use than home ones.
Charge Efficiently
It’s generally advised to keep your car charged between 20% and 80% on a daily basis to prolong its life and performance. Avoid charging it to 100% unless you’re going on a long journey, as this can increase battery temperatures and cause stress.
Make Use of Smart Charging Features
Smart charging allows you to plug in your EV and set your departure time. It will then automatically charge your car during the cheapest off-peak periods, without you having to check.
Shop Around
Do your research and regularly compare plans to ensure getting the best deal as prices change. Also, consider a fixed tariff.
