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How To Save Money By Switching To An Electric Vehicle: Ohme's Top Tips
With World EV Day approaching on 9 September, drivers can achieve significant savings by switching to electric vehicles, according to Ohme, a leading smart home EV charging company in the UK. Ohme offers solutions to charge cars more efficiently and affordably. To celebrate World EV Day, here are five money-saving tips for EV drivers.
Switching to an electric vehicle can lead to substantial savings compared to petrol or diesel cars. The average driver spends over £1100 annually on fuel. By switching to an electric car and charging it at home, costs could drop to just £416.50 per year with the new electricity rate starting 1 October.
Opting for a dynamic home electricity tariff can reduce EV running costs significantly. Companies like Octopus and OVO offer tariffs that allow drivers to run their EVs for less than £10 a month. With an Ohme EV charger, you can access the UK's cheapest electricity tariffs, potentially spending just £119 annually for 6800 miles of driving.
Cheaper Overnight Electricity
Some dynamic tariffs offer reduced rates for all household electricity during certain times, usually overnight. This means not only cheaper EV charging but also lower costs for other household appliances used during these times, further increasing overall savings on your electricity bill.
Get an EV Company Car
If you have a company car, consider switching to an electric vehicle. Electric vehicles incur just 2% Benefit-in-Kind company car tax for 2024/25. Alternatively, you can opt for an EV through salary sacrifice from your employer, where leasing payments are deducted from your gross income before tax, leaving you with more disposable income.
Take Part in a Grid Flexibility Trial
This summer, Ohme participated in the CrowdFlex energy trial by Ofgem. The project incentivised EV drivers to plug in their cars more frequently to understand their role in balancing the future electricity grid. Participants earned rewards simply by plugging in at home. Ohme is involved in a similar trial from this month until April 2025. Such grid flexibility services could save consumers £10 billion annually by 2050.
Ohme was established in 2017 and has become the UK's leading smart charging platform provider. The company offers dynamic smart charging systems that enable consumers to charge during off-peak times, reducing both costs and environmental impact. Recognised as a 'gigacorn' by investors, Ohme has the potential to eliminate one gigatonne of CO2 from the atmosphere each year.
Ohme is the official charger provider for Hyundai, Mercedes-Benz, Polestar, and Volkswagen Group in the UK and collaborates with housing developers like Harron Homes and Hollins Homes. Recently, Ohme achieved ISO 9001 and ISO 27001 certifications for quality processes and information security standards.
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