Statistics reveal that home chargers save you the most money overall, with public chargers and fast rapid charging not far behind. Regardless, the savings you make with an EV are substantially better in comparison to ICE vehicles.

Home EV charging vs fuel

When comparing home charging costs with fuel costs for 100 miles, the cost per kWh for a home charger is around 7p with 20kWh used up over 100 miles of travel, bringing the total expense to £1.40. Compare this to fuel costs wherein the cost per litre of fuel is approximately £1.50: an ICE uses roughly 9 litres of fuel per 100 miles, bringing the total expense to £13.50. In this instance, an EV is more beneficial by around £12.10.

Public charging points vs fuel

Despite the slight rise in price, public charging cost benefits far outweigh those of fuel costs. On average, the cost per kWh is 49p. And with approximately 20kWh used over 100 miles, the overall cost comes to £9.80. If you compare this to the fuel cost of £13.50, you’re still making a neat saving of around £3.70.

Public charging DC charge (fast/rapid chargers) vs fuel

This may be the most expensive out of all the EV charging options costing 85p per kWh –over 100 miles with 20kWh takes the overall cost to around £17. This may be slightly more than fuel costs, but gaining an extra 100 miles of range in just 12 minutes, especially if you’re on a tight schedule, is well worth the cost.

The sums are in

The numbers are conclusive whichever way you look at it. EV driving is not only healthier for the environment but also for your bank account! Taking all the numbers into account, on average you can enjoy savings of around £4.64 – and those small savings over a period of time can make a big difference!

Are you swayed by the electric force? Come down to your nearest Arbury dealership today to explore our full range of EVs and chat with our friendly, expert team who are happy to answer any further questions you have.