Electric car drivers need to act 'quickly' to avoid massive energy price hike

Financial experts have warned drivers of dramatic increases in energy prices this winter, with one group predicting energy bills could soar to more than £3,600 a year. As a result, electric vehicle owners are being told to ensure they are on the best possible smart charging tariffs at home.

Until now, EV drivers have enjoyed incredible savings compared to driving a petrol or diesel car.

However, industry experts are now predicting wholesale prices to more than double this winter.

It is expected that this will raise the Standard Variable Tariff set by Ofgem to around 60 pence per kWh (up from the current 28p/kWh).

Drivers of electric cars will be hit especially hard by this increase as it could see their running costs rise dramatically.

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If, as predicted, that standard electricity tariff rises to 60p/kWh, those same 6800 miles would cost an EV driver £1020 – eight times more than on an off-peak tariff.

David Watson, CEO of Ohme, has warned drivers that they need to future-proof their motoring costs with a smart charger.

He said: “It’s great that so many drivers have made the switch to an electric vehicle, but if they’re not already on an off-peak tariff, those drivers need to quickly review their options to protect themselves from these future wholesale price rises.

“Our advice at Ohme is to speak to your existing electricity supplier and see if they offer an off-peak tariff such as Octopus or OVO Energy. 

For those without home charging capabilities, the latest Zap-Map data shows that 1,332 new charging devices were added in July.

At the end of July 2022, there were 33,281 charging points across the UK, across 20,336 charging locations. 

This represents a 35 percent increase in the number of charging devices since July 2021.

These figures do not include the many charge points installed at home or at workplace locations, which are estimated to be more than 400,000. 

Some of these charge points are available to the public in some form via community or visitor charging.

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