It means it now costs 13.33 pence per mile (ppm) to charge your vehicle during peak tariff hours, which cover most of the day up until 12am. After 5am, you can charge your EV up to 80% for £23.60.
A price drop also happened with the “slow” off-peak rates, which dipped by 3p/kWh in June, according to The AA‘s monthly EV Recharge Report.
To fill up your vehicle at that speed to reach 80% would set you back £16.80, and to charge your car during off-peak hours – typically between 12am and 5am – came to 9.49ppm.
The pricing means if you have an EV and use the kerbside charging points outside your home overnight, you’ll save 3.3ppm compared to motorists using petrol.
If you can set up your supply of charge for your EV, that saving escalates to 7.7ppm on a flat-rate tariff.
Wellness and wellbeing holidays: Travel insurance is essential for your peace of mind
Out of the pandemic lockdowns, there’s a greater emphasis on wellbeing and wellness, with
Sponsored by Post Office
Elsewhere, the speedier rates of charging known as “fast”, “rapid” and “ultra-rapid” remained the same as the previous month in May. A “fast” charging rate was unchanged at 16.95ppm to boost your battery in off-peak hours.
The savings available with EV charging come at a time when those filling up with petrol are still “yet to get a fair deal” as retailers hoard hefty profit margins on their fuel. This is still the case despite prices slowing by 2.4p to 147.88 pence per litre (ppl) last month.
While battery charging rates are dropping, Jack Cousens, head of roads policy at The AA, urged the Government to improve electric-charging infrastructure so more people can shift to electric driving.
Cousens said: “The fall in peak and off-peak slow charging prices is excellent news for those EV drivers without any off-street parking. Considering 40% of households don’t have their own driveway or parking space, keeping residential charging prices low is vital to help prospective EV owners make the switch.
“During the election campaign, Labour often spoke about their intention to decarbonise the transport sector, especially cars.”
He added: “There is much for the new Government to do on the road to decarbonisation, but they can tap into some early wins such as cutting VAT on public charging to reduce prices further while providing more localised support to build chargers in areas where the infrastructure gap is widening.”
How much to charge my EV?
Peak and off-peak:
Flat rate:
