It’s not overly complex, but there are a few factors to keep in mind when weighing up the money side of switching to an EV.
If you’re lucky enough to have a private garage or car port, then the simplest – and most cost effective – option is to have an EV charging station installed in your home. This will allow you to plug in your EV and charge it overnight, and with off-peak electricity tariffs you could be making further savings.
If you don’t have a private garage, don’t worry, as there are still plenty of options for charging your EV. Thanks mostly to the efforts of State Governments, public EV charging stations are becoming increasingly widespread and commonplace. These charging points are linked to charging networks, and essentially work in the same way as any public phone or ATM. You just plug in your car, choose a plan, enter your payment details and you’re off.
The cost of EV charging, whether at home or at public station, depends mainly on your electricity provider and the type of charging you’re doing. In both cases, it’s always worth taking advantage of low-cost, off-peak tariffs or other discounts when available, as these can help to make your EV charging even more cost effective.
Whether you’re just starting to research electric vehicles, or you’re ready to make the switch, the options for plugging in your EV are plentiful and cost effective. So don’t let the cost of EV charging put you off - the savings and benefits of going electric often outweigh any initial outlay.
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