New data from CrowdCharge reveals significant cost savings associated with electric vehicle ownership. While the initial purchase price of EVs might be higher than petrol cars, the running costs are demonstrably lower.
Charging an electric car at home costs roughly half the price of fueling a petrol car. This translates to annual savings of around £600. Additionally, smart charging technology can further reduce charging costs by £200 per year.
The most significant savings come from vehicle-to-grid (V2G) charging, where EVs can feed electricity back to the grid during peak hours. This approach can bring annual charging costs down to £250, or even eliminate them entirely when combined with home solar panels.
These findings are particularly relevant for fleet operators. CrowdCharge’s smart charging technology allows companies to optimize charging schedules for both cost and carbon footprint. Data suggests fleets can achieve CO2 emission reductions of up to 63%, making EVs a compelling option for environmentally conscious businesses.
The lower running costs of EVs, combined with advancements in charging technology can make them a more attractive proposition than ever before for small businesses. And as V2G technology becomes more widely available, the cost benefits of electric vehicles are likely to become even more pronounced.
Source: CrowdCharge
