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Can You Save Money with a Domestic EV Charging Station?

An image of a commercial EV charger in a car park.

As the world is moving towards a more sustainable future, electric vehicles (EVs) are gaining more traction as an eco-friendly transportation option. Not only do they produce zero or very low emissions, but they also offer a quiet and smooth driving experience. However, one of the main concerns for potential EV owners is the cost associated with charging their vehicles at home. The concern led many car owners to second guess and ultimately decide against purchasing an electric car. In this blog post, we will discuss whether you can save money with a domestic EV charging station.

Domestic EV Charger Vs Public EV Charger

To understand if a domestic EV charging station can save you money, we first need to consider the cost of charging an EV at home. Wallbox chargers are capable of providing 7kW charging, which can charge a standard electric vehicle from 0-80% in approximately six hours. Typically, the cost of the charging process would be around 14p per kW, resulting in a total cost of £5-£14 to charge an EV.

Compared to home charging, public charging stations are usually more expensive. The cost per kilowatt-hour (kWh) of electricity at public charging stations can vary depending on the location, but on average, it can be around 48p per kWh. This cost can also vary depending on the time of day, type of charging station, and other factors.

Domestic EV Charger Vs Petrol

The cost of charging an electric vehicle (EV) depends on several factors, including the location of the charging station, the type of charger you use, the price of electricity, and what time you charge your vehicle. Charging your EV at home is generally the most cost-effective option, as it is often cheaper than purchasing petrol or diesel for a traditional vehicle.

In the UK, the average yearly cost of petrol is around £1225, while the cost of charging an EV at home ranges from £690 to £934. However, the actual cost of charging your EV will depend on a number of variables, including the size of your vehicle’s battery, how often you charge it, and the price of electricity in your area. Some public charging stations may also charge additional fees for their use.

Despite these variables, owning an EV can be an affordable and environmentally friendly option for many drivers. With careful planning and regular charging, you can enjoy the benefits of driving an EV while also saving money on fuel costs in the long run.

*Please note that the prices mentioned are only estimates provided for educational purposes.

Other Benefits of a Domestic EV Charging Station

Aside from monetary savings, there are other benefits to having a domestic EV charging station. For one, it is much more convenient as you can simply plug in your car at home and have it fully charged by the morning. This eliminates the need to search for available charging stations or wait in line at a public station.

Additionally, using a domestic EV charging station means that you are not reliant on the availability of public charging stations, which can be limited in some areas. This gives EV owners more peace of mind and flexibility in their daily routines.

Conclusion

In conclusion, it is clear that investing in a domestic EV charging station can save you money in the long run. Not only do you save on charging costs, but you also benefit from the convenience and peace of mind it provides. If you would like to install a domestic EV charging station in or outside your home, contact our professional electricians at Ubitec today. 

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Ubitec Electrical are a family-run business with more than 25 years of experience in the industry.

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