Solar & Renewables:
EV Charging Points
Just like traditional fuel engine vehicles, the cost of running an electric vehicle varies depending on the model, make and specifics of the vehicle – it means there’s an option for everyone and this including buying an EV too.
The good news is electric vehicles are likely to cost you less over the course of ownership. Electricity costs much less than petrol or diesel and electric cars require less maintenance than an internal combustion engine (ICE).
In addition, there are various incentives offered such as government grants or schemes, Vehicle Excise Duty discounts or exemption and also exemption from Fuel Duty.
Cost of charging an electric car
Charging your electric car at home is the main charging option for most EV owners. It’s important to be on the best home energy tariff to keep this cost as low as possible, because the cost of charging will be included in your normal electricity bill.
How much charging costs will depend on the amount of charging you do, the type of charger you have and also how much you use public charging.
The cost of installing a charge point is around €1500 but with an SEAI grant, you could reduce the up front cost by up to €600. Note – you need to own a electric Vehicle before you can apply any grant.
Electricity tariff costs
Before you get an electric vehicle, you may want to think about how it will impact the cost of your home electricity bill. For instance, if you travel 8000 miles per year in your car, this might equate to around 2800 kWh of additional electricity on your yearly bill if 1 kWh equals 5.5 KMs. Therefore it pays to look for the right energy tariff.
For example, you might want to look at off-peaks prices, as many energy companies offer lower electricity prices at night when the demand on the grid is reduced and energy prices are cheaper. Another thing to consider is the number of off-peak hours available to charge your electric car. If for instance you own a Tesla Model S with a 100 kW battery, the charging time will be greater than a Renault Zoe with a 30 kW battery. Therefore, you might want to look for a tariff which offers the best off peak rates.
Speak to one of our energy consultants today on 071 – 9658276 or Request a call back.