How Much Could You Save on Your EV Charging?

Maximising Savings with Smart EV Charging in the UK

With the UK’s transition to electric vehicles (EVs) accelerating, one of the biggest incentives for drivers and businesses to make the switch is the long-term cost savings. But how much could you actually save on your EV charging? The answer depends on a few key factors — and the good news is that, with the right setup, you can significantly cut your fuel and energy costs.

At London EV Chargers, we help both commercial and residential clients install and manage efficient EV charging solutions. In this blog, we break down potential savings and how to maximise them.

1. Comparing EV Charging vs Petrol/Diesel Costs

The most direct comparison is the cost of electricity versus petrol or diesel. Here’s how they stack up:

TypeAverage Cost per Mile (UK)
Petrol£0.14 – £0.18
Diesel£0.13 – £0.17
EV (Home Charging, Off-Peak)£0.04 – £0.06

Savings: Charging your EV at home during off-peak hours could save you up to 70% compared to petrol or diesel vehicles.

2. Home Charging = Bigger Savings

Home charging is the most cost-effective way to keep your EV powered. Here’s why:

  • Lower unit rates: Off-peak tariffs like Octopus Go or EDF’s EV tariff can bring rates as low as £0.07/kWh.
  • Overnight charging: Charging your car overnight when demand is low not only saves money but also supports a greener grid.
  • Smart chargers: Devices like Zappi or Hypervolt allow scheduling, solar integration, and load balancing to optimise savings.

💡 If you drive 10,000 miles a year, home charging could save you between £800–£1,200 annually compared to fossil

3. Business Charging Incentives

If you’re a business in London with a fleet or employee EV scheme, installing commercial chargers offers great financial and environmental returns:

  • Tax savings: 100% first-year capital allowances on EV charging points through the Super Deduction Scheme (until April 2026).
  • Salary sacrifice schemes: Save up to 40% on EV leases, plus lower NICs.
  • Free workplace charging grant: Up to £350 per socket under the OZEV grant scheme.

🔌 Installing workplace EV chargers can save your business thousands over time, while also supporting staff and corporate sustainability goals.

4. Smart Charging = Smarter Bills

Many EV drivers don’t realise how much more they could save with smart charging:

  • Avoid peak rates: Avoid the 4–7pm electricity rush and charge during cheaper times.
  • Dynamic tariffs: Tariffs that adjust with wholesale prices can reduce your costs even further.
  • Load balancing: For homes or businesses with multiple chargers, this prevents overloads and optimises use of electricity.

📱 Apps like Ohme, Fuuse, or the Pod Point network help manage this seamlessly.

5. Public Charging — Still Savings, But Less

While home and business charging offer the best value, public charging still presents a saving vs petrol, especially with rapid chargers becoming more affordable:

  • Subscription networks: Some offer lower rates for members (e.g. BP Pulse, Shell Recharge).
  • Free charging: Some retail parks or workplaces offer free EV charging.

However, frequent use of rapid charging could reduce the gap, so balance usage with home or work charging when possible.

Final Word — Savings Add Up Over Time

Switching to an EV is not just about being eco-friendly — it’s a solid financial move. Whether you’re a homeowner, a business, or a fleet operator, the long-term savings on fuel, maintenance, and tax incentives can be significant.

At London EV Chargers, we help you make the most of these savings by offering tailored installation, tariff guidance, and smart charging setups — whether for your home, office, or commercial site.

🔋 Want to Start Saving on EV Charging?

Contact London EV Chargers today for a free consultation and discover how much you could save by switching to smarter EV charging solutions.