If you’re thinking about switching to an electric vehicle, one of the biggest benefits is the ability to charge your car cheaply at home while you sleep.
A professionally installed home EV charger will typically cost around £1,000–£1,400, depending on the charger, cable route and electrical work required.
While this might seem like a significant upfront cost, the savings compared with filling a petrol or diesel car can mean the charger effectively pays for itself surprisingly quickly.
Charge Your Car for Around 2p Per Mile
Specialist EV electricity tariffs can offer extremely cheap overnight electricity.
For example, Intelligent Octopus Go currently offers overnight EV charging from around 8p per kWh, with its standard off-peak period running from 11:30pm–5:30am.
A typical electric vehicle achieving around 3.18 miles per kWh would therefore cost approximately:
8p ÷ 3.18 = 2.5p per mile.
That means driving 10,000 miles per year could cost approximately:
EV charged at home
Around £250 per year
Now compare that with petrol and diesel.
Petrol Car
Take a petrol car averaging around 40mpg.
At current petrol prices of roughly £1.60 per litre, travelling 10,000 miles could cost approximately:
£1,800+ per year in petrol
Compared with approximately £250 of overnight home EV charging, that’s a potential saving of around:
£1,550+ PER YEAR
Diesel Car
Even an economical diesel achieving around 50mpg can cost considerably more to fuel than an EV charged overnight.
With diesel around £1.80 per litre, 10,000 miles could cost approximately:
£1,650+ per year in diesel
Compared with approximately £250 for home EV charging, that’s a potential saving of around:
£1,400+ PER YEAR
Could Your Home Charger Pay for Itself in the First Year?
This is where having your own home charger starts to make a lot of sense.
If your EV charger installation costs between £1,000 and £1,400, potential annual fuel savings could be:
Compared with petrol: around £1,550+ per year
Compared with diesel: around £1,400+ per year
For someone covering around 10,000 miles annually, the savings on fuel alone could therefore potentially cover the entire cost of having the home charger installed in roughly the first year.
After that, those savings continue year after year.
What About Public EV Chargers?
Owning an EV doesn’t automatically mean cheap motoring.
Where you charge makes a huge difference.
Public rapid and ultra-rapid chargers can be considerably more expensive than charging at home. This is why having a dedicated home EV charger and taking advantage of a cheap overnight electricity tariff can be one of the best ways to maximise the financial benefits of owning an electric vehicle.
Simply arrive home, plug your vehicle in and schedule it to charge when electricity is cheapest.
By the morning, your car can be charged and ready to go.
Home EV Charger Installation in Beverley & East Yorkshire
At Electrician Beverley Ltd, we install smart home EV chargers throughout Beverley and the surrounding East Yorkshire area.
Our typical home EV charger installations range from approximately:
£1,000–£1,400
The final cost will depend on factors including:
- Your chosen EV charger
- Distance from your consumer unit to the charger
- Cable routing
- Existing electrical installation
- Whether additional surge protection or electrical upgrades are required
We can assess your property, recommend a suitable charger and provide a quotation for the complete installation. Get in touch today to enquire about home EV Charger Installation!
With overnight charging potentially costing only a few pence per mile, a home EV charger isn’t just about convenience — it could save you well over £1,000 every year compared with running a petrol or diesel vehicle.
