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Once the electric vehicle chargers are installed, the only cost left is for your electricity used to charge your vehicle, which will be entirely dependent on your mileage and electricity prices.
The average driver spends between £1000 and £1200 per year on fuel. Compare this with the average electric vehicle driver who will spend, on average, between £450 and £750 a year on electricity to charge their vehicle. It is important to note that to achieve this level of saving it is crucial to have a home charging system installed.
Another key cost comparison to observe is between the cost of public charging versus the cost of charging at home. On average, a public charging station will charge 30p per kW, compare this to the price of electricity at home being on average 14p per kW, you are saving over half just by charging at home!