Female plugs in EV charger

Yearly savings from new EV charging plan

The Department for Business, Energy and Industrial Strategy has announced that there can be big savings every year, thanks to their new plan for smart electric vehicle charging.

Lower energy bills and cheaper vehicle costs are some of the benefits that could see people save up to £1000 a year per year as part of a wider, landmark plan to fully unlock the potential of smart electric vehicle charging.

Today, the Government and Ofgem published the Electric Vehicle Smart Charging Action Plan which aims to establish the steps that need to be taken to allow everyone to benefit from the huge potential of electric vehicle smart charging solutions, whilst trying to establish it as the preferred method of long-duration charging by 2025.

Graham Stuart, Energy and Climate Minister, said:

“We want to make smart charging an easier choice for drivers of electric vehicles, whether that is charging on the driveway, at the workplace, or parked on the street. To do that we need to build new network infrastructure at pace, using the latest available technologies.

“Today’s plan sets out how we will work with Ofgem and industry to kickstart the market for smart charging, which we are backing up with £16 million in innovation funding. This will let people take control of their energy usage, in the most convenient and low-cost way.”

Smart charging uses energy use data and the latest innovations in energy to make sure that customers are getting the best value, including allowing them to charge their vehicles when electricity is cheaper or cleaner, providing users with the ability to power their homes with energy stories in their electric vehicle, or even sell it back to the grid for profit.

Alongside this announcement, the government has also confirmed that £16 million worth of funding from the Net Zero Innovation Portfolio for technology that has the potential to harness the benefits of smart charging.

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