With Christmas getting closer by the day, new data reveals that UK drivers can make huge savings by switching to EVs — enough to cover their Christmas spending.
There are only 100 days to go until Christmas Day and many households are beginning to make preparations for the festive period — which includes thinking about how they’re going to afford it.
Last year, the average person in the UK spent just over £1200 during the Christmas period , with the highest average spend being £1,695 in London.
Consumers are likely to tighten their purse strings this Christmas due to ongoing financial pressures as a result of the cost-of-living crisis, high energy bills and rising mortgage rates.
In fact, according to a new survey, 64% of all UK adults will be cutting back their Christmas spending in comparison to last year.
New insight from Indra, leading electric vehicle (EV) charger manufacturer, reveals that UK drivers can save upwards of £1,370* per year — which is more than the average Christmas spend per head in 2022.
Indra’s data shows that by making the switch from petrol and diesel cars to an EV and charging with a smart home EV charger, UK drivers could save £920* per year!
But the savings don’t stop there.
Many drivers who have already made the switch to EVs are not taking advantage of the lowest ‘Type of Use’ tariffs which are currently only available with a limited range of home chargers (such as Indra’s smart home chargers).
By choosing the right charger and using these tariffs, drivers can charge their EVs at a lower-than-average cost, which could save them an additional £451* per year — bringing the total savings to £1,371.
Just imagine what you could buy with that! Here’s a few ideas:
With the upcoming 2030 ban on the sale of new petrol or diesel cars and plans for expanding the range of ultra-low emissions zones (ULEZ) and clean air zones (CAZ) across the UK, more and more drivers EV drivers will be turning to EVs.
So, why not make the most of the savings that can come from switching to EVs and save enough to get next year’s Christmas spending covered?
*The savings presented in this release have been calculated using the annual cost for energy for a mid-size family car (C-SUV sector) travelling 10,200 miles.
The total cost to run an ICE (Seat Ateca 1.5TSi EVO FR Edition 5 door DSG) is £1,604.63 —equivalent to £0.16 cost per mile.
The cost to run to an EV (Kia Niro 2 64.8 kWh EV Auto) using any home charger on the EON Next Online v23 Tariff is £920.94 — equivalent to £0.07 cost per mile.
The cost to run an EV (Kia Niro 2 64.8 kWh EV Auto) using the Indra Smart LUX™ charger on the OVO Charge Anytime Tariff is £231.92 — equivalent to £0.02 cost per mile and totalling an overall saving of £1,372.72 per year in comparison to the ICE referenced.
• Unleaded £1.44 litre (RAC)
• EON Next Online v23£0.2948kW
• OVO Charge Anytime Tariff £0.10kW
• All correct July 2023
Disclaimer: Calculations based on published vehicle data (e.g.: WLTP mpg). Real-world performance may/may not be in line with published data, however, this method has been used for all scenarios.