Charging an electric vehicle (EV) at home costs about half of the £1,205 annual expense of fueling a petrol car. Recent data shows that smart charging can reduce costs to around £400, and vehicle-to-grid (V2G) charging can bring expenses down to £250 or less, offering significant savings for fleets.
CrowdCharge reports that smart charging can lead to annual savings of about £200 compared to standard EV charging and cut emissions by up to 63%. This technology allows EVs to use low-carbon electricity for charging.
Home-based V2G customers can charge their EVs for as low as £250 per year, possibly charging for free when combined with solar power by utilising off-peak hours and selling electricity back to the grid during peak times.
While many V2G customers currently use Nissan LEAFs, the new V2VNY workplace trial is testing CCS technology, which is becoming the standard for new EVs that operate on AC charging. This initiative uses CrowdCharge software to optimise electricity use based on cost and carbon impact.
These findings suggest potential annual savings of nearly £1,000 for EVs through V2G compared to petrol vehicles. Although EVs have higher initial costs, they typically offer lower total ownership expenses compared to internal combustion engine (ICE) vehicles.
CrowdCharge enhances fleet savings by providing accurate emissions monitoring through artificial intelligence (AI), resulting in carbon savings of about 40%. Its software can reduce carbon emissions by up to 25%, helping organisations improve their carbon reporting and move toward net zero.
- CrowdCharge’s smart charging optimises EV charging based on the National Grid’s carbon intensity, reducing the need for grid upgrades. As a sister company to DriveElectric, CrowdCharge supports organisations transitioning to electric vehicles. https://crowdcharge.ai/ (Note: When selected you will be redirected away from Motoring Echo.)
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