Far too many electric car owners pay far more to charge their car than they need to. New calculations from the energy company OK show that ordinary electric car drivers must drive over 40,000 km. per year before a subscription with free charging can pay off. OK states this in a press release.
The popular all-inclusive subscriptions, which provide unlimited charging for a fixed monthly price, may prove to be an expensive solution for most people. The price for "all-inclusive" electric car charging varies, but typically the fixed monthly subscription is DKK 799-899/month. The Competition Council has previously assessed that half of all electric car owners pay up to 70 percent too much for charging.
According to OK's calculations, you have to drive almost 50,000 km. per year if you only charge at home for a subscription of, for example, DKK 799 per month to pay off. If you charge 95 percent of the time at home, you have to drive 44,000 km. per year, while with 90 percent home charging you have to drive around 40,500 km.
- Subscription with free charging is an expensive solution for many electric drivers. For most people, it will be a clear financial advantage to only pay for consumption. And fortunately, there are many who offer consumption-based charging in Denmark, so electric drivers have good opportunities to choose the charging solution that suits them best, says Kenneth Korsgaard, director of mobility at OK.
An average driver in Denmark only drives half
An average electric driver in Denmark drives between 15,000 and 25,000 km. per year. A driver with 20,000 km. annually and 95 percent home charging can be made do with a monthly electricity cost of around DKK 350. This means that there can be several hundred kroner to save each month by dropping the subscription to DKK 799 and paying for the actual consumption.
The calculations also show that an electric car driver with a driving requirement of 20,000 km. per year must charge around 70 percent of the time away from home before free charging can be economically justified.
- Some customers are willing to pay a premium to avoid having to think about when they charge the car. And others do not have the opportunity to charge at home or drive extremely many kilometers. For them, a subscription can make good sense. But the vast majority of ordinary electric car drivers can save a lot by paying for consumption, says Kenneth Korsgaard.
COWI has reached the same conclusion in an independent analysis: The average electric car driver can save between DKK 3,000 and DKK 4,000 per year by paying for actual consumption instead of free charging.
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