The energy price cap has risen – but electric car owners still reap the benefits

From today (1 October) through to 31 December, Ofgem’s latest energy price cap will push household electricity bills by around 2%. For electric car owners, that means the average cost of a full home charge based on a 60kwh battery will rise from £15.43 to £15.81.

On the road, that translates to just a fraction of a penny per mile: up from 8.6p to 8.8p per mile for less efficient cars, and from 6.4p to 6.6p per mile for more efficient models.

The energy price cap for households on a standard variable tariff from 1 October to 31 December 2025 is £0.2635 per kWh. At this price, a 100kWh electric car would cost £26.35 to charge from 0-100%.

With 1.6 million electric cars on our roads, UK drivers are expected to collectively spend around £45.5m per month charging at home. That’s £1m more than in September 2025.

Despite the rise, EV owners are still saving more money compared to petrol and diesel drivers. Filling up at the pump continues to cost two to three times more per mile than charging an electric car.

But even though October’s price cap has increased, home charging still remains cheaper than earlier this year. If you couple this with the government’s electric car grant of up to £3,750, as well as more availability of stock in the used car market, the transition to electric cars looks more positive.

How can EV drivers keep charging costs down?

While home charging is still cheaper than fuel, there are some ways you can save even more:

• Charge overnight: Off-peak electricity tariffs are significantly cheaper, and smart chargers can automatically schedule charging for hours priced at the lowest cost.
• Seek out free or discounted chargers: Many places of work and retail parks offer low-cost or even complementary charging.
• Consider a solar panel: Using solar energy to charge can reduce your reliance on the grid and make charging sessions cheaper.
• Drive more efficiently: Maintaining the correct tyre pressure, removing excess weight, and driving smoothly can extend its range and lower your overall charging costs.

Even after the increase in the energy price cap, electric car owners still reap the benefits of lower home charging costs compared to running a petrol or diesel car. And as the UK edges towards the 2030 ban on new internal combustion engine cars, switching to electric becomes even more favourable.

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