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Octopus Energy Hits 500,000 Customers on Home EV Tariff

High petrol and diesel prices are pushing drivers toward cheaper overnight home charging, trimming running costs for many households.

Overview

  • Octopus disclosed Wednesday that more than 500,000 drivers are using its Intelligent Octopus Go home EV tariff and the company says those users can save about £850 a year based on 7,600 miles and an 8p/kWh charging rate.
  • Independent analysis from Cornwall Insight shows Octopus supplies roughly 59% of Britain’s EV tariff customers, underlining its dominant share of the smart-home charging market.
  • The Society of Motor Manufacturers and Traders reported that July registrations topped 43,000 new electric vehicles, a 44.5% year-on-year rise that gave EVs a 27.5% market share.
  • Zapmap estimates roughly 1.4 million home chargers and about 122,724 public chargers in the UK, and Octopus offers staff £400 toward a home charger or £400 of Electroverse public charging for those without driveways.
  • Forecourt fuel has risen since the Middle East conflict began with petrol around 161.3p per litre and diesel at 181.1p, a price shock that the RAC says could push diesel higher and that may speed household moves to home EV charging.