Why Workplace EV Charging Is Cheaper Than Home Options

Hello, Champions of Net Zero!

Recent findings from Fuuse have shaken up conventional wisdom regarding electric vehicle (EV) charging costs, revealing that workplace charging can often be cheaper than charging at home. This research is not just relevant for the eco-conscious; it holds significant implications for both employees and employers navigating the transition to electric vehicles.

According to Fuuse’s analysis, which examined over one million workplace charging sessions, employees can slash their EV charging costs by as much as 66% when they opt for workplace charging instead of relying on public charging points. The financial benefits are striking: employees could potentially save around £250 a year by charging their vehicles at work, compared to the costs associated with installing and operating a charger at home.

Delving into the specifics, the average cost of workplace charging, as determined by Fuuse’s charge point management software, stands at a competitive 25.9p per kilowatt-hour (kWh). This rate is significantly lower—up to 50% cheaper—than public alternating current (AC) charging and an astonishing 66% cheaper than public direct current (DC) charging. These savings are particularly noteworthy for employees who may not have access to charging facilities at home, as the ability to charge conveniently at work can be a game changer in their decision to invest in an electric vehicle.

Michael Gibson, CEO of Fuuse, articulated the transformative potential of workplace charging, stating: “Thanks to our research, we’ve shown that workplace charging can be the cheapest option to charge your electric car when all costs are considered. This is a win-win for employees, who benefit from cost-effective charging, and for employers, who can retain talent by offering incentives that directly impact their staff’s bottom line as well as supporting the transition to electric vehicles, particularly those without access to charging at home.”

The findings indicate that while home charging has traditionally been viewed as the most economical option, workplace charging powered by Fuuse’s solution is, on average, £250 a year less expensive than charging during the day at home. Interestingly, it is also marginally less costly than charging overnight when installation fees for home chargers are taken into account.

Employers can tailor their EV charger rates using Fuuse’s software, ensuring that employees benefit from preferential charging rates compared to visitors or suppliers utilising the charging points. This flexibility is crucial in encouraging the adoption of electric vehicles among employees who might otherwise struggle to afford them.

The convenience of workplace charging is not just a financial incentive; it also plays a significant role in employee satisfaction and retention. With approximately 68% of the UK population commuting to work by car, the potential for workplace charging to facilitate a broader shift towards EVs is immense. A Deloitte survey focusing on Gen Z and Millennials found that 70% of respondents consider a company’s environmental policies and credentials when evaluating potential employers. This statistic underscores the growing importance of offering eco-friendly incentives to attract top talent.

In fact, industry experts from Arval have previously highlighted the advantages of workplace charging in accelerating the move towards electric vehicles among employees. They suggest that if employees can charge their vehicles routinely at work—even if only every other day—it significantly enhances the acceptability of electric vehicles within the workforce. This shift is crucial as more people seek sustainable commuting options.

In conclusion, the findings from Fuuse’s research shine a light on the transformative potential of workplace charging for both employees and employers. As the electric vehicle market continues to expand, businesses that embrace this innovative approach to charging can not only support their staff’s transition to greener transport options but also enhance their own sustainability credentials. For those looking to delve deeper into Fuuse’s comprehensive research, including detailed calculations, the full report is available online.

As we strive for a net-zero future, initiatives like workplace charging represent a significant step towards reducing our carbon footprint and promoting sustainable practices within the workforce. The time to act is now; let’s charge ahead into a greener tomorrow!