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It depends how they market shifts. I think we're just seeing EVs start to take off with private buyers spending their own cash. As the future cost of diesel and petrol continues to rise and more wind comes on line I don't think the current difference in cost between running an EV and ice car is going to alter that much if anything the difference is going to increase. I topped up our second car the other week £30 of diesel increased the range by about 200 miles. £30 on an EV tariff will take me over 1200 miles. If that difference remains what's the residual of conventional cars going to be in 10 years time. When the public wake up to that the change could be pretty rapid.All good for now but if in future the masses are changing cars an home storage when it's cheap will it ever be cheap ?
If I invest ball park 30k car 20k heating and solar & Storage plus maintenance will It be worth my while before the market shifts ?( or my last heating bill has been paid to the crem) For me in my opinion no it won't.
Indeed, I keep pointing out I've been paying under £200 a year for above average milage in our EV since 2019 and people keep saying but the electricity price will increase. If anything the bills have gone down (I'm on a agile tariff) with many more negative and low price periods in the last year than in previous years, precisely because more wind has come online in 2024.It depends how they market shifts. I think we're just seeing EVs start to take off with private buyers spending their own cash. As the future cost of diesel and petrol continues to rise and more wind comes on line I don't think the current difference in cost between running an EV and ice car is going to alter that much if anything the difference is going to increase. I topped up our second car the other week £30 of diesel increased the range by about 200 miles. £30 on an EV tariff will take me over 1200 miles. If that difference remains what's the residual of conventional cars going to be in 10 years time. When the public wake up to that the change could be pretty rapid.
It's been cheap since 2019, and since then the amount of electric cars on road has more than tripled (250k to 1m). Do you see any reason why it wouldn't stop. People have been telling me prices will increase since I got the car. The reality is they have reduced.All good for now but if in future the masses are changing cars an home storage when it's cheap will it ever be cheap ?
If I invest ball park 30k car 20k heating and solar & Storage plus maintenance will It be worth my while before the market shifts ?( or my last heating bill has been paid to the crem) For me in my opinion no it won't.
Agree with a lot of that apart from people on fixed rates being ripped off it's their choice if they want to resist change.Indeed, I keep pointing out I've been paying under £200 a year for above average milage in our EV since 2019 and people keep saying but the electricity price will increase. If anything the bills have gone down (I'm on a agile tariff) with many more negative and low price periods in the last year than in previous years, precisely because more wind has come online in 2024.
In simple terms, lets take December 2024, one entire day was negative priced over the month roughly, with 3 days UNDER 5p, so.4 days of 30 that were under even the cheapest EV tariff, with one where you were actually paid to charge the car. THats for all electric not just the car (this is when you take the half hour periods that were that price). Admittedly some of those periods were overnight, but some were daytime too. The average non 4-7pm period was 18p in December. When you compare that with the 24p price cap and realise with an average, 50% of periods were BELOW 18p over December, you can see why people paying fixed rates are being ripped off.
Teh change once everyone realises that they could being paid to drive miles in their car will be quite dramatic.
The downside is of course, there has been around three day where prices were a lot higher -> I'm not arguing with that, but it still didn't change our avergae price being 30% lower than the price cap. And yes, Agile tariffs do sometimes mean charging the car when it's expensive (last night charging at an average of 20p cause needed the charge as an example). Even that is roughly 5p a mile compared with what 10p in the best diesel.
Oh indeed, but it does mean their prices are likely to significantly rise as those using the off peak cheaper move off, making their usage overall even more "peak" on average. (it in effect makes the average of those remaining even more weighted to peak hours).Agree with a lot of that apart from people on fixed rates being ripped off it's their choice if they want to resist change.
I haven't researched the current price structure but I'm sure no one is going to invest in the infrastructure of the future without the possibility of a big return, maybe they have it wrong or maybe they have to wait until supply and demand take over...If I were a big user I would investigate and likely go electric,but With a low mileage 2020 car that cost me £4k a year ago, electric bill circa £650,oil £250/£300 and petrol under £500 ,a new heating system it simply would not make financial sense for me although I have the capital to change tomorrow so add to me those with no capital that run a cheap older car ,those that think it doesn't work,those that cant do etc,etc,and it's a long uphill road,so no rush as is being shown with heat pump and EV take up way lower than early predictions.It's been cheap since 2019, and since then the amount of electric cars on road has more than tripled (250k to 1m). Do you see any reason why it wouldn't stop. People have been telling me prices will increase since I got the car. The reality is they have reduced.
Yes....a rise of four fold is big....but when it is 250k EVs to 1 million EVs...not really big enough to bother the National Grid.It's been cheap since 2019, and since then the amount of electric cars on road has more than tripled (250k to 1m). Do you see any reason why it wouldn't stop. People have been telling me prices will increase since I got the car. The reality is they have reduced.
Yes....a rise of four fold is big....but when it is 250k EVs to 1 million EVs...not really big enough to bother the National Grid.
Do it again...up to 4 million cars and just 1/4 of them want to put their cars on charge on a sunday evening...all on 7kw home chargers and you suddenly have about 20% demand added to the grid. Do it again...up to 16 millionEVs...so half the 'car stock' of the UK and you can see where it ends up...a near doubling of demand to what it currently is now...in Jan 2025.
And add the consumption of industry and commercial establishments.Yes....a rise of four fold is big....but when it is 250k EVs to 1 million EVs...not really big enough to bother the National Grid.
Do it again...up to 4 million cars and just 1/4 of them want to put their cars on charge on a sunday evening...all on 7kw home chargers and you suddenly have about 20% demand added to the grid. Do it again...up to 16 millionEVs...so half the 'car stock' of the UK and you can see where it ends up...a near doubling of demand to what it currently is now...in Jan 2025. When you then start looking at a push for ASHPs and what they'd draw from the grid as opposed to the gas network....then look at how many millions of properties have looped electricity supplies that will need changing in order to fit an EV charger....or battle on with a 3 pin plug...then at the millions more homes on antiquated supply cables....it's a long list of stuff that needs fixing...costing many hundreds of billions....
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UK ‘needs to play catch-up’ in global race to rewire electricity grids
For every £1 spent on renewable energy projects, only 25p was invested in connecting them to grid, report findswww.theguardian.com
It would be nice to think that someone has 'got this'...but I seriously doubt it. Back on the roundabout of depleting nuclear provision, depleting gas provision, loads more wind turbines and solar which may well be fine for 95% of the year...but that 5% is an bit important as it is likely a mid winter, very cold, dull few days....sort of when you need reliable electricity.
He did say just a quarter of them may charge on a sunday evening - maybe you missed that detail?Total nonsense. Does everyone fill up with petrol on a Sunday? If they did there would be queues at every station, but the reality is people fill up when they need to which isn't the same time. Basic looking at an average mileage EV user like me shows we charge once every 2 weeks on average. Bear in mind we drive the average uk mileage (15k miles) Not everyone plugs in at once -> my father (BMW i4) usually plugs in on the Scottish power half price periods as he's in process of moving to Octopus.
Equally the most popular EV charge tariff on which around 30% of the EV's in the UK are on (Intelligent go) actually splits load.
The actual reality of this is not the disaster everyone is saying it is as the reality is on my street (16 houses) on average only one EV would charge every night.
The actual reality of 2019 to now is demand on the grid has actually fallen, as a whole despite 750k more EV's. So how does that work?
And ref; supply cables needing upgrading, yes in places -> but this is not everywhere. The grid themselves have in writing on the national grid website that everyone in the UK (including all trucks) could drive a EV with ZERO grid upgrades on the actual national grid, theres that much spare capacity. I'm quite afriad you have not read the below:
Busting the myths and misconceptions about electric vehicles | National Grid
www.nationalgrid.com
Worth noting as the grids own website indicates refining petrol for the EXISTING cars we have on road uses electricity in fact, and moving to EV's removes this demand for the fuel no longer used... so it's not actually a rise in demand.
Even 25% charging isn't an issue though, it's still tiny in terms of overall demand. Remember an electric shower (as you could say everyone uses at 7-8am) uses more than the average EV charger (10-12kw, versus 7kw for a charger). Are we saying in the morning say 25% of houses don't take a shower? Thats the nuts thing, we already today have showers using more than an EV charger, at a time of day when you can argue many people do use it simultanosly. Locally I know an entire estate using Eelectric showes as the council installed them to their entire housing stock.He did say just a quarter of them may charge on a sunday evening - maybe you missed that detail?
Many will if they have a working week ahead?
Its also assumed everyone lives in a property where they can charge - thats far from reality.
Total nonsense. Does everyone fill up with petrol on a Sunday? If they did there would be queues at every station, but the reality is people fill up when they need to which isn't the same time. Basic looking at an average mileage EV user like me shows we charge once every 2 weeks on average. Bear in mind we drive the average uk mileage (15k miles) Not everyone plugs in at once -> my father (BMW i4) usually plugs in on the Scottish power half price periods as he's in process of moving to Octopus.
Equally the most popular EV charge tariff on which around 30% of the EV's in the UK are on (Intelligent go) actually splits load.
The actual reality of this is not the disaster everyone is saying it is as the reality is on my street (16 houses) on average only one EV would charge every night.
The actual reality of 2019 to now is demand on the grid has actually fallen, as a whole despite 750k more EV's. So how does that work?
And ref; supply cables needing upgrading, yes in places -> but this is not everywhere. The grid themselves have in writing on the national grid website that everyone in the UK (including all trucks) could drive a EV with ZERO grid upgrades on the actual national grid, theres that much spare capacity. I'm quite afriad you have not read the below:
Busting the myths and misconceptions about electric vehicles | National Grid
www.nationalgrid.com
Worth noting as the grids own website indicates refining petrol for the EXISTING cars we have on road uses electricity in fact, and moving to EV's removes this demand for the fuel no longer used... so it's not actually a rise in demand.
Even if we all switched to EVs overnight, we estimate demand would only increase by around 10%.
Yes, they have calculated 10% max remand.
Total nonsense...all of it. OK.
The UK average mileage is nearer to 8k miles (so even less of an issue then eh...)
The article by the National Grid is amusing/interesting. They quote the below. I am going to presume that they've added up the 30 million plus vehicles multiplied by the charging power required (even at 2.5kwh) and then divided it by the hours in a week....(For the average miles driven, it would be c 40kwh per vehicle...4 miles per kw x 160 miles a week) Demand in a week may well only rise by 10% but if everyone wants to have their charge at a cheap rate....those cheap rate hours will need extending or demand will be far in excess of 10%
Time will tell because it's coming! Butter if there was a big spike on Sunday evening don't you think the power companies would offer more incentives to charge with a set time for completion and if necessary increases prices a bit on Sunday and reduce on Monday or just reduce anytime there's lots of cheap windows power........ wait a minute they do already! I think the national grid is more ready than a lot think.
Total nonsense...all of it. OK.
The UK average mileage is nearer to 8k miles (so even less of an issue then eh...)
People with petrol or diesel vehicles don't have the 'range anxiety' that a huge number (mistakenly) have with EVs. As has been mentioned above...I only suggest that 25% would top up on a Sunday evening...in time for their next week at work...if that is 250k vehicles...it is bugger all...if it is 4 or 5 million...it is quite a chunk of electric....and as you mentioned it....the cheap periods that the likes of Octopus highlight...will they exist when/if there are many millions of EVs ? I very much doubt it....if they do, then that is when millions will charge...and with millions unable to have a 7kw charger....many will charge at 3 pin plug rate during that period...so it may take them 2 evenings a week (if they're organised)
The article by the National Grid is amusing/interesting. They quote the below. I am going to presume that they've added up the 30 million plus vehicles multiplied by the charging power required (even at 2.5kwh) and then divided it by the hours in a week....(For the average miles driven, it would be c 40kwh per vehicle...4 miles per kw x 160 miles a week) Demand in a week may well only rise by 10% but if everyone wants to have their charge at a cheap rate....those cheap rate hours will need extending or demand will be far in excess of 10%
Time will tell how it pans out.
I think a lot of people have not cottoned on to fact you can be paid to charge you car when there is spare cpacity on grid today. In fact there has been a free or negative priced day of electric every single month for past year near enough.Time will tell because it's coming! Butter if there was a big spike on Sunday evening don't you think the power companies would offer more incentives to charge with a set time for completion and if necessary increases prices a bit on Sunday and reduce on Monday or just reduce anytime there's lots of cheap windows power........ wait a minute they do already! I think the national grid is more ready than a lot think.
I live in a flat, there is no off road or on road parking.I think a lot of people have not cottoned on to fact you can be paid to charge you car when there is spare cpacity on grid today. In fact there has been a free or negative priced day of electric every single month for past year near enough.
You take your car to one of the many nearby public chargers,and walk home in the rain,leaving you shiny new car in total security oh and mind you don't get mugged on the way homeI live in a flat, there is no off road or on road parking.
How do I charge at home ?
I live in a flat, there is no off road or on road parking.
How do I charge at home
Or get a diesel car …….You take your car to one of the many nearby public chargers,and walk home in the rain,leaving you shiny new car in total security oh and mind you don't get mugged on the way home![]()
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And so, we wind forward ten years. Everyone in the UK is driving an EV car…..Time will tell because it's coming! Butter if there was a big spike on Sunday evening don't you think the power companies would offer more incentives to charge with a set time for completion and if necessary increases prices a bit on Sunday and reduce on Monday or just reduce anytime there's lots of cheap windows power........ wait a minute they do already! I think the national grid is more ready than a lot think.
Should have thought of that,had forgotten how popular they were but so expensive to bye,Or get a diesel car …….
Perhaps we'll be able to buy some cheap coal ...bag it up and use for flood defencesAnd so, we wind forward ten years. Everyone in the UK is driving an EV car…..
What about trucks! Um….
And climate change will still be happening, cus in ten years most of the rest of the world will still be burning coal and oil, cheaper coal and oil, cus we wont be buying it!
Did you miss Amazon announcing the replacement of their long range trucks with electric e-arcos 600's from Mercedes earlier this week. Added several points to the mercedes stock price earlier this week.What about trucks! Um….
Some batteries if you want autonomy. You can add to it over the years if you want to.
There are no nearby public chargers, and I live in a cityYou take your car to one of the many nearby public chargers,and walk home in the rain,leaving you shiny new car in total security oh and mind you don't get mugged on the way home![]()
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Just move and stop being negativeThere are no nearby public chargers, and I live in a city
Nobody has mentioned the ecological disaster of getting lithium to make the batteries.
Yeah ok, didnt see many on the M1 yesterday….Did you miss Amazon announcing the replacement of their long range trucks with electric e-arcos 600's from Mercedes earlier this week. Added several points to the mercedes stock price earlier this week.
They are not the only company with significant long range EV truck orders. Given lifetime of average truck is 5-7 years it will likely all be electric by 2035 at latest.
It's also mandated abroad as well, not just here, California requires all drayage (which is trucks into port shipping) to be electric or Hydrogen by... this year.
Trucks are about to increase rapidly from diesel ; may be worth checking this weeks news.
Because the cost per ton moved is significantly lower.; And they don't have 20 ton of battery. (well okay they may do on their longest range option, but that is unnessary for average trucking in UK given all the depots will have chargers fitted). We have a small island that a single recharge can cover most of the island.Its dream world, why would a haulage company run a 44 ton truck with 20 ton of batteries…
Where is the lithium coming from to make the batteries and what environmental impact is it having in sourcing it ?And it's worth noting the oil majors are not investing in Hydrogen, in fact are pulling out of investments in that space at moment (shutting all the stations in California in fact - which has caused some H2 car owners to start sueing Toyota over it). I don't think we'll see Hydrogen trucks in same timeframe (in UK at least) given the pipeline on Hydrogen production is only for around 100MW of capacity (see maths above for how much actual use that'll have versus the amount of GW needed for useful motion) in UK by 2028. So even if you built the fuel stations there isn't enough Green hydrogen to supply them, hence why the oil majors are buying up truck stops with good grid connections at present. Theres a website on Hydrogen showing all the consented Hydrogen projects up to 2028 or thereabouts, and fuel production is not (currently) in there.
Hydrogen is significantly less likely than BEV trucks at present, likely we'll see 1 Hydrogen truck for every 100 or so BEV by 2030 would be my rough guess given the (unobtainium) of the actual Hydrogen fuel. (it also would cost around 3x the cost per mile of diesel, making it unviable without significant subsidy).