Origin Energy has launched a program that offers to fully charge an electric car at home for just $5, following a successful two-month trial period. The EV Power Up program automatically recharges vehicles during off-peak times using cheap, renewable energy, potentially saving drivers over $450 compared to typical at-home charging costs. The initiative, initially tested with 200 drivers, garnered over 1,000 applications and is now open to the public.
What?
Origin Energy’s EV Power Up program provides electric vehicle owners the opportunity to charge their cars at home for a mere $5, utilizing off-peak electricity rates and renewable energy sources. The program, designed to offer significant cost savings, is now available to customers of Origin Energy and Tesla drivers. By charging at 8 cents per kilowatt-hour during off-peak hours when renewable energy generation is high, users can potentially charge a Tesla Model Y for just $4.60.
Why does it matter?
This initiative comes at a crucial time for electric vehicle charging infrastructure following recent challenges faced by key players in the market. Origin Energy’s program aims to provide price certainty for electric vehicle drivers while supporting the national electricity grid as the adoption of electric vehicles increases in Australia. The company plans to expand the program to include support for other electric vehicle brands besides Tesla, such as BYD, MG, and Volvo, in the near future.
Other electricity retailers in Australia, including AGL, Ovo Energy, and Simply Energy, also offer incentives for electric vehicle charging with discounted rates during off-peak hours. This move towards affordable and sustainable electric vehicle charging solutions aligns with the broader shift towards greener transportation options and reinforces the importance of renewable energy integration in the automotive sector.
How is it going to shape the future?
Origin Energy’s $5 Electric Vehicle Charge Program not only addresses the immediate need for cost-effective and environmentally friendly car charging solutions but also sets a precedent for other energy providers to offer similar initiatives. As the number of electric vehicles on Australian roads continues to grow, programs like EV Power Up will play a crucial role in shaping the future of transportation by making electric vehicle ownership more accessible and affordable for a wider range of consumers. This marks a significant step towards a more sustainable and energy-efficient transportation ecosystem in Australia.
In conclusion, Origin Energy’s innovative approach to electric vehicle charging not only benefits individual drivers but also contributes to the overall transition towards cleaner and more sustainable transportation options. By offering a compelling alternative to traditional at-home and public charging options, the $5 Electric Vehicle Charge Program sets a new standard for affordability, convenience, and environmental stewardship in the evolving landscape of electric mobility.
Source: https://thedriven.io/2024/05/14/charge-an-ev-for-5-origin-energy-trial-goes-public/