As of Wednesday 10th June, the UK hit a huge milestone of going two months without burning any coal for electricity generation. This is due to a combination of the reduced national energy consumption since the start of lockdown and the high investment in renewable energy over the past decade. Approximately 800,000 homes now have solar PV installed, helping to contribute to the decarbonisation of the grid, while also reducing their energy bills.
As electricity generation continues to decarbonise, the next logical step is for the transport sector to shift away from fossil fuels and towards electric vehicles. Over the past couple of months, the number of vehicles sold has dropped considerably. Electric and hybrid vehicles, however, feature more heavily than usual in the ‘top 10 models sold’ and more Tesla Model 3s have been sold over the past two months than any other car.
With the number of homes generating their own clean energy via solar PV and the number of electric vehicles on the road growing, we thought we’d take some time to analyse the benefits of pairing a domestic solar PV system with an electric car to quantify the potential financial savings.