Note 15: Annual saving per vehicle owner (ref. Note 7) which will result from exchanging ICE vehicle for EV

= [Average annual cost of petrol /diesel for current on-road ICE vehicle] - [Annual net EV rental charge + Average annual cost of electricity] per vehicle:

Cars: £1,979 – [(£2,100-£610) + £94] = £395 pa per EV based upon 200 EV battery charge /discharge cycles per annum to store and supply electricity to the MCG & 8,700 mpa (miles per annum)

Vans / LGVs: £3,371–[(£2,800-£305) + £188] = £688 pa per EV based upon 75 EV battery charge/discharge cycles per annum to store and supply electricity to the MCG & 12,700 mpa (miles per annum)

HGVs: £34,637 – [(£21,000-£1,322) + £2,022] = £12,937 pa per EV based upon 50 EV battery charge/discharge cycles per annum to store and supply electricity to the MCG & 34,800 mpa (miles per annum)

Buses & Coaches: £17,020 – [(£14,000-£915) + £290] = £3,645 pa per EV based upon 50 EV battery charge / discharge cycles per annum to store and supply electricity to the MCG & 17,100 mpa (miles per annum)

Annual net EV rental charge = [Annual gross EV rental charge] – [Average value of electricity supplied by EV battery charge / discharge cycle to MCG per EV via V2H, V2B or V2G within Community Grid area]