Electric Car Information - Why the October Electricity price increase will impact your EV like the new line-up from Geely with their EX2

The new line-up from Geely with their EX2 - Why the October Electricity price increase will impact your EV-Electric Car Information

The clear benefit of going into an electric car during 2026 has been the running costs. Since the debacle in the Middle East, with Iran effectively shutting down the free passage of cargo ships, the cost of oil has soared to an eye-watering level, leaving punters at the pump copping the bill.

In the UK, the price of our petrol and diesel experiences has rapidly increased, leaving many consumers and small businesses dissatisfied with the running cost of their car and van. In particular, the last two years has seen a more fractious relationship between the British public and fuel companies, as there has been more of stark realisation that our adoration for the fossil fuel has not always been in our best interests.

Marking a change of attitudes, which coincided with the growth of electric car options and improved charging choices, the UK automotive market voted with their feet. Without a doubt, the year of 2026 will be known as THE breakout year for new and used BEV options.

However, the carrot and stick approach is not just something which applies to combustion cars. The world of electric cars is also subject to the same pressures, the same praise, the same criticism.

From 2020 (the year of mass adoption) until 2025, the lithium-ion route certainly experienced its fair share of feedback! But where EVs have really captured the attention of British buyers has been with the cost of "fuel".

When you compare the price at the pumps, from the RAC, which ranges from 161 pence to 201 pence  derivative dependent, to the cost per kWh for a domestic property, it is not hard to see where the advantage lies. While many UK homes with electric cars, and a drive / off-road parking, have some form of overnight tariff from their energy company, there are many who will pay the standard tariff.

In the UK, the cost we pay for our electricity is dictated to us by OFGEM, who provide regular updates on the cost per kWh for our electricity. In their latest announcement,  the price we pay for electricity is going up.

The situation from July - September 2026 is that we pay 26.11 pence per kWh along with a 57.19 pence daily standing charge. From 1 October to 31 December this changes to 26.32 pence per kWh with a 54.83 pence daily standing charge .

Of course, this will be offset by the Andy Burnham announcement that VAT will be cut on your energy bills - the Breathing space on your  energy bill approach - but that does not mean that you should not be cognisant of what is going on around you.

Managing and running an EV is likely to be more positive when you control the key costs, which electricity is one of them. The cost we pay for our energy is not going down! Ideally, utilise renewable energy sources like solar panels to ensure a free fuel experience or at the very least, use overnight tariffs to help keep your charging experience as cost effective as permittable.

For a brand like Geely, which officially launches its new EX2 to the UK fleet and leasing market this week (August 2026), having the cost of fuel / electricity under control is paramount.

This is especially true for a group bringing a vehicle to market which is affordable, practical and aesthetically pleasing. Do not be concerned about Geely in terms of their knowledge and experience; this team have been part of many popular car brands and manufacturers for some time.

Moving to their own solus offering is just the final piece of the puzzle. In particular, if you are a fan of the Smart EV line-up, you will see the similarities between the two options, as Geely are the backbone of that product, along with the Mercedes group. As of August 2026, the Geely EX2 can be ordered in the following specification:

•  Pro – from £20,990 this includes 16” alloys, 14.6” HD screen, 4-speaker audio system, LED headlights, rear spoiler, power adjustable / folding / heated door mirrors, privacy glass, power-adjustable driver and passenger seat, air conditioning, adaptive cruise control, ADAS systems, keyless entry, 8.8” LCD instrument cluster, Apple CarPlay, navigation, OTA, rear view camera, hill start and ascent assist, rear parking sensors, event recording system and life detection; 

•  Max – from £23,490 this matches the specification of the Pro but adds the larger 47 kWh battery; and    
•  Ultra – from £25,490 this adds metal side skirts, 256-colour ambient lighting, 360 degree camera, wireless charging, heated steering wheel, two-tone paint and the 6-speaker audio.

The key colours include the Green, Pink, Beige, Grey, Silver and White. Interior choices include grey and white.

How will the new Geely electric perform?

There will be two battery configurations to choose from including:

•  35kWh - this RWD compact city car will have a 35.4 kWh usable battery which will offer 0 – 62 times of 14.2 seconds, 81 mph top speeds and 60kW (or 80hp). Expect a combined winter range of 110 miles with warmer weather allowing for 150  miles – a 130 mile combined. On charging, the 6.6kW AC max will allow 6 hour and 30 min 0 – 100% charging times with the 60 kW DC maximum allowing 35 minute 10 – 80% times. A cargo volume of 375L is available with this car. It has a vehicle fuel equivalent of 149 mpg. You cannot tow with this EV. It has Bidirectional Charging – a 3.6kW AC option via Vehicle-to-Load (V2L . There is no heat pump; and

• 47kWh - this RWD compact city car will have a 47.1 kWh usable battery which will offer 0 – 62 times of 11.5 seconds, 81 mph top speeds and 85kW (or 114hp). Expect a combined winter range of 145 miles with warmer weather allowing for 200 miles – a 175 mile combined. On charging, the 6.6kW AC max will allow 8 hour and 30 min 0 – 100% charging times with the 80 kW DC maximum allowing 35 minute 10 – 80% times. A cargo volume of 375L is available with this car. It has a vehicle fuel equivalent of 150 mpg. You cannot tow with this EV. It has Bidirectional Charging – a 3.6kW AC option via Vehicle-to-Load (V2L . There is no heat pump.

Need more help and advice on your new Geely EV?

Head to our Geely EX2 special offers section on our website get in touch with our team on 01942 910 001 or by emailing us at [email protected]