EV Charging Prices Have Risen By 50%

The cost of charging an EV has risen dramatically over recent months, but the zero-emission vehicles still remain a good investment…

EV Charging Prices Soar

A major selling point of electric vehicles (EVs) is their reduced running costs. As well as being cheaper to maintain, dispensing with fuel eliminates a major motoring-related expense. Unfortunately, the saving potential offered by the zero-emission vehicles isn’t quite as tantalising a proposition as it once was.

A study conducted by RAC Charge Watch has determined that the cost of charging an EV at rapid or ultra-rapid public chargers has risen by 50% since May 2022. It means that, on average, it’d cost £36 to rapid-charge a family-sized EV.

Overall, the price of using a rapid public charger has increased from an average of 44.55p per kWh in May 2022 to 70.32p per kWh today. This represents a 58% increase, and is more than twice the cost of charging at home; unfortunately something that in excess of 40% of UK households can’t do, due to a lack of off-road parking.

Still Cheaper than ICE

Despite the price increases, most EVs remain a better financial proposition than vehicles using an internal combustion engine (ICE). This is especially the case if a driver is able to charge at home or at their place of work.

Simon Williams, a spokesman for the RAC, commented on the price of charging. He said, “for drivers to switch to electric cars en masse, it’s vital that the numbers stack up. In time, the list price of new electric models will come down, but charging quickly has also got to be as affordable as possible”.

He continued, “it continues to be the case that those who can charge at home or at work and who don’t use the public rapid charging network very often get fantastic value – even given the relatively high domestic energy prices right now. Sadly, the same can’t be said for people who either can’t charge at home or at work, or who regularly make longer journeys beyond the range of their cars. There’s no question they have to pay far more, and in some cases more than petrol or diesel drivers do to fill up on a mile-for-mile basis”.

Six Irritating Driving Habits To Avoid At All Costs – https://autoserveclub.co.uk/blog/six-irritating-driving-habits-to-avoid-at-all-costs/

Drivers Demand More EV Chargers After Three-Hour Waits – https://autoserve.co.uk/motoring-news/drivers-demand-more-ev-chargers-after-three-hour-waits/

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