EV Charging Costs Up 42% In 4 Months

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Now may not be the best time to consider making the switch to an electric vehicle, since new research has just revealed that charging costs for these cars have climbed a staggering 42 per cent in just four months.

RAC Charge Watch figures show that the cost of charging an EV on a pay-as-you-go basis at rapid charger points has risen by 18.75p per kilowatt hour since May, reaching an average of 63.29p per kilowatt hour.

This means that it now costs an average of £32.41 to charge a typically family-sized EV with a 64kW battery to 80 per cent… a rise of almost £10 since May.

Charging EVs at home is cheaper, however, so this is one way to get around the problem with the Energy Price Guarantee ensuring that the cost per mile for an average-sized car is set at around 9p. This means that charging a car to 80 per cent at home will cost £17.87 or thereabouts.

Of course, this means you do need to have a driveway or suitable place to install the infrastructure for home-based charging. Those who rely on the public charging network will continue paying a premium for using their vehicles.

Simon Williams, RAC EV spokesman, said: ““For those that have already made the switch to an electric car or are thinking of doing so, it remains the case that charging away from home costs less than refuelling a petrol or diesel car, but these figures show that the gap is narrowing as a result of the enormous increases in the cost of electricity.

“These figures very clearly show that it’s drivers who use public rapid and ultra-rapid chargers the most who are being hit the hardest.”

Another prohibitive factor where EV uptake is concerned is the cost of the vehicles themselves. Research now shows that there are only seven new EVs currently on the market for less than £30,000, whereas there are 107 petrol or diesel models.

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