Charging costs electric car for some almost petrol price

Electric car is being charged

Electric car is being charged

The cost of charging an electric car has skyrocketed due to the rise in energy prices, raising fears it will deter drivers from buying them, the RAC said.

It said electric car (EV) owners that use “fast” public charging stations pay nearly the same for electricity as they do for gasoline per mile.

Charging at home is cheaper, but domestic bills are also rising.

The Russian invasion of Ukraine is responsible for much of the recent surge in electricity and gas prices.

The RAC said its investigation found that the cost of charging an electric car on a pay-as-you-go basis from a publicly accessible fast charger had increased by 42% since May to an average of 63.29 pence per kWh.

The price hike means that drivers who only use the public network to charge vehicles will pay about 18 cents per mile for electricity.

That’s just 1 cent less per mile for a gasoline car, based on someone driving an average of 40 miles to the gallon, the auto group said.

The cost per mile for charging electric vehicles at home is about 9 cents per mile for the average car. The BBC has been informed that most EV drivers charge at home overnight.

“For those who have already made or are planning to make the switch to an electric car, it remains true that charging outdoors will cost less than refueling a petrol or diesel car, but these numbers show the gap is narrowing. as a result of massive increases in electricity costs,” said RAC spokesman Simon Williams.

“These figures show very clearly that drivers using public fast and ultra-fast chargers are the hardest hit.”

Mr Williams said the government’s household bill support package, which limits typical bills to around £2,500 a year until 2024, would benefit drivers charging vehicles at home.

However, he warned those who rely on public charging stations and without ramps would face a “much bleaker picture.”

He said the cap on wholesale energy prices for businesses, which will be cut by about half of their expected levels this winter, “should lead to price cuts by charge point operators in the coming weeks”.

“But what EV drivers don’t want to see is operators having to raise their rates next spring if wholesale costs continue to rise,” he said.

Man using smartphone while charging electric car in front yard

Man using smartphone while charging electric car in front yard

Charging vehicles at home can be cheaper than public chargers due to the way electricity is taxed, with the RAC calling for a reduction in VAT on public chargers from 20% to 5%, the in-home level.

That would reduce the cost of 80% fast charging at 7.91p to 55.38p per kWh, and ultra-fast charging at 7.99p to 55.95p per kWh and would not unfairly penalize those drivers who cannot charge their cars. house,” Williams said.

Quentin Willson, founder of the FairCharge campaign, said the government should “intervene” on charging costs by limiting the increase in public charging costs and cutting VAT.

“If they don’t, all those years of promises of a zero-emission future, clean air and energy independence have come to naught,” he added.

The Department of Transport said electric vehicles still “present opportunities for savings over their petrol and diesel counterparts, with lower total operating costs thanks to cheaper charging, lower maintenance costs and tax incentives”.

“We want consumers to have the confidence to make the switch to cleaner, zero-emission cars, which is why we continue to support the growth of our industry-leading charging network and have committed £1.6bn to provide charging points across the country since 2020 a statement added.

Electric cars also usually cost thousands of pounds more than their petrol or diesel counterparts.

This is because EV batteries are expensive to make and a high level of investment is required to transform existing factory production lines to produce the new technology.

However, costs are expected to drop for the foreseeable future: industry group the Society of Motor Manufacturers and Traders predicts that electric and combustion-engined cars “will cost about the same by the end of this decade.”

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