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Wednesday 5 October 2022

EV charging now nearly as expensive as filling up a car with gasoline

 New data from the United Kingdom show that electric vehicle (EV) charging is almost as expensive as filling up a conventional gasoline powered-vehicle. This has made Britons rethink the point of using supposedly “environmentally friendly” electric cars.

Figures from RAC Charge Watch, part of the RAC automotive services company, showed a 42 percent increase in EV charging rates since May 2022. EV drivers in the U.K. now have to pay an average of £0.63 ($0.72) per kilowatt hour (kWh) to charge their vehicles. The RAC added that a typical family-sized electric car that has a 64 kWh battery now costs £32.41 ($37.03) to rapidly charge it to 80 percent.

According to the company, “soaring costs of wholesale gas and electricity” are to blame for the spike in EV charging costs. It added that those using ultra-rapid charging systems also saw a 25 percent increase in their average charging costs.

Based on the RAC analysis, drivers using rapid or ultra-rapid charger on the public grid will pay around £0.18 ($0.21) per mile for electricity. This is comparable to the £0.19 ($0.22) per mile for a gasoline car and a slightly higher £0.21 ($0.24) for a diesel one, based on someone driving at an average of 40 miles per gallon.

The RAC noted that EV owners now prefer charging their cars at home to save on energy costs. With the British government’s energy price guarantee set to come into force, the price per mile for charging an average sized EV at home would come in at only £0.09 ($0.10). For an 80 percent charge, electric bills would only rack up to a total of £17.87 ($20.42)....<<<Read More>>>....