- In the UK, running an electric vehicle now costs up to twice as much per mile as running a gas-powered car.
- Rapid charging costs for EVs have risen 5% over the past year, despite falling electricity and oil prices.
- The high cost of EV charging is dampening enthusiasm for electric cars and slowing down their adoption in the UK.
As if the EV boom needed another nail its in coffin, the UK has now produced figures showing that driving and electric vehicle is “up to twice as expensive” as driving a regular gas powered car.
Data from the app ZapMap has confirmed that operating an electric vehicle (EV) can cost over 24p per mile, compared to 12.5p per mile for a diesel vehicle, according to Yahoo Finance and The Telegraph.
And charging an EV at a rapid or ultra-rapid roadside station can reach up to 80p per kilowatt hour.
According to calculations by The Times, a typical electric car travels 3.3 miles per kWh, making rapid chargers cost 24.1p per mile, while slower chargers cost 16.4p per mile. This is roughly double the cost of a diesel car at 12.5p per mile, with petrol cars costing 14.5p per mile.
A round trip from London to Penzance would cost £148 using rapid chargers, compared to £77 for diesel and £89 for petrol. Charging at home is much cheaper, costing less than a third of rapid chargers.
ZapMap noted a 5% rise in rapid charger prices over the past year, despite a 30% drop in electricity wholesale prices and falling oil prices, the report says.
The Yahoo report says that even drivers using slower public chargers, which can fully recharge a vehicle in about 30 minutes, pay more per mile than petrol or diesel users.
The number of rapid and ultra-rapid charging stations in Britain has risen by 40%, now exceeding 12,500. However, electric car sales have slowed, making up 17.2% of new registrations in 2024, down from 18.7% in late 2022.
Currently, rapid chargers cost EV drivers 24.1p per mile, while slower chargers cost 16.4p per mile.
By Zerohedge.com
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