It has been announced by the RAC that the cost of charging electric vehicles on a pay-as-you-go basis since May, has risen by an incredible 42%!
The raising increase of this is highly likely to have been caused by the huge price surge in gas & electricity in recent months.
Latest figures show that using chargers on a pay-as-you-go basis has increased by 18.75p per kilowatt an hour (kWh) to a huge 63.29p per kilowatt. The result of this now means it will cost roughly 18p per mile to charge your electric car, which is just shy of the approximate cost of petrol at 19p per mile & diesel at 21p per mile.
Although the cost of charging your electric vehicle at home will have increased due to the raising electricity costs, it is said to still be considerably cheaper to charge your electric vehicle at home compared to a pay-as-you-go charging stations.
According to the RAC over the last 12 months the average cost to charge a 64kWh electric car to 80% at a public charger has risen from £18.81 in September 2021 to £32.41 in September 2022. Amounting to a huge increase of roughly £13.60 in the last 12 months & £9.60 since May.
Prices of ultra-rapid chargers (10kWh+) however have been hit even harder with A rough increase of £15.23 since September 2021 to £32.74.
A widely popular opinion is that running & charging an electric car is cheap or even completely free.
This is certainly not the case as charging your electric vehicle at home costs money and will impact your energy bill. Furthermore, some energy providers are not accepting new customers or tariff changes to make the cost cheaper.
Although some public EV charging points are free when you’re out & about, however most EV charging points are pay-as-you-go.
On top of this if you haven’t already got an EV charger installed at your home, you’ll need one to charge your car with an average installation cost of around £500. However, the OZEV (Office for Zero Emissions Vehicles) provides funding of up to 75% towards the cost of installation of a smart charger.
