September 30, 2023

Electric car charging bay

The price of fast charging an electrical automobile up has shot up by a staggering 50% in eight months, based on new knowledge from RAC Cost Watch.

It now prices a median of 70.32p per kilowatt hour to fast cost on a pay-as-you-go foundation – up from 44.55p (58%) final Could and from 63.29p (11%) final September.

The rises, pushed by additional will increase within the wholesale value of electrical energy, imply that drivers now pay £36 to cost a typical family-sized electrical automobile with a 64kWh battery to its 80% fast or ultra-rapid restrict – sufficient to cowl round 188 miles.

Volvo C40 Recharge

That is greater than twice the price of charging the identical automobile at dwelling, one thing which many EV drivers are unable to do, with the value of such a cost coming in at simply £17.87 – regardless of the document excessive home power costs.

The value of utilizing the quickest ultra-rapid chargers, which have energy outputs of over 100kW and might cost many automobiles in a matter of minutes, now stands at 74.79p per kilowatt hour, up from 50.97p in Could 2022 (47%) and 63.94p in September.

Drivers counting on these chargers pay £38.29 at present for an 80% cost, an enormous £20.42 greater than these lucky sufficient to do all their charging at dwelling.

In different phrases, drivers who use the fast public charging community – usually as a result of they should recharge on an extended journey or try to cost up time-efficiently as they’ll’t accomplish that at dwelling or work – at present pay an enormous premium over these utilizing slower chargers.

Filling up with petrol

Certainly, it may be costlier for an EV driver to recharge shortly on an extended journey than it’s for a petroleum and diesel drivers to refuel.

Drivers utilizing fast chargers now pay 20p per mile for his or her electrical energy, solely a penny lower than these utilizing much less widespread ultra-rapid chargers who pay 21p per mile.

These prices are increased than the equal per-mile price for a petroleum automobile that achieves an economic system of 40 miles to the gallon (17p per mile) and are on a par with a diesel automobile attaining the identical economic system (20p per mile).

“For drivers to modify to electrical automobiles en masse, it’s important that the numbers stack up. In time, the record value of recent electrical fashions will come down however charging shortly has additionally acquired to be as inexpensive as attainable,” mentioned RAC EV spokesperson Simon Williams.