Average EV charging costs fall — but peak rates still beat gasoline

Average cost of using public services electronic car Chargers drop further in January 2023.

Figures provided by the AA as part of its latest EV charging report show that the cost of public charging with slow devices has dropped to match the price of home charging.

However, a growing number of charging providers are introducing peak and off-peak hours, which could see drivers paying an average of 35p more per kWh to charge their cars during peak hours.

peak period, peak price

AA EV charging report cost

Average prices for slow public chargers fell 8 percent in January, and average prices for fast and fast devices fell 3 percent.ultra-fast devices, defined as providing Speed ​​over 101kWthe price increased slightly, by an average of 1 pence per kWh.

Increased use of peak tariffs to offset the overall fall in prices.Suppliers are now All charging speedsso that electricity can be provided throughout the day.

AA study finds peak rates may have Huge impact on charging prices. The average cost of using a low-speed 7kW unit is 37p per kWh during off-peak hours, but soars to 72p per kWh during peak hours.

Peak rates for all charging speeds now average 70p per kWh, with Fast and Fast devices being the most expensive at 75p per kWh.use these chargersEV drivers will pay £30.00 to charge the 50kW battery to 80% capacity.

Charging prices falling faster than gasoline

AA EV charging report cost

However, the decline in the cost of charging an electric vehicle has outpaced the decline in average gasoline prices. Petrol prices fell 1.7 per cent to an average of 148.8p a liter last month.

EV drivers who charge during peak hours still pay more per mile than gasoline car drivers. However, taking advantage of off-peak hours can turn the tide in favor of EVs.

Jack Cousens, director of road policy and EV charging at the AA, said; “The small reduction in electricity prices has been reflected in the flat prices paid by EV drivers. The pace of the price drop is encouraging and will hopefully mean charge point operators will not adopt petrol prices Wholesale costs experienced in the “rockets and feathers” approach.

“However, we think Ofgem needs to keep a close eye on peak costs to ensure they don’t escalate to the point where drivers abandon using them. While we understand why peak rates exist, the price needs to be relative to the speed of charging.”

Also read:

Are Electric Cars Really Zero Emissions Vehicles?

How can I find my nearest EV charger?

Electric Vehicle Charging Capacity vs. Charging Speed—Which Is More Important?

john redfern

john redfern

The American editor who loves all things American. Woodgrain-clad station wagons and ridiculous muscle cars are a specialty.

Average EV charge cost down – but peak rates still pricier than petrol

Leave a Comment

Your email address will not be published. Required fields are marked *