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EVs Are "Up To Twice As Expensive" To Run As Regular Gas Cars In The UK, New Data Finds

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by Tyler Durden
Tuesday, Sep 24, 2024 - 06:45 AM

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.

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