Significant disparities in the cost of charging an electric vehicle have been revealed as part of a new survey.
Electrifying collated the pricing from the UK’s largest public charging providers and found that the average cost of using a public rapid charger now stands at 53p per kWh. When topping up an average-size EV like the Volkswagen ID.3 with a 58kWh battery, this price means a 10 to 80 per cent charge will cost £21.51.
This cost increases to £28.01 when drivers use one of IONITY’s charging points, making them the UK’s most expensive public charging provider. IONITY charges 69p per kWh, followed by Instavolt which charges 66p per kWh at one of its rapid points.
The study also highlights the penalty that EV drivers who don’t have access to off-street parking suffer. A person driving Volkswagen ID.3 for 10,000 miles per year would pay £208.80 when charging their vehicle at home on a cheap rate, compared to £1,475.52 for an electric vehicle owner who relied on public charging points.
Ginny Buckley, founder and CEO of Electrifying.com, said: “With dramatic increases in wholesale electricity costs, it’s no surprise that prices are rising across the charging network – Instavolt this week announced an increase of 15.7 per cent to its prices, and I suspect they may not be the last to make such a move.
Instavolt is raising charging prices for the 4th time in 10 months. From 15 Aug the cost will rise from 57p per kWh to 66p per kWh – a 16% increase. The firm blames a hike in wholesale energy price + costs of expanding the network.https://t.co/sLPjojtXBU pic.twitter.com/Lr7ZGCOEfJ
— ⚡️Electrifying.com (@ElectrifyingCom) August 10, 2022
“For drivers who are unable to take advantage of cheaper home energy tariffs, this is having a serious impact on running costs at a time when budgets are under unprecedented strain. It hits those living in towns and cities the hardest, the very place electric cars can have the most impact on air quality.”
Drivers are being advised to shop around to find the cheapest possible charging rates, with some providers offering better prices for those drivers signed up for a membership system. One of the cheapest providers was Pod Point at Tesco and Lidl, which charged 28p per kWh on its 50kWh rapid chargers.