With the burgeoning fuel prices, electric cars were taken as a perfect alternative, but soaring electricity is reversing the fortunes of the EV makers. If the trend continues, electric vehicles could be more expensive to drive as compared to petrol fuel cars.
What the Rising Energy Costs Mean For The Cost Of EV
A UK-based insurance firm dubbed “RAC” has disclosed that EV owners who use public charging points are paying the same as they pay for fuel per mile. Charging at home is cheaper but domestic bills have also observed a jump in the face of rising energy costs. Since the electricity cost is directly linked to gas, the situation worsened after Russia turned off the gas supplies to Germany.
As per research, since May, the cost to charge an electric car on a pay-as-you-go basis has seen a hike of 42% to an average of 63.29p per kWh. Meaning drivers using public networks to charge vehicles pay around 18 pence per mile for electricity – 1 penny less per mile for a fuel-powered car. At the same time, charging an average-sized vehicle at home costs around 9 pence per mile.
RAC spokesman Simon Williams further informed:
“Charging away from home remains less expensive than refueling a gasoline or diesel vehicle for those who have already made the switch to an electric vehicle or are considering doing so. However, the gap is narrowing as a result of the enormous increases in the cost of electricity.”
Furthermore, drivers using fast and ultra-fast chargers are more prone to the situation. Automobile economists have called it an immediate threat to the future of electric vehicles. A massive up in electricity prices may collapse the whole electric mobility.
What do you think about the prevailing scenario portraying a grim picture of the EV future? Drop your thoughts in the comment section.
