Name: Retail fuels in brief: how are rising electricity costs impacting EV drivers?
Brand: Wood Mackenzie
SKU: 146432
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Author: Wood Mackenzie

Insight 13 September 2022

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The UK is to increase electricity prices from October in line with the increase in wholesale gas prices caused by the Russian invasion of Ukraine and its subsequent impact on the industry. The price cap sets a maximum per unit price on energy that reflects its cost on the wholesale market. As a result, unit electricity prices will rise from £0.28 per kWh to £0.34 per kWh. How will this impact electric vehicle drivers and will EVs become more expensive to drive than internal combustion engine (ICE) equivalents?</div>
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<li class="list__item-toggle font-semibold">
        The cost per mile to drive an electric vehicle edges closer to the gasoline equivalent
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<li class="list__item-toggle font-semibold">
        Electric vehicle charging prices will be even higher at public charge points
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        Conclusion
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         <li class="list__item push-quarter--bottom">UK electricity vs. gasoline pricing equivalent</li><li class="list__item push-quarter--bottom">Weighted average European gasoline retail prices</li><li class="list__item push-quarter--bottom">Weighted average European diesel retail prices</li>
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            <li class="list__item push-quarter--bottom">France average gasoline retail prices</li><li class="list__item push-quarter--bottom">Germany average gasoline retail prices</li><li class="list__item push-quarter--bottom">France average diesel retail prices</li><li class="list__item push-quarter--bottom">Germany average diesel retail prices</li><li class="list__item push-quarter--bottom">Weighted average European gasoline gross margins</li><li class="list__item push-quarter--bottom">Weighted average European diesel gross margins</li><li class="list__item push-quarter--bottom">France average gasoline gross margins</li><li class="list__item push-quarter--bottom">Germany average gasoline gross margins</li><li class="list__item push-quarter--bottom">France average diesel gross margins</li>
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<p class="font-regular" >Retail fuels in brief: how are rising electricity costs impacting EV drivers?</p>
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