Insight
Retail fuels in brief: how are rising electricity costs impacting EV drivers?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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?
Table of contents
- The cost per mile to drive an electric vehicle edges closer to the gasoline equivalent
- Electric vehicle charging prices will be even higher at public charge points
- Conclusion
Tables and charts
This report includes the following images and tables:
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UK electricity vs. gasoline pricing equivalentWeighted average European gasoline retail pricesWeighted average European diesel retail prices
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France average gasoline retail pricesGermany average gasoline retail pricesFrance average diesel retail pricesGermany average diesel retail pricesWeighted average European gasoline gross marginsWeighted average European diesel gross marginsFrance average gasoline gross marginsGermany average gasoline gross marginsFrance average diesel gross margins
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What's included
This report contains:
