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Retail fuels in brief: how are rising electricity costs impacting EV drivers?
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 13 images and tables including:
- UK electricity vs. gasoline pricing equivalent
- Weighted average European gasoline retail prices
- Weighted average European diesel retail prices
- France average gasoline retail prices
- Germany average gasoline retail prices
- France average diesel retail prices
- Germany average diesel retail prices
- Weighted average European gasoline gross margins
- Weighted average European diesel gross margins
- France average gasoline gross margins
- Germany average gasoline gross margins
- France average diesel gross margins
- Germany average diesel gross margins
What's included
This report contains:
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