EV RAPID CHARGING COSTS VERSUS PETROL

EV Channels Review

This video provides a comprehensive cost comparison between rapid EV charging and traditional petrol/diesel fueling in 2024. The reviewer highlights that while home charging is significantly cheaper than fossil fuels, public rapid charging can be up to ten times more expensive. The analysis breaks down the per-mile cost for petrol/diesel vehicles, establishing a benchmark of 13.2 pence per mile. For EVs, charging above 46.2 pence per kilowatt-hour is deemed more expensive than the average petrol/diesel refuel. The video scrutinizes various rapid charging networks, noting Tesla's Supercharger network as the most cost-effective, even at peak times, due to its time-of-day pricing and potential subsidies. Other networks like Fastned, Ionity, Gridserve, and BP Pulse are discussed, with prices ranging from 69p to 93p per kWh. The reviewer emphasizes that these rapid charging costs are comparable to, or higher than, petrol/diesel costs, especially when compared to the cheapest petrol prices at service stations. The higher cost of rapid charging is attributed to the significant investment in infrastructure. The core message is that for EV ownership to be financially advantageous, home charging is almost essential, as relying solely on public rapid chargers negates much of the cost savings, particularly for high-mileage drivers.