EV drivers stick with cars despite rising electricity costs – ‘still financially smarter!’

With the average UK electricity price now sitting at around 17.2p per kWh and under the assumption an electric car will travel 3.5 miles per kWh on average, to travel 100 miles would cost around £5 or 4.91p per mile.

Ofgem, the Government’s regulator for electricity and downstream natural gas markets, raised the energy cap by 54 percent.

Taking into account comparative petrol and diesel costs per mile, the same length journey would cost approximately £15 in a petrol car and £13 in a diesel vehicle.

Becky Whitmore, Senior EV Product Owner at Volkswagen Financial Services UK, commented on the data, saying that owning an EV was often a cheaper option.