EV ultra-rapid charging cost falls to lowest level this year

Charging an electric vehicle (EV) with an ultra-rapid charger at peak times has fallen to its lowest cost this year, according to new analysis from the AA.

Prices fell by a further 3p/kwh in September, mirroring the fall seen in August, meaning ultra-rapid charging is now at its cheapest point since the summer.

Elsewhere, drivers using charge points offering flat rates saw prices remain the same as August, but slow chargers, typically from lampposts in urban areas, saw peak and off-peak prices rise again.

Edmund King, AA president, said: “A further reduction in the cost of ultra-rapid charging is brilliant to see and shows that charge point operators can act quickly to pass on cost savings to drivers.

“Ultra-rapid charging can be cheaper by the mile than petrol and gives more food for thought to those who are considering making the swap from combustion cars to EVs.

“Recent data shows that business and company car drivers are the ones most likely to make the switch to electric because of the tax benefits.

“These drivers tend to drive longer distances and will use the ultra-rapid network when out on the road.

“Any fears they may have before taking the keys will quickly disappear as they enjoy a growing charging network alongside low-cost energy.

“Transparent and competitive pricing of charging at home and on the road is an essential part of encouraging private and business drivers to go electric.”

AA EV Recharge Report, September 2023 - flat rates

AA EV Recharge Report, September 2023 - peak and off-peak rates