Car being charged at home

Three in five put off an EV by rising domestic energy prices

Monday, September 26, 2022 - 07:15
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Three fifths (63%*) of drivers say the rising cost of domestic energy is now a contributory factor in putting them off owning an electric vehicle (EV), according to a survey by the AA.

The poll of 12,500 drivers also found that one in 10 (10%) claim the hike in home energy bills is the main reason for sticking with a petrol or diesel car.

Energy Bill

Image: Jacob King/PA Wire

However, a quarter (24%) say increased energy bills has not deterred them from switching to an electric car, with 3% of respondents already driving an electric car.

Even with next month’s leap in electricity prices, an electric car owner could save around half on ‘fuel’ compared to petrol and a third compared to diesel – and that’s before lower servicing costs and VED.

Following the announcement from the Prime Minister on 8 September 2022, the national average electricity prices paid by Direct Debit will be a unit rate of 34.00p per kWh and a standing charge of 46.36p per day from 1 October 2022**.

While the cost of recharging an EV at home is much cheaper than re-fulling a petrol or diesel car***, many drivers are probably unaware of how to compare the cost of motoring.

Jack Cousens, head of roads policy for the AA, said; “With domestic energy prices rising, drivers can be forgiven for believing switching to an EV will become expensive quickly.

“However, the reality is that even with the hike in domestic electricity costs, running an EV is considerably cheaper than a petrol or diesel car.

“With much focus on the 2030 ban on the sale of new combustion cars and vans, lawmakers need to keep a watchful eye on how energy prices will impact the transition to electrification as much as the traditional barriers to ownership.”


* AA Yonder Driver Poll, September 2022. 12,545 respondents.

** Energy bills support factsheet – GOV.UK (www.gov.uk)

***

KIA EV6 – Home charging to 100% at 34.00p per kWh and 46.36p per day standing charge = £26.64. WLTP mileage of 328 miles = 8.12 p per mile.

KIA Ceed Petrol – 50 litres at 165 ppl = £82.50. Combined MPG of 49.6 would equate to 545 miles = 15.14 p per mile.

KIA Ceed Diesel – 50 litres at 181 ppl = £90.50. Combined MPG of 62.8 would equate to 690 miles a tank = 13.12 p per mile.

All details taken from KIA UK website;

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