Fast and rapid public EV charging costs in double digit decline

The cost of peak and off-peak public charging has fallen dramatically, according to the June 2023 AA EV Recharge Report.

There was a 19% drop in peak rate costs for fast and rapid charging, coupled with a 15% fall in off-peak rates compared to May 2023. Off-peak ultra-rapid costs have fallen by 7p/kWh.

The AA says that the price drops show that charge point providers have overcome the issues experienced last month when some operators could no longer carry the increased charges following the ending of the Energy Bill Relief Scheme (EBRS).

With energy prices expected to fall further this year, the AA believes that this could just be the beginning to cheaper running costs for EV drivers.

Edmund King, AA president, said; “This is exactly the spark EV ownership needed after the electricity cost crisis.

“A 19p/kWh fall in a month for both fast and rapid peak time charging shows how quickly charge point operators can adjust their pricing and give EV drivers the benefit of cheaper energy.

“With predictions of further reductions in energy prices throughout 2023, EV owners may feel that this drop is just the tip of the iceberg when it comes to charging out on the road.”

He continued: “Despite some concerted attempts to undermine the EV transition, the future is immensely positive for electric cars.

“More models on the market, high levels of new car registrations, improved ranges, cheaper charging rates and investment in the charging infrastructure are only making the decision easier to buy a car with a plug.”

AA EV Recharge Report, June 2023 - flat rates

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