EV rapid charging prices stable for first time in 2023, RAC reports
Date:
02 October 2023
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Author: Sean Keywood
The average cost of using a public EV rapid charger was stable in September, making it the first month in 2023 not to see a price increase, according to the RAC.
However, the motoring organisation said the average of 71.41p per kWh was still a 13% increase compared with one year ago.
The average cost of using an ultra-rapid (100kW+) charger in September was 74.81p per kWh - a 17% year-on-year increase.
The RAC added that with electricity prices falling, it expected to see charger prices begin to come down in the weeks ahead.
RAC spokesman Rod Dennis said: "The fact charging prices - whether at home or at a public rapid or ultra-rapid charger - appear to have finally peaked can only be good news for drivers, whether they're already lucky enough to drive an electric vehicle or are considering one as their next vehicle. It's imperative now that charge point operators reduce their rapid and ultra-rapid charging prices as soon as they can to show they're on the side of drivers.
"But there's a clear role for the government here too in keeping charging affordable, especially for drivers who don't have the luxury of cheap charging at home. For this reason, we're disappointed the government has so far rejected calls from ourselves, the FairCharge campaign, the motor manufacturers' trade body SMMT and from many others in the industry for the VAT rate charged on electricity bought from public EV chargers to be reduced to match the 5% charged to domestic households.
"Doing so would cost the Treasury relatively little but would see charging costs fall by around 9p per kWh, saving drivers around £6 for every 80% charge."
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