Fast And Rapid Public EV Charging Costs Drop Considerably

Tuesday, 18. July 2023

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

Charge type	Speed	Jun Ave (p/kWh)	May Ave (p/kWh)	Difference (p/kWh)	Cost to charge to 80%	Pence per mile (p/mile)
Domestic	Up to 7kW	34	34	0	£13.60	7.64
Slow	Up to 7kW	44	44	0	£17.60	9.89
Fast	8-22kW	55	55	0	£22.00	12.36
Rapid	23-100kW	68	66	2	£27.20	15.28
Ultra-rapid	+101kW	71	70	1	£28.40	15.96

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

Charge type	Speed	Jun Ave (p/kWh)	May Ave (p/kWh)	Difference (p/kWh)	Cost to charge to 80%	Pence per mile (p/mile)
Slow Off-peak	Up to 7kW	33	33	0	£13.20	7.42
Slow Peak	Up to 7kW	53	53	0	£21.20	11.91
Fast Off-peak	8-22kW	75	88	-13	£30.00	16.85
Fast peak	8-22kW	79	98	-19	£31.60	17.75
Rapid Off-peak	23-100kW	75	88	-13	£30.00	16.85
Rapid Peak	23-100kW	79	98	-19	£31.60	17.75
Ultra-rapid Off-peak	+101kW	57	61	-4	£22.80	12.81
Ultra-rapid Peak	+101kW	65	72	-7	£26.00	14.61