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Economics of Incentives - Cost of charging an electric car nudges closer to petrol and diesel prices

Graham Watson

26th September 2022

Economics is always about incentives - as made clear here. Rising energy prices have meant that the cost of charging an electric car is now getting close to petrol prices, making electric cars less attractive.

An electric car driver exclusively using rapid or ultra-rapid public chargers pays around 18p per mile for electricity, compared with around 19p per mile for petrol and 21p per mile for diesel, according to new figures.

Podpoint has some background information on prices / costs for electric vehicle charging

For those suffering from rage anxiety - here is a useful chart!

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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