Rising costs of charging electric vehicles

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Rising costs of charging electric vehicles
Rising costs of charging electric vehicles. Image: Pixabay

The costs of charging electric vehicles are rising significantly

One of the advantages of electric cars compared to fossil fuel cars is the saving capacity they generate by avoiding refuelling, replacing them with charging by an electric current. This economic benefit is also compounded by the need for less maintenance, which also lowers running costs.

This advantage, which last year was a relevant and important point, no longer seems to be the case, due to the continuous rise in the price of electricity, and the exorbitant price peaks that electricity has been reaching in recent weeks.

The Organization of Consumers and Users (OCU), has announced that while last year recharging an electric car cost an average of €190 per year, due to the rise in electricity, the cost has now skyrocketed to €447. Taking an example where the vehicle is only plugged in during off-peak hours, and traveling about 10,000 kilometres a year, the cost of recharging has increased by €257.

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With regard to recharging at roadside charging points, the OCU has at the same time noted a rise in prices at some stations, such as Ionity. In September, they have gone from charging €0.790/kWh to €0.825/kWh. This is a price that is now three times higher than the off-peak rate.

However, the OCU still strongly recommends electric models over combustion ones, since not only do they help to improve the level of emissions and pollution, but they are vehicles that tend to pay off the investment much earlier. Costing an average of €7,500 more than its combustion engine counterparts, it normally pays for itself in between two and a half, and four years, as reported by 20minutos.es.

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Chris was born in a small village in Wales, where he ran his own successful construction company for many years, before deciding in 1990, to swap the grey skies and rain for the sunshine and lifestyle of the Costa del Sol. Late last year he made the move to Southern Portugal, and is now residing on the Algarve. Having sang and played in a rock band back in Wales, he still likes to go out and entertain in his spare time, singing in restaurants and golf clubs. Interests are of course music, especially from the 60s and 70s, movies, nice restaurants, and has a passion for graphic design and online marketing.

1 COMMENT

  1. Spain’s obscenely skyrocketing electricity prices confirm at least three things: we have a fake “socialist” Prime Minister in Pedro Sanchez, fake commitment to electric cars and fake/non-existent price competition between the colluding “duopoly” of Iberdrola and Endesa. It’s almost as if oil companies like Repsol, CEPSA and other powerful vested interests linked to oil, gasoline and combustion have persuaded electricity companies to super-hike electricity prices in order to reduce or kill interest in electric cars. But hey, Spanish companies surely wouldn’t resort to such corrupt tactics, now would they ?!
    Paul G

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