Petrol cars cost more per mile than EV, figures | U.Okay.Finance News
Motorists sticking with petrol are paying the price – fairly actually – as new figures reveal electric automobiles cost much less than half as a lot to run on a per-mile foundation. Despite forecasts of a 6p-per-litre drop in petrol costs earlier this month, average costs on the pumps have barely moved, with a litre now costing 134.3p, down simply 0.4p from March’s low.That places the cost of operating a petrol car at 11.8p per mile, whereas EV drivers utilizing home charging pay simply 5.65p per mile, based on the AA’s EV Recharge Report for March 2025.And it isn’t simply these with driveways benefiting. A drop in peak-time sluggish charging – typically utilized by these with out entry to home chargers – has introduced some aid, falling 6% in a month.“The drop in peak rate slow charging is good news for EV owners without a driveway,” mentioned Jack Cousens, head of roads coverage on the AA.“Closing the gap on the so-called ‘pavement tax’ is a positive step, but the government missed the chance to take bold action by retaining the 20% VAT rate on public charging at the Spring Statement.”EV vs Petrol: Cost Per Mile (Standard Flat Rates)Charge Type Speed Mar Avg (p/kWh) Pence per mile (p/mile)Domestic Up to 7kW 25 5.65Slow Up to 8kW 50 11.30Fast 8–49kW 60 13.56Rapid 50–149kW 74 16.72Ultra-rapid 150kW+ 78 17.63PETROL n/a 135.60p/l 11.86The figures come alongside new Department for Transport information displaying a 28% annual rise in public charging units, with the overall now standing at 76,507. Of these, one in 5 are fast or ultra-rapid, that means more EV house owners can prime up shortly and simply.“Any fall in petrol pump prices is at best sluggish despite the slump in oil prices,” mentioned Cousens.“Meanwhile, the growth of charging infrastructure is encouraging. Eliminating range anxiety is key to help drivers who are considering making the switch to electric have more confidence in the national network.”
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