Electric cars: why public charging will cost you more

We break down the cost of running an electric car – focusing on home charging versus public charging and what plans the government has for the future.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Happy African American Man Hugging New Car In Auto Dealership

Image source: Getty Images

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

The cost of running an electric car should be lower than the cost of running a similar-sized petrol or diesel car. However, for those who do not have access to off-street parking or workplace charging, it may not work out that way. Public charging prices vary widely and can prove to be expensive.

Let’s take a look at the cost of charging your electric car at home versus out and about – and changes that could take place in the future.


Cost of charging at home

If you are fortunate to be able to charge your electric car at home, then the cost will be relatively low. This will particularly be the case when you compare it to the cost of filling up a petrol or diesel car.

According to Pod Point, charging at home will cost around £9.20 for a full charge. This is based on an average domestic electricity rate of 17p per kWh and a 60kWh electric car.

However, the exact cost of fully charging an electric car will depend on what size car you have. Here are two examples of different sized electric cars and their costs:

  • Nissan LEAF with a 40kWh battery size = £6.12 for a full charge
  • Tesla Model S with a 100kWh battery size = £16.15 for a full charge

Cost of public charging

As the world of electric cars is still relatively new, so is the infrastructure around public charging. Currently, there are different public charging networks that all have their own payment and operating systems. This can make it confusing.

The good news is that there are some places where you can charge your electric car free of cost. Various businesses and attractions offer free charging. So you could just do your supermarket shop while charging your electric car and pay nothing at all.

However, most of the time, public charging is pricey. In fact, the Transport Committee has said that people must be protected from excessive pricing.

The issue is that for people who don’t have the option to charge at home, the cost of charging their electric car will be tied to the rates set on the public charging network. Rapid and Ultra Rapid chargers may be a quick way to get electricity into your car, but they can be expensive.

According to Zap-Map, to charge a Kia e-Niro with a 64kWh battery at a public rapid charge point would cost you £15.35. This is at a tariff of 30p/kWh and only an 80% charge.

And like fuel prices, public charging prices also vary – which can impact the cost of running your electric car.


  • Shell Recharge: Charging here will cost you 41p per kWh and there is no subscription.
  • char.gy: This is a lamppost charging scheme. Its PAYG tariff is 33p per kWh, but there are subscription options available.
  • Pod Point: One of the cheaper options, Pod Point charges 25p per kWh at its public charge points situated at Lidl stores.
  • BP Pulse: Another reasonably priced option, BP Pulse prices start from 20p per kWh. However, you could save yourself money by opting for a subscription package that offers the best value tariffs in any location for £7.85 per month.


Future changes

As electric cars become more commonplace, it is likely that we will see more uniform pricing across the public charging market. This should help to regulate the cost of running an electric car. There will also be an emphasis on making the charging infrastructure accessible and ensuring that people in rural areas have equal access.

MPs have suggested that property developers should be required to provide public charging points. They also feel councils should focus on making sure charging infrastructure is built.

But for the moment, electric car owners are stuck with the options available. And in order to keep the cost of running an electric car down, home charging is likely to remain the preferred option for the immediate future.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »