EV charging costs 6p per mile cheaper than fuel
EV charging costs are up to 6p per mile cheaper than average fuel costs, according to The AA’s EV Recharge Report for March 2025.
Fuel prices have not fallen as much as anticipated this year, and are down just 0.4p a litre from March to 134.3p.
This equates to an average cost of around 11.8p a mile.
By comparison, the average price of charging an EV at home is no more than 5.65p a mile.
Meanwhile, public off-peak charging costs have dropped 5.8p this month and are now up to 3p per mile cheaper than petrol, while off-peak rapid charging averages 10.6p, which is about 1p a mile cheaper than petrol.
Jack Cousens, head of roads policy for The AA, said: “The drop in peak rate slow charging is good news for EV owners without a driveway. 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.
“Any fall in petrol pump prices is at best sluggish despite the slump in oil prices. The AA said at the time that this was likely because higher gasoline demand ahead of the US motoring season pumps up the cost, and UK road fuel retailers made it clear that they would spare drivers none of the fallout from rising wages and other overheads. However, it is still possible that pump prices may come down later if economic fears undermine US holiday travel.
“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.”
