Right now one of the biggest draws of electric cars is their low cost to operate. Where the Tesla Model S typically takes between $10 and $12 to fully charge at home (or for free at a Supercharger!), an equivalent car would cost $80 or more in premium fuel. But could there come a day when EVs cost as much or even more than gas cars to recharge?
That’s the concern raised by the BBC, which reports that the recent end of public charging subsidies in the U.K. have seen the costs of charging an EV shoot up overnight, potentially threatening the nascent market.
Companies like ChargeMaster can no longer rely on government subsidies to meet their bottom line, and once-free charging stations now cost £7.50, or nearly $13, for a rapid charge for a car like the Nissan Leaf. Charging at home typically costs just £1.20, but now that companies are forced to bear the cost, the benefits are drying up.
Of course you can still charge your EV at home for a lot less, and there are many other financial benefits to driving an EV, such as a much lower cost of ownership thanks to fewer moving parts. Cars like the Tesla Model S and Nissan Leaf require almost no maintenance, and can be updated via WiFi downloads. How much does it cost you to get an oil change, not just in terms of money, but time as well? Just another reason electric vehicles really are the future of transportation.