According to ChargeUK’s latest analysis of petrol and diesel compared to public EV charging prices shows the biggest savings gap for EV drivers since the start of the 2026 energy crisis — and likely since 2022.
Having surpassed public EV charging costs in the Spring, petrol and diesel had fallen back below over the summer but have since surged to a 12 per cent gap whilst EV charging prices have remained stable.
Pence per mile using a mix of standard and rapid public charging is now 16p compared 19p for petrol’s, equating to an annual saving of £152 on public charging driving 7,100 miles.
Monitoring the fuel sources over time shows the extreme volatility of fossil fuel prices, with petrol and diesel swinging by 33 and 42 per cent respectively over the year, compared to standard public charging which has remained flat and rapid charging varying by five per cent in 2026 despite volatility in wholesale electricity prices.
Whilst there is a lack of reliable average price data for public EV charging going far back enough, ChargeUK says based on petrol and diesel price trends it is likely that now is the biggest gap in EV charging savings since pre-2022 energy crisis.
Shane Brennan, chief executive officer, ChargeUK said: “Switching to electric driving is one of the biggest cost-of-living adjustments a household can make. This is true today, will be this winter, and for the long term. Now is the time for the government, the automotive sector and all other influencers to come together and accelerate the transition.
"Consumers are voting with their feet, as new and used EV take up breaks all records this year. It is therefore absurd the government is considering weakening EV targets, exactly the wrong signal at the wrong time. We should instead be taking deliberate action to remove the pricing inequalities and policy failures that are getting in the way of making electric driving even cheaper and more resilient to global crises in the fossil fuel market.”
The association has called for the 20 per cent VAT rate on public charging to be levelised with domestic electricity, now zero, addressing the unfairness between those who can charge at home and those who cannot.
It has also called for government to address skyrocketing standing charges on charge points and to implement the type of renewable fuel credit scheme which is successful in Europe. Lowering the cost of public charging would ensure savings versus petrol are permanent — which ChargeUK’s polling indicates would increase EV demand by nearly 50 per cent.
