Electric Vehicles: Will Charging Prices Soar in 2023?
This page is translated from the original post "Voiture électrique : une flambée du prix de la recharge en 2023 ?" in French.
- 02/09/2022 12:00
If the electricity tariff shield continues in 2022, the increase is looming in 2023, but will be less pronounced than abroad for charging your electric car.
Electricity prices have skyrocketed in Europe over the past few months. Less than €100 per MWh last summer, they sometimes exceeded €1,000 per MWh in 2022, as on Tuesday, August 30. According to RTE data, prices have been calming down in recent days but remain very high compared to last year. Will this impact the cost of charging electric cars?
A rise in charging costs in 2023?
However, the Minister of Economy and Finance reassures about next year. Bruno Le Maire confirms that the price cap will continue in 2023, after freezing prices in 2022. Without it, he states that “the increase in gas and electricity tariffs would be at least 100% next year!”, as seen in the interview with Les Échos. Nevertheless, “there will be a rise in energy prices at the beginning of 2023, but it will be contained and reasonable compared to this worst-case scenario”, he confides to our colleagues.
The regulated tariff increased by 4% on February 1, 2022, “instead of 35.4%” specified the government. It is now €0.174 per kWh for home recharging, excluding subscriptions. For example, EDF’s “Green Electric Auto” plan offers 11.26 cents/kWh off-peak and 21.6 cents/kWh peak hours.
Nevertheless, the cost of recharging electric cars is already starting to increase at public charging stations. For example, Allego has raised its prices this year, up to €0.79 per kWh at ultra-fast highway stations. Others are expected to follow. In Norway, a country with high electric vehicle sales (80%), the Mer network is increasing its prices by 75% in September!
The prices are soaring in the United Kingdom
Across the Channel, the electric car is caught in the whirlwind of the energy crisis. Furthermore, in a country with inflation higher than in France (over 10% in a year), new regulated prices will inflate the bill. These will increase by 80% on October 1. The annual cap for a household will therefore rise from £1,971 to £3,549.
Charging an electric car will thus become much more expensive. The RAC (Road Analysis Control) calculated the cost of recharging a Kia e-Niro with a 64 kWh battery. It would now cost £33.80 (€39) compared to the current £18.37 (€21.24). And this trend is expected to continue, with experts estimating a further increase in 2023 of 69%, or £6,000 for the annual cap.
In Germany, the price increase started as early as last February. In Spain, the government implemented a price cap, but it evolves monthly to prevent sudden jumps. Will France withstand the European electricity prices? And above all, at what cost and future funding?
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