Weirdly, rising electricity prices can actually help (?!) EV owners - The Fact Factory

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Wednesday 6 October 2021

Weirdly, rising electricity prices can actually help (?!) EV owners


Europe is facing an energy crisis thanks to low wind-power generation, broken connections that allow electricity to be shared across nations and shrinking nuclear energy sources. The UK has responded by burning more gas to produce electricity — but gas prices are at a record high. The result is that wholesale electricity costs are at their highest levels in years, and this is having a knock-on effect for anything that uses electricity. One benefit of owning an electric vehicle (often abbreviated to EV) is that they are usually cheaper to run, even if the cost of buying one is higher. Driving an…

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