Ultra rapid EV charging costs fall as petrol prices show volatility

According to The AA's EV Recharge Report for May 2025, EV drivers benefited a 2p drop in peak and off-peak ultra rapid EV charging.

Petrol prices meanwhile fell towards a four-year low of 132p a litre in May, bottoming out in early June, and knocked off 2.3 pence a litre in a month. 

However, prices are now increasing, with the report claiming the impact of the Iran-Israel is starting to show at the pumps. In the past week, average prices at forecourts have risen by around 2p a litre.

While uncertainty in the region remains, drivers of electric cars are benefitting from comparatively stable electricity prices.

As EV take-up among private car owners is not being helped by government policy, the AA is reiterating its call for the government to help stimulate sales of new electric vehicles by creating or supporting an incentive 

The organisation wants a ‘help to buy’ scheme, such as 0% loans or a reduction in VAT which has recently been supported by the SMMT.

Jack Cousens, head of roads policy for The AA, said; “With the potential for fuel prices to rise in the short term, EV drivers are protected from daily oil price fluctuations. The price of electricity should be cheaper, yet electric vehicle owners benefit greatly from a commodity that offers better stability and uniformity.

“The 2p cut in ultra-rapid charging is a good start ahead of the summer holidays, but more needs to be done to bring down the cost of charging on the public network. The planned reduction to the energy price cap will help drivers charging on their driveway, but the cost in wholesale energy needs to be felt when charging away from home.

“Similarly, there needs to be a targeted effort to help more drivers make the switch to EVs if the only stumbling block is the initial purchase price. At the moment, company car drivers and those with access to salary sacrifice schemes are propping up the new EV market. Ultimately, the more new EV sales that can be made leads to a strong used car market where most UK car sales are made.

“We are pleased that the SMMT has backed our calls for new car incentives, and we urge the government to act as soon as possible to help the EV transition.”