Can ‘Going Green’ be more cost effective?
New research by DriveElectric has compared the rise in petrol and electricity prices to reveal just this.
The motoring specialists have looked at the difference in cost between powering your car with petrol and electricity, and how much it would cost for petrol and electric cars to drive 100 miles.
You can view the full study here.

 

Price difference in the UK

Engine

Avg cost to fill a tank/charge a car

Cost per 10 miles

Cost per 100 miles

Petrol

£81.02

£2.06

£20.63

EV

£16.78

£0.71

£7.10
It costs on average £20.63 per 100 miles to fuel a petrol car and an average of £7.10 per 100 miles to charge an electric vehicle. This means there is a 190.37% price difference, showing that it would be cheaper to own and run an electric car in the UK.

 

 

 

 

 

Global fuel prices

The study also looked at the countries with the biggest increase in petrol prices.
Countries with the largest petrol price increase:

Rank

Country

Avg tank cost 2021

Avg tank cost 2022

Price Increase

1

Chile

£51.56

£62.65

21.3%

2

USA

£38.74

£45.82

18.3%

3

United Arab Emirates

£30.28

£34.51

14.0%

4

China

£47.20

£53.63

13.6%

5

Turkey

£39.63

£44.97

13.5%

6

Canada

£54.32

£60.26

10.9%

7

Hong Kong

£118

£127.49

8.0%

8

Norway

£91.72

£95.17

3.8%

 

Chile

Chile comes out as the country with the highest increase on the average cost to fill a car with petrol. In 2021, the average price was around £51.65 to fill a car’s fuel tank, 2022 saw that figure rise by 21.3% to £62.65 on average.

USA

The United States of America comes in as the country with the second-largest increase on their average petrol costs. In 2021, the average cost to fill your car’s petrol tank in the US was £38.74, which rose to £45.82 in 2022, an increase of 18.3%.

UAE

The United Arab Emirates takes the third spot. With an overall 14.0% increase on the 2021 average price to fill your car’s tank, which was £30.28. As of 2022, that figure is now at £35.07 for each time you wish to fill your car’s tank.

 

The UK

How does this compare the UK prices?

Whilst Chile has the highest increase on the average cost to fill your car with petrol, it would still cost 44% less to till a tank in Chile than it would in the UK. Even with the cost of petrol in the UK going down by 8.6% in the past year, it is still the 11th most expensive country to fill a tank of petrol in.

 

Further Insights

  • Estonia has seen an EV charge price increase of 146.6%.

  • Globally, the UK ranked 30th for the highest price differences between fuel and electric cars.

  • Hong Kong has the largest price difference between petrol and electricity in the world, with a 817.06% difference per 100 miles.

Read the full report here.