New research shows that Denmark and Italy tie as the most expensive countries around the globe for consumers to charge an electric vehicle, thanks to a cost of $9.85 per 100 kilometres. In comparison, the cost to charge an EV in Canada is $2.26. (All costs have been changed to Canadian dollars from Australian dollars.)
Compare the Market Australia looked at fuel and electricity price information for 50 countries and compared them to better understand which one is offering the best EV charging deal. They found that, in addition to Denmark and Italy, Germany, Belgium, Lithuania, and Austria are also among the most expensive countries — tied in fourth place.
“As people struggle with the rising cost of living, it is important that they take all their bills into account when trying to save money,” said Meredith O’Brien, Head of Energy at Compare the Market, in a statement. However, even as the cost to charge an EV varies between countries, there are still savings to be made when compared to fuel.
For example, the research also shows that, while Denmark and Italy cost drivers $9.85 to charge their EV, it will cost them $13.61 per 100 km to fuel up in Italy and $16.50 in Denmark. In Canada, the cost is listed at $10.60. Based on the research, in Italy consumers would save 27.63 per cent per kilometre by selecting an EV, 40.29 per cent in Denmark, and 81.35 per cent in Canada.
“On average across all nations studied, EVs cost $2.83 to charge for every 100 km driven, while a petrol equivalent would cost a driver $8.03 per 100 km. This means, on average, an EV is only about one third the cost to refuel an equivalent petrol vehicle,” Compare the Market Australia said in its news release.
