Charging Costs for Electric Vehicles (EVs) in Europe: A 2024 Analysis

Charging Costs for Electric Vehicles (EVs) in Europe: A 2024 Analysis

Charging Costs for Electric Vehicles (EVs) in Europe

A chart from Visual Capitalist's Pallavi Rao reveals the average cost of charging an electric vehicle for 25 minutes per 100 km at a public station across different European countries. The data, courtesy of the European Alternative Fuels Observatory (EAFO), was collected as of 2024.

How the Data was Collected

In order to account for differences between electric vehicles, a Tesla Model 3 was used as a reference for this dataset. The price information was obtained from public DC fast-charging stations, and the EAFO calculated an average price per country.

Charging Costs Across Europe

In most European countries, the cost to charge an EV ranges between €5-10 per 100 km. The countries with the lowest charging costs are Iceland (€2.9), Portugal (€3.2), and Finland (€4.6). However, in Norway and Slovenia, the charging costs jump to €17-19 per 100 km. These values reflect the sources of electricity, energy prices, and taxes within each country. For instance, in Norway, prices are 25% higher than the EU average. Generally, countries with a higher proportion of renewable energy have lower prices, while countries with expensive energy imports, like Germany, have higher prices.

EV Adoption Rates

The adoption of electric vehicles has been steadily increasing worldwide. Norway leads the pack with an 80% share of EVs in all cars sold in 2023. Out of the top four countries by EV adoption, three are European. Europe, being home to some of the world's wealthiest countries, has the potential to establish the charging infrastructure necessary for increasing the use of electric cars. In 2012, Norway's EV adoption rate was at 3%. By 2024, it had risen to nearly 90%.

Bottom Line

The cost of charging an electric vehicle in Europe varies significantly from country to country, largely influenced by the sources of electricity, energy prices, and taxes. Countries with a larger share of renewable energy tend to have lower charging costs. The adoption of electric vehicles is on the rise, particularly in Europe, which has the potential to lead the way in establishing the necessary charging infrastructure. What are your thoughts on this subject? Share this article with your friends and let us know your views. Don't forget to sign up for the Daily Briefing, delivered every day at 6pm.

Some articles will contain credit or partial credit to other authors even if we do not repost the article and are only inspired by the original content.

Some articles will contain credit or partial credit to other authors even if we do not repost the article and are only inspired by the original content.