Driving An EV Now Costs Half As Much As Diesel, New Analysis Shows
AI-summarised brief · reviewed before publication
Transport & Environment (T&E) released new data showing that electric vehicle (EV) drivers in Europe pay less than half the cost per kilometre compared with diesel drivers, who are now paying €32 more per tank than earlier this year. The analysis, based on average consumption figures and current electricity prices, highlights the rising refinery margins and doubled oil company profits in the last quarter. T&E urges the EU to accelerate electrification, target low‑income support, and impose windfall taxes on oil firms to fund public transport and scrappage schemes.
💡 Why It Matters
- · The stark cost gap underscores the urgency of shifting to EVs amid soaring diesel prices and potential supply shortages, offering a clear economic incentive for policymakers to prioritize electrification over short‑term fuel subsidies.