One of the great things about owning an electric car is that when the price of gas increases, the price of electricity tends to charge an EV tends to remain the same. Unfortunately, that’s not always the case, as Electrify America is hiking up the price of electricity at its charging stations. Electrek reported on the news and claimed that Electrify America will raise its prices by $0.05 per kWh.
Electrify America recently shared the upcoming price increase for electricity at its EV charging stations in an email to customers. Currently, Electrify America charges a standard rate of $0.43 per kWh, but starting on March 6th, that price will go up to $0.48 per kWh. In an email to current Pass and Pass+ customers that the outlet saw, Electrify America stated that rising operational costs are the reason for the increase.
“We’ve tried hard to maintain our current pricing, but rising operation and energy costs have now made adjusting our pricing necessary,” said Electrify America in the email. “We shall continue to maintain simple, uniform pricing across the country, and this adjustment ensures we can upholder our commitment to drive electric vehicle (EV) adoption and the future of electric mobility.”
In areas where states bill EV owners by the number of minutes they charge their EV, Electrify America is hiking prices up from $0.16 to $0.19 per minute for EV charging rates at up to 90 kWh. The price for being able to charge at up to 350 kW will go up from $0.32 to $0.37. Prices are also going up for Pass+ Members to $0.31 to $0.36 per kWh, $0.12 to $0.15 for up to 90 kW of per-minute charging, and $0.24 to $0.29 for up to 350 kW with the per-minute charging price. The Pass+ membership will continue to cost $4 per month.
While the prices may be high, they’re still competitive to what Tesla charges its owners to use its Supercharger network. Tesla owners are looking at paying between $0.25 and $0.50 per kWh depending on the state and the time of use.
Electrify America has one of the largest fast-charging networks in the U.S. Currently, Electrify America has 800 charging stations in the U.S. with roughly 3,500 individual chargers. In the next few years, Electrify America is looking to expand its charging station to span 1,800 charging stations and 10,000 chargers in North America.
A price increase on electricity may not be as dramatic or as noticeable as gas price hikes, which occur far more regularly. Electrify America’s price increases won’t affect EV owners in the same way a gas price increase would for owners with an internal combustion engine, but it will help offset some of the savings consumers can get by switching to an EV.
Source: Electrek
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