Electric vehicles more cost-effective than ever with fuel price surge

Rising fuel prices have created an unexpected effect: electric vehicle operation has become more cost-effective than ever. According to Verivox, in March 2026, electricity costs for EVs were up to 67% lower than gasoline expenses and 53% lower than diesel. With an average tariff of around 31.2 euro cents per kWh, EV owners spent roughly 53 euros per month for 1,000 kilometers of driving. In comparison, a similar gasoline car required about 160 euros, while a diesel model cost over 110 euros. This gap is the largest in recent years and is directly linked to fuel price increases amid the global energy crisis.

Experts note that this advantage could persist and even grow in the coming months, as electricity prices tend to react to crises with a delay. However, the charging method plays a crucial role: maximum savings are achieved with home charging stations or solar energy.

Public chargers remain more expensive but are often still cheaper than traditional fuel. Interestingly, a similar situation occurred in 2022, but rising electricity prices quickly eroded some of the benefits at that time. Now, electric vehicles are regaining a strong economic edge, especially in an unstable energy market.

Economics is reshaping the game once again. While vehicle purchase price used to be the deciding factor, ownership costs are increasingly taking center stage. With expensive fuel, EVs are starting to win not just in theory but in practice as well.