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Rising oil prices have given electric vehicles their greatest cost advantage to date over petrol and diesel-powered cars, according to recent analysis
The sharp rise in fossil fuel prices in Germany and elsewhere around the world, triggered by the war with Iran, has significantly increased the cost advantage of electric vehicles over cars with internal combustion engines. According to data from the price comparison platform Verivox, in March 2026 charging a mid-range or premium electric vehicle at home was considerably cheaper—around two-thirds less expensive than refuelling a petrol car and more than half the cost of opera
Apr 23
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