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Many people ask the biggest question about electric cars: How much will it cost me to charge my car?
How Expensive Is It To Charge An Electric Car
If you look at electric cars with gas stations, you can make informed decisions about charging and gas costs. Keep in mind that many new electric cars charge for free at public stations.
How Much Does It Cost To Charge An Electric Vehicle At A Charging Station?
To answer the cost question, we enlisted the help of longtime automotive journalist and industry analyst John Welker, who specializes in electric vehicles. He’s heard all the arguments for (and against) owning an electric car, including the cost of charging compared to a traditional car.
Don’t sweat it. The math involved is pretty simple. You will get the most accurate estimate if you use the most recent reference fee. You want to calculate how much you will pay for electricity in a given month. We then provide an example so you can determine how much you spend per kilowatt hour (kWh) of electricity you use.
“To charge your home, find your utility bill and divide it by the total dollar value of the kilowatt-hours you use,” Voelcker explains. That gives you a price per kilowatt hour.”
Let’s apply this tutorial to a typical electric car. This example does not take into account your usage preferences.
The Average Costs Of Using Car Charging Stations
“A conservative rule of thumb is that an electric car can go 3-4 miles per kWh,” Welker said. “So divide your monthly mileage by three to get your monthly kilowatt-hours. Multiply that number by the price per kilowatt-hour. The resulting dollar amount may be less than what you pay for natural gas each month.
With this in mind, we provide an example. Let’s say you drive 1,058 miles per month (the average American drives 12,700 miles per year). In an electric car, you’ll use about 353 kWh in that time. The US uses it. In April 2023, the average household would pay about 15.47 cents per kilowatt-hour, or about $55 a month to charge an electric vehicle.
As of this writing, the average price per gallon is $3.66, according to AAA. So it now costs about $43 to fill a 12 gallon tank. Things get a little trickier because, as we all know, cars and trucks use different amounts of fuel.
Let’s say you average 30 miles per gallon in the city and on the highway. Using the same 12-gallon tank as a standard, you can travel 360 miles per fill-up. If you drive 1,058 miles in the same month, you should fill up three times a month and spend about $129 ($43 x $3).
Setting Up Home Electric Car Charging On A Budget
Again, this is just an estimate as fuel prices and mileage vary. But given that few cars and SUVs get close to the 30 mg average, in this case a fairly conservative number of connections clearly indicates less charging than filling the car. The economy gap narrows with more fuel-efficient cars, but it still exists.
Electricity prices depend on many factors, such as the area you live in, the time of year, and even the day of congestion charge. For the most part, power usage and costs are at an all-time low. According to Voelcker, that’s good news for those considering an electric car.
“While consumers are wary of accessing public charging stations, they should be aware that 90 percent of electric charging happens overnight at home,” Welker said. “The cheapest way to charge an electric car is often at home, overnight. Some facilities have special overnight rates when demand is low.
Where you live directly affects your electricity bill. Maine residents pay about 24 cents per kilowatt-hour for energy use, more than twice as much per kilowatt-hour in states like Wyoming or Nebraska.
How Long Does It Take To Charge An Electric Car?
When it comes to public Level 2 charging and Level 3 fast charging systems, the price is hard to beat compared to the cost of a normal home. This is because charging networks vary in price, not to mention availability in different parts of the country.
You can always install a Level 2 charger in your garage. The price is not cheap. About $2,000 is a reasonable amount for parts and installation. By level 2, you halve your charge time. It may add value to your home.
“Every electric vehicle (including ESLA) can use public Level 2 stations, but the Nissan Leaf uses a single fast charging standard (CHAdeMO) and every other electric vehicle has a different fast charging standard called CCS,” Voelker said. “.
Many states, local municipalities, and utility companies offer discounts and rebates to EV owners for installing home chargers. They help keep costs down even further.
The Best Home Ev Chargers Of 2023
Voelcker explains that the distinction is more complicated than that. “Most fast charging points have different cables on either side of the station. The same gas pump can dispense regular gasoline and diesel fuel from different gasolines.
As for cost, 240-volt (2-phase) charging can range from $0 to a flat hourly rate. Charging networks often offer membership programs to reduce charging costs. This is especially useful if you can’t charge your car regularly at home.
The EVgo network charges state-by-state fees, and costs vary by fast-charging facility. The payment method on his website is 30 cents per minute in Georgia. However, if you’re an EVgo Plus member, the price drops to 24p per minute. Other popular charging networks include ChargePoint and America Electric. Like most charging networks on the PlugShare app, users can search for charging stations, leave ratings, and recommend charging options to other EV drivers. The instructions include whether the charging station is in use and working properly.
Unlike the typical 240-volt Level 2 home charger system, Level 3 chargers are found in commercial establishments because they are prohibited for individuals to install at home.
Cost Of Charging Ev Vs. Gas Prices
Tesla has a network of more than 35,000 Superchargers worldwide. But that price varies depending on the region, time, model, and charging speed of the Tesla you’re getting. Tesla offers four charging levels. An important note: some Tesla sensors now work on non-Tesla vehicles. The non-Tesla Supercharger pilot began in Europe in November 2021, and earlier this year the Supercharger network began opening non-Tesla vehicles.
Voelcker emphasized that charging at home is the best option for those considering charging. Still, it’s just as important to know where to find the benefits of an electric car closer to home.
“Some employers are offering to pay for employee cars…
For example, a busy parking lot in a crowded city center might attract electric car owners with the promise of free charging. However, parking fees there can easily exceed what you’d pay to fill up the driest gas-powered car or truck. Still, drivers are seeing an increase in chargers with more free options at malls, hotels, and grocery stores.
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Nick Kurczewski is an automotive reporter who loves uncovering amazing stories and helping people make smart car buying decisions. Nick researches all aspects of the automotive world and regularly reviews the latest makes and models each work week. He went 200 miles per hour on a German bus and became a certified Zamboni driver at a downtown skating rink… Read more about Nick Kurczewski
Q: Are Tesla charging stations free? No, Tesla Superchargers are not free. Even if you own a Tesla, you have to pay to use them. Is charging electric cars cheaper than gas? Charging an electric car is cheaper than filling a conventional car with gasoline. How much does a level 2 charger cost at home? A Level 2 charger costs $2,000.
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