The Cost Of Charging An Electric Car

authorBy Vishal

How Much Does It Cost To Charge An Electric Car?

The most frequently asked question about electric automobiles is how much it will cost to charge them. Making an informed choice between an electric and a gas-powered automobile requires some preliminary research into the expenses of charging and gasoline. 

Cost to charge an EV in Kilowatt Hours(kWh)

An electric automobile can often travel 3 to 4 miles on a single kWh. To calculate the monthly kWh usage, multiply the total number of miles you drive each month by three. Add your cost per kWh to that value. The amount you receive will probably be less than what you spend each month on gas.

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The rate increases with increased charging speed

There are more than 35,000 Tesla-specific Superchargers spread out over the world. However, depending on your location, the time of day, the Tesla model you're charging, and the tier you select for your recharge speeds, the charges might vary significantly. Tesla offers four levels of charging. One crucial disclaimer: Tesla Superchargers only function for Tesla automobiles. Up until that point, only American EVs could use the network. In Europe, the non-Tesla Supercharger experimental program started in November 2021.

In contrast to a normal 240-volt Level 2 home charger system, Level 3 chargers are typically found in commercial settings because installing them at home would be prohibitively expensive. 

The greatest choice for anyone contemplating an electric car is home charging. However, knowing where to find EV benefits close to home is just as crucial. Some places of employment provide parking for employees' cars. However, owners of electric vehicles rapidly discover which public charging stations are free to use, which ones need a fee, and how much they cost.

Cost of faster and level 2 charging

Tesla and other electric vehicles can use open Level 2 stations. But while all other EVs utilize the CCS fast-charging standard, Nissan Leafs employ a distinct fast-charging standard called CHAdeMO.

Prices for public Level 2 charging and Level 3 fast-charging facilities are more difficult to pin down when compared to average expenditures for at-home use. This is due to the fact that charging networks' costs and locations across the nation differ.

Many states, local governments, and utility providers provide rebates and other incentives to encourage owners of electric vehicles to install home chargers. These further help to reduce expenditures.

Installing a Level 2 charger in your garage is always an option. The price is not low-cost. An acceptable estimate for parts and installation is around $2,000. You can potentially reduce your charging time in half by moving up to Level 2. And it might raise the value of your house. 

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Cost to recharge compared to a fill-up of fuel

Imagine you are operating an economy vehicle that achieves a cumulative total of 30 miles per gallon while being driven both on the interstate and in the city. For each fill-up, based on the same 12-gallon tank, you'll have 360 miles of driving range. With the same 1,183 miles per month of driving, you'll need to refuel around three times per month, costing $182 ($47 x 3.88).

As of this writing, the average petrol price, as reported by AAA, is $3.88 a gallon. Therefore, the current cost of filling a 12-gallon fuel tank is around $47. Due to the fact that cars and trucks use such significantly different quantities of fuel, things may become a bit complicated.

Given that gasoline costs and mileage fluctuate, this is merely an estimate. In this case, however, it is evident that recharging will be less expensive than refuelling a car because few cars and SUVs come close to getting a 30 mpg combined average. With a vehicle that uses less fuel, the cost difference gets less, but it still exists.

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Costs of charging an EV at home

Customers should be aware that up to 90% of electric car charging is done overnight at home, despite their concerns about accessibility to public charging stations. Your electric car can almost always be charged overnight at home for the least amount of money. Some utilities offer special, reduced rates during the midnight hours when demand is at its lowest.

The area in which you reside, the season, and even the hour of the day when peak rates are in effect are just a few of the variables that might affect electricity rates. Late at night is generally when electricity use and costs are at their lowest. Good news for anyone thinking about purchasing an EV.

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Choosing the correct plug for an EV charge

You might pay nothing to a set hourly rate for a 240-volt (Level 2) recharge. Membership programs are frequently offered by charging networks to reduce your recharge costs. If you are unable to regularly charge your car at home, that is especially helpful.

Both types are available at the great majority of fast-charging facilities, with a distinct cable on either side of the station. It's as if the same gas pump could dispense diesel fuel through a different hose from conventional gasoline.

Here’s what we recommend

To calculate your home charging costs, locate your power statement and divide the [number] of kilowatt-hours you consumed by the final dollar amount. That will display the price per kWh that you paid.

You must use mathematics. Not to worry. The math is rather straightforward. It is helpful to have a recent electric bill on hand for comparison in order to get the most accurate estimate. You should figure out how much you spend on power each month.

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FAQs

Q. How long does it take to charge an electric car at a charging station?

Ans: Any public charging station or at-home station can be used to charge an electric vehicle. A car can be fully charged in as little as 30 minutes or it could take up to half a day.

Q. Is charging free for electric cars?

Ans: At public charging stations, lots of people recharge their electric vehicles. Prices for them are controlled by networks or property owners, and they might be free, pay-as-you-go, or subscription-based. Some companies, like Tesla, Nissan, and Hyundai, may offer free public charging at specific stations.

Q. How much does it cost to charge an electric car at a charging station in the Us?

Ans: In the entire US, the average home electricity rate is roughly 28p per kWh**. Depending on where you live, a 60kWh electric car will have a range of roughly 200 miles and cost about £15 to fully charge.

Q. How long do electric car batteries last?

Ans: An EV battery is expected to last 10-20 years depending on maintenance and care.