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What Is the Price of Charging an Electric Car?

Will my energy bill soar when I charge at home? is a question that prospective owners of electric cars must ask themselves. You are essentially hooking a Volkswagen-sized battery into your home, so the electric meter must whirl like it did when Clark Griswold plugged in a million strings of holiday lights, right?

An EV might end up being one of your home’s most power-hungry appliances, but keep in mind that your gas spending will likely decrease at least as much, if not far more. Fear not, though: It’s simple to calculate and probably won’t result in the average electric bill being doubled or tripled in size as a result of driving an electric vehicle.

What Is the Cost of Charging an EV at Home?

You need to be aware of the following in order to determine how much an electric car may raise your monthly energy bill:

  • number of monthly miles driven
  • On the government website, you may find the EV’s efficiency in kilowatt-hours per mile.
  • Local kWh price, expressed in cents

Even then, prices will vary depending on a number of different factors, but we can give you an idea. In contrast to gallons of fuel in a conventional car, the amount of electricity consumed is measured in kWh.  You might want to perform the same calculation for a few different monthly electric bills to obtain a more accurate average by taking into account differences in the electric rate from month to month or other billing variances like metering or fees.

From here, you may calculate your total kWh usage by dividing the 0.28 kWh per mile use by the number of miles you travel each month. The EPA’s assessment takes into account both vehicle consumption and charging losses since there are energy losses involved in transporting power from the grid to the battery. As a result, you end up paying more than just what the car uses.

Factors That Could Drive Up Your Electric Bill Monthly

According to statistics from the Energy Information Administration, paying an extra $38.50 a month to charge an electric car at home would result in a 33% increase in the typical electric bill. It’s great that it costs less than $40 to travel 1,000 miles, but your costs may change depending on how frequently you drive and where you live, where electricity is more expensive or less expensive. If all other parameters remained constant, California’s average kWh rate in November 2021 would be 23.76 cents, increasing the monthly cost to $66.53 per month.

Additionally, a less effective EV can cost more to operate.

The aforementioned instances are ideal cases that achieve EPA-rated efficiency. In actuality, EV efficiency varies depending on driving circumstances (vehicle load, changes in height, and temperatures), much as in a traditional gas-powered automobile.

How Much Does an EV Fast Charge Cost?

When compared to home charging, the cost of DC fast charging can more than double or triple, eating up any possible fuel savings. Be aware that while “rapid charging” is quick compared to home charging, it is still not nearly as quick as filling up an internal-combustion vehicle at a petrol station. In our opinion, Level 2 home charging is ideal for EV ownership, and rapid charging should only be used in dire circumstances.

Tesla Supercharger billing prices vary depending on location, but in our experience, largely in Illinois, we’ve been charged 30-37 cents per kWh while using either of the company’s 150- or 250-kilowatt Superchargers. In addition to the charger itself, factors that affect charging speed include the outside climate, the condition of the car, and the battery’s level of charge. Because we required the most amount of range possible while traveling, we had to wait until the battery level was at least 95%.

But frequently, automakers only provide a certain amount of free DC fast charging over a certain number of years or kWh.

When possible, Tesla Superchargers and other fast-charging networks like Electrify America and EVGo charge per kWh; but, depending on state rules, you may also be charged by the minute. “We believe paying on a per-kWh basis offers EV drivers a fair and consistent charging experience,” says Electrify America.

When not complimentary, like with our Model Y, just using DC fast chargers will reduce cost savings compared to charging at home. Additionally not advised is frequent DC rapid charging due to the faster health decline of the battery.

Electricity Vs. Gasoline Costs

When refueling at home, EVs are less expensive than comparable gasoline cars, but don’t mistake that for the fact that owning an EV will immediately save you money because, at the moment, the additional cost associated with purchasing an EV and installing home-charging equipment doesn’t guarantee a quick payoff. Although the cost of charging an EV may significantly raise your current energy bill, it is typically much less expensive than refueling a gasoline-powered vehicle.

For more information you can click:

Are electric vehicles more environmentally friendly?

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