Is It Really Cheaper To Drive An Electric Vehicle
Of all the ways that electric vehicles save you money, spending less on gasoline is arguably the most compelling. The price of both gasoline and electricity will vary depending on your state. But as of this writing, the average cost of regular gasoline per gallon is about twice the equivalent cost in electricity. If you buy an electric vehicle for the long run, the money you save on fuel can really add up.
Electric vehicles are also less expensive to maintain, aside from the usual wear items like tires, brakes, and windshield wipers. You will eventually need to replace the battery, but new EVs today are sold with an eight-year or 100,000-mile limited warranty. Theres a good chance you wont have to deal with any major mechanical repairs, lowering your average maintenance costs.
There are also electric vehicle tax credits and rebates, which can make your ownership experience that much more rewarding. If youre able to claim federal tax credits, state rebates, and utility rebates, the savings can be more substantial than you might realize. Some utility companies also offer reduced electricity rates with your purchase or lease, lowering the cost of charging an electric vehicle at home.
How Long Does It Take To Charge An Electric Vehicle
Do you wonder the amount of time it takes to get an electric vehicle recharged? Look no further as this article has carefully analyzed the time required for an electric car to be fully charged and gives insight into the capacity measure of an electric vehicle.
We also give you answers to some other questions you might have, such as how much it costs to effectively charge an electric vehicle? How fast can electric vehicles be charged?
Lets Get started.
Do Electric Cars Increase Your Electric Bill
The ordinary car is cheaper than an electric car which requires regular charging to be able to use it. Electrical appliances are embedded in the cost of the electricity bill paid by every home.
Electric vehicles need constant recharging to keep them functional. This indicates that the household electricity fee will rise to show the electric cars current quantity while using the EV.
If you plan to purchase an electric vehicle or an electronic pickup, always count the cost and make proper calculations on its financial involvement for the maintenance of the car when it is bought.
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Why Can Charging An Electric Car Be More Expensive Than Petrol Diesel Or Hybrids
With very few exceptions, it should always be cheaper to charge your electric car at home. But if you’re using charging points away from home, you could end up paying up more than any other car type.
Those using Rapid and Ultra Rapid chargers are particularly at risk from paying more than their fossil fuel counterparts.
As an example, our lab tests show that medium-sized electric hatchbacks like the VW id.3 use an average of 20.38kwh per 100km in our tests. That means a car this size will use 2951.9kWh over 9,000 miles – the typical pre-covid annual mileage.
If you were to pay 38p per kWh or more to charge it and many rapid or ultra-rapid chargers cost more than this youd pay £1,121.71 over a year. Thats more costly than the equivalent diesel or petrol-hybrid car.
If you don’t want to pay over the odds, use our information below. Basically, if you’re paying more than the number on the far right, you’re paying more for your electricity than the equivalent hybrid or traditional combustion car.
Siemens Ev Charger Cost
The cost of a Siemens chargeraverages $1,200 to $1,400 when fully installed. While the Siemenscharger does not use a screen, it is app-enabled. This feature makes them veryeasy to use, so you can tell from anywhere how close your vehicle is to beingfully charged. Their chargers are portable as well and intuitive to set up.These chargers are better used indoors.
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How To Reduce Electric Car Charging Costs
Below are a few tips you can try for reducing electric car charging costs:
- If you primarily charge your car at home and youre in an area affected by time-of-use rates, try to do most of your charging during off-peak hours.
- Use tools like EnergyRates.ca to find the lowest electricity rates in your area.
- For individuals who need to charge at public charging stations, research and compare the price of charging at various stations. Additionally, charging electric cars for free is a possibility at some stations.
- Avoid charging your car in cold temperatures as low temperatures will slow down the rate your EV charges at.
As weve mentioned above, one way to maximize your electric car savings is through using cost comparison tools like EnergyRates.ca you can find the lowest electricity rates in provinces where electricity is deregulated . Plus, our experts can also help you find green energy rates and plans to help you further limit your carbon footprint.
Cost To Install Level 3 Charger
Labor costs for installing aLevel 3 charger average $2,750 to $5,500. With the cost of the charger andother parts, this makes the total installation cost between $14,750 and$40,500 on average. Level 3 chargers are not designed for residential use.While they can charge a battery in under an hour, these large chargers aredesigned to hold several cars at once. They are noisy and require a dedicatedpanel in most cases. They are not designed to be installed inside or next to abuilding but farther away in a parking lot. At most, they could be used in acondominium or apartment setup, where multiple users will charge their cars atone time, rather than in a single-family home setup.
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Webasto Charging Systems Cost
Webasto charging systems costbetween $1,000 and $1,300 on average when fully installed. Webastomakes a full range of both hardwired and plug-in stations. Their chargers arefairly basic when compared to other companies. They do not have screens, Wi-Fi,or other accessories. This can be attractive to people who simply want areliable charger they can plug their car into and go. Their chargers are fullywaterproof and have several safety features that make them usable in anycircumstance.
Who Will Benefit From The Charging Calculator
Every owner of an electric car needs this service. It can be both a beginner and an experienced driver who has already changed several electric cars. After all, the calculator will help to quickly and easily calculate the speed and cost of charging. You only need to enter the price of one kilowatt and select your type of outlet. Then the service will calculate everything and provide the most detailed report.
Other calculators require you to enter a lot of data manually, and still only support the calculation of the cost of charging from the outlet. Don’t waste your time, use cost to charge electric car calculator, and don’t forget to bookmark it. Use your own electric car with maximum comfort, depending on the parameters, use any suitable calculator. Calculate the cost charge electric car with the utmost accuracy and always arrive on time.
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How Long Do Electric Car Batteries Last
That depends on a range of things such as the manufacturer, exposure to extreme temperature and charging habits. On average, your electric vehicles car battery loses 1-2% function per year generally, most individuals will change vehicles long before their electric vehicle battery becomes unusable.
As a general estimate, you can expect an electric vehicle battery to last between 10-20 years before needing replacement.
Below are a few things to keep in mind in order to extend your electric vehicles battery life:
- Avoid prolonged usage in extreme weather conditions.
- Keep your battery charged between 60-80% depleting your battery to 0% frequently will cause your battery to degrade faster.
- Fast charging your vehicle frequently will also cause your battery to degrade faster.
Potential Discounts For Electric Cars
While electric vehicles can be expensive, you may be eligible for tax credits, special discounts, and incentive programs to make them more affordable. Also, there are programs that can reduce your energy costs.
For example, the Orlando Utilities Commission in Florida offers customers a $200 rebate when they purchase or lease an electric vehicle.
In Nevada, NV Energy has special time-of-use rates for electric vehicle owners. If you charge your car during nonpeak hours, such as late at night or early in the morning, then youll pay a discounted rate.
The website PlugInAmerica lists available tax credits, rebates, and discount programs in your state.
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Range Charging And Battery Life
With the standard 58.0-kWh battery pack, the Ioniq 5 is estimated to provide 220 miles of range. The larger 77.4-kWh pack is rated at 256 miles with dual motors and 303 miles with a single one. Hyundai says the larger battery can be charged from 10 to 80 percent in around 18 minutes or add 68 miles in about five minutes when plugged into a DC fast charger.
How Much Does It Cost To Charge Your Car At A Tesla Charging Station
First off, you cant just walk to a Tesla charger and plug in your car yet. The ports arent compatible. This means youll need to buy the J1772 connector to do just that.
Buying this connector will cost you under $160. Another option is the TeslaTap brand that costs between $140- $260 depending on the amps you desire.
Tesla charges an average of $0.28 kWh to use its superchargers. If youre using stations that charge per minute, its $ 0.26 for cars charging below 60kWh, while charging above 60kWh costs $0.13.
So, even though it is possible to charge at a Tesla charging point, youll need a connector that will help you use the charging port. This factor could be cheap or expensive depending on your situation and needs.
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Cost To Charge Electric Car Vs Gas
With the average price of gas in the United States hovering around $3.30 per gallon as of the writing of this article, filling up a standard 12-gallon gas tank would cost about $39.60. Of course, we know that smaller vehicles, SUVs, and trucks consume different fuel amounts.
But for the sake of the example, let’s say you drive an economical vehicle with an average of 30 miles per gallon. With the standard 12 gallon tank, you would have about 360 miles of driving range each time your fill up your vehicle.
If you drive about 1,000 miles a month, you will need to refuel your tank at least three times. This would cost you about $118.80 a month to fuel a standard compact car each month.
If you drive an SUV or other larger vehicle, your gas cost each month will cost significantly higher. You only pay about $25 per month when you charge up your electric vehicle, saving you $90 a month.
How Much Does It Cost To Charge An Electric Car At Home
Charging your electric vehicle at home is the easiest and most cost effective way to charge. Most electric vehicle owners make plugging in their vehicles, as automatic as unlocking the doors when arriving home, where the vehicle would always be plugged in if not in use. Therefore, it is most common for vehicle drivers to charge at home in the evening or through the night, as people arrive home from work. Dependent on the amount of battery used throughout the day, in most cases the charge will simply top up to full capacity. Topping up a vehicle every night will cost on average between 1.40 2.50 per day to maintain full charge. The cost to fully charge the battery from near empty would be between 9.10 9.90 . However these daily, monthly costs could be much lower if you where utilising time of use tariff options and green energy solutions. Its been known whereby customers are actually paid to their charge vehicles, when there is so much surplus energy on the grid!
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Calculating The Cost To Charge Your Electric Car Is Easy:
1. Find your most recent utility bill to obtain your cost per kWh. The average rate in the U.S. is $0.1269 per kWh , which is the cost we use in the chart below.*
2. Find your electric vehicle battery capacity using the chart below or the vehicle manufacturers website.
3. Multiply the electric rate from #1 with your battery capacity from #2. This will be an estimate of the cost to fully charge your electric vehicle if its completely empty.
*Battery sizes were obtained using manufacturer websites. This chart does not take into account the usable battery percentage it may cost less to charge your vehicle from empty to full if the usable battery percentage is less than the battery size.
Cost To Charge An Electric Car At Work
The cost of charging an electric car at work can vary between organisations with some choosing to provide free charging while others set a paid tariff.
- Some employers offer free charging as a staff incentive.
- Others opt for a time-based tariff to encourage sharing of charging stations.
- Another model is to offer free employee charging for a set period of time and a fee after this time to encourage employees to vacate charging spaces.
Tip: More and more businesses around the UK are installing electric car charging facilities. Employee demand is one of the key drivers along with the sustainability benefits and reduced fleet costs.
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Level 2 Public Charging
Level 2 is the most prevalent type of pubic charging, and youll find units installed in retail parking lots, public parking garages, and new-car dealerships, typically in or near larger cities, college towns, and other areas where theres a higher concentration of EVs.
Some Level 2 public charging stations can be used at no cost, while others charge a fee. This can either be on a pay-as-you-go basis using a credit card, or via an account with a charging network like ChargePoint or Blink. The cost to charge an EV differs from provider to provider and from state to state. Some states allow pricing based on the kWh of electricity used, while others only allow providers to charge on a per-minute basis. While the ChargePoint network allows the property owner where the charger is situated to set rates, Blink charges between $0.04-$0.06 per minute or from $0.39 to $0.79 per kWh, in states where thats permitted.
Chevrolet says its Bolt EV will get back an average 25 miles of operating range per hour of Level 2 charging. Thats a cost of between $2.40 and $3.60 at the above rates, compared to the EPAs estimate of $2.15 to drive a gas-powered Chevrolet Cruze for 25 miles.
How Long Does It Take To Charge An Electric Car
Having an electric car means getting used to a totally different way of keeping it running, which can be a challenge after years of driving internal combustion-powered cars. Instead of pulling up at a petrol station pump and spending a few minutes filling up the fuel tank, theres a battery to charge. But how long does it take to charge an electric car?
Does it mean spending hours at a charging point before you can carry on with your journey? In this blog, well answer these key questions because we know that its something people worry about when it comes to switching to driving an electric car.
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How Much Does It Cost To Charge A Tesla
Savings from using electricity as opposed to gasoline may vary depending on whether electricity is taxed in your area and how much you currently pay for other sources. At a whopping $0.12 per kWh, a Tesla electric charge is significantly cheaper than gasoline, which costs an average of $4.50 per gallon and around $0.18 per kWh .
According to fueleconomy.gov, an average American spends around $1,100 on gasoline every year. Assuming you drive 15,000 miles per year at 25 MPG you would drive around 37,500 miles in your Tesla. If you drove this car to commute every day of the year, you could save yourself around $3,627 on gasoline bills alone!
So what does it cost to charge a Tesla? Well, as we mentioned earlier the average cost of electricity in America is $0.12 per kWh and Tesla recommends that you charge your car overnight when demand for power is lower.
Over a year, if you charged your car once daily at night, you would spend around $408 on electricity to charge your Tesla. So this brings us to a total of $3,935. But this is just the average price. If you have solar panels at home or live in a state that has a particularly low electricity tax, then your bills will be lower!
Note: The cost to charge a Tesla varies depending on which model you own and how much it costs for energy where you live.
Guide To Use Our Electric Car Charging Cost Calculator
- Select your currency
- Electricity price of your supplier â Select your electricity rate per kWh. Check your electricity bill or contact your supplier to find this information.
- The battery size of the EV â It corresponds to the full battery capacity of the car in kWh.
- Charging efficiency â Enter the charging efficiency of the vehicle in percentage.
Good job! Youâve now calculated the cost to fully charge the electric vehicle.
If youâre interested in estimating the cost to charge an EV for a certain distance, please follow the next steps.
- EV energy consumption per 100 miles or km â Select here the consumption in kWh/100 of the vehicle.
- Distance â Select the distance you want to calculate the charging cost for.
This is a basic estimation simply taking into account the price you pay per kWh of electricity, the battery size of the vehicle, the energy consumption, and the charging efficiency. However, many other factors can influence the charging price of an electric vehicle. For this, we invite you to check our article How much does it cost to charge an electric car? where we also give useful tips on how to reduce the final cost.
Important legal information
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