What Does It Cost to Charge an Electric Car?
Electric vehicles (EVs) have become increasingly popular in recent years. They are environmentally friendly and can save you money on fuel costs in the long run. However, one of the concerns potential EV owners have is how much it will cost to charge an electric car. In this blog post, we’ll discuss how much it costs to charge an electric car and what factors can affect that cost.
Factors that Affect the Cost of Charging an Electric Car
There are a few factors that can affect the cost of charging your electric car:
- Electricity rates: The cost of electricity varies depending on where you live. Rates can also vary depending on the time of day. Off-peak rates are usually cheaper than on-peak rates.
- Battery size: The size of your EV’s battery can affect how much it costs to charge your car. Larger batteries will cost more to charge than smaller ones.
- Charging speed: The faster your car charges, the more expensive it will be. Fast charging can also put more wear and tear on your battery, so it’s important to balance charging speed with battery health.
- Charging method: There are different ways to charge an electric car. Level 1 charging uses a standard household outlet and is the slowest way to charge your car. Level 2 charging uses a 240-volt outlet and is faster than Level 1 charging. DC fast charging is the fastest way to charge your EV, but it can be expensive.
How Much Does it Cost to Charge an Electric Car?
The cost of charging an electric car varies depending on the factors mentioned above. However, on average, the cost to fully charge an electric car is around $11.47. This is based on an electricity rate of $0.13 per kilowatt-hour and a standard battery size of 60 kilowatt-hours.
It’s important to note that your actual cost may be higher or lower depending on where you live, your electricity rates, and the size of your car’s battery.
How to Save Money on Charging an Electric Car
While charging an electric car is generally cheaper than fueling a gas-powered car, there are still ways to save money. Here are a few tips:
- Charge during off-peak hours when electricity rates are cheaper
- Use Level 2 charging at home instead of Level 3 fast charging
- Look for free charging stations in your area
- Consider getting a time-of-use rate plan from your electric company
By following these tips, you can save money on charging your electric car and enjoy all the benefits of driving an environmentally friendly vehicle.