What is the Average Cost to Charge an Electric Car?
Electric vehicles (EVs) are gaining more popularity these days. They can save you a lot of money on fuel costs compared to traditional gasoline vehicles. But how much does it cost to charge an electric car? The answer is not that simple because various factors can affect charging costs. In this blog post, we will delve into the average cost to charge an electric car.
Factors Affecting Charging Costs
Before we dive into the average charging costs, we need to go over the factors that can determine how much you will pay to charge your electric car. These factors include:
- The cost of electricity in your area
- The type of charging station you use (level 1, level 2, or DC fast charging)
- The size of your car’s battery
- The charging time
- The time of day you charge your car (electricity rates may vary during peak hours)
As you can see, a lot of factors can affect the cost of charging an electric car. Let’s move on to the average charging costs.
Average Charging Costs
According to the US Department of Energy, the average price for residential electricity was 13.31 cents per kilowatt-hour (kWh) as of March 2021. Based on this rate, charging a 40 kWh battery (like the Nissan Leaf) would cost around $5.32 for a full charge.
If you use a level 2 charging station at home, the cost may increase to around $8 to $10 for a full charge (assuming an 8-hour charging time). The cost may vary depending on the electricity rate in your area.
If you use a DC fast charger (like those found at public charging stations), the cost may be much higher. These chargers can charge your electric car from empty to 80% capacity in around 30 minutes. However, the cost can range from 20 cents to 50 cents per kWh, depending on the charging station and location.
The average cost to charge an electric car can vary depending on various factors, including the type of charging station, the size of your car’s battery, the time of day you charge, and the electricity rates in your area. However, on average, you can expect to pay around $5 to $10 for a full charge at home using a level 2 charging station. If you use a public DC fast charging station, the cost may be much higher. Keep these factors in mind when deciding whether an electric car is the right choice for you.