Mostly the Electric Car owners and the person like you and I have a common question. How much does it cost to charge an electric car?
In this short guide, we are going to discuss all the costs of EV charging along with other options and how to calculate the cost.
The Electric Car is one of the leading electric devices in all across the world and the biggest obstacles potential that buyers of Electric vehicles have regarding the charing of EV cars.
such as how charing works, what is the budget for charing the electric car and much more.
However, learning how to analyze the cost of EV charging can actually convert the obstacle into an incentive. As we all know Electric charging is always less costly compared to gas-powered vehicles.
The variety of possibilities makes it difficult to wrap one’s head around EV charging. When it comes to fueling a gas-powered car, the only decisions a motorist has to make are which gas station to go to (depending on price and convenience) and what grade of gasoline to use.
When it comes to purchasing a petrol car, we’re not afraid to look at estimates of miles per gallon. All of a sudden, with an electric vehicle, everything changes.
But the reality is that Electric charging vehicles, on the other hand, are inexpensive and simple if sny one gets their head around the new calculations and establishes new fuelling habits.
Measure the Cost Per Charge of Electric Charging
We all know what is the current price of gasoline per gallon and you may also know how many miles per gallon your car.
To understand how much an Electric Vehicles owner has to pay per charge and you may also need to know the kilowatt-hours an Electric Vehicle uses per mile along with what is the cost of the per hour cost.
What is Kilowatt-Hour?
A watt is a unit of power, while a watthour is a measurement of energy consumption. You’ve spent 100 watt-hours if you leave a 100 watt light bulb on for an hour. You’ve used 1000 watt-hours, or 1 kilowatt-hour if you leave the light on for 10 hours.
How Much Do You Pay For Electricity?
Well, most people likely pay for the electricity based on how many kWh they can consume per month. To determine the cost of the electricity you use per month you needed to examine the electricity bill and can easily calculate the cost per kilowatt.
The national average is $0.13 kWh. However, if you wanted to charge your EVs at home then the calculation of the cost of the single charge means multiplying the number of kWh is utilized to charge the battery by the cost per kWh.
This simply means when the electric vehicle owner charges its vehicle battery with 26 kWh and pays $0.10/kWh for the electricity the total cost for charging the electric car will be $2.60 for charging the battery.
How Much Electricity Does An Electric Vehicle Use?
To know the real-world price of charging the EV vehicles you needed to determine how efficient the car is using the electricity. Which is calculated in Kilowatt-hour per 100 miles. Well, how much kWh does the EV spend in driving 100 miles?
Well figure, This statistic corresponds to miles a gallon (or rather gallons per 100 miles). For instance, an EV with a 25 kWh/100-mile completion percentage may go 4 miles on a single kWh. That very same EV has an effective altitude of 200 miles with 50 kWh batteries.
According to the statistics the average American scales down approximately 40 miles per day. In theory, most electric cars with an efficiency rating of 25kWh /100 miles can use 10 kWh per day.
So basically if the owner of that electric vehicle pays $0.10 kWh for the electricity so basically you’re spending almost a dollar per day on the fuel of your EV car.
This statistic corresponds to miles a gallon (or rather gallons per 100 miles). For instance, an EV with a 25 kWh/100-mile completion percentage may go 4 miles on a single kWh. That very same EV has an effective altitude of 200 miles with 50 kWh batteries.
Fortunately for the EV car, it’s just the opposite they used a very small amount of energy idling but constantly use the power on the highways so the city traffic is more efficient when compared to the highways traffic.
The above charts only show the electricity consumption of EV vehicles till 2018, Which clearly shows it is a leading market the electricity consumption will increase in the upcoming future.
Well, you can also check out the below-given chart that shows the top ten electric vehicles along with the Wh/km energy consumption.
Different Costs For Ways To Charge The Electric Vehicles
According to the survey, almost 80 percent of the electric vehicles get charged at a home which makes lots easier to calculate the per month charging cost without having a hassle.
However many EV vehicles users do not have the home charging feature so they charged their vehicle while travelling from one location to another.
Most of the owners take advantage of the free charging station to charge their EV vehicles in the shopping center and some people prefer high-speed charging station available on the highways while there are on a long trips with family and friends.
The conclusion is the cost of charging electric vehicles depends on the location and resources that you’re using to charge your electric vehicle including home charging, high-power electric stations and much more. These are some of the ways to charge EVs from least to most costly.
Home Charging (off / on-peak): When it comes to the off-peak home charging of EV vehicles when the demand is lower. Because most of the charging is done overnight at the home when rates are low.
On another hand in on-peak home charging comes with a flat rate for electricity chargers but compare to the public rates it may to cheaper.
Free: It’s way too hard to find gasoline free of cost in the United States. However, some businesses try to increase their customers by providing free electric vehicle charging services. But the charging rates are often slower at Level 1 compare to other EV Charging stations.
Level 2 Public Charging Stations: Moreover the Level 2 Charging stations provide 240 volts similar to the clothes dryers consume, the public charging stations are design way as “Pay-as-you-go” for daily usage.
On public charging stations, you can easily enable the charging services for a monthly subscription plan.
High-Speed Public Charging Stations: Most the high-speed electric charging stations are used when charging time rather than cost matters most.
The high-speed charging stations provide 50KWH to 250KW (sometimes even higher). Well, not all-electric vehicles accept the full power that high-speed charging points can provide.
So most of the time Electric Vehicles pay high prices for charging their vehicles without taking complete benefits of the services.
Price of Charging Vs Price of Gas
Determine the extract cost for charging your EV’s vehicles thus depends on multiple options and variables. When it comes to the real scenario most electric vehicles will get charged at home and at public charging stations.
According to the Customer Report of 2020, says “fueling the prices of the electric vehicles is way too cheaper about 60 percent compared to the gas-powered vehicles”.
Just similar to the Electricity cost, Gasoline prices vary from state to state and country to country. Here are some of the state’s gas prices in 2021 April.
California -$3.91 per gallon, Mississippi – $2.59. According to this the United States Department of Energy calculates what is the flat rate of eGallon cost for each state in the United States.
What is eGallon and Its Cost in the United States?
Technically the eGallon is the amount of electricity required by an Electric Vehicle to travel the same distance similar to a gas-powered vehicle.
According to the March 2021 reports, the lower EV vehicle charging prices were found in the United States (Oklahoma) at a price of $0.81 per egallon. On the other hand, the most costly eGallon prices are found in Hawaii at a price of $2.65 per eGallon.
However, in each state of the U.S, electricity charging is way cheaper when compared to gasoline prices.
Gasoline Gallon vs. Electricity Gallon Prices
Now let us discuss the cost of fuelling a vehicle that every gasoline-powered vehicle pays in different states of the United States. In California, the gas-powered card owners pay almost $1950 per year for gasoline and in Mississippi year cost of gasoline is $1300.
When compared to the Electricity Vehicles’ fuel cost, In California it cost $900 per year for the same distance. In Mississippi, it cost $490 per year.
FAQ: Frequently Asked Questions
These are some of the frequently asked questions related to how much does it cost to charge an electric car.
How much does it cost to charge an electric car in the UK?
In the UK, the average home power rate is around 28p per kWh**. A 60kWh electric car will cost roughly £15 to fully charge (depending on where you live) and will have a range of about 200 miles.
How much does it cost for a full charge on an electric car?
Charging an EV with a 200-mile range (assuming a totally exhausted 66 kWh battery) will cost around $9 if power costs $0.13 per kilowatt-hour.
How much does it cost to install an electric car charger at home?
In the United States, the average home charger costs between $1,000 and $1,200 (£740-£900) to purchase and install – however, as in the UK, the government offers a rebate that can help decrease the cost. A federal tax credit of up to $1,000 can be used to offset the cost of your new electric vehicle charger.
Can you plug an electric car into a regular outlet?
Today’s electric vehicles all come with a charging unit that can be plugged into any ordinary 110-volt outlet. This device allows you to charge your electric vehicle using standard household plugs. The disadvantage of charging an electric vehicle with a 110-volt outlet is that it takes a long time.
This is end of this short guide.