- How Much Does It Cost To Charge An Electric Car?
- What Is The Cost To Charge An EV In kWh?
- How to Calculate an Electric Vehicle’s Charge Costs?
- Average Yearly and Monthly Cost to Charge an Electric Car
- Cost of Charging an Electric Car at Home with a Residential EV Charging Station
- Cost of Charging Electric Car at EV Public Charging Stations
- EV Charging Costs vs. Gasoline Fueling
- How Can I Estimate My EV Charging Costs?
- Different Costs for Different Ways to Charge: The Faster the Charging, The Higher the Rate
The Hidden Costs of Charging an Electric Vehicle Nobody Is Talking AboutWhen figuring out what does it cost to recharge an electric vehicle at a public charging station, you should beware of the hidden costs. Some charging stations charge you by the power consumed, but others charge by the hour, these ones may incur higher expenses during winter in extreme cold weather. Charging an EV at below freezing temperatures regularly takes two up to three times the regular time. If you frequently charge in a public charging station that features hourly tariffs, you might end up paying up to three times the cost. This is why EV charging at home in a controlled temperature environment is a much safer strategy. Keep in mind however that another hidden cost is associated with the installation costs of a level 2 EV charging station that could go anywhere from $400 up to $6,500.
How Can You Save On EV Charging Costs?Just like there are additional costs to be considered when calculating how much is the electric car charging cost, there are also ways to save money. In this section, we give you some tips and hidden secrets that will help you save on EV charging costs:
- Apply for Tax Incentives: The U.S. government is invested in increasing EV usage, which is why it is subsiding citizens with up to $1,000 in incentives for installing EV chargers, and up to $7,500 for the acquisition of new EVs.
- Charge up to 90% in public stations: Some public charging stations charge by the hour. Considering that the last 10% of your EV charges at a much lower speed, you can save on charging costs by disconnecting your vehicle once it reaches the 90% charge.
- Beware of the Temperature: EVs should be charged in temperature-regulated places. Charging at below 32ºF temperatures will reduce charging speed, possibly making you spend unnecessary money on energy while charging above 113ºF reduces the lifespan of the battery.
- Consider a solar PV installation: Solar PV systems can produce cheap and clean energy. This will reduce your carbon footprint, reduce the cost of electricity at your home, and therefore allow you to charge EVs at a lower cost.
– Using a Level 2 EV Charging StationLet us analyze the case of Electrify America level 2 EV charging stations, featuring a cost of $0.03 per minute or up to $1.80 per hour. The Ford Mustang Mach-E features an 11 kW on-board EV charger, meaning it takes around 9 hours to charge it, for a total cost of $16.2, this is without considering monthly membership fees and the idle fee of $0.40/min in case you leave the EV idle for longer than 10 minutes.
– Using a Level 3 or DC Fast Charging StationA Level 3 DCFC station features a similar case. For instance, EVgo DCFC stations charge $0.34/kWh plus $3 to reserve a spot. Charging the 98.7 kWh battery of the Mustang Mach-E takes only 1 hour, with an overall cost of $33.55. The lowest tariff is set at $0.22/kWh with no reservation cost but requires paying a $12.99/month membership, charging at this tariff costs $21.71 to charge the battery, still more than for a home charger.
Table 3: Charging Cost for different EVs in Home vs. Public EV Charging Stations
CyberSwitching EV Charger on Pedestal
CyberSwitching Dual EV Charging Station
Nick Zamanov is a head of sales and business development at Cyber Switching. He is an expert in EV infrastructure space and he is an EV enthusiast since 2012, Since then Nick strongly believed that electric vehicles would eventually replace Internal Combustion Engine (ICE) cars.