To give you a ballpark idea of charging costs, we looked at average electricity prices and charging fees across the world and calculated how much it would cost to fully charge an EV with an average size battery of 68 kWh at home, publicly, and if using a fast charging station. Contact online >>
To give you a ballpark idea of charging costs, we looked at average electricity prices and charging fees across the world and calculated how much it would cost to fully charge an EV with an average size battery of 68 kWh at home, publicly, and if using a fast charging station.
At the bottom of this article, we''ve created an overview of estimated EV charging costs for 4 popular electric cars in the US, EU, and UK.➡️ Click here to jump down to our detailed average charging cost overview directly.
The exponentially growing global share of EVs is proof that electric mobility is here to stay – a record 14 percent of new cars sold in 2022 were electric, having more than tripled since 2020. There is no doubt that more and more people today are considering buying an EV than ever before. A crucial question many have before they invest in an EV is how much it costs to charge.
There are many different factors that contribute to the cost of EV charging. For instance, one of the biggest cost differentiators is whether you''re charging at home, at a public charging station, or at a fast charging station.
How much it costs to fill a gasoline vehicle depends on the price of gas and the size of the tank. Similarly, charging an EV depends on the price of electricity and the size of the battery.
An EV''s battery is measured in kilowatt-hours (kWh), which can be seen as the electric equivalent of a unit of fuel (1 liter or 1 gallon) and usually ranges from 40 kWh on the small side to 100 kWh for larger vehicles. The smaller the battery, the shorter the range, but the faster it is to reach a full state of charge (SoC).
How much both gas and electric cars cost to drive depends on the vehicle''s fuel economy. Just like gasoline cars, if your vehicle uses up more fuel, it will cost more. And as the saying goes, "what gets measured, gets managed."
Traditionally, fuel economy for gas cars is measured in miles-per-gallon or liters-per-100 kilometers and split depending on whether you''re driving in the city or on highways. For EVs, there are similar equivalents for both miles and kilometers:
The three main ways to charge a vehicle are home charging, public charging, and fast or DC charging. With so many possible ways to charge, it''s not surprising that drivers usually opt for a mix of available options.
Data from the US government suggests that a further makeup will likely reflect 81 percent residential, 14 percent workplace/public level 2 charging, and 5 percent fast charging.
As the electric mobility transition accelerates and more public and fast charging stations become available, more people are comparing gas cars to electric cars and questioning which one is more beneficial and cost-efficient.
The ability to charge an EV at home is undoubtedly one of the most attractive reasons for those considering purchasing one. You can simply come home from work, plug your vehicle in, and wake up the next morning with a full battery. Besides the convenience factor, home charging is also the most economical way to charge your EV.
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