How Much Does It Cost to Charge an Electric Car?

People often shop around for the cheapest gasoline in town. You can see them looking for gas station signs for the lowest per-gallon price. As the electric vehicle (EV) market matures, consumers are going to be sensitive to how much it will cost to charge an electric car.

Electric Car Charging Costs

Cost of Installing and charge EV at Home

For home use Level 2 ev charger, the installation costs will depend on the system you select, permitting fees in your area, and your home's configuration. 

Charging costs depend on your electric car's battery size and the local price of electricity. Most electric utilities offer special time-of-use (TOU) rates that greatly reduce costs by billing less for electricity used during off-peak hours.

Cost of charging at public

Several studies have revealed that EV charging stations attract new customers and can make them spend more time within a store or restaurant, which leads to increased sales.  Besides, public ev charging stations help to increase customer satisfaction, which often leads to customer retention and the overall marketability of your business.

The public dc fast charging stations can be free or charged with prices set by networks or property owners. Currently, most automakers provide complimentary public charging at certain chargers. The industry is moving toward a fee structure based on kWh used, rather than by the time it takes to charge the car.

The costs for charging at public stations can vary a lot, so check the local prices when filling up. Usually, dc fast charging price is higher than level 2 charging. However, most people would like to pay more for convenience. After all, the fuel to drive an electric car is much cheaper than gasoline, saving you about 60% to 70% of your costs.