As electric vehicles (EVs), become more and popular, people begin to consider the benefits of owning one. The cost to charge the electric car at home is one of the main concerns people have when considering an EV. In this article, you will learn about the different factors affecting the cost of recharging an electric vehicle. You will also get some useful tips for reducing these costs.
Understanding Electricity Costs
It is important to consider the cost per kilowatt-hour (kWh) of electricity where you live when calculating your cost to Charge an Electric Car at Home . The cost of electric power varies according to your location. In the United States, however, it is usually about 13 cents per Kilowatt Hour (kWh). Your electricity bill will show you how much each kWh costs.
Calculate Charges for Electric Vehicles
After you’ve calculated the cost of electricity in your area, it is possible to estimate the cost of charging your electric automobile. Electric cars typically have batteries with capacities between 30 and 60kWh. For example, if your battery capacity is 60 kWh but the cost per kWh of electricity in your area is only 13 cents, then it will cost around $7.80 for your car to be fully charged.
Time of Use Rates
A third factor that may affect the cost to charge your Electric Car at Home is the time of usage rates. Some utility companies have lower rates in off-peak time, making charging your car more affordable. Find out if your utility company offers time-of-use rates.
The costs of charging an electric car also vary depending on the charging method you choose. You can charge your electric car in three different ways: Level 1, Level 2, and DC Fast Charging. Level 1 charging can take up to 24 hours for your car to be fully charged. Level 2 charging can charge your car fully in 4-6 hours using a standard 240-volt socket. DC fast charging is the fastest, but it’s also the costliest. It can fully charge your vehicle in about 30 minutes to one hour.
You can reduce the cost of charging an electric car by following these simple tips
There are several ways you can lower the cost to charge your electric car. You can also take advantage, as we mentioned before, of time-of-use rates. Installing solar power panels on your roof can provide you with free electricity to charge up your car. Consider Level 1 charging – slower but using less electricity – or Level 2 – faster but still using more energy than DC Fast charging.
The Cost to Charge an Electric Car at Home is determined by a variety of factors. These include your local electricity rate, how long you plan to use the vehicle, and what charging method you use. These factors can be reduced by following some simple suggestions.