Ever since the year was 2020, electric cars have been a hot topic. They’re hailed as a major step forward in sustainable transportation, and for good reason: they’re more powerful, safer, and more efficient than gasoline-powered vehicles. But it’s not just the cars themselves that have gotten people excited: the infrastructure to support them remains mostly untapped. Transportation systems that don’t require fossil fuels could allow us to divert trillions of dollars away from the oil industry and put it to better use.
In 2021, the world will be moving beyond the petrol-powered car to all-electric vehicles. In fact, by 2036, EVs will be the most popular form of road transportation (followed by both public and commercial transport). The challenge is that EVs require a lot more energy to charge. Fortunately, the cost of charging them has been coming down, with lithium-ion batteries being the most affordable option at the moment. However, the EV revolution isn’t happening as fast as we would like.
New electric cars, particularly new ones with a longer range, are expected to have a much lower initial cost than the current average electric car. With that in mind, Electrek has put together a new price database, which estimates the price of different electric cars if there were no subsidies and the cost of the car’s battery in 2020.
Electric car owners, as well as people like you and me, have a common question. What is the cost of charging an electric vehicle? In this short guide, we’ll go through the cost of EV charging, as well as various options and how to calculate costs.
The Electric Car is one of the most popular electric vehicles in the world, and one of the most significant barriers that potential owners of electric vehicles face is EV charging. such as how charging works, how much does it cost to charge an electric car, and so on.
Charging Stations for Electric Vehicles in the United States Have Changed Over Time
Learning how to analyze the cost of EV charging, on the other hand, can turn the stumbling block into an opportunity. As we all know, charging an electric vehicle is always less expensive than charging a gas-powered vehicle. It’s difficult to wrap one’s head around EV charging because there are so many options. The only decisions a motorist must make when it comes to fueling a gas-powered vehicle are which gas station to visit (based on price and convenience) and the grade of gasoline to consume.
When it comes to buying a gasoline car, we’re not scared to check at mileage estimates. Everything changes when you drive an electric vehicle. However, if one gets their head around the new calculations and learns new fueling habits, Eelectric charging vehicles are quite inexpensive and straightforward.
Calculate the cost of electric charging per charge.
We all know how much gasoline costs per gallon, and you may also know how many miles per gallon your car gets. To figure out how much an electric vehicle owner will spend per charge, you’ll need to know how many kilowatt hours an electric vehicle uses per mile and how much the per hour cost is.
What is Kilowaat Hour, and how does it work?
A watt is a unit of power, while a watt-hour is a measurement of energy consumption. If you leave a 100 watt light bulb on for an hour, you’ve wasted 100 watt-hours. You’ve used 1000 watt-hours, or 1 kilowatt-hour, if you leave the light on for 10 hours.
How Much Does Electricity Cost You?
Most people, on the other hand, most likely pay for electricity based on how many kWh they can spend per month. To figure out how much electricity you use every month, you’ll need to look at your statement and quickly compute the cost per kilowatt.
The national average for electricity is $0.13 per kWh. If you wished to charge your EVs at home, the cost of a single charge is calculated by multiplying the number of kWh used to charge the battery by the cost per kWh. Simply put, if an electric vehicle owner fills its battery with 26 kWh and pays $0.10/kWh for energy, the total cost of charging the battery for the electric vehicle will be $2.60.
What Is the Energy Consumption of an Electric Vehicle?
To figure out how much it costs to charge an electric vehicle in the real world, you must first figure out how efficient the automobile is at consuming electricity. This is measured in kilowatt-hours per 100 kilometers. So, how many kWh does an EV use to travel 100 miles?
Well, this value equals to miles per gallon (or rather gallons per 100 miles). An EV with a 25 kWh/100-mile completion percentage, for example, might go 4 miles on a single kWh. With 50 kWh batteries, that same EV has an effective altitude of 200 miles.
The average American scales down about 40 miles every day, according to data. In theory, most electric cars with a 25 kWh/100 mile efficiency rating may use 10 kWh per day. So, if the owner of that electric vehicle pays $0.10 per kWh for electricity, you’re basically spending almost a $1 per day on your EV car’s gasoline. This figure is in mpg (miles per gallon) (or rather gallons per 100 miles). An EV with a 25 kWh/100-mile completion percentage, for example, might go 4 miles on a single kWh. With 50 kWh batteries, that same EV has an effective altitude of 200 miles.
Fortunately for electric vehicles, the contrary is true: they consume relatively little energy idle but constantly use power on the highways, making city travel more efficient than highway traffic.
EV Vehicles’ Electricity Consumption
The preceding graphs only show EV car power use through 2018, indicating that it is a dominant market with rising electricity consumption in the near future. You can also take a look at the graphic below, which displays the top ten electric vehicles together with their Wh/km energy consumption.
Chargers for electric vehicles come at a variety of prices.
According to the data, about 80% of electric vehicles are charged at home, making it much easier to compute the monthly charging cost without difficulty. Many electric vehicle owners, however, do not have access to home charging, so they charge their vehicles while traveling from one area to another.
Most owners take advantage of free charging stations at shopping centers to power their electric vehicles, but other individuals prefer high-speed charging stations available on highways while on a lengthy journey with family and friends.
In conclusion, the cost of charging an electric car is determined by the location and resources used to charge it, such as home charging, high-power electric stations, and other options. From the cheapest to the most expensive, here are some options for charging electric vehicles.
Home Charging (off-peak vs. on-peak): When it comes to off-peak home charging of electric vehicles, when demand is lower. Because the majority of the charging is done at home at night when rates are low. On the other hand, during peak hours, home charging comes with a set rate for electrical chargers, which may be less expensive than public rates.
Free: Finding free fuel in the United States is quite difficult. Some firms, on the other hand, strive to attract new customers by offering free electric vehicle charging. However, when compared to other EV charging stations, charging rates are frequently slower at Level 1.
Level 2 Public Charging Stations: In addition to providing 240 volts, which is the same as what clothes dryers use, the public charging stations are designed to be used on a “pay-as-you-go” basis for everyday use. You may easily enable charging services for a monthly membership plan at public charging stations.
Public High-Speed Charging Stations: The majority of high-speed electric charging stations are employed when charging time is more important than cost. High-capacity charging stations range from 50 to 250 kilowatt-hours (sometimes even higher). All-electric vehicles, on the other hand, do not accept the full power that high-speed charging points can supply. As a result, most Electric Vehicles pay exorbitant costs for charging their vehicles without taking full advantage of the services.
Cost of Charging vs. Cost of Gas
As a result, determining the actual cost for charging your electric vehicles is dependent on a number of factors. In the actual world, the majority of electric vehicles will be charged at home or at public charging stations. “Fueling the rates of electric vehicles is way too cheap, roughly 60% cheaper than gas-powered vehicles,” according to the Customer Report of 2020.
Gasoline costs, like electricity prices, vary from state to state and country to country. The following are some of the state’s gas prices in April 2021. California charges $3.91 a gallon, while Mississippi charges $2.59. According to this, the US Department of Energy determines what the flat rate of eGallon cost is for each state in the US.
What is an eGallon and how much does it cost in the US?
The eGallon is a unit of measurement for the amount of electricity needed for an electric car to drive the same distance as a gas-powered vehicle.
The lowest EV vehicle charging prices were found in the United States (Oklahoma) at $0.81 per egallon, according to March 2021 data. Hawaii, on the other side, has the most expensive eGallon prices, at $2.65 per eGallon. Electricity charging, on the other hand, is significantly less expensive than fuel in every state in the United States.
Prices of a gallon of gasoline vs. a gallon of electricity
Let us now look at the cost of fueling a vehicle in different states around the United States. Gas-powered card owners in California pay over $1950 per year for gasoline, while the cost of gasoline in Mississippi is $1300 per year. When compared to the cost of electricity vehicles’ fuel, it costs $900 per year in California for the same distance. It cost $490 per year in Mississippi.
Hopefully, this little explanation has helped you better understand why electric vehicle charging is superior to gas-powered vehicle charging in terms of cost and money savings. Please use the comment box to give your thoughts on this guide.
Articles Related to This:
Predicting the future is notoriously hard. The question of how much it costs to charge an electric car in 2021 is a classic example. In this blog post, we’ll assume that by 2031, electric cars will be cheaper than their gas-powered counterparts, and we’ll use some simple math to estimate how much money you need to save to get some enjoyment from owning an electric car.. Read more about how long does it take to charge an electric car and let us know what you think.
Frequently Asked Questions
How much does it cost to re charge an electric vehicle?
This is a difficult question to answer because the cost of re charging an electric vehicle varies depending on the type and size of the battery.
Is charging an electric car cheaper than gas?
Charging an electric car is cheaper than gas, but not by much.
How much a month does it cost to charge an electric car?
It costs about $100 to charge an electric car.
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