When people are considering the acquisition of electric charging cars, one of the first queries they ask is, “how do you charge electric car at home, and how much does it cost to charge at a station?”
Unluckily, determining the cost to charge an electric car is not as simple as calculating the cost of a gas-powered car, where you just have to look at the gas rates and the amount you have driven.
Gasoline prices are constantly rising and vary depending on the area.
Nevertheless, the EV cost can also vary, especially if you are charging at a public station or at home.
This guide will discuss the cost of charging an EV in detail.
What Is The Cost Of Charging An Electric Car At Home?
You can utilize a wallbox or three-pin electric vehicle plug-in at home to charge your automobile.
The latter comes with no deployment expenses because you will already have sockets in the home.
Nonetheless, a vehicle takes many hours to charge; hence, it is better to do it overnight.
A wallbox charging unit supplies power between 3kW and 22kW. You will need to pay to deploy it.
A 7kW home-charging unit reduces the charge time considerably, with a trivial change in power cost.
A battery electric vehicle will cost approximately $300 annually or $0.78 per day to charge at night.
A plug-in hybrid EV will cost almost $700 annually or $1.92 per day for fuel, including electricity and gasoline charges.
Does It Cost More To Charge An Electric Vehicle At Public Charging Stations in Brampton, Ontario?
How long it takes to recharge your electric automobile will also impact the cost, as faster chargers cost more per kWh.
Most stations deliver the fastest charging speeds, but they are extremely expensive.
For instance, Tesla has more than 30,000 superchargers worldwide, charging your Tesla swifter than a slow home charger.
Nonetheless, you will pay a hefty amount for faster charging. Sadly, some public stations charge more than $0.43 per kWh, which is 3X pricier than you would pay by charging at home.
That higher cost is due to time of day, your location, and faster charging.
How To Decrease The Cost Of Electric Car Charging?
You can decrease the supercharging cost of electric cars by charging them at the correct time.
In many regions, electric utilities provide time-of-use power costs, with lower rates when electricity demand is at its lowest and higher rates when electricity demand is at its peak.
If your utility provides the program, you can schedule your vehicle to charge at night to save a terrific amount in power expenditures.
In a nutshell, the cost of charging an EV at home is far less than charging it at a public station. Therefore, you should install a charger at home and recharge your EV overnight.
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