How Much Does It Cost To Charge An Electric Car At Home?

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It is not new that conventional vehicle owners have begun to switch to electric vehicles due to high gas prices. And that is why I will like address the common question we get on how much does it cost to charge an electric car at home? Generally, the cost of charging an electric vehicle depends on many variables, but it is much cheaper to power an EV than a gasoline car. 

The cost of charging your electric vehicle in your home is far more when compared to the cost of charging at a power charging station.

It is better to charge your EV at home since you would have the charging cost included in your regular electricity bills. Similarly, you will also have incentives or grants from the government for owning an EV. Invariably, it is wiser to consider your charger type and battery varieties irrespective of the motivation from the government- since charging speed depends on the charger, charge level in your battery, temperature, and working status of your charger. And also, consider the price mechanism of $0.1375 or 13.75 cents per kWh.

Notwithstanding, this post will bring to lamplight solutions as it addresses these typical queries ranging from; is it possible to charge an electric car at home, how much does it cost to charge an electric car generally, cost per hour to charge electric car, how much does it cost to charge an electric car at home, and more.

How Much Does It Cost To Charge An Electric Car At Home?

However, a thorough study of this post would benefit you a lot!

Is It Possible To Charge An Electric Car At Home?

Of course, it is possible since electric cars are undoubtedly the solution to a few gasoline and mobility challenges the world faces today. So, in any case, if you are planning to get an EV in the future, you don’t have to panic about where you would charge it. Like smartphones or laptops, electric cars need charge stored in their battery to run the electric motor acting as the powertrain/engine. Similarly, the crucial requirements to successfully charge your EV at home are to create a parking space and provide outlets and other electrical connections.

How Much Does It Cost To Charge An Electric Car Generally?

Generally, the cost of charging most EV cars would be about $10 to $50 for a full charge. Similarly, the cost of recharging an EV rated at 1,000 miles would be about $34 to $46. Hence, the prices above depend on your vehicle’s model, size, mileage, and charger you use to charge your EV.

Cost Per Hour To Charge Electric Car

The cost to charge an EV in an hour depends on the charger available. Essentially, a Level 1 charger would cost about $0.14 to $1 per hour, and the cost for a Level 2 charger ranges from $1 to $5 per hour. Similarly, a Level 3 charger costs about $10 to $30. Charging an EV battery with a Level 3 (DCFC) will take nearly an hour to have a complete charge.

So far, the average national residential electricity cost for a charge in kWh is approximately $0.14, according to the Energy Information Administration in December 2021. But this rate could vary due to locality.

How Much Does It Cost To Charge An Electric Car At Home?

For you to have a estimate of how much it would cost to charge your EV(electric car), you likely have to take note of the factors below;

  • Local electrical cost per kWh, measured in cents or dollars.
  • Number of miles driven per month, and
  • The efficiency of your electric vehicle in kWh per mile.

Hence, charging an EV is about $10 to $14 for a full charge at home if your vehicle’s range is about 300 miles, as it would require a 75 to 100 kWh. Although, your mileage is per se directly dependent on your battery’s capacity as almost all electric vehicles can travel for 3 to 4 miles per kWh of energy. However, cost-efficiency comes at the price of convenience at home charging, more than commercial charging stations in towns.

Conclusion 

Finally, the cost of charging an EV would vary based on several factors like vehicle type, size, and locality. But generally, the complete charge would cost about $10 to $50. Howbeit, the cost of an EV is far more-cheaper than a conventional vehicle in the long run.

Nevertheless, according to a 2020 Customer Reports Study, electric vehicle drivers save substantial amounts on fuel and maintenance costs. EVs would cost half as much when charging at home as at a commercial station. Always consider your charger as you charge your electric vehicle at home. Do like and share this guide with others!

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