Views: 0 Author: Site Editor Publish Time: 2023-01-04 Origin: Site
To calculate the amount of money you’ll use on charging stations, you’ll have to consider the type of EV charger they’re using. Charging stations cost more to charge but decrease the time used to charge the cars to a few minutes compared to charging it for days or hours.
On average, it costs between $0.30- $0.60 kWh to charge an electric vehicle. Therefore, this means that a small car could cost about $11.50 to $23 to fully charge while a bigger or long-distance vehicle could cost between $22.50 to $45.
The prices differ because the cost of charging a vehicle varies depending on the company providing the charging services, the EV charging level, type of charger, and charging port location depending on the demand.
Level 3 chargers will cost between $0.40 and $0.60 per kWh, while level 2 chargers cost between $0.20 and $0.25 per kWh.
The cost of charging your vehicle at home (level 1 charger) depends on a couple of variables, such as; if you’re charging at peak hours, your electricity rates, and your type of charger.
However, the average cost is $0.20, but this could vary depending on a lot of things. So pay attention to those variables.
If you prefer charging at home, you could have a level 2 charger installed, which could take between $1700 to $4000 to buy the level 2 charger and have it professionally installed at your home. So when calculating the cost of charging at home, add these expenses to your calculations.
To calculate the cost of charging your electric vehicle, use the formula of ;
Electric Vehicle Battery Size (kWh) x Electricity Rate ($ per kWh) = Charging Cost ($)