In recent years, Electric Vehicles have been a hot topic for discussion among people in the world.
These vehicles are gaining popularity because of their environmental safety and fuel-cutting concept.
However, the cost of charging an electric vehicle is a curious question among car lovers and which car has the longest range.
Many of you might be interested to unlock the entire information relevant to it.
Here, we will delve into the cost applicable to electric vehicle charging. So, keep your reading aligned with words.
How much is the cost of charging an electric vehicle?
The average charging cost is between $10 and $30 for a commercial charger.
The charging cost is higher at commercial charging points as compared to home.
The fuel cost in EVs depends on many factors which are as follows:
Charger and battery varieties:
The charging speed depends upon the charging level in the battery and the working status of the charger. It defines the time invested in charging the battery.
The commercial charger rates are higher than residential rates.
These chargers can even vary more than 50% within the same network.
Different commercial chargers have different pricing systems.
It involves some combination of per unit time, per kWh, and per session cost. It produces the charging cost that varies when calculated on a per kWh basis.
The charging cost depends upon the type of charger you use. There are three different tiers of chargers.
Level 1: The slowest type of charger is Level 1 which takes a full 24 hours to charge fully.
Level 2: It delivers a charge of up to 28 miles per hour. Its cost ranges from $1 to $5 per hour. The cost per kilowatt hour is $0.20 (Approx).
Level 3: This level 3 charger is known as a direct current fast charger (DCFC). The cost is from $10 to $30 per charge, and the cost per kilowatt hour is $0.30 to $0.48 approx.
From this, you can analyze how much does it cost to charge an electric car.
Where to charge an Electric car?
With the increasing demand for EVs, the installation of electric public stations is taking place rapidly.
You might need to download a mobile app or bring a charging cable to charge at a public station.
On the other hand, you can plug in the cable and recharge your vehicle.
Charging at home:
Users have two options here. Type 1 AC charger connected to a standard AC socket. Or you can get the manufacturer to install a wall box.
Type 2 charger is for the fast charging convenience. In this way, you can effortlessly charge your electric vehicle at a residential place.
Charging at the workplace:
Charging your EV at the workplace is identical to charging at home.
It usually has standard type 2 sockets in which you need to connect your charging cable to an electric car.
Some companies provide an option to their workers to charge their electric cars. In this case, you can initiate the process either by using a smartphone app or swiping the card.
Different types of charges available for Electric cars:
The type of charger also plays a role in determining the cost of charging an electric vehicle. Every EV has different charger compatibility.
Fast Electric car charge:
Any fast charger will operate on AC.
The charging speed will be directly related to capacity and vehicle model.
Any 7 kW fast charger will efficiently recharge a 40 KWEV battery from 0 to 100% in 6 hours.
The same charge can be done in just 1 to 2 hours by a 22 kW fast charger.
Rapid Electric car chargers:
The rapid electric car charger uses high-power AC or DC.
It could charge the battery from 0 to 80% in 20 minutes.
This type of charger will only work with those EVs that support rapid charging technology.
Regular electric car chargers:
These are the common choices for Electric car home charging.
These chargers are slow as compared to fast chargers or rapid chargers. It typically requires a full night to charge the vehicle.
A regular electric car charger will charge the car from 8 hours to 12 hours at a charging rate from 3 kW to 6 kW.
Users will have the flexibility to select portable or hardwired regular EV chargers.
The formula for the Cost of Charging an Electric Car:
The formula for determining the cost is as follows.
Charging cost = (VR/RPK) x CPK
Here, VR is vehicle range, the range per kWh (RPK) (estimated at 4 to 5 miles), and the cost per kWh (CPK).
Let’s understand it through an example. If you drive 1200 miles per month then divide it by a range of 3 miles per kWg.
The result will be 400. Now next you need to multiply it by cost per kWh.
If you use a level 2 charger then the cost will be $0.25 per kWh.
This will cost around $100 per month. This formula is useful to analyze how much does it cost to recharge an electric vehicle.
The cost of charging an electric vehicle can vary on the road trip.
However, the general cost is $10 and $30 per charge.
It is possible to cut down the cost at some level by using mobile applications. Moreover, EV drivers can save on charging when the process is done at home.
How often do we need to charge electric cars?
The need to charge the electric vehicle depends on driving habits and battery capacity. The charging of vehicles between two to three days is sufficient as usual.
How safe is it to charge electric cars at home?
It is safe to charge the electric car at home. However, you need to follow the safety guidelines to avoid any misshaping. For installing, it is crucial to consult a qualified and experienced person.
How long does a battery last?
Due to lithium-ion, batteries get degraded with time. Usually, the EV batteries come with a warranty of 8 years or 1.6 lakh km.