Mercedes Mullins
Electric vehicles (EVs) are known to be better for the environment than their petrol or diesel-based counterparts. They are also cheaper to run, with the cost of charging an EV depending on the charging method chosen. Home charging is the most cost-effective option, with electricity rates varying across regions. Public charging stations, on the other hand, tend to be more expensive than home charging, but are still more affordable than filling up a petrol or diesel car.
| Characteristics | Values |
|---|---|
| Cost of charging an electric car at home | £13 for a full charge (UK) |
| Cost of charging an electric car at work | Free or paid tariff depending on the organisation |
| Cost of charging an electric car at public charging stations | £26 for a full charge (UK) |
| Cost of rapid charging at public charging stations | £19 for a 30-minute, 90-mile charge (UK) |
| Cost of charging an electric car in the US | $59.05 per month at home, $169 for a DC fast charge at a public charging station |
| Cost of charging an electric car compared to a petrol or diesel car | 3p-4p per mile for an electric car vs 12p-13p per mile for a diesel car and 13p-14p per mile for a petrol car |
| Average savings per year for electric car drivers | £582.65 in the UK |
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What You'll Learn
Home charging is the cheapest option
Electric vehicles (EVs) are not only better for the environment than their petrol or diesel-powered counterparts, but they are also cheaper to run. Home charging is the cheapest option, with electricity rates varying across regions. The average price of electricity in the UK is 34p per kWh, and the average cost of refuelling a petrol or diesel car is 19p per mile. This means that for the average UK mileage of 6,800 miles per year, petrol car owners pay around £888.42 to refill their car, while EV owners pay just £265.82 for the electricity to travel the same distance. That's an average saving of £622.60 per year for EV owners.
In the US, the average household cost of electricity is 17.47 cents per kWh, so charging an EV at home would cost about $59.05 per month. This is significantly cheaper than refuelling a traditional vehicle, which costs around $37.92 to fill up a 12-gallon gas tank.
Home charging is not only cheaper, but it is also more convenient for EV owners. Many electricity suppliers offer discounted rates for overnight charging, allowing EV owners to take advantage of off-peak electricity prices. Additionally, some workplaces offer free or reduced-price charging for employees, providing another cost-effective option for EV drivers.
The cost of charging an EV at home can be calculated by multiplying the pence per kWh rate by the battery size of the car and then dividing it by 100. For example, to calculate the cost of fully charging a 50kWh battery, you would multiply 50 by the pence per kWh rate and then divide that number by 100. This means that charging a 60kWh electric car in the UK costs about £13 for a full charge, giving you about 200 miles of range.
Overall, home charging is the most cost-effective option for EV owners, offering significant savings compared to refuelling a petrol or diesel car.
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Public charging costs vary
The cost of public charging is typically higher than home charging, but it is still more affordable than filling up a petrol or diesel car. Public charging costs can be mitigated by taking advantage of free charging stations, such as those offered by some employers, or by using charging networks' subscription plans, which can reduce charging fees.
In the US, using a DC fast charger at a public charging station can cost around $169 for a full charge, which is significantly more expensive than charging at home. However, this cost can be reduced by using charging networks' membership programs, which offer discounted rates.
Overall, the cost of charging an electric car varies depending on a variety of factors, but public charging costs tend to be higher than home charging costs.
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Charging at work can be free
Electric cars are much better for the planet than petrol or diesel cars, and they are also cheaper to run. The cost of charging an electric car depends on the charging method chosen. Home charging is usually the cheapest option, with costs as low as 3p per mile in the UK, and 12 cents per kWh in the US. However, not everyone has access to off-street parking or can install a home charger. In such cases, charging at work can be a good option.
Many employers provide free charging stations for their employees' electric vehicles (EVs). This can be a great perk for employees, especially those who cannot charge their EVs at home. Free charging at work can help employees save money on their commuting costs and encourage the adoption of electric vehicles, which is beneficial for the environment.
Employers who provide free EV charging at work may need to implement a registration system to keep track of the number and type of vehicles using the charging stations. They may also need to set up accounts with the charging network and provide access cards or key fobs for employees. Some employers may also require employees to sign a waiver of liability or a user agreement, outlining the risks associated with using the workplace charging stations.
While offering free EV charging at work can be beneficial, employers may also choose to implement a fee structure to offset capital and operational costs. Charging a fee may also increase the perception of fairness, as not all employees may require EV charging. However, it is important to keep the fees low enough to not discourage employees from using the charging stations.
Overall, charging an electric car at work can be free, depending on the employer's policy. This can provide employees with a convenient and cost-effective way to charge their EVs while also helping to reduce the environmental impact of commuting.
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Rapid charging is costly but convenient
Electric vehicles (EVs) are known to be better for the planet than petrol or diesel cars, but they are also cheaper to run. The cost of charging an electric car depends on the method chosen. The most expensive option is rapid charging, which costs around 18p per mile in the UK, or 40 cents per kWh in California. However, even this rapid charging option is likely to be more affordable than filling up a petrol or diesel car, which costs on average between 19 and 21p per mile in the UK, or $4.30 per gallon in California.
While rapid charging is costly compared to other methods, it is still convenient and cost-effective compared to petrol or diesel alternatives. The main advantage of rapid charging is that it can charge a battery to 80% in just 20 to 30 minutes, with the final 20% taking longer due to slower charging rates to optimise battery life. This makes rapid charging ideal for long-distance travel when a quick top-up of the battery is required.
There are several ways to reduce the cost of charging an electric car. Home charging is usually the cheapest option, with costs varying depending on the local price of electricity and the battery size of the car. In the UK, the average price of electricity is 34p per kWh, while in California, it is about 18 cents per kWh. Home charging also allows car owners to take advantage of off-peak electricity deals, which can significantly reduce costs.
Another way to save money is to use free public charging stations, which are becoming more widely available. Some automakers, such as Hyundai, Nissan, and Tesla, offer complimentary public charging at certain chargers. Additionally, some electricity suppliers offer discounted rates or subscriptions for public charging, making it more affordable for EV owners.
Overall, while rapid charging may be costly compared to other charging methods, it is still a convenient and cost-effective option for EV owners, especially when compared to the cost of fuelling a petrol or diesel car. With the increasing availability of public charging stations and the development of new standards for EV chargers, charging an electric car is becoming a more predictable and reliable experience for drivers.
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Electric cars rarely need a full charge
There are three main options for electric car charging: at home, at work, or at a public charging station. The cost of charging an electric car varies between these locations. Charging at home costs about £13 for a full charge, while charging at work is often free. The cost of public charging varies depending on the location and speed of the chargers. The average cost is around £26 for a full charge, while rapid charging at motorway service stations typically costs around £19 for a 30-minute, 90-mile charge.
In addition to the location, the cost of charging an electric car also depends on the car's battery size and the electricity rate in your region. To calculate the cost of a full charge, you can multiply the pence per kWh rate by the battery size of your car and then divide it by 100. For example, to work out the cost of fully charging a 50kWh battery, you would multiply 50 by the pence per kWh rate and then divide that number by 100.
Overall, electric cars are a cost-effective choice for drivers. On average, electric car drivers save £582.65 per year on fuel compared to petrol and diesel cars. The electricity required to drive the UK average mileage of 6,800 miles each year costs just £265.82, while petrol and diesel car owners would spend significantly more.
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Frequently asked questions
Charging an electric car at home costs about £13 for a full charge in the UK. The average price of electricity in the UK is 34p per kWh, so the cost of charging an electric car depends on the size of the battery.
The cost of charging an electric car at work varies between organisations. Some employers provide free charging as an incentive, while others set a paid tariff.
The cost of public charging at supermarkets or car parks varies based on the chain, location, and speed of the chargers. The average cost is around £26 for a full charge, while rapid charging at motorway service stations typically costs around £19 for a 30-minute, 90-mile charge.
On average, electric car drivers save £582.65 per year on fuel. In the UK, the electricity required to drive 6,800 miles, the average mileage, costs just £265.82. In comparison, petrol car owners would spend £888.42 to cover the same distance.
On average, EV owners pay just 4p for the electricity to travel one mile, while a new diesel car costs three times that, at 12p per mile, and new petrol car owners can expect to pay 13p per mile.
