Insights > How much does it really cost to charge an electric vehicle? Show How much does it really cost to charge an electric vehicle?09/20/2022 Finding the answer just takes a little math. Finding the answer just takes a little math. With automobile manufacturers introducing new options for electric vehicles, including Ford Motor Company’s 2021 announcement of its all-electric F-150 Lightning truck, many consumers are giving them another look. As you make decisions about your next family vehicle, it can be difficult to know the true costs of charging an electric car versus filling up a traditional tank. Finding the answer takes a little math. Adding up the electricity Most electric vehicles get 3-4 miles per kWh, and an average round-trip commute for our region is about 14 miles per day. So, a sample, conservative cost estimate would look like this: 14 miles / 3 miles per kWh = 4.67 kWh. Paying at the pump As of this writing, the average price of a gallon of gas in the Gulf South is $2.79. If you were to fill up the roughly 15-gallon tank of the popular Toyota Camry at this price, it would cost nearly $42. (The Camry is an economical choice, as it gets good gas mileage – a combined average of 33 miles per gallon during a mix of city and highway driving.) In this scenario, your 15-gallon tank would take your Camry almost 500 miles for that $42 investment in gasoline. An electric vehicle will take you 500 miles for less than $17. (You’ll likely need to charge it twice for that range.) Using our original example of average regional commute distance, driving a Toyota Camry 14 miles would cost you $1.16, more than double the cost of the same trip in an EV ($0.47). If you fill up your tank or charge your electric car once every week or two, you can see how the savings begin to add up. The charge for a charge If you install a Level 2 charger at your house, you’ll spend between $500 and $2,000 on the charger, related equipment and installation. These costs will be largely dependent on the charger you select and where you choose to install it. Many electric utilities also offer rebates or incentives for the purchase of electric vehicle chargers. Entergy offers most customers $250 incentive on qualifying Level 2 charger purchases. (Unfortunately, this program is currently not available in Arkansas.) Charging on the go Switch and save Nicole Bradshaw Manager of Digital and Social Media How much electricity does it take to charge an electric vehicle?Drivers in California may expect to pay 30 cents per kWh to charge on Level 2, and 40 cents per kWh for DC fast charging. At these rates, the same Nissan LEAF with a 150-mile range and 40-kWh battery would cost about $12.00 to fully charge (from empty to full) using Level 2, and $16.00 with DC fast charging.
Can the US power grid handle electric cars?Yes. The grid is well-equipped to supply energy to EVs at current adoption levels. Over 2.7 million plug-in hybrid and full battery-electric cars and light trucks were sold in the United States by the end of 2021, with the majority of those still on the road.
How much does it cost to charge an electric car at Walmart?To use the Electrify America chargers, plug in and follow instructions on touchscreen to begin charging session by inserting credit or debit card. Pricing ranges from 25 cents to 99 cents, depending on the vehicle's power level, with a $1 session fee.
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