How Much Does It Cost to Charge an EV?
As the world becomes more conscious of the impact of carbon emissions on the environment, Electric Vehicles (or EVs) have become increasingly popular. Public administrators and policymakers all over the world have formulated policies aimed at accelerating the transition from fossil-fuel-reliant vehicles to more eco-friendly electric vehicles. For most drivers, however, purchasing an EV is not just about the transition to cleaner energy but also about economics. It is more affordable to power an EV than an internal combustion engine (ICE). With the rising costs of fuel and the availability of government incentives, electric cars have become more economical and convenient than ever before. But what is the actual cost of charging an electric vehicle? Well, the answer isn’t as clear-cut as one would expect. What Determines the Cost of Charging an Electric Vehicle? There is no simple one-size-fits-all answer when it comes to how much charging an EV costs. A whole host of factors can affect the cost, like your vehicle’s model, type of charger, electricity rates in your state, energy provider, weather conditions and time of the day. Let’s take a brief look at each of these variables. Electricity Rates and Providers In the US, utilities tend to…
