Unraveling the EV Charging Cost Mystery

Recent Posts
California Drivers Express Concern with Lack of EV Charging Stations
ASEAN Sustainable Energy Week 2024
Russia's Increased Investment in Electric Vehicle Charging Infrastructure
The Rise of EV Charging Stations in Nigeria
The Need for Increased EV Charging Infrastructure
Chinese Enterprises Shine at the Smarter E Europe Exhibition

The shift towards electric vehicles is gaining momentum, thanks to dropping prices and enticing perks like tax credits and lower maintenance expenses. But, let’s get straight to the point: what’s the real deal with charging an electric car?

Crunching the Numbers

Investopedia throws a formula at us: Charging Cost = (VR/RPK) x CPK. Break it down, and it’s Vehicle Range (VR) divided by Range Per Kilowatt-hour (RPK), multiplied by Cost Per Kilowatt-hour (CPK). Feeling lost? John Voelcker, a car expert, suggests a simpler approach: think 3 to 4 miles per kWh. Divide your monthly miles by 3, multiply by your kWh cost, and voila – probably less than your gas bill.

Spotlight on Charging Spots

Knowing your kilowatts, it’s time to consider your habits. Charging costs dance to the beat of your driving patterns, the season, charger types, and your usual charging haunt. The US Energy Information Administration lays out electricity prices, showcasing variations by state and sector.

Home Sweet Charging Home

If you’re a homeowner with a charger, life’s easy. Check your utility bill for rates. March 2023 averaged 15.85¢/kWh, creeping to 16.11¢ in April. Idaho paid 10.24¢, Hawaii a steeper 43.18¢. Simple math, no sweat.

On the Road Costs

Charging on the go? Commercial charger rates vary – some free, some hourly or kWh based. Beware of your onboard charger limit, as it affects speed. Pricing methods differ – hourly, flat session fee, or per kWh. Level 2 costs $1 to $5 per hour, with an energy fee of $0.20 to $0.25/kWh.

Fast and Furious Charging

Direct Current Fast Charger (DCFC) is quicker but pricier, ranging from less than $0.10 to over $1/kWh. DCFC isn’t for plug-in hybrids. Level 2 takes hours; DCFC does it under one.

Price Puzzles

Electricity costs, like gas, play hide and seek. Regional and time-based variations exist. North Dakota offers under 10 cents/kWh, while Connecticut spikes over 33 cents/kWh.

Bargain Charging Hours

Off-peak hours may have lower rates. Check the station app for Time of Day pricing, potentially saving a few bucks during evenings, weekends, or overnight charges.

Battery Sense

Unlike ICE vehicles, EVs rarely go from empty to full. Maintain 20-80% charge, utilize regenerative braking, and understand that the last 20% charges slower. You don’t need 100%.

Comparing EV Bills

The US Department of Energy’s Alternative Fuels Data Center and Blink’s search tool help compare EV costs. For a residential Level 2 charger, Blink’s got your back.

Ready to power up? Blink’s HQ150 and HQ200 home EV chargers await, and our sales team can hook you up with commercial Level 2 stations for your community.

Leave a Reply

Your email address will not be published. Required fields are marked *