EV Ownership Costs
The Real Costs of Electric Car Ownership
The average cost of owning an Electric Vehicle can vary depending on the circumstances. For the most part, owning an EV is less expensive than owning a traditional car due to the average cost of gas and routine maintenance cost. The electric cost can depend on where you are charging from and what kind of charger you are using, some fast charging stations may be more expensive and the cost of installing an at-home charging station may be costly depending on the age of your home and the potential incentives available during the purchase of your vehicle.
One of the many benefits of owning an Electric Vehicle is the limited maintenance needed. Electric vehicles have few parts, no engine system, and impressive battery life. Necessary routine maintenance includes tire maintenance like inspections, rotations, alignment, and replacement. So every six months or so, we recommend bringing your EV to one of our Service Centers for a complimentary inspection.
At this point, we’ll also inspect your brake system and pads as well as replace any air filter and refill your windshield wiper fluid. We can also ensure that your EV has the latest software and that all safety systems are properly working.
The cost of recharging your EV can depend on a variety of factors like how much you drive, what kind of EV you own, and how much you pay for residential electricity. Let's say you drive your EV 1,000 miles each month and pay about 10 cents for each kilowatt-hour of electricity, your at-home EV recharging bill will be $25 to $33 per month (based on the calculation of 3-4 driving miles equaling one kilowatt-hour).
Even if you need to double your electric rate to about 20 cents per kilowatt-hour your recharging costs would still only be $50-$66 each month. This monthly estimate pays for itself as quickly as you would need to buy a full tank of gas during the current climate.
Kia EV6 Energy Cost
While many of our brands also offer incentives or limited free charging through specific companies. Some companies will also include at-home charging cables when you buy a new EV model.
Kia EV6 owners can benefit from 1,000 kWh of free charging through Electrify America over a period of three years. This equals roughly 4,000 miles of driving.
According to the EPA, it can cost roughly $550 and $600 per year to charge a Kia EV6.
Electric Vehicle Type
- Fewer parts
- Regenerative braking
- Battery life
- Cost efficiency
EVs have overall lower fueling costs and most have lower maintenance costs because they have more simple components and don’t require fluid changes or tune-ups.
Not only are gasoline costs non-existent and maintenance generally less frequent, but available government tax credits for purchasers can save you even more time and money. Learn more about these available incentives.
It is recommended to check your tire pressure and wear monthly, and schedule maintenance for a tire rotation every 7,500 to 10,000 miles.
EVs may cost more depending on what kind of power source they use. A plug-in hybrid’s cost can depend on your electrical bill and how often you charge it using public charging or at an at-home charging station. A regular hybrid uses regenerative braking which doesn’t cost money but ends up being more expensive as it relies more on gasoline.
Some of our vehicles that use plug-in charging come with complimentary charging through Electrify America. You simply have to sign up on their website and then access limited free charging at your nearest Electrify America location.
Aside from general electricity bill costs, depending on your vehicle, you may need to purchase a charging cord or plan for an at-home charging station. While there are many public charging locations, an at-home station is recommended. Some vehicles come with at-home charging cords or set-ups, make sure you plan ahead when deciding on a model.
Check out fueleconomy.gov for specific vehicle estimates on how much it will cost to fuel a vehicle annually. Additionally, in the United States, the average residential price per kilowatt-hour of electricity is 15.42 cents.
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