Electric Vehicle Recharging Cost
What will I spend to charge the vehicle?
Besides the obvious benefit to the environment, electric vehicles are a great way to save money on fuel costs. But how much money does it cost electric vehicle owners to charge their car? This 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.
Wondering how much you could generally save by choosing an EV? 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.
How much does it cost to charge specific models?
As mentioned before, the exact price for each charge can depend on a variety of factors including what kind of EV you are looking for. A full EV will have a very different annual cost from a hybrid that uses regenerative braking. Additionally, 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. Keep reading for a cost breakdown into some of our EVs available through Berlin City dealerships.
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.
Ford Mustang Mach-E
Ford Mustang Mach-E owners can receive up to 250 kWh of free fast charging through Electrify America.
According to the EPA, it costs roughly $650 dollars per year to charge a Ford Mustang Mach-E.
Toyota Corolla Hybrid
The Toyota Corolla Hybrid does not utilize public charging, it gets its electric power through regenerative braking technology.
According to the EPA, it costs roughly $1,100 dollars per year to charge a Toyota Corolla Hybrid.
EVs can utilize electricity to power some or all of their required power. This is far cheaper than buying gasoline and can save you money in the long run.
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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