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How much does it cost to charge an electric car? [2023 update]
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Last updated on May 12, 2023
In order to provide you with a rough estimate of the costs associated with charging an electric vehicle (EV), we analyzed global electricity rates and public charging fees. Using these figures, we calculated how much it would cost to fully charge an average-sized EV battery with a capacity of 68 kWh—whether done at home, at a public charging station, or via a fast-charging option.
### How Much Does It Cost to Charge an Electric Vehicle?
To help you understand the financial aspects of owning an EV, let’s break down the costs associated with different types of charging methods. While the price of electricity varies significantly depending on your location, we’ve compiled some general estimates based on global averages.
Below is a detailed table summarizing the approximate costs for each type of charging method. Please note that these figures are subject to change based on regional pricing differences and individual circumstances.
| **Type of EV Charging** | **Cost per Full Charge (Approximate)** |
|--------------------------------|------------------------------------------|
| Home Charging (Standard Outlet) | $10 - $15 |
| Public Charging (Level 2 Station) | $15 - $25 |
| Fast Charging (DC Fast Charger) | $25 - $40 |
As shown above, the cost of charging an EV depends heavily on where and how you charge your vehicle. For instance, charging at home is typically the most affordable option due to lower electricity rates, while fast chargers tend to be pricier but offer quicker refueling times.
Keep in mind that many factors influence these costs, including local utility charges, membership fees for certain charging networks, and potential incentives offered by governments or utilities for EV owners. Additionally, advancements in technology may further reduce charging costs over time.
If you're considering purchasing an EV, understanding these variables can help you better plan your budget and make informed decisions about your energy usage.
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