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240-volt outlet, you’ll pay only $0.43 per kWh
If you’ve been wondering how much it costs to charge an electric vehicle (EV), there’s good news. The vast majority of charging is done at home. If your home has a 240-volt outlet, you’ll pay only $0.43 per kWh. This means you’ll be paying less for the electricity used to recharge your EV than it does to refuel with gas. If you’re looking for cheaper ways to recharge, check out the following services.
Check out our Electric Vehicle Charging Locations map.
EV charging costs are cheaper than gas refueling
EV charging costs are cheaper than gas if you drive an electric vehicle. However, the cost of charging an EV can vary widely from one region to the next. Listed below are the average prices in some major U.S. cities. For a more detailed comparison, see the charts below. For each city, a different number indicates how much it costs to add 100 miles to a gas vehicle.
According to CNBC, the average cost of filling an EV in the U.S. is approximately $60 less per month compared to gas. It is also much cheaper to use EVs as there are no oil changes to worry about. Electric vehicles can also take advantage of carpool lanes in some states. According to the EPA, an average gas-powered car in 2020 will return 25.7 miles per gallon, while the average EV will use just 3.9 gallons of gas.
However, the cost of EV charging varies greatly from month to month and week to week. While it is possible to find free public charging, most commercial chargers require a membership fee of $20, which can make EV charging even more expensive. Additionally, fast charging rates can be as high as 43 cents per kilowatt hour. The cost of DC fast charging for a 25-mile EV is approximately $3.62 per mile. Compared to a gas vehicle, an EV can travel up to 240 miles on a single tank.