The Price of Charging an Electric Vehicle
Electric cars, or EVs, are a hot issue right now. Governments throughout the world, including those in the United States, Norway, and China, have implemented measures to accelerate the transition from fossil-fuel-powered vehicles to EVs.
There are clear environmental advantages to driving an electric vehicle. However, for the vast majority of customers, the change is about more than just renewable energy. In general, charging an electric vehicle is less expensive than filling a petrol tank.
The Price of Charging an Electric Vehicle
There is no one-size-fits-all solution to how much it costs to charge an electric automobile. The cost is determined by a number of factors. While prices vary by geography, charger type, and time of day, averages of these variables may be used to derive a general cost. Here's how it's done:
The Price of Electricity
The cost of power itself, which may be significantly higher in some places than in others, is a big variable connected with charging an electric automobile. As a result, EV owners should be aware of the current cost of power in their region.
To figure out how much it will cost, EV owners can pull out their most recent power statement and search for the cost per kilowatt hour, or kWh. This cost might range between $0.09 and $0.35, but the national average is little around $0.14.
Formula for Calculating the Cost of Charging an Electric Vehicle
The cost of charging an electric automobile is calculated as follows:
(CR / RPK) x CPK = Cost to Charge
- CR stands for automobile range.
- RPK stands for range per kWh.
- CPK stands for cost per kWh.
To begin, divide the electric vehicle's range in miles by its range per kWh. Once this value is obtained, EV owners may multiply it by their unique cost per kWh to calculate how much it costs to charge their electric car.
Calculating the Cost of Charging Your Electric Vehicle
Electric cars have varying ranges, which means that some can travel longer on a single charge than others. The cost per kWh might also vary greatly from area to region. These are not, however, the only elements to consider when calculating the cost of charging an electric car.
Another critical element is where and how the EV owner charges their vehicle. Those who charge their vehicles at home will be charged at a different rate than those who use a commercial charger. Cost is also affected by the type of charger used, which means that some people who charge their cars using commercial choices will pay different costs than others.
Charging an Electric Vehicle at Home
It is pretty straightforward to calculate the cost of charging an electric vehicle at home. The steps are as follows:
- Examine your power invoices to find out how much it costs per kWh.
- Determine how many miles your EV gets per kWh. EVs normally obtain three miles per kWh, however this figure might be somewhat higher or much lower depending on the car.
- Determine your electric vehicle's range in miles.
- Enter all of these figures into the formula below.
For example, if an EV driver spends $0.14 per kWh, their car gets three miles per kWh on average, and it has a total range of 360 miles, the formula would be as follows:
Charge Cost = (360 / 3) x $0.14
According to the calculation, charging this particular electric car at home costs $16.80.
Using a Commercial Charger to Charge Your Electric Vehicle
Because charges vary from network to network, determining how much it would cost to charge your automobile utilizing commercial choices is tricky. Prices will vary even more based on whether or not the driver belongs to the network.
The method above, however, remains valid as long as the drivers are aware of their cost per kWh at the specific network they utilize. Assume the network costs $0.21 per kWh in the previous case. The formula would be as follows:
Charge Cost = (360 / 3) x $0.21
In this example, fully charging the EV would cost $25.20.
Is it less Expensive to fill a Gas Tank than to charge an Electric Car?
The national average for a gallon of gasoline at the time of writing was $3.39, and the average fuel tank capacity on a compact car was 12 gallons. When these two figures are added together, the typical compact vehicle costs $40.73 to fuel up. However, this is not the entire tale.
The previous example of home billing also made use of the averages presented throughout this text. However, the vehicle in the example has a range of 360 miles, when the typical compact gas-powered automobile has a range of 403 miles. As a result, the cost comparison is slightly biased. Because 360 is about 89.33% of 403, the cost of filling a petrol tank must be multiplied by this percentage to produce an apples-to-apples comparison. Using this calculation, the typical car with a 360-mile range would cost $36.38 to fill up, which is still somewhat more than the average electric vehicle charge cost.
Last Words
The cost of charging an electric car is less than the cost of filling a petrol tank. Consider trading in your gas guzzler for an EV to save money.
FAQ about EV Charging
- Here are some of the most frequently asked questions concerning EV charging.
- How long do the batteries in electric vehicles last?
- EV batteries should last between 15 and 20 years.
- Do electric vehicles lose power when parked?
- Yes. Electric cars are powered by batteries, which normally lose charge while not in use.
- Is it cheaper to charge an electric vehicle at night?
- The best time to charge an electric car is between 11 p.m. and 1 a.m. and 7 a.m.
#ElectronicVehicle #ChargingStation
SOURCE: yahoo news
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