This video explores the financial aspects of charging an electric car, comparing the costs to those of traditional gasoline vehicles. It breaks down the various factors that influence charging costs, provides tips for minimizing expenses, and highlights the long-term savings potential of electric vehicle ownership.
There are many benefits to making the switch to an electric car, including how much you might save on fuel. Depending on your driving habits, you may end up saving hundreds of dollars a month. When you switch to an electric car, you'll notice a bump in your monthly electric bill if you're charging at home. However, on average, charging your electric car will cost you less than half as much as fueling a gasoline-powered vehicle. If you charge regularly using public chargers, especially Level 3 or fast chargers, you won't see the same kind of savings. EV efficiency can be measured in a number of different ways. One method is measured in miles per kilowatt hour. The higher the number, the more efficient the vehicle. Many manufacturers and media outlets use MPGE, or miles per gallon equivalent. You may also see ratings for kilowatt hours per 100 miles. Your energy bill is measured in kilowatt hours. Using this information, you can determine how much electricity you'll use to charge your EV. For instance, if you drive 1,500 miles a month and your electric car is rated at 35 kilowatt hours per 100 miles, then you'll use 525 kilowatt hours to charge your vehicle on a monthly basis. Just remember that while your electric bill will go up, you won't be buying gasoline anymore. Electric vehicles are generally less expensive per mile to operate than gas-powered vehicles. Some electric companies even offer advantageous rates to EV owners at certain times of the day. Local and regional incentives for EV drivers could reduce costs even more. Thanks for watching. Be sure to subscribe to our YouTube channel to get recommendations for other useful content on green cars and how they can work best for you.