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How Much Does It Cost To Charge An Electric Car?

The document discusses the costs of charging an electric vehicle (EV) at home. It estimates that for someone who drives 1,000 km per month and pays Rs. 6 per kilowatt-hour, the home charging cost would be around Rs. 2,004 per month. This is significantly less than the estimated Rs. 7,200 cost of refueling a gas-powered car for the same distance. Home charging an EV using a Level 2 charger would cost around Rs. 40,000 for installation but cut charging times. Public charging station costs vary and increase with faster charging levels.

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Aprameya T
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51 views4 pages

How Much Does It Cost To Charge An Electric Car?

The document discusses the costs of charging an electric vehicle (EV) at home. It estimates that for someone who drives 1,000 km per month and pays Rs. 6 per kilowatt-hour, the home charging cost would be around Rs. 2,004 per month. This is significantly less than the estimated Rs. 7,200 cost of refueling a gas-powered car for the same distance. Home charging an EV using a Level 2 charger would cost around Rs. 40,000 for installation but cut charging times. Public charging station costs vary and increase with faster charging levels.

Uploaded by

Aprameya T
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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How Much Does it Cost to Charge an

Electric Car?

● What will I spend to charge the vehicle?


For home charging, find your electric bill, then divide the [number] of kilowatt-hours you
used into the bottom-line total. That’ll give you the price you paid per kWh. If you used
1,400 kilowatt-hours of electricity and your monthly bill is an even Rs.100, you’re paying
exactly 14 paise for each kWh.
● What is the Cost to Charge an EV in kWh?

“A conservative rule of thumb is that an electric car gets 3 to 4 km per kWh,”. So divide
the total miles you drive each month by 3, to get the kWh you would use monthly.
Multiply that number by your cost per kWh to get the amount you pay every month.
Let’s say you drive about 540 km per month. For an EV, you will use 180 kWh in that
timeframe. Using the Indian household average from Jan 2022 of 6 rupee per kWh, it
would cost Rs. 1080/month to charge an EV.
Digestive

Suppose you put 1,000 km on your vehicle each month, for


example, and pay Rs. 6 in your area for each kilowatt-hour of
electricity. In that case, at-home EV charging bill is Rs.2004 per
month (based on the calculation of 3 to 4 driving kilometer
equaling one kilowatt-hour).
How Does the Recharge Cost Compare to a Fuel Fill-Up?

The average price of fuel hovers at Rs.100 per liter as of this. So, filling up a 24-liter fuel tank currently
costs about Rs.2400. Things get a little tricky at this point because, as we all know, cars use vastly
different amounts of fuel.

Let’s say you’re driving an economy car that brings a combined average of 14 km per liter during a mix
of city and highway driving. Using that same 24 liter tank as a reference point, you’ll have 336 km of
driving range for each fill-up. If you’re driving the same 1,000 km per month, you’ll need to refuel at
least three times each month and spend about Rs.7200 (Rs.2400 x 3).

Again, this is only an estimate, since fuel prices and mileage are so variable. But considering few cars
and SUVs come anywhere close to delivering a 14 km combined average, our fairly conservative
number-crunching in this scenario makes it clear that recharging will cost less than keeping a car
refueled. The financial gap narrows with a more fuel-efficient car, but it still remains.
● Costs of Charging an EV at Home
○ Electricity rates are subject to many factors, including the region
where you live, the time of year, and even the time of day when
peak charges apply.
● The Cost of Level 2 and Faster Charging
○ The cost isn’t cheap. About Rs. 40,000 for parts and installation is a
reasonable ballpark figure. Moving up to Level 2 means you’ll more
cut your charge time. And it can potentially add value to your
home.
● Finding the Right Plug to Charge an EV
○ The EV goer charges rates and it varies for Level 2 charging.
● The Faster the Charging, the Higher the Rate
○ Unlike a typical 240-volt Level 2 home charging system, Level 3 chargers
are prohibitively expensive for a private individual to have installed.

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