Hawaii has the most expensive rates at the moment, with an average of $0.4478, followed by New Hampshire at $0.3092.Ī simple way to calculate the cost of charging an electric vehicle for a specific vehicle is by using this equation:īattery Capacity (kWh) x Electricity Cost (per kWh) = Charging Cost As of the time of this writing, North Dakota has the cheapest residential electricity rates in the country, at $0.0962 per kWh (based on the most recent data from the U.S. That means the cost of charging an electric car will also vary from state to state. Of course, electricity rates can vary wildly from state to state, and even from month to month. Cheapest electric vehicles for sale in America.A gas vehicle traveling the same distance will use about 42 gallons of fuel if it averages 30 mpg. That translates to around 417 kWh of electricity, which at $0.15 per kWh (which is about average for home electricity in the U.S.) would cost about $63. For example, if you drove 15,000 miles in 2022, you traveled roughly 1,250 miles each month. One way to think about charging costs at home is to divide the miles driven by three, as most mainstream electric cars tend to average around three miles per kWh. Kilowatt-hours are the unit of measure for that energy, so a helpful tool for understanding could be to view a kWh as being similar in concept to a gallon of fuel. How much does it cost to charge an electric vehicle?Įlectric vehicles use batteries to store energy instead of a gas tank for fuel. How much your expenses vary from gas vehicle ownership depends on your driving habits and other factors, but we will cover the basics here.

So let's take a look at that math.īefore we begin, do know that some automakers offer free charging, but most drivers have to pay. But there's some pretty easy math that will help you figure it out. So, the logical question is: How much does it cost to charge an electric car? The answer, as is so often the case, is that it depends.

In many cases, charging takes much longer than refueling, but people often overlook the cost. Charging is a significant concern for anyone with an EV because some areas have severely limited public charging locations.

But while there are several quality-of-life improvements that come from making the switch to EVs, there are some downsides. Proponents of electric vehicles are quick to shout their praises.

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