If you own an electric vehicle (EV), charging it at home is a convenient and cost-effective option. However, many people are concerned about the cost of charging an EV at home and wonder if it’s worth it. In this blog post, we’ll explore the cost of charging an EV at home and help you determine if it’s a good investment.
Cost of Charging
The cost of charging an EV at home varies depending on a number of factors, including the cost of electricity in your area, the size of your battery, and the rate at which you charge your vehicle. On average, the cost of charging an EV at home is about £1.50-£2.00 per kilowatt-hour (kWh). This is much less expensive than the cost of gasoline, which can vary greatly depending on where you live and the price of oil.
The time it takes to charge an EV at home will vary depending on the size of your battery and the charging speed of your charger. On average, it takes about 4-8 hours to fully charge an EV using a Level 2 charger. This is much slower than charging at a public charging station, but it’s also much more convenient and cost-effective.
The cost of charging equipment will also impact the cost of charging an EV at home. A charger can cost anywhere from £400 to £8000, depending on the brand and features. While this may seem like a significant upfront cost, it’s important to consider the long-term savings on fuel and maintenance that come with owning an EV.
One way to reduce the cost of charging an EV at home is to take advantage of off-peak charging. Many electric utilities offer lower rates for electricity during off-peak hours, which can result in significant savings over time. By charging your EV during off-peak hours, you can save money on your electricity bill and reduce your overall cost of charging.
In conclusion, the cost of charging an EV at home is much less expensive than the cost of charging at a public charging station, but there is a significant upfront cost associated with charging equipment. However, with the long-term savings on fuel and maintenance, as well as the convenience and comfort of charging at home, it’s worth exploring the cost of charging an EV at home and determining if it’s the right choice for you.