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How much does your electric bill go up if you charge an electric car at home?
I want to buy an EV eventually, but as a homeowner, I get hit pretty hard with property taxes and it can be hard to make ends meet sometimes. That’s why I don’t really know how I should prepare to budget for owning an EV. What should I expect to see on my electric bill if I’m charging my EV at home?
Jason Crosby · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
One of the perks of owning an EV is that they use your regular 110-volt wall outlets to charge their batteries. In most normal scenarios, unless you
install an upgraded charging station
at your residence, you shouldn’t expect to see more than an extra $30-60 tacked on to your bill. Compare this to what you spend on gasoline every month. For most people who don’t work from home, an extra $30-60 is probably less than what they spend on gas for their commute to work.
Some people get creative when they’re home
charging their EV
, but sometimes that means they try to upgrade their charging methods the wrong way. One of the most common ways is to attempt using a washer-dryer outlet (which is 240-volts) in order to plug a Level 2 charger in. But this is hazardous—washer-dryer outlets aren’t designed for Level 2 chargers and can cause sparks, or an electrical fire if you’re not careful. If you’re still on the fence about buying an EV, that’s normal. Many of us are—it’s a new technology, and that’s still a little pricier than most other vehicles. But in the long run, you can expect to save quite a bit on maintaining an EV, which is always a plus. You can also save money on insuring your new EV by using the
Jerry
app to hunt down the best deals on car insurance.And if you have a question about your coverage, Jerry’s friendly agents are here to answer your questions and provide advice on the best coverage options. As your life changes, your insurance changes, and Jerry is ready to make those adjustments for you.
MORE: Electric Vehicle Sales Are About To Pass a Remarkable Milestone
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- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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