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What are the charging costs associated with electric cars?
I want to buy an electric car, but I’m afraid that even if I’m saving money on gas, I’ll run up my energy bill. What are the charging costs associated with electric cars?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! The cost of charging your
electric car
will depend on how much you drive it and the cost of electricity in your area, but here’s a quick guide on how to figure out an estimate. To calculate how much you could be spending, follow these steps:
- Take a look at your monthly electric bill. There should be a breakdown as to how much money you’re paying per kilowatt.
- Find out how many kilowatt hours(kWh) your car uses per 100 miles.
- Keep track of your mileage for one month and multiply your kWh per mile by the cost you’re paying per kilowatt on your electric bill.
The average electric car uses 34 kWh per 100 miles. If you were to drive 1,000 miles in a month while paying the U.S. consumer average kilowatt rate of 13 cents per kilowatt, you’d be paying $44.20 a month in electricity to charge your car.
This estimate only works of course if you only charge your car at home. If you regularly pay to charge your car at a public charging station, you will need to factor in that cost as well.
Once you download Jerry, answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan. Jerry customers save an average of over $800 a year.
View full answer
- 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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