EV Charging Cost
Did you know many drivers are pleased to discover EV charging is more affordable than they expected?
Driving an EV is less expensive than driving a traditional car. In many cases, workplaces and retailers offer free Level 2 charging to attract EV drivers. But even when drivers pay for electricity, they’ll still end up spending less. Here’s am example that includes the new Jaguar I-PACE.
A driver owns a traditional car that gets 24 mpg. If gas costs $2.32/gallon and the car is driven 15,000 miles per year, then the owner will spend $1,450 on fuel each year.
The driver switches to an I-PACE that gets an estimated 2.83 miles/kWh and electricity costs $0.13/kWh (the national average). The I-PACE is also driven 15,000 miles per year, but now the cost is only $690.
In this scenario, driving an I-PACE saves $760. ($1,450 – $690 = $760)
Charging up, in turn, is less expensive than fueling up.