EV Charging Cost

July 3rd, 2018 by

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.


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