Few people know what a kilowatt-hour costs them, so they don’t realize how cheap EV home charging is versus gasoline. On the road, it's more complicated.
Calculating the cost of charging an electric vehicle, at home and on the road, can be complicated. For the, often overnight, the cost per mile is virtually always cheaper than the cost of gasoline for a similar vehicle. It's tougher for apartment dwellers, who may pay a variety of rates to companies that operate charging stations in shared parking areas.
To look at best and worst cases, we picked 3 EVs that span a range: from small to large, from relatively efficient to huge and power hungry. And we looked at the highest and lowest home-charging rates, which can vary among states by a factor of almost four. Finally, we calculated the cost of DC fast-charging for a road trip.Here's a question to ponder: Do you know what you pay at home for a kilowatt-hour of electricity? Few people can answer that question without doing some research.
Home charging was always much cheaper for 100 miles than paying for gasoline in a comparable vehicle—as little as one-quarter the price.
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