A study has found that only using public EV chargers, and not charging at home, is still cheaper than buying gas for a regular car.
CNET conducted a survey looking at how much people spend on gasoline, versus the cost of charging an EV via a public charger.
While charging at home can be quite cheap, it’s always been hit or miss when it comes to public chargers.
But, CNET found some interesting results in its study. They showed a fascinating price difference between paying for gas versus paying for a recharged electric car.
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How much does charging an EV at home cost?
To work out the cost, CNET used government data sources and AAA fuel prices to map out the monthly charging and fueling costs.
The data that they collected made for some interesting reading.
According to their results, the average MPG in America is 25. An EV requires, on average, three miles per kWh.
Charging an EV at home costs $0.17 per kWh versus $3.16 per gallon.
That means that home charging can cost $70.72 a month for an EV versus the $158 total for an ICE car.
Yet it is the public charging cost that is the most interesting.
While the price does go up, it still ends up being cheaper than refueling a car.
How much do public EV chargers cost?
Pricing is up to the owners of the charging stations, as many are independently owned.
CNET took data from Tesla, which charges on average 50 cents per minute versus 17 cents at home.
Of the charging available, DC charging is faster and, on average, costs $10-$30 per session.
AC public charging can be much cheaper, costing possibly just a couple of dollars, according to the study.
Even if you’re factoring in the increase in public charging, an electric car will still cost less to ‘refuel’ than a regular car.
CNET also worked out that on average, it could cost $1,896 per year to refuel an ICE car.
But for an EV, that average could come down by $1,047.36 to $848.64 a year.
That is a massive saving and one of the biggest benefits that awaits owners of electric vehicles.
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