EV Magazine May 2023 | Page 10

WHAT ’ S THE CHEAPEST WAY TO

CHARGE ?

The debate at the moment is often driven by cost . Yes , consumers want to be more sustainable , and they are slowly but surely becoming more receptive to the idea that EVs are the future . But , the cost of charging can seem like a complex topic for new EV drivers , so we thought we ’ d give you a better idea of how much it can cost to charge an electric car .

First of all , there ’ s the application . Whether you ’ re charging at home , work or a service station , energy will be available . But the question is : “ How much will it cost ?”
Home charging solutions come in various different forms , shapes and sizes , but according to the RAC , one of the UK ’ s leading providers of breakdown cover and roadside assistance , the typical cost of installing a home charging socket is around £ 800 . This price is similar across the US , ranging from US $ 300 to US $ 1,000 .
As for public charging , there are various options readily available depending on the means of payment .
According to the RAC , to charge a car at home in the UK can cost as little as £ 6 ( approximately US $ 7.10 ), which , when compared to an ICE vehicle , must consider the number of miles generated during the charging period and the frequency that an EV is used . Thanks to smart charging capabilities , homeowners are able to sit back while their charging infrastructure monitors and optimises the charging performance and cost based on the frequency of use .
When it comes to charging with a public rapid or fast-charger , it can cost around £ 7 –£ 10 ( US $ 8 – US $ 12 ) to charge to 80 % of an electric car ' s capacity . However , drivers must note the variables in speed and cost as the battery capacity and charging time may dictate the overall cost .
10 [ May 2023 ] EVMAGAZINE . COM