DETROIT – With gas prices going through the roof and showing no signs of slowing down, we’re seeing more people debate the switch to an EV or hybrid vehicle. If you’re on the fence about going electric and are wondering, “is it cheaper to charge an EV than filling a car with gas?” you’re not alone.
If you’re sick of feeling pain at the pump, you’ll be happy to know that in almost all scenarios, charging an EV is significantly less expensive than fueling up with gasoline, or worse, diesel.
However, there are several different factors and things you’ll want to know before jumping in head first. The cost of charging an EV varies at home vs. public charging stations, especially if you opt for faster charging. And, just like gas, electricity prices can change with time and location. Here’s an outline of how much it costs to charge an EV and how it compares to filling up with gas.
With an EV, instead of paying per gallon of gasoline, you’ll get charged per kilowatt-hour to charge the battery. And just like gasoline prices differ at each gas station, the price of a kWh is vastly different depending on where you live and, in some states, the time of day and peak hours. This makes it difficult to say how much it costs to charge an EV, but here are some averages.
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