All the Costs Involved in Owning an Electric Car

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From how much you need to drive one home to how much it will require to keep on the road, here’s everything you need to know about what it will cost you to own and drive an EV.

. This can cost as little as a few hundred dollars, but can also cost quite a bit more than that for the most elaborate and robust systems with accompanying EV charging equipment. The cost to charge an electric car at home is likely less than you think.uses an example of charging an electric vehicle with a 66 kilowatt hour battery from empty. It assumes that electricity costs $0.13 per kilowatt-hour, so the cost to charge a vehicle with a 200-mile range would be around $9.

Even doubling the cost of electricity would still mean the price of charging an EV is less than a fuel fill up. Like the recharge costs that come along with owning an EV, gasoline costs fluctuate from time to time.The dollar amount of gas costs will likely remain much higher than electricity over time. Everyone from the U.S.

On the flip side, some electric vehicle owners report burning through tires at an increased rate, due to the instant torque and exhilarating acceleration that an electric car offers.Depreciation and longevity should also be on the minds of electric car owners. Electric vehicles tend to cost more than their gas-powered counterparts, but over time they have shown a tendency to lose value more quickly.

 

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