How Do Electric Vehicles Impact Electric Bills?

electric vehicle home chargingAs electric vehicles (EVs) grow in use, lots of people have questions about the pros and the cons, and what makes them better than the internal combustion engine (ICE) car.

There are a couple of differences between an EV and an ICE, but why should you opt for an EV instead? Is it better generally? Is it cost-efficient? Does it require high maintenance or is it low maintenance? What is the cost of charging the battery? And does it impact the electric bills significantly?

Is an Electric Vehicle High or Low Maintenance?

An electric vehicle does not have much of what makes up an ICE vehicle, this means a significant reduction in maintenance cost.

For example, drivetrains and motors make the need to change oil unnecessary.

There’s also no need to fix things like spark plugs or filter fuel because it doesn’t use fuel, it has longer-lasting brake pads, and there’s no risk of oil leakages.

Maintaining an EV costs $4600 less than what you’d usually spend on ICE maintenance. This means an EV truly is low maintenance.

What does it cost to charge an Electric Vehicle?

You’ll likely spend an average of $50 to $100 charging an electric vehicle per month. You can, like most EV owners, charge your vehicle at home, and if you’re lucky, you could get off-peak electricity time to charge.

There are EV owners, though, who are more interested in the suitability than the cost. These owners can install a level 2 charger (240V) in their garage. A level 2 charger charges an EV completely in just three hours.

But with a level 1 charger, you might have to charge your EV overnight.

Do Electric Vehicles Impact Electric Bills?

When you charge an EV at home as many EV owners do, it increases your electricity bill, but don’t panic, it’s not as significant as you might expect.

The overall electricity bill will vary though depending on what the electricity rate in your region is.

But if you think about the fact that using an EV costs less to manage, and maintain, this should cover up for the increased electricity bill (even though it’s not as high).

An electric vehicle costs less to power compared to the cost of fueling an ICE, and the impact on your electricity bills really is moderate.

Some other significant features to consider about EVs include:

  • There is a low emission of carbon by a percentage of 40 compared to an ICE
  • While internal combustion engine vehicles are loud, electric vehicles are less noisy.
  • Whether the cost of fuel goes up or down, your electricity bills remain as they are, which is comforting.

Different people opt for different vehicles depending on other personal reasons, not general reasons, but if you are considering purchasing a vehicle, and are not sure whether an electric vehicle would be worth it, you may want to try it for a firsthand experience.

Electric vehicles are not just cost-efficient; they are also energy efficient.

Installing a home charger for your EV won’t be a problem because Elcon Electric, a licensed electrical company, will take care of this for you. Call us today.