Charge Smart: Maximizing Your EV Experience Without Breaking the Bank

September 16, 2024

The Challenges of Charging Electric Vehicles

Many electric vehicle (EV) owners face a common issue: finding sufficient charging time to power their vehicles for long trips. Even with home charging, it can be difficult to ensure you have enough charge to complete your journey without needing to stop midway to plug in. Additionally, system failures and other issues can arise during travel.

Understanding Your Charging Options

Before embarking on your journey, it’s essential to know your options and their costs.

Home Charging vs. Remote Charging: What’s the Difference?

There are two primary differences between home charging and remote charging: cost and charging speed. EV chargers have three main categories: Level 1, Level 2, and Level 3. Each level indicates increasing cost and speed.

Home chargers are typically Level 1 or Level 2. Level 1 takes over a week to charge a modern EV, while Level 2 can recharge a depleted battery overnight. Level 3 is significantly faster, providing an 80% charge in just 20 minutes. These chargers are usually found at public charging stations and along highways.

What is a Charging Network?

A charging network refers to the number of chargers operating under the same banner or brand. Some chargers have independent operators.

For an EV to determine how much charge it can draw and at what speed, it needs to communicate with the charger through a digital handshake. This communication continues throughout the charging process, which can last several hours.

How Much Does Charging an Electric Vehicle Cost?

Charging your EV at home is affordable. According to the US Department of Energy, the average cost of one kilowatt-hour (kWh) of electricity is approximately $0.13-0.15. Thus, charging an 80-kWh battery, like that of the Tesla Model 3, from empty to full would cost around $10.40-$12.

Do Public Charging Stations Charge Money?

Prices vary. Slow, Level 2 chargers are often free at businesses, meaning you can find one and leave your car there for the day (or night) if you don’t mind. Fast, Level 3 charging will cost more, with rates ranging from $0.25 per kWh or more, making that same 80-kWh charge around $20.

Reducing Charging Costs

Some credit cards offer rebates or bonus points for EV charging, similar to those for fuel purchases. Many networks offer subscription plans that reduce the cost per kWh in exchange for a monthly fee.

Other fees apply, such as inactivity fees, which are becoming increasingly common. Networks charge drivers for leaving their cars plugged in for extended periods after charging is complete. Some networks charge $1 per minute if you don’t move your car after charging.

Understanding your EV charging options, costs, and networks can help minimize hassle and expense. Plan ahead, take advantage of affordable options, and keep an eye on your charging time to optimize your EV experience.

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