Thinking about investing in an electric vehicle and curious to know what you might spend? Or perhaps you’ve already made the switch and looking for more information on the effect a home EV charger is having on your finances.
The cost to charge with an EV charger at home will vary depending on the make and model of your EV, how much time you spend driving per day, the capacity of your battery, and the current electric rates in your location. But what does the real EV home charger cost look like?
How Much Will It Cost to Charge My EV?
To calculate how much it will cost to charge your EV with an EV home charger, you need to consider the cost per kilowatt hour (kWh) of electricity. According to recent data, the average cost of electricity in the UK is around 14p per kWh. However, this can vary depending on your location and energy provider.
Assuming an average cost of 14p per kWh, let’s say your EV has a battery capacity of 60 kWh, and you want to fully charge it. This means that it will cost you approximately £8.40 (60 kWh x 14p/kWh) to charge your EV from empty to full.
Generally, you can expect to pay approximately £7 to £15 to fully charge an EV at home, depending on the battery size and electricity rates. This means that the cost per mile can range from 2p to 6p, significantly less than the cost to fuel a traditional gas-powered car.
Using a public charging station can be much more expensive than investing in a high-quality EV home charger. The cost of using a public charger varies depending on location and network, and in some instances, it can cost up to 30p per kWh or more, which can significantly add up if you regularly need to charge your vehicle.
Buying a EV Charger With “Brand Name”
Content introducing Forward EV, brand name not confirmed yet so just highlight it so we know how to change it.
Can this bit of content talk about them, usps, etc. As a intro then can continue the blog
How Will a Home EV Charger Effect My Electricity Bill?
One of the most common questions that people have when considering purchasing a home EV charger is how it will affect their energy bill. The good news is that installing an EV charger at home doesn’t necessarily mean your energy bill will skyrocket.
To understand how a home charger will impact your energy bill, you need to consider the charging process. When you plug in your electric vehicle to charge it, the charger will draw electricity from your home’s electrical system. The amount of electricity used will depend on the size of your EV battery and how much charge it needs.
As previously mentioned, it generally costs around £7 to £15 to fully charge an EV, which is not only significantly cheaper than powering a petrol or diesel car but is also much cheaper than using a public charger.
What are the Benefits of an EV Home Charger?
There are numerous benefits to having an EV home charger installation, some of which include:
Invaluable convenience:
When you invest in an EV charger for home, you no longer have to worry about finding a charging station while out and about. You can simply charge your vehicle from the comfort of your own home, which saves time and is much more convenient than having to find a public charging station.
Cost savings:
Charging your electric vehicle at home is much cheaper than using a public charging station. Not only do many electricity providers offer special rates for EV owners, but you can also take advantage of off-peak rates to further reduce your costs.
Faster charging times:
Having an EV charger at home drastically reduces the amount of time it takes charge your EV. Many EV home chargers offer faster charging times than public chargers, so you can have your vehicle fully charged and ready to go in no time. It can even charge your EV while you sleep!
Increased range:
A home EV charger also allows you to easily top up your vehicle’s battery during the day, which can significantly increase your vehicle’s range. This is especially useful if you have a longer commute, as it ensures that your vehicle will have enough power to get you where you need to go.
Environmentally friendly:
Electric vehicles are already more eco-friendly than their gas-guzzling counterparts, but using a home EV charger takes it a step further. By charging your vehicle using renewable energy sources like solar power, you can reduce your carbon footprint even more to contribute towards a greener future.
Increased home value:
Installing a home EV charger can also increase the value of your property, as more and more home buyers are looking for homes with charging capabilities for their electric vehicles.
In Closing…
Fully embracing electric vehicles not only improves our environment but also our wallets in the long run. While the upfront cost of installing a home charger may seem expensive, the long-term savings and convenience of having a home EV charger make it well worth it.
Additionally, it pays to do your research when looking into transitioning to an EV for your personal needs. You’ll be pleasantly surprised by the options available, and the overall cost savings that come with it.
Looking for some guidance? Get in touch with our expert team today and discover how we can help you revolutionise the way you travel while building a more sustainable future.
