Close How Much Does It Cost to Charge an Electric Vehicle?
Shoppers need to consider the charging costs when purchasing an electric vehicle (EV) in Sicklerville, Glassboro, and Medford, New Jersey. Let us tell you about the various factors that influence these costs, including potential home upgrades prior to buying your EV. At Turnersville Kia, we guide future owners in understanding how an EV can work for their lifestyle.
Cost of Installing a Charging Station
Although installing a home charging station does come with expenses, many EV owners find it convenient to charge their vehicles at home. Labor, materials, and permits may contribute to an installation that costs around $2,000, but the investment will pay off after you use it often.
During the installation, an electrician typically wires a garage with a 10-foot wiring setup that allows for easy charging from the outlet. While a Level 1 charger typically comes with the car purchase, you may wish to upgrade to a Level 2 charger. The Level 2 device significantly speeds up the charging process and comes with no difference in the cost of charging between the two devices.
Beyond the convenience it offers, a home charging station may increase the value of your property.
What Contributes to Charging Costs
A range of factors may impact EV charging costs, but you can mitigate these expenses. To determine how much you'll need to spend, the time of day, location, and season all play a role in figuring out the total.
Electricity rates typically rise during the daytime when demand is high, but they often decrease during off-peak hours, such as late at night. This makes nighttime the perfect time to charge your car and could save you money. Talk to your electric company about any special overnight rates they may offer.
Two main types of plans through your electric company can be chosen: level-of-use and time-of-use. A level-of-use plan bases rates on your overall electricity consumption, while a time-of-use plan factors in when you typically use electricity throughout the day. Choosing the right plan for your needs can help effectively manage your charging costs.
Costs at Public Charging Stations
Taking advantage of public charging stations may be preferable to drivers who stay on the move. Charging costs at these stations may be based on either the amount of electricity consumed or how much time you spend charging and it may depend on the specific location you visit.
While select manufacturers may offer complimentary charging to vehicle owners, this isn't universal. In fact, some perks may come with time limitations. If you need a quick charge, look for charging facilities near shopping centers where you will find more charging bays. Once more drivers opt for EVs, workplaces may start offering the use of charging stations at their job sites.
Saving Money on Charging
If you set up a home charging station, you could lower the expenses of charging your EV. While you may need to make an initial investment, it could decrease your electric bill. After much usage, you'll benefit from this worthy addition to your home.
Make the most of your savings by scheduling your charging sessions. Avoid peak hours, such as daytime, and charge your car during off-peak periods like nighttime.
Learn More About Electric Vehicles at Turnersville Kia
Consider all the factors, including charging costs, that go into purchasing an electric vehicle at Turnersville Kia. We're here to explore all EV choices for shoppers in Sicklerville, Glassboro, and Medford, NJ, at our dealership. Reach out to us online to get started!