The Cost of Charging an EV Explained

(Investor Brand Network via Comtex)

Zero-emission electric vehicles are becoming more popular among consumers. Last year, electric vehicle ("EV") sales increased by 39% to 3.1 million units. And despite a major push for electric vehicle public charging infrastructure, most EV owners in the United States (around 80%) do the majority of their charging at home. Since most of these vehicles will be charged at home, calculating how much more you would spend on electricity once you plug your electric car in is crucial.

On average, an electric vehicle will add around $30 to $60 to your home utility bill per month. This will, of course, vary depending on where you live as well as the EV model you opt for. But generally, you will spend less charging your EV than you would on fuel, even though most EVs on the market are typically more expensive than…

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