Is charging an electric car cheaper than petrol?
Compared to filling up with petrol, running an EV is less expensive. However, for regular cars, the running expenses will depend on the vehicle size and driving habits. As a general estimate, the electricity costs for an EV are approximately one-third to one-quarter of the petrol costs for a comparable car. This cost difference may fluctuate with changes in petrol prices and assumes charging at home on a standard residential tariff.
How much electricity does it take to fully charge an electric car?
The amount of energy required to charge an EV from 0% to 100% depends on the battery capacity of the vehicle. For instance, a Tesla Model 3 has a 50 kilowatt-hour (kWh) battery, while most EV models need between 35-60kWh for a complete charge. Based on an electricity rate of $0.25/kWh, a full charge would cost around $12.50. To determine the cost of fully charging your EV, you can multiply your electricity rate by the size of your vehicle's battery.
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