Note: This article is about fully electric vehicles. Not hybrids.
How Much Do EVs Cost?
Electrical vehicles can run from $30,000 on the low end to over $100,000 on the high end, with Tesla being the major seller of EVs, with 1,917,450 vehicles sold since it was first manufactured. Elon Musk who owns Tesla brought in a revenue of $53.8 billion for the year 2021. Aside from Tesler, other manufacturers that make electric vehicles are BMW, Nissan, Chevrolet, Ford, Volkswagen and Kia.
What are the Advantages of Owning an Electric Car?
Of course, the main reason for owning an EV is the savings you get by not having to gas up your car. Additionally, EVs don’t have a composition engine so there are fewer parts to become defective during your ownership. EVs are said to help with the environment and climate as well and they run very quietly.
What are the Disadvantages of Owning an Electric Car?
The initial expense of purchasing an EV is what keeps many away who would otherwise buy one. Then there is the cost of having a 220-240 volt connection installed into your electrical home circuit box, which can run from $600 to $1000.
If you live in an apartment, you may run into an additional issue if the building or development you are in does not have an EV station available, but more and more buildings are having EVs installed, as well as shopping malls, public garages, and of course, many car dealerships.
Do EVs Need Oil Changes?
Conventional cars with gas engines need maintenance. The oil is used to keep the pistons running smoothly in the chamber of the engine. An oil change is usually done every six months or 3,000 miles. Since there is no gas engine that runs the vehicle, no oil change is needed.
How Long Does It Take to Charge an EV?
That depends upon the charger you are using. Currently, there are two types available. A Level-1 charger that connects to any 110-volt outlet. This can take over six hours to fully charge an EV’s battery.
Then there is a Level-2 charger. Charging of this type usually takes about three-four hours to reach full charge.
In the near future, Level-3, called high-speed chargers, will cut this charging time in half or more.
Does Fully Charging Mean It Charges Up to 100%?
No, all EV battery manufacturers agree that these batteries should not be charged to 100% because it will cause degradation of the battery in the long run. Charging to 80% is the recommended charging level and is usually set as the default for most EVs.
You can override this setting if you are planning a long trip but it is not recommended to keep it at the 100% charge level continuously.
So when we say we are fully charging our EV, it means that we have charged up to the 80% mark.
How Many Miles Can I Get on a Full Charge?
Most EVs in the lower cost range get about 230 miles on a full charge. Some of the higher ones, such as the Tesla Model S can get up to 394 miles when the batter is at full capacity. On the other hand, a Kia Niro, a great EV with excellent reviews will get about 253 miles on a full charge. And the 2023 Chevy Silverado will have a 200 kWh battery that can take you a good 400 miles before recharging.
Can I Go on Long Rides With My EV?
Yes, but it is highly suggested that you plan your trip with charging along the way as your main priority. Check the highway’s rest areas to see if they have charging stations along the way, but be aware that if you do have to charge your EV during your trip, you may have to stay a while, possibly a good three to four hours.
Of course, you don’t have to fully charge your car. If you could just add another 100-150 miles, that would cut down the time spent waiting.
Either way, plan ahead so that you can find places to go while the car is charging. Some of these locations may have a restaurant where you have a long dinner or some towns may have charging ports on the street with many stores you can traverse through.
Then there is the hotel. Call ahead to find out if they have EV portals and if not, where is the closest one.
In the near future, more and more charging stations will be added along the highways and private locations such as housing and hotels. As part of his Build Back Better plan, President Biden has allocated $5 billion to increase the US infrastructure with over 500,000 new EV portals, and that doesn’t include the additions by private enterprises.
How Much Does It Cost to Charge an EV from Your House?
Your electric utility can give you the best answer for this, but in general, it can cost between 14 cents to 20 cents per kilowatt hour (kWh).
So for example, if your EV has a 65 kWh battery, to fully charge it would cost 65 * .20, which is $13. That would mean that you would be spending $13 to go about 253 miles. That’s not too shabby!
How Much Does It Cost to Charge an EV Outside of Your House?
The cost to charge your EV depends upon a number of factors, but in general, expect to pay between $20 – $30 for a full charge, which is much better than a conventional gas car expense, since you can add a good 200 – 300 miles back to the battery. Try getting 200 miles for $30 on a conventional car!
If you are going to purchase an EV, plan out your expenses first against what it would cost for a gas car. Then plan out what you plan to do with the car. Will you be using it for local driving or going to work every day or is your main purpose to go on long trips? At this current time, we would recommend that you purchase your EV for local driving or work. Whatever you choose, enjoy your ride!