Last updated on May 19, 2023
The cost to charge an electric vehicle (EV) can vary depending on several factors, such as your location, the type of charging station you use, electricity rates, and even the time of day you charge. These variables can significantly impact how much you pay for each charge.
Still, in 2023, charging an EV is almost always more affordable than filling up a gas-powered car.
Gas vs Electric Cars
Region |
Average yearly spending on:Â | |
Gasoline | EV charging | |
US | $1,500 | $600 |
Europe | $2,200 | $900 |
Canada | $1,800 | $750 |
As you can see from the data above, the savings add up over time. Plus, with the increasing availability of home charging and public stations, it's becoming even easier to keep your EV powered without breaking the bank. Whether you're driving a compact car or a larger SUV, switching to electric can be a smart financial choice in the long run.
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