For New Car Buyers, EVs Might Not Be More Cost Effective Than ICE Models | Carscoops carscoops
and EV owners are starting to feel fairly smug about their engine-less purchase. ICE owners are feeling pain at the pumps, but they might still be saving money over their electric counterparts., the average price for gasoline hit $5.57 per gallon in the second week of March in California. The national average is $4.325 . Meanwhile, the price for electricity has remained largely the same for most states, thanks to heavy regulations.
While it might not cost as much per mile, the fact remains that it’s much quicker to fill gasoline or diesel-powered vehicle than it is to wait for an EV to charge. Fast charging station owners know this and can charge a premium for their services. Depending on the vehicle and station speed, a Level 3 DC fast-charging station can bring the battery of some electric vehicles up to 80% in around 18-40 minutes. For this speed, Electrify America will charge you 43 cents per kilowatt-hour without a membership, and 31 cents per kilowatt-hour with a membership .
However, that is the best-case scenario, and most folks will be stuck with the cheaper and slower option of 240-volt Level 2 charging, which can take eight or more hours to fill a depleted battery. These chargers are usually found at office buildings and at home.
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