What’s The Cost Of Owning An Electric Vehicle?
Within your considerations of electric vehicle adoptions, there's a completely fair question to ask: what's it going to cost me? Whether you're curious about the cost of charging an electric car at a public charging station or the costs of EV service vs. gas maintenance, the team at KAR Auto Group is here to help. Our collection of Iowa EV dealerships span a variety of brands, many of which have begun focusing more extensively on electric vehicles and hybrid models. And it makes sense why; with record-breaking gas prices and statistics showing the need for cleaner vehicles on the road, there are plenty of money-saving incentives associated with going green. So, whether you want to learn more about the cost of charging a new Ford Mustang Mach-E or how much you'll save at the pump with a new Chrysler Pacifica Hybrid minivan, our team of EV experts is here to help.
Frequently Asked Questions About the Cost of Electric Vehicles
How much does an electric car cost?
Different brands and trims vary in price, but for the most part new EVs and hybrid vehicles are fairly comparable in price to gas models. And when you factor in how much money you'll save at the gas pump, it's clear that money-saving incentives go far beyond the initial purchase. You can also save even more by browsing our selection of used electric cars and hybrids for sale nearby.
How much does it cost to charge an electric car?
While certain brands may have low-to-no-cost charging plans available, overall the cost of charging an electric vehicle is far less than that of filling up at the gas station. Per the , it costs approximately 10.7 cents per kWH, which breaks down to a cost-per-mile of about .03 cents.
How much does it cost to charge an electric car at home overnight?
Charging an electric car at home requires the installation of a Level 1 home charger. Or, for a faster charge, Level 2 charging equipment can be installed.
How much does it cost to install an electric vehicle charging station?
At-home charger installation costs vary, and must comply with local regulations. Our local EV experts would be happy to help you learn more about your options depending on the model you're eyeing.
Do electric cars make your electric bill go up?
Charging an electric car at home may add a little extra to your monthly utility bill, but it's still cheaper than what you would be paying for gas. Some utility companies even offer discounts for going green.
Does it cost more to maintain a hybrid or electric car?
Not usually! With fewer moving parts and fluids, electric vehicle service costs are generally lower in comparison to gas service prices.