Calculate your EV charging costs, time estimates, and annual savings compared to gasoline.
Quick Answer:Charging a typical EV at home costs about $0.04 per mile, compared to $0.12+ per mile for gas vehicles. Most drivers save $800-$1,500 per year on fuel costs.
Annual Savings vs Gas
Calculating... per year compared to gasoline
Session Charging Cost
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Charging Time
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Monthly EV Cost
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Cost per Mile
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Take advantage of time-of-use electricity rates to charge your EV during off-peak hours (typically 11 PM to 7 AM) and save an additional 30-50% on charging costs. Many utilities offer special EV charging rates as low as $0.06/kWh. Also consider that charging to 80% rather than 100% extends battery life significantly while only reducing your range by about 20%.
At the national average electricity rate of $0.15/kWh, charging a 60 kWh battery from 20% to 80% costs about $5.40. Monthly costs for an average driver (30 miles/day) range from $25-$45 depending on vehicle efficiency and local electricity rates. This is typically 50-70% less than fueling a comparable gas vehicle.
Charging time varies dramatically by charger type. Level 1 (standard 120V outlet) takes 24-40 hours for a full charge. Level 2 (240V home charger at 7.2kW) takes 5-8 hours. DC Fast Charging (50kW) takes 45-60 minutes to 80%. Tesla Superchargers (150kW+) can reach 80% in 20-30 minutes. Most EV owners charge at home overnight using Level 2.
The average American driver saves $800-$1,500 per year on fuel by switching from a gas car to an EV. At $0.15/kWh and 3.5 miles/kWh efficiency, an EV costs about $0.04 per mile, compared to $0.12-$0.15 per mile for a gas car averaging 30 MPG at $3.50/gallon. Savings increase further with time-of-use electricity rates and home solar.