Just like anything electric, the answer always varies depending on the make. Different phone batteries have different lifespans, as do laptops. And itâ€™s no different with cars. How much it costs to charge an electric car depends on the manufacturer and model. Not all cars are designed to make long journeys, therefore they wonâ€™t need to be charged as long, meaning the cost will be lower. Although those that require more power will cost more to charge, itâ€™s still more likely to cost you less in total than that of a petrol or diesel.
Just like petrol and diesel cars, the cost of charging an EV varies more depending where youâ€™re charging your car. There are many different types of charging stations, and they are all designed for different types of situations.
Public charge stations are usually on-street charging facilities located at shopping centres, car parking areas and other public buildings, some lampposts are also fitted with a charging port for those parked on the side of the road. The cost of charging at a public station depends on the network and locations, with some areas offering pay per session, and others offering a network subscription.
The cost of charging at a public station also depends on the power rating. These can be slow, fast or rapid. Slow charging tends to take place when using a lamppost charging station, whilst rapid charging is more common in Motorway service stations, this tends to be the more expensive charging station, costing on average Â£6 for 30 minutes.
There are two possible ways to charge an EV at home. Like most other electronic devices, a three pin plug may be used. However this is often time consuming and is best done overnight. On average, youâ€™ll be paying about Â£4-5 if charging overnight. Charging during the day, however, may rise to Â£6-7, depending on the car and battery.
The other option is a wallbox, this home charging unit can be installed when you get yourself an EV. With the OLEV grant scheme provided by the government, the up front cost can reduce from about Â£1000 to about Â£350. Once installed, you only pay for the electric that you use for the car, which is about the same as if you were using a three pin plug, however itâ€™s faster and more convenient.
An electric car charging card is a membership provided by some of the main public charging networks, they also may provide smartphone apps or RFID (Radio frequency identification).
Itâ€™s good news for EV drivers, as a study from Cap HPI has concluded that the average cost of running an EV for 3 years and 60,000 miles is 23% less than that of a petrol vehicle. Along with the overall cost of EVâ€™s continuously declining, itâ€™s likely that the roads will be electric faster than we thought.
For now, insuring an electric or hybrid car is more expensive than a petrol or diesel, although like the price of an EV, this is changing. Electric cars are generally more expensive due to the cost of repairing their batteries. Another reason is only a fraction of engineers are qualified to work on electric cars, and with electric cars getting evermore popular, the demand is increasing. According to Premium Drivers Report, the average annual car insurance premium is Â£755.
As weâ€™ve established, the cost of running an electric car is generally less than a petrol car based on fuel consumption. This table from JCT 600 shows the comparison between electric, diesel and petrol:
|e-Golf||Golf 1.5 TSI||Golf 2.0 TDI|
|0-60mph||9.6 seconds||9.1 seconds||8.7 seconds|
When taking everything into consideration, from charging cost to insurance cost, we believe that the increased demand for EVâ€™s is only going to get higher, as the overall cost of electric cars declines, itâ€™s very likely that weâ€™ll all be driving them soon, will you?
If youâ€™re interested in getting your hands on a brand new electric car, why not have a look at our latest EV lease deals and see if anything catches your eye.