One of the most often asked questions regarding electric automobiles is “Will an electric vehicle increase your electric bill?” Yes, an electric vehicle will increase your power cost, but not significantly.
Charging an electric vehicle at home will, on average, increase your monthly electric bill by $25 to $55. That may appear to be a great deal, but it is actually fairly modest. According to the United States Department of Energy, the average cost per kilowatt-hour in the country is $0.13. Fully charging an electric vehicle with a 200 kWh battery will cost approximately $9.
The good news is that the efficiency of electric vehicles increases each year. As battery technology advances, it is likely that the cost to charge your vehicle will decrease. With the proliferation of charging stations across the country, you can frequently charge your vehicle for free or at a reduced fee.
Electric vehicles may increase your electric bill slightly, but they may save you money in the long run. You will not only be saving the environment, but you will never have to stop at a gas station again!