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What is the Cost of Charging an Electric Car?

What is the Cost of Charging an Electric Car?
Posted in Electric Car Guides On By Aaron

As electric vehicles slowly become more popular, the question on everyone's mind is 'what is the cost of charging an electric car?' In this article we will go through the costs and ways to charge your EV

When it comes to driving an electric car, one of the biggest advantages is that you no longer have to pay to fill the tank with petrol or diesel, which can become very expensive, indeed. However, that doesn’t mean that they’re entirely free to use. The electricity that your charge your batteries with does come with a cost. Here, we’re going to look at the average costs you can expect when it comes to charging your electric car.

Charging your car from home

One of the big benefits of an electric car is that you can just as easily charge it from any of the sockets in your home. A typical electric car will come with a 60kWh battery, offering it a 200-mile range when it’s fully charged.

The cost of domestic electricity can differ from home to home and from provider to provider. However, the average electricity rate is around 14p per kWh. A little simple math can see you charging your car battery to full for around £8.40 in total. For a car with a bigger battery, such as a Tesla Model S 100D with its 100 kWh, that cost goes up to £14, which still isn’t very much.

A BMW being charged at home via an electric charger

You also have to consider the costs of the equipment you use to charge the car, as well. You can install your own charge point in the home which offers a much faster charge than the typical domestic 3-pin power outlet. With government grants available, these tend to cost under £300. They’re not an essential expense, but they could offer some convenience.

Charging your car at public charge points

Public charge points could be of great benefit, as well. They’re becoming more and more common throughout the country. The vast majority of these are free, with over 47,000 free public locations that will allow you to charge your car without cost, at all. These public charge points aren’t as quick at getting your battery to full charge as rapid charges are, so it’s unlikely that you will stick around long enough to take full advantage of them. However, for a quick refill to get you on the road, they can be extremely helpful.

A public charge point for electric vehicles

There are around 40,000 paid public charge points and the rates can different majorly on these, so it’s important to know what you’re getting into before you plug in. There are apps that can help you identify charge points near you, and whether they come with a cost, so do your research and find your most convenient spots to get a quick charge.

Charging your car with rapid chargers

At the moment, there are only around 1,500 rapid chargers in the UK, or at least that’s what the last report from May 2018 indicates. There are 20 different companies and organizations working across the country to install and run more rapid charges, so that number may have grown and is very likely to continue growing. As the popularity of electric vehicles rises, we expect rapid chargers to become much easier to find.

As the name suggests, rapid chargers help you top up your battery much more quickly than charging from a standard charge point or from a domestic power outlet. There are some rapid charges that you will be able to find for free, but that’s not often the case.

A Zappi rapid charger that charges your electric vehicle faster than a standard

For instance, the Tesla Supercharger Network is only free to use in the UK if you’re driving a Tesla electric vehicle. For the average cost, take a look at the Pod Point rapid chargers found at UK Tesco stores. It costs around £6.25 to charge enough for a 100-mile drive, meaning that a 60kWh battery with a 200-mile range will cost closer to £12.50 to charge fully. This is slightly more expensive than charging at home but not by all that much.

Is it worth the investment?

From the facts provided above, it should be crystal clear that charging an electric car is incredibly inexpensive compared to relying on other fuel sources. Taking the most recent average price for a litre of petrol, around £1.28, and the average size of a medium car’s fuel tank, around 55 litres, you could be paying just over £70 for a full tank of gas. Compare that to the £8.40 you’re paying for a full charge at home on the average electric car, and the advantage is clear.

Of course, you still have to consider the size of the battery in your electric car, and how much of a range a full charge provides. While you might be charging a little more frequently than you would have to refuel otherwise, the cost difference is still hugely in favour of electric cars.

There are now a number of fully electric vehicles on the market. Please see the list below to visit their pages on our website.

Established in 2009, Stable Vehicle Contracts are a UK based premium vehicle leasing company. We are part of a large, privately owned, Volkswagen and Audi dealership group with over 25 sites. Stable Vehicle Contracts has the ability to offer the very best car and commercial vehicle lease deals and thanks to our partners in the trade, we've become leaders in the supply of cars and commercial vehicles through leasing. Give us a call today on 0151 728 4711 or visit our Special Offers page to see what deals we have on.


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