Recharging Electric Vehicles Is More Affordable Than Most People Think

BY Michael Gauthier | Posted on

Electric vehicles continue to grow in popularity, but they still only represent a small fraction of the overall automotive market.

That’s about to change as a number of automakers are working on new and more affordable electric vehicles. While adoption continues to be an issue, a study from Comparethemarket.com is highlighting one of their lesser known benefits – low recharging costs.

As part of the study, the company determined the average cost of electricity in 36 countries around the globe. Taking the cost per kWh, they then calculated how much it would be to recharge a Tesla Model S with a 100 kWh battery pack.

According to the study, Americans typically pay $0.13 per kWh so this means the Model S can be recharged for $13.00. That’s pretty cheap, but it’s nearly twice as much as it would cost in Chile.

Australia and Canada were tied for second at $11.00, while South Korea wasn’t far behind at $12.00. European counties were significantly more expensive as the cost to recharge in Norway, Switzerland and Luxembourg was $20.00. The UK and Japan were tied at $22.00, while Germany and Denmark were the most expensive at $33.00 and $34.00, respectively.

Also Read: 74% Of American Drivers Say Electric Cars Are The Future

The study focused on recharging at home, but how much you’ll pay depends on a number of factors including when and where you charge. For example, Electrify America charges a flat rate of $1 per session and $0.25 to $0.99 per minute (depending on the charger’s power rate). The company also offers a $4 monthly pass that eliminates the session fee and lowers the charging cost to $0.18 to $0.70 per minute.

H/T to Forbes

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