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Does an electric car raise your electric bill?
I want to get an electric car, but our electricity bill is already higher than I wish it was. Does an electric car raise your electric bill?
Bellina Gaskey · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Considering a new vehicle is a big undertaking, and when you’ve never owned an electric vehicle before, the charging costs can be intimidating.** The short and sweet answer is yes. Anything you plug into an outlet in your house is going to affect your electric bill**; your shiny new car isn’t any different than your shiny toaster.
The question is; how much more does an electric vehicle add to an electric bill?
Without going into the decimal points, we’ve discovered that:
- The average electricity cost is $0.12 per kWh.
- The average person drives 1,000 miles a month.
- The average 24 kWh battery will take you 59-127 miles.
- We used 95 miles for our math.
- That means recharging the battery roughly 11 times.
- To charge a 24kWh battery it costs roughly $3
- 11 recharges at $3 a pop is $33 a month, or $396 a year!
And that’s with our most middle-of-the-road numbers. If we imagine the
mileage
isn’t quite so average, but instead on the lower side of the spectrum, it costs $50 a month, or $600 a year. The average gas vehicle has $1,837 of gas poured into it every year. That’s $1,441 of savings at best, $1,237 at worst!
While having an electric car raises your electric bill, it can also obliterate nearly $2,000 per year from your spending. That’s not the only way to save a bundle! Go over to
Jerry
and take a look at the options you have. The average Jerry user saves $800 per year.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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