How Do Electric Vehicles Impact Electric Bills?

Increased Electricity Consumption

The most direct impact of owning an electric vehicle is the increase in electricity consumption. Charging an EV requires a significant amount of energy, which is typically reflected in higher electric bills. The amount of electricity used to charge an EV depends on several factors, including the vehicle's battery size, driving habits, and the type of charger installed.

• Battery Size: Larger batteries require more energy to charge. For example, a typical EV with a 60 kWh battery may consume around 60 kWh of electricity for a full charge, which can significantly impact your monthly electric bill depending on how often you charge the vehicle.
• Driving Habits: The frequency of charging also plays a role. If you drive long distances daily and need to charge your EV frequently, your electricity consumption will be higher compared to someone who drives less.
• Charger Type: The type of EV charger you install can also affect your electric bill. Level 1 chargers, which use a standard 120-volt outlet, are slower and consume less power over time. Level 2 chargers, which require a 240-volt outlet, charge the vehicle faster but may lead to a more noticeable increase in your electric bill.

Peak and Off-Peak Charging

One way to manage the impact of EV charging on your electric bill is to take advantage of peak and off-peak rates. Many utility companies offer time-of-use (TOU) rates, where electricity costs vary depending on the time of day. Charging your EV during off-peak hours, typically late at night or early in the morning, can help reduce your overall electricity costs.

To optimize your charging schedule, it’s a good idea to consult an EVSE installer who can advise you on the best time to charge your vehicle based on your utility’s rate plan. They can also help you with other electrical repair services, like setting up a smart EV charger that automatically charges your vehicle during off-peak hours, maximizing savings.