EV Charger Installation Costs

How Much Does an EV Charger Cost?

So you’re thinking about getting an electric vehicle (EV), but you’re wondering about one of the most important aspects of owning an EV: the cost of charging it. In this article, we’re going to take a look at how much it costs to install and use an EV charger.

Installing an EV Charger

First of all, let’s talk about the cost of installing an EV charger. This can vary quite a bit depending on the type of charger you’re looking to install, as well as the location of the charger. A Level 2 charger, which is the most common type of charger, can cost anywhere from $500 to $1,500 to install. This cost can be reduced if you’re installing the charger in an existing location, such as a garage or parking lot, as the installation will be less complicated.

On the other hand, a Level 3 charger, also known as a DC fast charger, can cost significantly more to install. These chargers can cost anywhere from $10,000 to $50,000 to install, depending on the location and the specific charger you’re looking to install. These chargers are typically installed in public areas, such as highway rest stops, and they offer much faster charging times than Level 2 chargers.

Incentives 

It’s worth noting that there are a number of incentives available that can help offset the cost of installing an EV charger. For example, many states offer tax credits or rebates for the installation of EV chargers. Additionally, the federal government offers a tax credit for the installation of EV chargers, which can be worth up to 30% of the cost of the charger.

Once you’ve installed an EV charger, the next question is how much it costs to use it. This can also vary quite a bit depending on a number of factors, such as the location of the charger and the cost of electricity in your area.

Level 2 Chargers

For a Level 2 charger, the cost of electricity can be anywhere from $0.10 to $0.30 per kilowatt-hour (kWh). This means that if you’re charging a vehicle with a 60 kWh battery, the cost of charging that vehicle would be between $6 and $18. This can vary depending on the cost of electricity in your area, as well as the time of day that you’re charging your vehicle.

Level 3 Chargers

For a Level 3 charger, the cost of electricity can be significantly higher, as these chargers use more power. The cost of electricity can be anywhere from $0.20 to $0.50 per kWh, meaning that the cost of charging a vehicle with a 60 kWh battery could be between $12 and $30.

It’s worth noting that some EV chargers, particularly those that are located in public areas, may have a fee to use them. This fee can vary depending on the location and the specific charger, but it can be anywhere from $0.50 to $5 per hour.

Cost

So, how much does an EV charger cost? It really depends on a number of factors, such as the type of charger you’re looking to install, the location of the charger, and the cost of electricity in your area. However, with the help of incentives and the availability of public charging stations, the cost of owning an EV charger can be significantly reduced. And when you consider the environmental benefits and the cost savings of driving an EV, it’s definitely worth considering investing in an EV charger for your home or business.