![]() ![]() If you don’t have a garage, don’t worry: Nearly all chargers are weatherproof and waterproof and are designed to safely be installed outdoors. Installing a charger in an older home that needs a wiring upgrade could cost thousands. Of course, costs will vary depending on your specific setup. Expect to pay about $500 to $1,200 for the work, plus $500 to $700 for the wall-mounted charging unit. ![]() You can also hardwire a charger, which may allow for quicker charging. An installation entails putting a special 240-volt receptacle, like the ones used for a clothes dryer, in your garage or near your driveway. You’ll need a professional electrician to install a Level 2 charger. Unless you are pushing the range limit on a daily basis, you won’t have to fill up your EV from empty all the way to full very often. ![]() These are available online through Amazon, Costco, Home Depot, Lowe’s, and Sam’s Club, among others, and we’ve tested the most popular models. That usually means you’ll need ready access to a 240-volt EV charger. You can also calculate how much you’ll save if your home has solar power.ĬR survey data shows that the majority of EV charging is done at home. Check out any local incentives that might make it cheaper to charge an EV at home overnight. Our analysis shows that luxury vehicles and trucks tend to have a quicker payoff than smaller EVs.įiguring out an EV’s energy costs is a lot more complex than doing the same for a gas-powered car, but the Department of Energy’s Alternative Fuels Data Center has an easy-to-use calculator at /calc. However, depending on where you live, how much you pay for electricity, and what kind of vehicle you’re shopping for, it may take many years-if ever-for those savings to make up the difference between the purchase price of an EV and a similar hybrid vehicle. The cost of the electricity to charge an EV is almost always hundreds of dollars less per year than the fuel expense for a similar gas-powered vehicle. An analysis of EVs by CR found that EVs generally cost less to own over a typical ownership period than their equivalent gasoline-powered counterparts-although a less-reliable EV may end up needing pricey repairs, so be sure to choose a vehicle that scores highly on CR’s reliability ratings. This guide is a basic primer that can help determine whether going electric is right for you.ĭownload our Electric Vehicle Checklist (PDF) to help with the decision.īattery electric vehicles have fewer components than a plug-in hybrid or an internal combustion engine vehicle, so they often have lower maintenance costs because they don’t require fluid changes or tuneups. So, we rounded up our resident EV experts to provide answers. A clear takeaway from that research is that many consumers have questions about EV ownership. adults say that it costs less to charge an EV than to refuel a gas car (33 percent), overall lifetime costs are lower (31 percent), and maintenance costs are lower (28 percent).īut there remain barriers for many consumers, according to the survey, including where to charge an EV, how far a charge will take the car, and the overall cost of ownership. Among their reasons: More than 3 in 10 U.S. More than a third of Americans would “definitely” or “seriously” consider buying or leasing an electric-only vehicle if they were to buy a vehicle today, according to Consumer Reports’ largest-ever nationally representative survey of 8,027 U.S. The appeal is clear, with reduced energy costs, lower emissions, convenient home charging, and the promise of reduced maintenance costs. ![]()
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