EV Car Running Cost Formula:
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The EV Car Running Cost Calculator estimates the annual electricity cost of operating an electric vehicle based on miles driven, energy efficiency, and electricity rates.
The calculator uses the following equation:
Where:
Explanation: The equation calculates total energy consumption (kWh) by dividing miles by efficiency, then multiplies by electricity rate to get total cost.
Details: Understanding EV operating costs helps compare with gasoline vehicles, budget for transportation expenses, and evaluate potential savings from solar charging.
Tips: Enter your typical annual mileage, your vehicle's efficiency rating (usually 3-4 miles/kWh), and your local electricity rate (check your utility bill).
Q1: How accurate is this calculation?
A: It provides a good estimate, but actual costs may vary based on driving conditions, climate, and charging efficiency.
Q2: Where can I find my car's MPkWh rating?
A: Check your vehicle's specifications or onboard computer which typically displays efficiency metrics.
Q3: Should I include public charging costs?
A: For complete accuracy, use a weighted average rate if you frequently use paid public chargers.
Q4: How does this compare to gasoline costs?
A: EVs typically cost 1/3 to 1/2 the price per mile compared to gasoline vehicles.
Q5: Does this include maintenance savings?
A: No, this only calculates energy costs. EVs typically have lower maintenance costs as well.