EV Cost Per Mile Formula:
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Electric car fuel cost represents the cost per mile to operate an electric vehicle, calculated by dividing the electricity rate by the vehicle's energy efficiency. This helps EV owners understand their operating costs and compare with traditional gasoline vehicles.
The calculator uses the EV cost per mile formula:
Where:
Explanation: This simple formula divides your electricity cost by how far your vehicle can travel on one kilowatt-hour of electricity to determine your per-mile operating cost.
Details: Understanding your EV's operating costs helps with budgeting, comparing ownership costs with gasoline vehicles, and making informed decisions about charging strategies and vehicle usage.
Tips: Enter your local electricity rate in $/kWh and your vehicle's efficiency in miles/kWh. Both values must be positive numbers greater than zero for accurate calculation.
Q1: What is a typical electricity rate?
A: Residential electricity rates in the US typically range from $0.10 to $0.30 per kWh, with national average around $0.15 per kWh.
Q2: What is average EV efficiency?
A: Most modern EVs achieve 3-4 miles per kWh, with some efficient models reaching 4-5 miles per kWh under optimal conditions.
Q3: How does this compare to gasoline costs?
A: EV fuel costs are typically 3-5 times cheaper per mile than equivalent gasoline vehicles, depending on local electricity and gasoline prices.
Q4: Does charging time affect the cost?
A: The cost calculation is based solely on energy consumed, not charging time. However, time-of-use rates may affect actual costs.
Q5: Should I include charging efficiency losses?
A: For precise calculations, you may want to account for 10-15% charging efficiency loss, but this calculator uses wall-to-wheels efficiency.