How much does it cost to charge an EV?

As with petrol cars, the running costs will vary according to the size of the vehicle and how it is being driven. As a rule of thumb however, the electricity costs for an EV will be around one third to one quarter the petrol costs for a similar vehicle.

The formula to work out the cost of charging a car is simply to multiply the size of the battery by the cost of electricity. Eg if your electricity is $0.25/kW and you drive a Tesla Model 3 with a 50kWh battery, the cost to charge will be 0.25 x 50 = $12.50.

Read more on EV charging costs.