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EVs Offer Big Savings Over Traditional Gas-Powered Cars - ConsumerReports.org

CR found that although longer-range EVs make it possible for most EV owners to do more of their charging at home, where it would presumably cost less than at a public charging station, cars with a 250-mile range were in a “sweet spot” best suited for saving money. At that range, 92 percent of charging can be done at home, requiring only six stops at a public charging station per year. Vehicles with ranges above 300 miles add approximately 20 percent to vehicle cost and battery weight, while only decreasing the amount of public charging needed by 2 percent. Ranges below 200 miles significantly increased the amount of more expensive public charging that would likely be required, to the tune of 11 charging sessions per year for a 200-mile-range EV, and 20 charging sessions for a 150-mile-range model. Most EVs on the market now offer more than 200 miles of range.

Still, higher purchase prices and lack of access to home charging can cause many consumers to shy away from EVs. Although sales have been on the rise since the first viable models appeared in the U.S. in 2011, pure electric and plug-in hybrid sales are still just a sliver of the market.

Abuelsamid and other experts say that in order for consumers to adopt EVs with more fervor, a few things need to happen. First, they need to become less expensive—a scenario that could become reality as battery prices fall. Second, charging needs to be a lot more convenient, he says.

“It’s fine today if you live in a single-family home with access to a charger in the driveway or garage, but if you rely on street parking or live in a multi-unit dwelling, it’s not practical,” he says. “Charging from a public Level 2 (240V) charger takes way too long.”

Level 2 chargers are the type typically found in residential settings and are cheaper to use than DC fast chargers, which are generally found at public charging stations and can charge a vehicle in 30 to 45 minutes. The DC chargers cost two to three times more to use.

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EVs Offer Big Savings Over Traditional Gas-Powered Cars - ConsumerReports.org
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