What is the impact of charging on my electric bill?

If you’ve been driving a gasoline car for a number of years, you know how much it costs you every week or month to put gas in your car. When you switch to an EV, the first thing you’ll notice is that you’re not buying gas anymore. But if you’re charging your EV at home, you will notice that your monthly electric bill will increase. How much it increases varies with the cost of electricity in your area. On average, charging your electric car will cost you less than half as much as fueling a gasoline-powered vehicle. Want to figure out how much your bill will go up? Divide the number of miles you drive per month by the EV’s miles per kilowatt-hour (mpkWh) rating; then multiply that by the cost per kilowatt-hour. For example, if you drive 1,000 miles a month, and your Tesla Model 3 gets 3.3 mpkWh, you will use 303 kWh of electricity. If your electricity cost per kWh is $0.25, you will spend approximately $76 on charging.