As electric vehicles (EVs) continue to gain popularity in Ireland, drivers need to have a clear understanding of the associated expenses, including the cost of charging their electric car. With an environmentally friendly alternative to traditional gas-powered cars, EVs offer a promising future for sustainable transportation. In this blog, we will explore the expenses related to EVS and how much does electric car charging cost at home and in public places, providing valuable insights for drivers of all ages. In addition to this, did you know you can get great cost-effective EV insurance with Insuremycars.ie? So, be sure to give us a call when you get on the market!
1. The Benefits of Owning an Electric Vehicle
Before delving into the details of electric car charging costs, let’s briefly discuss the advantages of driving an EV. Not only do electric vehicles significantly reduce greenhouse gas emissions, but they also contribute to cleaner air and a healthier environment. Moreover, EVs offer lower operating costs, reduced maintenance requirements, and potential incentives from the government, making them an appealing option for eco-conscious drivers. To read more about why you should buy an electric car, read our blog.
2. How Much Does Electric Car Charging Cost at Home?
One of the significant advantages of owning an electric vehicle is the convenience of charging it at home. To determine the cost, you need to consider two primary factors: your electricity rates and charging efficiency. In Ireland, residential electricity rates typically range from 20 to 25 cents per kilowatt-hour (kWh).
To calculate the cost of charging your electric car at home in Ireland, multiply the kWh consumption of your vehicle’s battery by the electricity rate. For instance, if your EV’s battery capacity is 50 kWh, and the electricity rate is 20 cents per kWh, the cost would be €10 for a full charge.
50 x €0.20 = €10.00
It’s also important to consider the range of your electric car. Discover the electric cars with the longest range on the market in Ireland.
3. The Cost of Installing an Electric Charger at Home
While discussing electric car charging costs, it’s essential to consider the expenses associated with installing a dedicated charger at home. Although it’s possible to charge your EV using a standard domestic socket, installing a dedicated home charging point offers several advantages, including faster charging times and increased safety.
The cost of installing an electric charger at home can vary depending on factors such as the charger type, installation requirements, and any necessary electrical upgrades. According to Money Guide Ireland, the average installation cost ranges from €1,299 – €2,000, including the charger unit, electrical work, and labour costs. However, it’s important to note that government grants, such as the SEAI Home Charger Grant of up to €600, can help offset these expenses.