Methodology
Home charging cost is computed as: (Battery kWh × Electricity Rate) ÷ Efficiency. Public charging follows the same formula with the public rate. Monthly estimates assume 30 full charges; annual multiplies per-charge by 365 days. Cost per mile uses an assumed 3.5 miles/kWh.
Assumptions
- US average electricity rate of $0.14/kWh as default
- Level 2 charging efficiency of 90%
- Public DC fast charging at $0.40/kWh
- Vehicle efficiency of 3.5 miles per kWh