What is the true cost of charging an electric car?

What is the true cost of charging an electric car?

Across the globe, the demand for electric vehicles is increasing, with many drivers wanting to plan ahead for the possibility of an all-electric future. Ireland is one of the many countries where the number of electric vehicles being owned by its residents is increasing, with 2019 data suggesting that 8,473 electric cars are currently being driven on Ireland’s roads. Lets see What is the true cost of charging an electric car.

There are many advantages associated with an electric car, although a large number of drivers are fixated on negative points which they have read online or from someone they know. One of the biggest concerns many drivers have surrounding an electric car is it’s charging time and battery life, which is why it’s important to complete your research before choosing a model.

With many sceptics still resenting the idea of owning an electric car based on the cost of charging it, Chill Insurance have created a comprehensive list of models which have good and bad charging costs, as well as some other important factors to consider. The research carried out by Chill Insurance is extremely beneficial to all drivers, so we thought we’d share some of it with you.

What is the most cost-effective model over 100km?

Out of the 95 models investigated by Chill Insurance, it’s the Hyundai IONIQ electric which has been ranked as the most cost-effective.

This dynamic model has a battery capacity of 40 kWh, as well as a slow charge of around €4.34 and a fast charge of €4.94. One of the most appealing factors to people wanting to buy an electric car is the cost of charging the vehicle at home. The IONIQ has a respectable at home charge of around €1.61, which has played its part in this model coming out on top its rivals.

What is the least cost-effective model over 100km?

Not all models will have appealing cost-effective factors like those of the Hyundai IONIQ and this is something to bear in mind when researching which car you’d like to own. According to the research carried out by Chill Insurance, it’s the Mercedes EQV 300 which has been ranked as the least cost-effective. 

There’s a significant difference in terms of battery capacity between this model and the IONIQ. The Mercedes EQV 300 has a capacity of 100 kWh and much higher charging costs. A slow charge will set you back around €8.12, whilst a fast charge will cost you an estimated €9.24. When looking at the at home cost of charging the EQV 300, Chill Insurance were able to reveal that the cost for owners of this model would be around €3.00; which is considerably more than that of the IONIQ.

We’d like to know what you think about the research carried out by Chill Insurance and if this has changed your perception of electric vehicles. Share your thoughts on social, using #EVChargingCosts.