1. What is EV Cost Per Mile?

The EV Cost Per Mile calculation helps electric vehicle owners understand their driving expenses by calculating how much it costs to drive one mile based on electricity rates and vehicle energy consumption.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• Electricity rate — Cost per kilowatt-hour of electricity
• Energy consumption — Vehicle's energy usage per mile

Explanation: The equation multiplies the cost of electricity by how much electricity your vehicle uses per mile to determine your cost per mile.

3. Importance of Cost Calculation

Details: Understanding your EV's cost per mile helps with budgeting, comparing with gasoline vehicles, and evaluating the impact of electricity rate changes.

4. Using the Calculator

Tips: Enter your local electricity rate in $/kWh and your vehicle's energy consumption in kWh/mile (available from your vehicle's dashboard or manual).

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my electricity rate?
A: Check your utility bill or contact your electricity provider. Rates typically range from $0.10 to $0.30 per kWh.

Q2: How do I find my vehicle's energy consumption?
A: Most EVs display this in the energy information section of the dashboard, typically between 0.25-0.40 kWh/mile.

Q3: How does this compare to gasoline vehicles?
A: EVs typically cost 3-5 cents per mile, while gasoline vehicles often cost 10-20 cents per mile (varies by fuel prices and MPG).

Q4: Does this include charging losses?
A: No, this calculates based on energy used while driving. Actual cost may be 10-15% higher due to charging inefficiency.

Q5: Can I use this for time-of-use rate plans?
A: Yes, just use the appropriate rate for when you typically charge your vehicle.