1. What is EV Cost Per Mile?

The EV Cost Per Mile calculation helps electric vehicle owners understand their operating costs by determining how much they spend to drive one mile based on their electricity rate and vehicle efficiency.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Electricity rate — Your cost per kilowatt-hour of electricity
• Energy consumption — Your vehicle's efficiency in kilowatt-hours per mile

Explanation: This simple multiplication gives you the direct operating cost per mile for your electric vehicle.

3. Importance of Cost Calculation

Details: Understanding your per-mile cost 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 (found on your utility bill) and your vehicle's energy consumption (available from manufacturer specifications or your vehicle's display). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my electricity rate?
A: Check your electric utility bill - it's typically listed in dollars per kilowatt-hour ($/kWh).

Q2: How do I find my vehicle's energy consumption?
A: Most EVs display kWh/mile or kWh/100 miles in their energy information screens. Manufacturer websites also provide this data.

Q3: Is this the total cost of ownership?
A: No, this only calculates the energy cost. Total cost would include maintenance, insurance, depreciation, etc.

Q4: How does this compare to gasoline vehicles?
A: EVs typically cost 3-5 cents per mile, while gas vehicles often cost 10-20 cents per mile in fuel alone.

Q5: Does this account for charging efficiency losses?
A: No, this assumes the energy consumption figure already accounts for any charging losses.