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it’s pretty easy to calculate how much you’re spending on fuel for a petrol car. you go to the servo, you fill up and the bowser tells you the price. simple! the only not-so-simple part is fighting the urge to step back into your car and drive off without paying, after looking at the total price of your fuel and sustaining a nauseating migraine. 

electric cars, on the other hand? slightly more difficult to work out their charging rates – at first. but once you get the hang of it, it’s also incredibly easy. and, disclaimer, there are no migraines involved when you work out the total cost. today, the team at fingo talk us through ev charging rates, helping you work out just how much it costs to juice up your electric vehicle.

first, let’s talk about speed

not only are price rates important, but so are the speed rates at which your ev charger can power up your car’s battery. there are three categories, or levels, of ev charging rates:

  • level 1

level 1 chargers are ones that connect to a standard 240v wall socket, meaning you can charge up your vehicle practically anywhere with a wall plug. these are the slowest level of chargers, giving you roughly 10km of range per hour.

  • level 2

level 2 chargers are the next fastest. included in level 2 are dedicated home charging stations (hardwired chargers) and public ac charging stations. the speed at which they charge depends on their amperage. for example, they can provide 15km of range per hour if the charging rate is between 3.3-3.7kw; approximately 25km of range per hour with a charging rate at 6.6kw; and approximately 30km of range per hour if the charging rate exceeds 7kw.

  • level 3

level 3 chargers include dc fast chargers and are the fastest way to juice up your ev. they range from 50kw to 175kw, and can provide their equivalent in kilometres every ten minutes. for example, a 50kw charger gives you 50km of range every ten minutes, while a 75kw charger gives you 75km of range every ten minutes.

price of the charge

evs are significantly cheaper to run than petrol cars. in australia, it can cost anywhere from $0.30-$0.60 per kwh to charge an electric vehicle. you’re looking at around $11.50-$23 to fully charge a small electric vehicle or about $22.50-$45 to fully charge a larger long-distance electric vehicle. although, some states are  introducting zero and low emission vehicles (zlevs).

reckon it’s about time to make the switch to electric? join the other aussies who use fingo when buying their electric car. fingo provides excellent vehicle finance solutions – from car loans to business fleet management, they offer a full-scale automotive finance service. get in contact with fingo today.

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