In an era of soaring gas prices and heightened environmental awareness, drivers are taking a closer look at plug-in electric vehicles (PEVs). But beyond the savings at the gas pump, what is the overall impact of driving a PEV?
Most PEV manufacturers only advertise the cost to charge a PEV based on a nationwide dollar per kilowatt average, usually around $0.12 per kWh. However, this perspective is misleading because this rate can be vastly higher based on a driver’s current electricity usage. Since most consumers already use most of their baseline electricity allocation for their home electricity needs, adding additional electricity needs for charging a PEV will certainly bump them into a higher cost tier for using that additional electricity.
The PEV calculator quantifies the overall financial and environmental impacts of driving a PEV by analyzing a consumer’s historical electricity usage (extracted from Green Button data), together with his estimated daily mileage driven, the gas efficiency of his current car, the specifications of the selected PEV, and the available electricity rate plans from his local utility company.
By utilizing the most recent 12-months of Green Button data, the calculator projects the electricity usage and costs for different rate plans offered while accounting for the additional electricity needs to charge a PEV. The calculator factors in the customer’s allocated baseline each month, current utility tariffs, the selected PEV manufacturer’s specifications, and assumptions for PEV charging patterns.
Try the new Plug-in Electric Vehicle (PEV) Calculator to find out how much electricity will cost to charge your car and how much money you’ll save on gas!
Screenshot of PEV calculator results