When pitted against each other in the arena of powering costs, the battery power of a plug-in hybrid electric vehicle demolishes the fuel life of a gas-powered vehicle, hands down. If we compare the cost of a battery charge to the cost of a gallon of gasoline, powering a plug-in hybrid electric vehicle equates to about 75 cents per gallon of petroleum-based gasoline. But as electric vehicle owners know, the name of the electric vehicle game is not price per gallon, but rather kilowatts per hour — and electricity costs vary greater than that of gasoline.
Yes, electricity is cheaper than gas in general. But just like a fuel-powered vehicle, you have to work at maintaining — and even try to lower — costs to get the most out of it. How do you do this with an electric vehicle? Here are three methods of lowering your electric vehicle charging costs even further.
One method to lowering charging costs in an electric vehicle is by increasing its fuel efficiency, which can be done in several ways. The first recommendation is to check your tires. Maintaining proper inflation and alignment reduces the level of drag your engine must combat against, therefore boosting your vehicle’s efficiency. But choosing tires with reduced rolling resistance is a smart place to start. These types of tires cut back on rolling resistance, or the energy lost during engine drag, and reduce this phenomenon by an average of 10 percent.
Understand Utility Rate Options
While utility companies help set the cost of electricity, the costs you see on your monthly utility bill are ultimately determined by your level and time of use. In essence, if you use more, you pay more. In addition, these rates can vary greatly from state to state, while peak-hour use changes based on location and seasons. Since peak-hour energy use can be exponentially more expensive than off-peak hours, electric vehicle owners must be aware of their utility rate plan and anticipate changes. With the national average being about 12 cents per kWh, naive electric car owners may find themselves paying double if they’re not well-informed.
Some utility companies are sensitive to the needs of electric vehicle owners and may offer special plans, like Southern California Edison. The California utility provider offers residential users four different rate tiers based on usage, though rates can range between 9 cents up to 31 cents per kWh. Southern California Edison’s optimal utility plan for owners of electric vehicles allows for the lowest costs between midnight and 6 a.m., at a rate of 9 cents per kWh. But consumers have to request this plan. In this case, knowing really is half the battle.
Get Your Perks
As Americans continually warm to the idea of electric cars and the benefits they bring to society, more and more incentives will become available to electric vehicle owners. For those current owners looking to charge in public rather than at home, there are a few networks that offer access to electric charging stations while you’re on the go. Though each network is designed slightly different, they can be broken down into three subscription categories: monthly, pay-as-you-go and free. Though free is always a bonus, some of the subscription networks are worth checking out.
Electric and gasoline vehicles may be in two different classes, but they share the same road — and all drivers should be able to save a little dough.