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The True Cost of Charging Your Electric Car at a Fast-Charging Station: Is It Worth the Added Expense?

5 Apr 2023 4 mins to read
As the electric car market continues to gain momentum, one of the biggest concerns among potential buyers is range anxiety. This refers to the fear of running out of battery while on the road and being unable to find a charging station. To alleviate this fear, car manufacturers have been rolling out models with increasingly longer ranges.
The True Cost of Charging Your Electric Car at a Fast-Charging Station: Is It Worth the Added Expense?
Summary:

However, even with longer ranges, there comes a time when your electric car will need a recharge, and the question is, where do you go?

The Rise of Fast-Charging Stations

In the past, charging an electric car was a time-consuming process that could take hours, but with the development of fast-charging stations, this has changed. These stations use high-power chargers that can provide a significant amount of energy in just a few minutes. As a result, they have become increasingly popular, particularly in urban areas, where people need quick top-ups rather than charging for longer periods of time.

The Cost of Fast-Charging Your Electric Car

While fast-charging stations are convenient, they can also be expensive. In fact, the cost of fast-charging can be significantly higher than charging your electric car at home. The exact cost varies depending on the location, but you can typically expect to pay around $0.30 to $0.50 per minute of charging.

Factors That Affect the Cost of Fast-Charging

  • The location of the charging station: Charging stations in more affluent areas may charge a premium for their services.
  • The type of charger: There are different types of fast-chargers, and the cost can vary depending on the technology used.
  • The time of day: Some charging stations may offer discounted rates during off-peak periods.

Is It Worth the Added Expense?

Given the added cost of fast-charging, is it worth it? Ultimately, the answer depends on your needs and driving habits. For example, if you live in an area with limited charging options, fast-charging may be necessary for longer trips. Additionally, if you have a busy schedule and need a quick top-up, fast-charging may be more convenient than waiting for a slower charger to finish.

On the other hand, if you primarily charge your car at home and only occasionally use fast-charging stations, it may not be worth the added expense. Over time, the cost of fast-charging can add up, particularly if you use it frequently.

Key Takeaways

  • Fast-charging stations are becoming increasingly popular, particularly in urban areas.
  • The cost of fast-charging can be significantly more expensive than charging your electric car at home.
  • The cost of fast-charging can vary depending on factors such as location, charger type, and time of day.
  • Whether or not fast-charging is worth the added expense depends on your needs and driving habits.

In conclusion, while fast-charging stations offer a convenient option for electric car drivers, they can be expensive. When deciding whether or not to use a fast-charging station, it's important to consider your specific needs and usage patterns, as well as the cost of charging in your area. By doing so, you can make an informed decision about whether or not fast-charging is worth it for you.

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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645
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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645