As the price of gasoline continues to rise to record levels and environmental concerns become more pressing, increasing amounts of drivers are turning to BMW EV cars. Because electric cars are still a recent innovation, many people have questions about buying a car in this segment. One of the most common questions that we receive here at BMW of Peabody relates to how much the electricity bill will increase when an EV is charged at home.
What You’ll Pay to Charge an Electric Car
According to JD Powers, electric car owners do 88 percent of their charging at home, which adds to their electricity cost. Of course, there are also public charging stations for you to charge an EV car. To estimate what your cost will be, take a look at your current electric bill. It will likely show how many kilowatt-hours you currently use and how much you pay for kilowatt-hour.
As of late last year, the average cost of electricity is 13.7 cents per kilowatt-hour, and an efficient electric vehicle can travel four miles per kilowatt-hour. Doing some math, you’ll find that if you drive your BMW iX SAV or other BMW EV car 1,000 miles per month, then you’ll need at least 250 kilowatts to charge properly. At the national average electricity rate, that will cost you $34.25 per month in electricity. This number will depend on how often you drive and the electricity rates in your area.
Massachusetts MOR-EV Program
The MOR-EV program helps Massachusetts EV car buyers save money on a new EV BMW purchase. If you purchase an eligible EV car and fill out the application, you can receive $2,500 for a new battery or fuel cell electric vehicle and $1,500 for a new plug-in hybrid electric vehicle.
To test drive our wide selection of BMW EV cars, head over to BMW of Peabody.