Understanding the Average Price of Electric Vehicles

When you switch from a traditional gas-powered vehicle to one of the Kia electric cars, you won’t have to plan for a monthly gas budget, fight for a pump, sit in long lines at the gas station, or risk spilling gas on your shoes. However, you will need to spend time and money charging your vehicle, so it’s important to understand more about the average cost of charging an EV so that you have realistic expectations moving forward.
Charging Your EV at Home
Drivers who invest in an EV typically spend most of their time charging their vehicle at home. EV charging can be done with an advanced at-home charging station or with a typical AC outlet. To better understand the cost of charging your EV from home, you first need to determine the average electricity cost so you can calculate your total charging costs. As of January 2024, the average national cost of electricity is approximately 15 cents.
To calculate the cost of charging an EV from home, you simply multiply your vehicle’s maximum battery capacity by the average cost per kWh. This formula applies to every EV, so you can calculate how much you’ll spend to get a full charge depending on which model you’re interested in. In Virginia, the cost of charging an average-sized electric battery based on January 2024 electricity rates is $9.86. A smaller battery will cost $5.27, and a larger battery costs $14.45.
Charging Your EV at a Public Station
The total cost of charging your EV at a public charging station will vary based on several factors. Some public EV charging stations charge drivers based on the total amount of time spent charging the battery rather than how much electricity it requires to do so. However, drivers who purchase one of the Kia EVs for sale can enroll in the Electrify America Kia Charge Pass Program and benefit from complementary charging at Electrify America charging network locations. Doing so will save you significant costs on long-term charging for your EV, which will reduce the total cost of EV ownership. This program is available for drivers who purchase vehicles with specific batteries, including the 2022 or 2023 EV6, the 2023 Niro EV, and the 2024 EV6, EV9, and Niro EV.

Saving Money by Charging Your EV During Off-Peak Hours
You can also save money charging your EV during off-peak hours. Utility companies typically offer customers reduced electricity rates during certain times of the day. When you charge your EV during off-peak hours when electricity usage is at the lowest, you’ll automatically save money. Begin by evaluating your current electric plan so that you know when those off-peak hours are and, if you’re able to, charge your EV during those hours to reduce the total cost of ownership over time.
CMA’s Colonial Kia: Ushering You Into the Future of Electric Driving
Owning an electric vehicle will save you time and money long-term. If you’re interested in upgrading from a gas-powered vehicle to a fully electric model, you’ll love the convenience, affordability, technological advancements, and features these vehicles offer. Visit us at CMA’s Colonial Kia in South Chesterfield, VA, today to learn more about EV ownership, browse our inventory, and schedule a test drive so you can experience your favorite model in real-time.