Electric driving costs
What to expect for overall costs
When it comes to overall EV costs, you can expect to save more money over a vehicle that uses a traditional fuel-burning combustion engine. But how much? Whether you're charging at home or on the road, you'll need accurate figures for your monthly budget.
How to calculate costs for charging?
**Charging at home or work: ** The cost of EV charging at home depends on your electricity tariff in your region. An average electric car consumes 15 to 25 kWh per 100 km. So, if your rate for electricity at home is €0,25 and you drive an average of 15 000 km per year, then the cost of charging your car will be between €563 and €750 per year. Keep in mind that in most cases, charging at home is cheaper than at public stations.
EV taxation & benefits
The Environmental Fund has an incentive program for the purchase and installation of electric vehicle chargers in condominiums, linked to Mobi.E - the managing entity for electric mobility in Portugal. Discover all the tax benefits and government incentives available for electric or low-emission vehicles, as well as all the important information about the taxation of these electric vehicles in Portugal.
Comparing EV vs ICE costs
Is an electric vehicle cheaper or more expensive than a petrol or diesel car? When comparing costs it's important to look beyond just the purchase price and instead dive into the costs involved in keeping a car running. This includes fuel, maintenance, insurance and depreciation.
Frequently asked questions about EV costs
How much does it cost to charge my electric vehicle? We recommend charging your vehicle at home or in the office, where energy tariffs are cheaper. Drivers who have a charger at home should give priority to using it. Charging on public roads should be considered as a last resort, as the costs are higher since they include additional fees, namely the fee for using the stations. [Miio](targetBlank:https://www.miio.pt/)'s app indicates which stations are recommended for each type of vehicle. Note that the cost of charging varies depending on the speed of charging: for example, the faster the station, the more expensive the charging fee. Examples of charging costs: **- Plug-in hybrid** A 3.7 kwh (slow) charger is the one with the lowest cost. A fast charger is more expensive for PHEV vehicles, as you pay €14.56 to travel a maximum of 55 km (four times more than slow charging). Charging time is also important, because the vehicle's internal charger has a limit. Thus, the car only charges to a maximum of 7.4kwh, which means that in a semi-fast or fast it will take the same time to charge (1h30m). **- 100% Electric** 100% electric vehicles have a higher charging capacity, i.e. the internal charger allows higher charging speeds, so the cost differences between a semi-fast and a fast are marginal. Charging times, on the other hand, differ greatly: from 20h for a slow charge to 1h38m for a fast one. Therefore, in the case of this type of vehicle, the recommendation is to choose the type of charging that takes less time, i.e. fast charging. How much does it cost to charge in the public network? There are currently two types of charging stations on the public network: normal charging stations and fast charging stations. The use of the first type of stations (normal) is free at this stage, while the second is paid. The cost of charging on the public network at a fast charging station is composed of: - Energy tariff - cost of energy consumed, defined by CEME, in €/kWh or €/min; - Charging station operation service - cost of using the charging station, is defined by the OPC, varies for each charging station and includes: activation cost, cost per unit of time (min) and cost per unit of energy (kWh); - Tariff for access to energy networks for electric mobility; - Management Entity tariff, which will be €0 at this stage; To these costs will be added VAT at the legal rate, and any other taxes, fees, charges or contributions applicable to the supply of electricity for electric mobility. Does the cost shown on the fast charging station correspond to the total I will pay? No. The total price to be paid by the user corresponds to the sum of the station service operating cost (station provision by the operator) and the cost of the service provided by your CEME (in general, this is energy), according to the conditions of the contract.Check out our offers
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