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DOE says that the average cost of electricity for an EV is $0.04 per mile, which means it costs $9 to fully charge a battery with a 200-mile range. By comparison, it costs between $0.07 and $0.10 ...
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The firm predicts the global average cost to automakers for batteries in 2024 will average about $115 per kilowatt hours, about 23% lower than last year. Prices are expected fall another 20% in 2025.
This is around 1 ⁄ 5 (20%) of what is needed to power a standard upright bicycle without aerodynamic cladding at same speed, and 1 ⁄ 50 (2%) of that which is consumed by an average fossil fuel or electric car (the velomobile efficiency corresponds to 4700 miles per US gallon, 2000 km/L, or 0.05 L/100 km). [22]
The amount of range gained per time charging, charging speed, is the ratio of charging power to the vehicle's consumption, and its inverse is the charging time per driven distance:
The following table compares official EPA ratings for fuel economy (in miles per gallon gasoline equivalent, mpg-e or MPGe, for plug-in electric vehicles) for series production all-electric passenger vehicles rated by the EPA for model years 2015, [1] 2016, [2] 2017, [3] and 2023 [4] versus the model year 2016 vehicles that were rated the most efficient by the EPA with plug-in hybrid ...
The math in the formula shows that this particular electric vehicle costs $16.80 to charge at home. ... the national average for a gallon of gasoline was $3.39, and the average fuel tank capacity ...
Thus, the diesel truck is using 3.37 times the amount of energy that the electric truck is using. Therefore, the only variables that are stopping commercial use of electric trucks are original vehicle cost and driving range, owing to the high battery pack cost and low specific energy. [27]