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How much can I save by charging my EV at home?

Pluginvest Help avatar
Written by Pluginvest Help
Updated over a week ago

In Belgium, there is a significant difference between the cost of home charging and public charging. This means you can save hundreds of euros per year by charging at home.

Facts:

  • Actual vehicle range: 350 km

  • Battery capacity: 60 kWh

  • Daily driving distance: 39 km (source: FLEET.be)

  • Public charging rate: €0.50/kWh

  • Home charging rate (CREG, Feb. 2024): €0.33/kWh

Calculation:

  • Number of charging sessions per day:

    • 39 km per day / 350 km driving range = 0.111 charging sessions/day

  • Consumption per month:

    • 0.111 charges/day x 60 kWh/charge x 30 days ≈ 199.8 kWh per month

  • Monthly cost:

    • Home charging:

      199.8 kWh × €0.33/kWh = €65.93

    • Public charging:

      199.8 kWh × €0.50/kWh = €99.90

  • Annual savings:

    • Annual home charging cost: €65.93 × 12 = €791.16

    • Annual public charging cost: €99.90 × 12 = €1,198.80

      • Savings: €1,198.80 - €791.16 = €407.64 per year

Conclusion:
By charging at home, you can save €407.64 per year on the charging costs of your electric vehicle.

Notice:
This is a simplified calculation. Other factors may affect the actual costs, such as:

  • Additional fees from public charging operators (varies per provider)

  • Vehicle efficiency

  • Actual driving range

  • Charging time

  • ...

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