As electric vehicles (EVs) gain popularity across Canada, understanding the cost analysis of home charging versus public charging is essential for making informed decisions. 

In this blog, we’ll break down the financial aspects of both options, considering installation costs, daily usage, and convenience factors. We’ll also explain how the price of EV charger installation in Ontario compares to the ongoing expenses of public charging. Additionally, we’ll explore key topics such as EV charging time and its impact on your daily life. Let’s get started with everything you need to know before making a choice.

The True Cost of EV Home Charging

Setting up an EV charger at home involves an upfront investment, but it pays off over time. The cost of EV charger installation in Ontario typically ranges between $1,000 and $2,500, depending on the type of charger and the home’s electrical system. A standard Level 2 charger installation includes the unit itself, professional labour, permits, and any required electrical upgrades.

Once installed, the actual cost to charge an EV at home is relatively low. Ontario’s average residential electricity rate is about 13 cents per kilowatt-hour (kWh). To fully charge a vehicle like the Tesla Model 3, with a 60 kWh battery, it would cost approximately $7.80. Compare this to fuelling a gasoline vehicle, and the savings quickly add up over months and years.

Key Benefits:

  • Lower ongoing charging costs

  • Convenient overnight charging

  • Increased property value with a dedicated EV charging station

The Cost of Public EV Charging

Public EV charging stations provide a convenient alternative for individuals without home chargers or those embarking on long trips. However, they come with higher per-session fees and sometimes additional membership costs.

In Ontario, public fast chargers typically charge between $15 and $25 for a full charge. Level 3 DC fast chargers are quicker, but you pay a premium for that speed. Some stations also have “idle fees” if you leave your vehicle plugged in too long after charging is complete.

Frequent public charging can significantly affect your yearly EV operating costs. For regular drivers, relying mainly on public stations could lead to expenses between $1,200 and $2,000 annually, compared to about $400 to $600 if charging primarily at home.

Things to Consider:

  • Higher per-charge rates
  • Variability in costs depending on provider and location
  • Potential waiting times at busy stations

EV Charging Time: Home vs. Public

EV charging time is a significant factor that influences the decision between home and public charging. At home, Level 2 chargers typically provide 30 to 40 kilometres of range per hour of charging. This means that most EV owners can fully recharge their vehicles overnight without any hassle.

Public DC fast chargers, on the other hand, can deliver an 80% charge in about 30 to 45 minutes. While faster, it requires planning your day around charging sessions, and not all fast chargers are available when needed.

Charging at Home:

  • Level 2 charger: 6 to 10 hours for a full charge.
  • Plug in and walk away, charge overnight.

Charging in Public:

  • Fast charger: 30–45 minutes for 80% charge.
  • Level 2 public charger: 4-8 hours.

If you value convenience and minimal disruption to your routine, investing in a home charger makes more sense, especially when considering the time required for EV charging.

EV Charger Case Study: Residential Level 2 Electric Vehicle EV Charger Installation

Long-Term Financial Implications

Choosing to install a home EV charger is a strategic move that delivers long-term financial benefits. The upfront cost of EV charger installation in Ontario may seem high initially, but the monthly savings on energy and time significantly outweigh public charging fees over the years.

Let’s do a quick comparison:

Choosing to install a home EV charger is a strategic move that delivers long-term financial benefits. The upfront cost of EV charger installation in Ontario may seem high initially, but the monthly savings on energy and time significantly outweigh public charging fees over the years.

Which Is Cheaper: Home or Public EV Charging?

When it comes to the cost analysis of EV home charging versus public charging, installing a home charger is the clear winner in terms of long-term savings and convenience. While public charging is helpful for occasional needs, relying on it daily becomes costly. Home charging, after covering the EV charger installation cost in Ontario, provides the most affordable, time-saving, and hassle-free solution.

For anyone serious about maximizing the benefits of EV ownership, setting up a home charger is a wise investment. Evolta Electric is here to make your transition smooth and easy!

Upgrade Your Charging Experience with Evolta Electric

Ready to reduce your costs and enjoy the convenience of charging your EV at home? Evolta Electric offers professional and affordable EV charger installations throughout Ottawa and the surrounding areas. Our certified electricians ensure safe and reliable setups that meet your specific needs. 

Don’t wait until public station prices go up. Contact us today and power your drive the smart way!