Owning an electric car has many benefits, including lower emissions, fuel costs, and maintenance costs. But one of the biggest challenges for electric cars is the high cost of charging them.
Fortunately, there are ways to save money on your electricity bills by knowing when to charge your car. Read on to learn more about how you can take advantage of the least expensive times of day to charge your electric car and save money.
Understanding Public Electric Utility Rates
The first step in saving money on charging your electric car is understanding public electric utility rates. Most power companies have peak periods during which they charge higher rates for electricity usage than they do at other times.
Peak periods are usually in the afternoon and evening when people are most likely using more electricity than usual. Knowing when these peak periods occur can help you save money by avoiding charging your car during those hours.
Charging Your Car During Off-Peak Hours
If you want to save money on the cost of charging your electric car, it’s best to charge it during off-peak hours whenever possible. The exact times vary from state to state, but typically off-peak hours occur between midnight and 6 am or 7am depending on where you live.
By charging your car during these hours, you can often get a better rate from your power company than if you charged it during peak hours.
Using Smart Charging Technology
Finally, if you want to make sure that you always charge your electric vehicle at the lowest possible rate, consider investing in smart charging technology. Smart chargers allow you to set up automatic schedules for when and how much energy should be used for each charging session.
Doing so means that you never pay more than necessary for electricity usage. This technology is becoming increasingly affordable and easy-to-use so it’s worth considering if saving money on your energy bills is important to you.
By taking advantage of off-peak hours and investing in smart charging technology, you can save a lot of money on the cost of charging your electric car over time.
Furthermore, understanding public utility rates and peak periods will help ensure that you get the best deal possible every time you need to refuel your vehicle with electricity. So don’t wait any longer – start taking control of your energy bill today.