Joanna Stern, senior tech columnist for the Wall Street Journal, shed light on the cost-effectiveness of charging electric vehicles (EVs) at home. Despite the initial high costs, Stern found that home charging led to significant savings over time.
What Happened: Stern recently wrote a column on WSJ about how she saved hundreds of dollars by charging her EV at home. During CNBC’s “Last Call,” Stern shared that she spent $125 to charge her EV at home, which covered a distance of 2500 miles.
“I am saving half the amount I would [spend] if I was using gas. And this is what is happening across the country,” she said.
Comparing this with the costs associated with an internal combustion engine (ICE) car, she found that she was spending almost double on gas in New Jersey, at $3 per gallon, for the ICE vehicle owned by her family.
However, she also noted that EV manufacturers ...