How Much Does It Cost to Charge an Electric Truck?

Photo courtesy of CJ Rinehart

Electric trucks are slowly becoming the next big thing in the electric car industry. A lot of major automotive manufacturers as well as a lot of new competitors are all working to develop all-electric, off-road capable, towing capable trucks. You may be curious how much it costs to charge an electric truck.

So how much does it cost to charge an electric truck? The cost of charging an electric truck averages between $15-$20 when charging at home, and costs 2-3 times that much when using a public charger. The battery packs in trucks are significantly larger than that of cars, but still get a similar range because trucks weigh so much more.

In the United States, bigger cars are selling more than ever. With sedan sales dropping, SUV and truck sales are growing at a high rate. People are wanting bigger vehicles. Trucks offer a wide array of features that are appealing to a lot of different people.

They offer the ability to haul big objects. They also usually have four-wheel drive and offer more ground clearance than a normal car. This makes them capable of driving off-road and allows them to handle bad weather on the road. For many people, a truck is the only vehicle that they care to own. That is why it’s so important that fully electric trucks are developed as we shift into an electric car world.

Cost Of Charging An Electric Truck Vs. Cost To Charge Other Electric Vehicles

Exactly how much more expensive is it to charge an electric truck vs any other electric car? This largely depends on your electric car’s battery power rating. Smaller electric cars obviously cost the least. For example, the Mini Cooper SE has a 28.9 kWh battery. Compare this to the 200 kWh battery on the GMC Hummer EV. The hummer takes almost 100 times the power to charge it up.

While that jump may seem drastic, remember that that comparison is between the smallest batteries and the largest batteries available. A lot of the Teslas come with a 100 kWh battery which means that the Hummer would cost you twice as much to charge as the Tesla. The Ford F-150 Lightning comes with two battery options. The first is a 98 kWh battery and a 131 kWh battery. That means your F-150 is going to cost you about the same as your Tesla to charge. It all depends on the battery capacity.

Cost Of Owning An Electric Truck vs Owning A Regular Truck

So, what is the cost difference between owning an electric truck and a regular truck? First off, let’s look at the initial price as truck prices vary quite a bit. You can find smaller trucks such as a Tacoma or Frontier in the base model packages for around $22,000 or so. Base model full-size trucks start around $32,000 or so. If you are looking for a diesel truck, prices get even higher than that and you will likely be spending at least $45,000. As you move up in trim, you can spend even up to $100,000 on a truck.

How much does an electric truck cost? Currently, there aren’t many options for electric trucks. A lot of companies have plans to release electric trucks in the near future but as of right now, there aren’t many to choose from. The cheapest option currently is the Ford F-150 Lightning. This truck starts at $39,974. The most expensive one available right now is the GMC Hummer HV. This one starts at $108,700. In the mid-range, there is the Rivian R1T that starts at $67,500.

As you can see, electric cars come with a much higher average starting price. You are looking at paying more for the cost of the actual truck with an electric truck. But does that mean that regular trucks are cheaper?

Where electric cars really save you is on gas. Fully charging an electric truck will cost you only a portion of what filling a truck up with gas will cost you. Overall, most internal combustion trucks get pretty bad gas mileage. Most are right around the 20 miles per gallon mark but some get much worse than that. An electric truck can be fully charged for only a couple of dollars and that can take you anywhere from 200-350 miles. Over the years and years of saving on gas is where an electric truck really starts to pay off.

Average Cost To Charge An Electric Truck At Home vs At A Public Charger

So, what is the difference in price between charging at home or charging at a charging station? It’s actually a pretty large difference. At home, you are only paying for the power that you consume which you are already billed for monthly. To charge a truck from 0-100% at home will cost about $15-$20.

Charging at a station can be quite a bit more expensive. Charging at a public stations usually costs about three times as much, but these chargers also generally charge your car much faster than people have the capability of doing in their own homes.

Also, the rate that you are charged will vary based on the type of charger that you are using. Typically, the faster the charger, the more that you will get charged. Charging rates could be anywhere from 40 cents per kWh or even 35 cents per minute. The pricing structure varies depending on where you are. Obviously, this is much more expensive than if you charge it at your house.

How Much Is Your Monthly Power Bill Going To Go Up?

So, how much exactly is your monthly power bill going to go up when switching to an electric truck? If you buy an electric truck with a smaller battery pack (close to 100 kWh), you will hardly even notice the increase in your power bill compared to charging an electric car. Obviously, this jump depends on the size of the battery you are charging right now but the higher performance electric cars of today are all right around there.

Even if you jump from a 70 kWh battery to a 100 kWh battery, it won’t have a super drastic effect on your power bill. You are looking at a difference of $10-$25 a month increase. Some of the higher power rating electric trucks out there can have more of an effect on your monthly bill though. The Hummer EV is the perfect example of this, where its battery power is about double most other electric cars on the market.

Tips For Optimizing Charging Costs

So, how can you save the most money while charging your electric truck? Some of this will depend on where you live. Depending on where you live, there may be different power rates at different times of the day. Generally, during the highest power demand hours of the day, electricity is the most expensive. At times when it is less in demand, you pay less for your power.

By scheduling your charging at a time that is cheaper, you can save a lot of money by paying a reduced rate for your electricity. Some places even offer specially reduced rates for power usage overnight to encourage charging your car overnight. You will need to do some research to see what things are like where you live. If there is a time of use power program where you live, you can save money just by charging at a different time though.

Another great way to save money on charging is to take advantage of free charging when you can. This is not an option for everyone. Many employers are building electric car chargers in their parking lots. The goal is to encourage people to go green. As such, you can charge your car while you are at work for free. This obviously saves you money as you don’t have to pay for the power.

As electric cars become more and more popular, more employers will offer to charge at work. In addition, some businesses will offer free charging in hopes that you buy stuff at their business. If this is an option where you live, you can take advantage of that to save yourself some more money.

One last thing that you can do to reduce your power bill is to look into solar power. By adding solar power to your house, you can significantly reduce your power bill. Depending on where you live, there may be quite a few incentives that can cover the cost of the solar panels and installation. That way you can be on your way to saving even more money on your power bill.

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