Electric vehicles (EVs) are becoming more common as technological advances and economies of scale reduce many of their perceived disadvantages. There are two variations of electric vehicles, all electric and hybrid where a small gasoline engine is combined with electric motors and batteries.
Rather than rehash all the pros and cons of EVs, here are some steps to take to maximize the value of your EV investment.
Let your utility know you are going to buy or have purchased an EV. They need to be sure the distribution system serving your home can handle the new load.
Decide on your charger. Do you want to stay with 120 VAC and its longer charging cycle or invest in a 240 VAC charger?
Investigate alternative rates that provide savings for charging your EV at particular times of day. Most often this will be a time of use (TOU) rate or some variation. Charging off peak uses less expensive power and those savings are reflected in your rate. Caution: Be sure to consider the TOU or alternative rate carefully relative to your other electric use. These rates will charge a higher kWh charge for on peak use and that may raise your total bill.