One of the biggest EV financial decisions you will make isn't which car to buy

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One of the biggest EV financial decisions you will make isn't which car to buy
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Electrical vehicle charging is key to consumer adoption. How much you pay to charge an EV at home, and how fast, will be a big part of the decision.

Many people may find Level 1 sufficient since maintaining a full battery may not be necessary for routine driving, and faster public chargers are available for one-off needs.

Another option is a Level 2 at-home charging station that's permanently mounted, which can allow users to customize charging schedules to better control charging. There may also be rebates that help defray the cost of this type of solution. This option typically requires electrical work, which can be costly.Most people have the capability to use a Level 1 charger without any electrical upgrade, said Vikram Aggarwal, chief executive and founder of EnergySage.

Level 2 chargers can charge an EV to 80% from empty in four to 10 hours, assuming a 60-kWh battery, according to Department of Transportation estimates. In addition to the rebates for any electrical work required to handle Level 2 charging, the Inflation Reduction Act includes a tax credit for installing a home EV charger, equal to 30% of the total cost including installation, up to $1,000 — if you live in a rural or low-income area, according to EnergySage.

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