Electric Car Charging Costs Vary Widely in Israel
Translated & summarized from Bizportal by baba
The story in 5 lines · by baba
- Electric car charging costs range from 7.56 to 45 shekels per 100km in Israel.
- Home charging is cheapest, especially during off-peak hours with a time-of-use meter.
- Public AC and DC fast chargers significantly increase the cost per kilometer.
- EV charging costs are generally lower than gasoline costs for comparable distances.
- A proposed mileage tax could increase EV running costs in the future.
The cost of charging an electric vehicle (EV) in Israel can vary significantly, ranging from approximately 7.56 shekels for 100 kilometers when charging at home during off-peak summer hours to as much as 45 shekels when using a fast-charging station. This sixfold difference is primarily determined by the electricity source and timing.
Charging at home under the standard residential tariff, which will be 63.52 agorot per kWh plus a fixed annual charge, costs about 9.5 shekels per 100 kilometers. However, with a time-of-use meter, which offers different rates for peak and off-peak hours, the cost for 100 kilometers can range from 7.56 shekels during off-peak summer hours to 25.83 shekels during peak hours. Switching to a time-of-use meter is beneficial for those who can shift most of their electricity consumption to off-peak times, potentially saving about 21% per kWh compared to the standard tariff.
Public charging stations present another cost variable. AC charging typically costs around 1.3 shekels per kWh, making 100 kilometers cost about 19.5 shekels. DC fast charging can reach up to 3 shekels per kWh, increasing the cost for 100 kilometers to approximately 45 shekels. This range means the choice of charging station can impact travel costs as much as the time of day for charging.
For comparison, the maximum regulated price for 95-octane gasoline in self-service stations was recently 7.75 shekels per liter. A car consuming 7 liters per 100 kilometers would incur a fuel cost of about 54.25 shekels for the same distance, a figure higher than even the most expensive fast-charging option for EVs.
Potential future costs include a proposed mileage tax of around 15 agorot per kilometer for EVs, intended to offset declining fuel taxes. If enacted, this tax would add approximately 15 shekels to the cost of 100 kilometers, exceeding the cost of home charging under the standard tariff. Additionally, the rapid DC charging method contributes to battery degradation, which can reduce the vehicle's resale value over time.
Read the original at Bizportal