One of the biggest advantages of owning an electric vehicle is the cost savings—but how much does it actually cost to charge an EV at home in Colorado?

The answer depends on your electricity rate, driving habits, and charging setup. In most cases, charging at home is significantly cheaper than fueling a gas-powered vehicle.

This guide breaks down real costs, what impacts your monthly bill, and how to maximize savings.

Average Cost to Charge an EV at Home

In Colorado, electricity rates typically range from $0.11 to $0.15 per kWh, depending on your provider and plan.

According to the U.S. Department of Energy:

• Most EVs use 25–40 kWh per 100 miles
• That means:
  • $3–$6 per 100 miles driven

Example Monthly Cost

Let’s break it down:

• Driving: 1,000 miles/month
• Efficiency: 30 kWh per 100 miles
• Electricity rate: $0.13/kWh

Estimated monthly charging cost:

 ~$39 per month

EV Charging vs Gas Costs in Colorado

Charging at home is often 50–70% cheaper than gas, depending on fuel prices.

Example Comparison:

For more comparison insights, check more information we share about electric vehicle charging vs. gas here.

What Impacts Your EV Charging Costs?

1. Electricity Rates

Your utility provider and plan matter.

Many Colorado homeowners use time-of-use (TOU) rates, where electricity is cheaper at night.

Learn more about TOU rates here. 

2. Charging Time (Peak vs Off-Peak)

Charging during off-peak hours (typically overnight) can significantly reduce costs.

For example, Xcel Energy offers EV-friendly rate plans.

3. EV Efficiency

Different vehicles consume different amounts of energy:

• Smaller EVs = lower cost
• Larger SUVs/trucks = higher cost

4. Charging Equipment (Level 1 vs Level 2)

While Level 1 charging works, most homeowners choose Level 2 chargers for:

• Faster charging
• Better efficiency
• More control over charging schedules

Explore our installation options here.