Mar 12, 2024 - News

Here's what it costs to charge electric vehicles in Indiana

Average EV charging station prices, January 2024
Data: Stable Auto; Note: Does not include Tesla charging stations; Map: Erin Davis/Axios Visuals

Despite low electric vehicle adoption across the Hoosier state, EV drivers here are enjoying average charging prices.

The big picture: The cost of charging an electric vehicle widely varies from state to state, which suggests that EV charging companies are still figuring out how to price a top-off, Axios' Alan Neuhauser reports.

Driving the news: It costs an average of $0.45 per kilowatt-hour (kWh) to charge an electric car at a public charging station in Indiana — the same price as the national average, according to data gathered by Stable Auto, an EV charger software developer.

Context: A typical EV with 300 miles of range usually takes about 75-100 kWh to go from empty to full.

Zoom out: West Virginia, Connecticut, Arizona, Massachusetts and Kentucky have the most expensive charging stations, according to Stable's survey of about 9,000 level three fast-charging stations in January.

  • Prices there ranged from $0.52 to $0.54 per kilowatt-hour.
  • Nebraska, Mississippi, Iowa, North Dakota and Kansas were the cheapest, with prices spanning $0.17 to $0.31.

What they're saying: "Prices are probably set incorrectly and don't reflect underlying supply-demand," Stable CEO Rohan Puri tells Axios.

  • "There is still a lot of price herding in the industry with players, by and large, setting their prices based on what other nearby chargers have set their prices at."

Reality check: Only Indiana's wealthiest counties are buying into the EV hype.

  • Hamilton County saw an estimated 298 electric vehicle miles driven per 1,000 residents on a typical weekday in the second quarter of 2023, according to data from analytics platform Replica. Boone County was right behind at 268.
  • Those are Indiana's two richest counties — and no other place in the state came within half of Hamilton County's EV activity.

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