A tool that determines the monetary expenditure associated with replenishing the battery of a battery electric vehicle (BEV) or a plug-in hybrid electric vehicle (PHEV). It typically requires inputs such as electricity price, battery capacity, and the initial and target state of charge. The resultant output is an estimated expense for a single charging session.
Understanding the price associated with powering an electric vehicle (EV) is crucial for budget planning, comparing it with traditional gasoline vehicles, and making informed decisions about energy consumption habits. Historically, calculating these costs manually was a complex process, often requiring individuals to track numerous variables. The advent of user-friendly digital instruments has streamlined this process, rendering EV ownership more transparent and appealing.