Using a Level 2 charger instead of a Level 1 charger can offer several cost savings, although the total savings may be modest in some scenarios. Here are the key advantages:
Cost Savings and Efficiency
- Efficiency: Level 2 chargers are more efficient than Level 1 chargers. They can achieve about 90% efficiency compared to around 80% for Level 1 chargers. This means that while both types of chargers deliver the same amount of energy to your vehicle, Level 2 chargers waste less electricity during charging, potentially leading to lower electricity bills.
- Time and Convenience: Level 2 chargers are significantly faster, charging an EV 8 times quicker than Level 1 chargers. While this doesn’t directly reduce electricity costs, it can save time and enhance overall convenience, which might indirectly reduce costs related to time management and travel planning.
- Long-Term Savings: Over a year, you might save about $25 by using Level 2 charging due to increased efficiency. While this amount seems small, it can add up over the years, contributing to long-term cost savings.
Additional Considerations
- Purchase and Installation Costs: Level 2 chargers are generally more expensive to purchase and install compared to Level 1 chargers. However, they offer more flexibility and potential cost savings in the long run.
- Environmental Benefits: Choosing a Level 2 charger can also offer environmental benefits, as it can better integrate with renewable energy sources, which might reduce your overall carbon footprint.
In summary, while Level 2 chargers offer faster charging and efficiency, which can lead to modest cost savings over time, the initial cost of purchasing and installing them is higher. Therefore, it’s essential to weigh these factors based on your specific usage and long-term needs.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-cost-savings-of-using-a-level-2-charger-over-a-level-1-charger/
