Every Electric Truck in Development, Plus a Few Already Here

Every Electric Truck in Development, Plus a Few Already Here

Electric trucks are few and far between on highways, but they’re all the rage online. There are fewer than 3,000 electric trucks on the road today, but at least 1.5 million reservations are in the books for upcoming electric truck models. Will trucks ever catch up to crossovers in the electrification of the auto industry? With how many models are in the development pipeline, it will be interesting to find out. Let’s take a look at every electric truck on the way, and the few you might catch a glimpse of in 2022.

Rivian R1T

The Rivian R1T electric pickup truck is available to order today

Introduced: Late 2021

Range: 314 miles

Fuel economy: 71 MPGe

Cost to charge 0 – 100% at home: $19

Price: $78,975 – $121,690

“It’s bigger than a Ford Ranger, smaller than a F-150, and a whole lot more expensive.”

The 2022 Rivian R1T is the most common electric truck on the road today, but that doesn’t mean it will be easy to find one. About 2,000 have been sold as of spring 2022. As is often the case, supply shortages (and inflation) have put a damper on the much-anticipated rollout of Rivian’s first model. 

Nevertheless, it’s a very capable truck. The R1T can tow more than 11,000 pounds and the pickup offers a payload capacity of 1760 pounds. And it’s fast, with a 0-60 time of 3.3 seconds. It’s a rugged, outdoorsy-themed truck for those who use their pickup for more play than work. If you’re in the market for one, get in line. If you’re lucky (and have a deep wallet), you just might take delivery of one by the end of 2023. Rivian prices recently jumped by $10,000 – $20,000, so don’t expect a Rivian for the original price of $69,000.

GMC Hummer EV

GMC Hummer EV

Introduced: Late 2021

Range: 329 miles

Fuel economy: 47 MPGe

Cost to charge 0 – 100% at home: $30

Price: $80,000 – $110,000+

“American excess at its finest….. and least efficient.”

If you would like a 9,000-pound, crab-walking mammoth of a truck that can seemingly overcome physics to reach 60 miles per hour in three seconds, General Motors has you covered. The revived Hummer is a large luxury truck meant to turn heads more than it’s meant to haul stuff to the worksite. 

The Hummer EV’s #1 party trick is the crab-walk. That’s when the truck turns using all four weeks, allowing it to slide through traffic. The EPA-rated range of 329 miles is a bit misleading. It has a MASSIVE 212 kilowatt-hour battery. That’s triple the capacity of most electric crossovers! While technically it starts around $80,000, used ones are already selling for a quarter of a million dollars

Ford F-150 Lightning

2022 Ford F-150 Lightning Lariat

Introduced: Late 2022

Range: 230 – 300 miles

Fuel economy: 68 MPGe

Cost to charge 0 – 100% at home: $14 – $20

Price: $39,974 – $90,874

“This will be the first mass-produced electric truck on the market, but we’re bracing for the dealer markups.”

We recently detailed all we know about the upcoming electric F-150 in a special YAA preview. It turns out that truck fans are REALLY looking forward to the Lightning. The question remains, can Ford make enough of them?

Here’s What Stands Out With the F-150 Lightning:

  • It’s the most powerful F-150 ever
  • You can power tools, other EVs and even your entire home with the truck
  • The Lightning looks normal, but features state-of-the-art technology
  • The front trunk is bigger than most regular trunks
  • Up to 320 miles of range, but mediocre charging speeds

Ford has 200,000 reservations in the books for the F-150 Lightning, so new orders can expect a 2024 delivery. If you’re patient, this just might be worth the wait. 

Here’s everything we know about the Ford F-150 Lightning.

Chevrolet Silverado EV

Silverado EV electric truck
2024 Silverado EV RST

Introduced: Spring 2023

Range: Up to 400 miles (depending on battery size/trim)

Cost to charge 0 – 100% at home: $28

Price: $39,900 – $80,000+

“It’s the direct competitor to the F-150 Lightning, but it will charge a LOT faster.”

When Ford made such a big deal with the unveiling of the F-150 Lightning, we all knew General Motors would be cooking up something special. The Chevrolet Silverado EV was unveiled at last, and the specs and looks have exceeded expectations. Chevy claims it has faster charging, more power, and more range than the Ford. 

It’s a flexible truck too, and one that’s definitely going to see some worksite use. The storage capacity of the 5-foot-11-inch bed can be extended to 9 feet with the ’available’ Multi-Flex Midgate. 

GM says that the new Silverado is basically a rolling generator, if you buy the required accessories. “When combined with the available accessory power bar, the Silverado EV’s PowerBase charging system offers up to 10 outlets, to provide a total of 10.2kW of all-electric power for countless worksite or recreational needs, including powering your home, with the required equipment.” It can even charge other electric vehicles!

Learn more about the Chevrolet Silverado EV in our in-depth analysis. 

Tesla Cybertruck

Tesla Cybertruck

Introduced: 2023

Range: Up to 400 miles

Price: Unavailable

“Did someone make a truck in Minecraft?!”

Ever since Tesla pulled the curtains back in November 2019, the world has divided into two camps: those who adore the Cybertruck’s angular, Mars-ready looks, and those who abhor it. No matter what your opinion is, it’s still just an idea for now. Tesla has repeatedly pushed back its arrival, and now says that 2023 will be the start of production. 

The Cybertruck will have 3,500 pounds of payload capacity, and can tow 14,000 pounds. Those specs are on another level for sure. It’s also a performance-oriented truck, with a 0-60 time of 2.9 seconds. Pricing had previously been announced to start at $40,000 for rear-wheel drive base variants, but that was later removed from the Tesla website. We expect pricing to range from $55,000 to over $80,000, but it’s pure speculation at this point. 

Toyota’s Electric Truck

Toyota electric truck

In late 2021, Toyota teased the above image of an electric truck. It closely resembles an electric Tacoma, which would be a dream come true for many Toyota fans. They haven’t said a word since, but we’ll update you with the latest once we know more. 

Ram 1500 Electric Truck

Ram 1500 electric truck

Stellantis has taken its sweet time getting into EVs. In 2024, the Ram 1500 electric truck will make a debut with a range of up to 500 miles and futuristic design cues. It will be capable of fast-charging, a quick 0-60 time, andthe latest tech from Stellantis.

The electric Ram 1500 will be built on the new STLA platform that is currently in development. More to come. 

GMC Sierra Electric Truck

GMC Sierra electric truck

They say it’s coming, but we don’t know much yet. The electric Sierra will share the same powertrain engineering as the Silverado EV.

“Like the GMC Hummer EV, the electric Sierra will be purposefully built on the Ultium Platform with the premium materials and capability customers have come to expect from GMC trucks,” says GMC. 

Canoo

Canoo electric truck

The Canoo ‘Pickup Truck’ has more in common with the Tesla Cybertruck that one might suspect. It’s weird-looking, has space-age ambitions, and has been repeatedly delayed. Canoo has undergone multiple leadership shakeups, and that has delayed the launch of Canoo’s first products by a few years (and counting). 

The Canoo truck has a targeted payload capacity of 1,800 pounds, a 6’ 8” bed when extended, and about 500 horsepower. At least 200 miles of range are to be expected on a charge. Hopefully it turns out to be at least 250 miles considering the competition. 

As odd and mysterious as the Canoo Pickup Truck is for now, the EV startup already scored a significant contract, at least symbolically. NASA selected Canoo to transport astronauts to the upcoming Artemis spaceships for missions to the moon in 2025.

With a bit of luck, the Canoo truck just might be available to reservation holders in 2023. Learn more about Canoo here. 

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Over-the-Air (OTA) Updates: How Automakers Are Betting on Software to Keep Up With the Pace of Innovation

Over-the-Air (OTA) Updates: How Automakers Are Betting on Software to Keep Up With the Pace of Innovation

2024 Silverado EV
2024 Silverado EV RST

At what point does a car become more of a computer on wheels? Computer integration in the automotive industry is nothing new, however it’s accelerating at breakneck speed. Both software and hardware become outdated in no time at all. Is there a way for car buying habits to steer clear of the two-year replacement cycle that smartphones have fallen into? 

As soon as computers grew wheels (in the form of electric vehicles), forward-thinking automakers launched over-the-air (OTA) update capabilities. Tesla was the first to do it, and now the likes of Ford, GM and Volkswagen are among the legacy OEMs marketing their vehicles as OTA-ready. Although, not all who’ve tried it have succeeded without hiccups. Here’s how OTA updates are changing car ownership, and what’s to come in the years ahead. 

What Is an Over-the-Air (OTA) Update?

EV charging costs

You know when your phone gives you a push notification about scheduling a time to install the latest software updates and bug fixes? Well, cars can do that too now. OTA updates are not just for software fixes. With OTA capability, vehicles can receive enhanced performance and safety improvements via a simple wireless internet connection. 

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OTA updates eliminate the need for making a service center visit for many simple fixes and updates. The updates are sent and downloaded via access to a cloud-based server with a wireless internet connection. Many updates are free of charge, and all safety enhancements are at no cost. However, we are entering a new era where OTA presents a new revenue stream for car makers. Everyone’s getting in on the subscription business, and the auto industry is no different. There are two kinds of OTA updates: those for infotainment, and those for vehicle performance and control. They may target either software or firmware, the latter of which required more advanced security protocols to implement.

Infotainment OTA Updates

Head up display Kia EV6
2022 Kia EV6

Infotainment updates improve the user experience. A classic example is how Volkswagen ID.4 owners are pleading for an improved infotainment performance after the original equipment was delivered with a laggy touchscreen and haptic buttons. Fortunately for ID.4 owners, the car is among VW’s first generation of OTA-capable models, and a fix is on the way. 

Sometimes, OTA revisions cause frustration and even anger from customers. Tesla recently pushed the Version 11 user interface to all of it’s vehicles via over-the-air download. The result was strong critical feedback from customers, most of whom were complaining about the automaker trying to fix something that wasn’t broken.

Vehicle Performance and Control OTA Updates

GM Ultium battery
GM Ultium Battery and Powertrain

How is it that the 2019 Tesla Model 3 has a quicker 0-60 time now than it had when it was delivered to customers? Or how Tesla vehicles can gain or lose access to the controversially-named ‘full self-driving’ based on driver safety scores? With OTA capability, automakers can send everything from a power boost to a pedestrian avoidance feature to cars already in driver’s hands. 

Vehicle performance and control updates can include updates to the vehicle’s powertrain, chassis systems, and advanced driver assistance systems (ADAS). Of course, updates to these critical components of a vehicle are only possible when the components are electronically controlled and operated. For this reason, an older car model can’t be retrofitted to become OTA capable. 

Examples of fixes and improvements automakers have installed via OTA

  • Tesla offers an ‘acceleration boost’ for the popular 2022 Model Y that lowers the 0-60 time from 4.8 to 4.2 seconds
  • Tesla regularly updates the ‘full self-driving’ upgrade, which is currently in beta testing
  • The Cadillac Escalade has received GM’s first big OTA update to improve the SuperCruise hands-free driver assistance (ADAS) technology
  • Ford delayed the release of a major OTA update for the BlueCruise hands-free driver assistance (ADAS) technology 
  • Volkswagen released the first of a series of promised software updates targeted at improving the infotainment experience

Which Automakers Offer OTA Updates?

Tesla was the first automaker to roll out over-the-air capabilities with the launch of the Model S in 2012. After years of skepticism from the competition, here are the other OEMs that have announced or commenced OTA updates in their vehicles:

AutomakerOTA-Upgraded Components
AudiNavigation
BMWInfotainment, optional features
FordADAS, several other components
General MotorsNearly every vehicle component on EVs, major components on combustion vehicles
HondaInfotainment
HyundaiInfotainment, voice assistance
Jaguar/Land RoverInfotainment, charging capabilities
LucidNearly every vehicle component and system
Mercedes-BenzInfotainment, navigation
NissanInfotainment
PolestarNearly every vehicle component and system
PorscheLimited functions
RivianNearly every vehicle component and system
Stellantis (FCA)Infotainment
TeslaNearly every vehicle component and system
ToyotaInfotainment
VolkswagenSeveral vehicle components and systems on EVs
VolvoNearly every vehicle component and system

Are OTA Updates Safe?

2023 Cadillac Lyriq
2023 Cadillac Lyriq

We’re used to having virus protection on our computers. If we don’t, bad guys will find a way to compromise the computer and access personal information. Are the same security and privacy concerns applicable to automotive OTA updates? 

Since OTA updates require a wireless internet connection to install, there are risks for malware and the unintended release of personal information. The best way to protect yourself from these risks is to only accept OTA updates while connected to a secure network, such as the wifi network at your home. Don’t try updating your car at the fast food or coffee shop drive thru!

What’s Next?

EV charging costs
2022 Volkswagen ID.4

Over-the-air updates are about to take the auto industry by storm. Now that major OEMs are proudly marketing their ability to improve the user experience (which itself sounds like they’re selling more of a tech product than a car), a paradigm shift is at hand. Volkswagen Group CEO Herbert Diess recently told The Verge about VW’s plan for a reimagined future where the relationship between the automaker and customers is more intimate and dynamic with the power of OTA updates and new ways of customizing the ownership experience.

Imagine: for a long time, we did not have access to a customer as a company. The customer access was exclusively with our retail network. What we experienced over time was that people walk away from our retail outlets and go to third parties to substitute some of the spare parts or buy new tires. Now, we have a new opportunity to be in direct contact with the customer, which is totally new for us.

New Revenue Streams for Automakers

Not only is the largest automaker in the world committing to OTA capability, the likes of Ford, GM and even tech-cautious Toyota are joining the bandwagon too. Will OTA updates remain a free upgrade for millions of car owners? Unfortunately, that’s already slipping away. Tesla offers acceleration boost upgrades for its popular 2022 Model Y for $2,000, and Toyota recently tried making customers pay for remote start, a feature that is OTA-controlled. 

Even the CEO over at Volkswagen Group acknowledges the new money-making avenues made possible by software updates, telling The Verge that eventually, customers will have to pay for what they want.

We have that revenue in mind for sure as well. Customers will be prepared for some features they didn’t buy at the start, probably after a few years or after a few months — even if they consider taking another option or another software feature, the customers would be prepared to pay a monthly fee or a one-time expenditure.”

YAA’s Take

There are advantages and disadvantages of OTA update capabilities, but it seems that the advantages far outweigh any negatives that may come with this game-changing technology. As Tesla has shown the industry, there’s a future not too far away when most recalls may be fixed via a quick overnight update, and vehicles get better over time, helping them to retain resale value. Nevertheless, we’ll approach this industry change with caution and closely monitor how automakers roll out OTA updates in the months and years ahead. 

Are you ready to treat your vehicle more like a smartphone than a means of transportation? What do you think the outcome of this major industry shift will be for consumers, dealers and automakers? Will dealerships falter without the steady stream of vehicle service that they’re used to? Only time will tell. 

YAA Just Launched a New Search Engine to Make Buying Your Next Car Easier!

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Is This the Beginning of the End for Car Dealerships?

Is This the Beginning of the End for Car Dealerships?

When my dad and I founded YAA in 2019 we knew that the way people bought cars was inevitably going to change. Our best guess was that the hassle of negotiating a car deal would stick around for another 20, maybe 30 years. We hoped that by then the price of a car would simply be the price of a car, and the “grind it out” nature of trying to buy an auto at a fair price would be long forgotten.

Well, I think we may have been wrong.

Over the past week, two memos have been leaked from major domestic automakers. One from Ford, and another from GM (screenshots below). Both of the letters are directed towards their dealer bodies, and they each make it clear: stop screwing around with customers and tarnishing our brand.

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Could the beginning of the end of car dealerships be happening right before our eyes? I think the answer is a resounding “yes”.

Why car dealerships exist

Before we unpack the memos from Ford and GM, let’s take a trip down memory lane. Why do car dealerships even exist?

Reports vary, but the first car dealership was opened in either 1897 or 1898. Automakers of this era leveraged a variety of sales channels to sell their initial vehicles, dealer partners being one of them. These partners were exactly that; partners. Dealers were not owned and operated by the automaker, instead they were independent third party businesses that agreed to abide by rules and regulations put in place by the automaker.

Automakers loved this model. It was (and still is) highly profitable for them. They loved it so much that they lobbied state-by-state to pass “franchise dealer” laws that make it illegal for a vehicle manufacturer to sell directly to a consumer, instead they have to sell through a franchised dealer.

Traditional automakers are great at designing, manufacturing, and distributing their product. They are not interested in day-to-day customer engagement, setting up service appointments, or doing anything beyond building and selling cars to their dealers.

Automakers get paid when they wholesale a vehicle to their dealer partner. Then the dealer has to (no pun intended), deal with the end user. In this way, legacy automakers have been able to separate themselves from the expensive practices of customer engagement and instead pass that along to their dealer partners.

Why do car dealerships exist? Because automakers have been able to generate massive profits from this system. However, after 100+ years, it appears another model may potentially be even more valuable for them.

Sell directly to customers

Tesla notoriously refused to sell their cars through dealer partners. Instead, the upstart EV automaker insisted on having their customers purchase directly from them. This is illegal in many states, however after lobbying for many years, most states now have “carve out” laws that allow EV manufacturers to sell directly to consumers.

Here’s example of that “carve out” language in Connecticut:

Would allow a manufacturer to receive a dealer’s license if it does not have a franchise agreement with a new-car dealer in the state, if it builds only electric vehicles and only sells the vehicles it builds, and if it does not have a controlling ownership link to a manufacturer licensed as a dealer in the state.

Nowadays EV automakers can sell direct to consumer in many states via the internet, and they are just starting to prove how lucrative this business model can be. Tesla, Rivian, and Lucid are shining examples of how valuable direct to consumer sales models can be. Tesla is a $1T+ company, and Rivian, even though they’ve only sold a few hundred vehicles is valued at north of $100B. Ford, GM, and other legacy automakers want to catch up. For perspective, Toyota, the highest valued traditional automaker, is “only” worth $330B.

market cap per car sold

The Ford and GM memos

Within the past week both Ford and GM have sent memos to their dealers that say the exact same thing: don’t tarnish our brand, treat customers well, or lose allocation of inventory from us. These leaked memos represent the first attempt Ford and GM are taking to “stand up” to their dealers.

GM letter to dealers
The memo from GM President Steve Carlisle
ford f-150 lightning memo to dealers
The memo from Ford to their dealers

Both memos reference the dealership’s franchise agreement, and both make it clear that if the dealership does not treat customers in a way that enhances their brand, they will take away allocation of inventory.

Sure, these memos represent the first time we’ve seen automakers stand up to their dealers, and for that reason, we’re excited to see them, however the issue is, if GM or Ford actually tries to enforce their own rules they’ll certainly get taken to court. Why? Because nearly every Ford and GM dealership in the United States breaks their rules, so if they begin to selectively enforce the rules, you can be certain some dealer groups will fight back.

What happens next

While the franchise dealership model has served automakers well for 100+ years, it’s clear as day that a transition away from that model is upon us. This transition won’t happen overnight, and we shouldn’t expect dealerships to simply vanish. Dealerships play a vital role in society, especially when it comes to vehicle repairs and maintenance, however it appears clear that Ford, GM, and many other automakers want to catch up to Tesla’s valuation, and one of the ways they’ll do that is by taking more control of the sales process.

Dealerships aren’t going anywhere anytime soon, but the shift away from the dealer model is happening 20 years earlier than we had imagined. It will be interesting to see how this market evolves, especially as Tesla and other EV startups continue to get praise.

How Much Does It Cost to Charge an Electric Car? Here’s How You Can Save Money Charging an EV

How Much Does It Cost to Charge an Electric Car? Here’s How You Can Save Money Charging an EV

EV charging costs

Update: Every day that we wake up to higher gas prices, the case gets stronger for EV adoption. If only EV prices weren’t sky-high. With gas at $4.50, the average American driver commuting 15,000 miles per year can easily save $150 per month or more by going electric. Check out the details below.

Charging an electric vehicle is a whole new experience, one that brings advantages and disadvantages for drivers. If you’ve been stopping at gas stations for decades, the thought of plugging in and waiting for your car to charge may be a bit too much to swallow. But over 80% of EV charging is done at home, where the cost savings are greatest. Two out of three American drivers are considering going electric for their next vehicle, and billions of dollars are being funneled into EV development and infrastructure. 

EVs have a higher upfront cost than combustion vehicles, so it’s important to find ways of making up for the expense with fuel savings. Unfortunately, not all charging options are affordable. Here’s how you can save money when charging your EV in 2022. 

The Cost of Charging an Electric Car at Home

EV charging costs

When do you usually charge your phone? While you sleep at home? Oddly enough, for most drivers, that’s exactly how their EVs are charged! Data from the US Department of Energy shows that the vast majority of electric vehicle charging is done at home. Whether you plug in to a simple 120 volt outlet in your driveway or have a more powerful 240 volt outlet in your garage, charging at home is usually the most affordable way to power up. 

In the US, the average residential electricity rate is $0.14 per kilowatt-hour, however rates vary widely from one state to another. In Hawaii, the average rate is a whopping $0.34 per kWh, while it’s between $0.10 and $0.14 per kWh in more affordable energy states like Washington and Texas.

What does that all mean? Say you have a level 2 charger capable of filling up your battery from empty in about 7 hours. Plug in every evening, and wake up with a full battery every morning. What did that full ‘tank’ of electrons cost? Let’s consider a real-world example. The 2022 Tesla Model 3 has a 82 kWh battery, so at average American residential rates, at home charging a Tesla Model 3 at home costs just $11.48 for a full charge. That’s enough electrons for 358 miles of driving. 

What about if the same Model 3 owner lived in California instead? At typical California residential electricity rates, the same charge would cost $18.04. Considering that a tank of gas costs over $75 today, the savings add up. But clearly, it depends on the rates you pay for power and miles driven per year to maximize savings. If you’d like to know more about average residential electricity rates in each state, you can find that information here

Here’s How Much a Typical EV Driver Spends on Charging at Home in Every State

Note: this includes business and commercial rates. The average residential rate is $0.14 per kilowatt-hour.

Here’s how much EV drivers from each state can expect to pay for a full charge. The examples below specifically reflect an EV with an 82 kWh battery, such as a Tesla Model 3 or Model Y. My own Hyundai IONIQ 5 has a 72.5 kWh battery.

The stark difference between home charging and public fast charging highlights the fact that going electric likely only brings savings when most charging is done at home. 

StateResidential Electricity Rate ($ per kWh)Cost of Charging to 100% at Home (82 kWh battery)EV Fuel Savings Compared to Filling an 18 Gallon Tank at $4.50/GalAnnual Savings: 15,000 miles/year, 25 MPG versus 300 miles on a charge
Alabama$0.14$11.48$69.52$2,126
Alaska$0.23$18.86$62.14$1,757
Arizona$0.13$10.66$70.34$2,167
Arkansas$0.11$9.02$71.98$2,249
California$0.22$18.04$62.96$1,798
Colorado$0.14$11.48$69.52$2,126
Connecticut$0.23$18.86$62.14$1,757
Delaware$0.14$11.48$69.52$2,126
DC$0.14$11.48$69.52$2,126
Florida$0.12$9.84$71.16$2,208
Georgia$0.13$10.66$70.34$2,167
Hawaii$0.34$27.88$53.12$1,306
Idaho$0.11$9.02$71.98$2,249
Illinois$0.14$11.48$69.52$2,126
Indiana$0.14$11.48$69.52$2,126
Iowa$0.13$10.66$70.34$2,167
Kansas$0.13$10.66$70.34$2,167
Kentucky$0.12$9.84$71.16$2,208
Louisiana$0.12$9.84$71.16$2,208
Maine$0.18$14.76$66.24$1,962
Maryland$0.14$11.48$69.52$2,126
Massachusetts$0.23$18.86$62.14$1,757
Michigan$0.18$14.76$66.24$1,962
Minnesota$0.14$11.48$69.52$2,126
Mississippi$0.12$9.84$71.16$2,208
Missouri$0.11$9.02$71.98$2,249
Montana$0.12$9.84$71.16$2,208
Nebraska$0.11$9.02$71.98$2,249
Nevada$0.13$10.66$70.34$2,167
New Hampshire$0.21$17.22$63.78$1,839
New Jersey$0.16$13.12$67.88$2,044
New Mexico$0.14$11.48$69.52$2,126
New York$0.21$17.22$63.78$1,839
North Carolina$0.12$9.84$71.16$2,208
North Dakota$0.12$9.84$71.16$2,208
Ohio$0.13$10.66$70.34$2,167
Oklahoma$0.13$10.66$70.34$2,167
Oregon$0.12$9.84$71.16$2,208
Pennsylvania$0.15$12.30$68.70$2,085
Rhode Island$0.22$18.04$62.96$1,798
South Carolina$0.14$11.48$69.52$2,126
South Dakota$0.13$10.66$70.34$2,167
Tennessee$0.12$9.84$71.16$2,208
Texas$0.13$10.66$70.34$2,167
Utah$0.11$9.02$71.98$2,249
Vermont$0.21$17.22$63.78$1,839
Virginia$0.13$10.66$70.34$2,167
Washington$0.11$9.02$71.98$2,249
West Virginia$0.14$11.48$69.52$2,126
Wisconsin$0.15$12.30$68.70$2,085
Wyoming$0.12$9.84$71.16$2,208

The Hidden Costs of Charging an Electric Car

EV charging costs

If you already have a 240 volt dryer outlet within reach, you’re all set for just about any scenario. If you don’t, you’re left with two options. If you drive less than 40 miles on most days and live within a reasonable distance of a public charger (in case you need it), you will save the most money by using the so-called ‘trickle charge’ supplied by the charger included with the car. You simply plug into a standard three-prong 120 volt wall outlet. This is called level 1 charging.

Depending on the vehicle, trickle charging typically adds 3-4 miles of charge per hour to the battery, or about 40 miles per night if you leave your car plugged in. So, how much does it cost to charge an electric car? If the above scenario describes your driving habits, you’ll just pay the same residential electricity rates that your pay to power your home.

If that’s not quite enough recharge for your daily needs, you’ll either need to make weekly visits to public fast chargers, or spend anywhere from $800 – $2000 on installation of a level 2 charger. Level 2 chargers supply more power in less time. They plug into a 240 volt outlet, the exact same kind that is used for dryers, ovens and other large appliances at home. 

If you already have a conveniently located dryer outlet within reach of where you park the car, you can purchase a power splitter for as little as $300. Splitters send charge to the home appliance (such as a dryer) when needed, and then divert power to charging the car when the appliance is not in use. This saves A LOT of money versus getting electrical work done!

Do I need to install a charger?

In summary, if you drive less than 40 miles a day, it usually makes the most sense to avoid the costly level 2 charger and stick with a regular wall outlet. If you drive significantly more, consider installing a level 2 charger or simply topping off your battery once or twice a week at a local public fast charger to avoid the expense of electrical work. 

How Much Does Public Fast Charging Cost?

Tesla supercharger

First, there’s one thing we need to make clear. Electric vehicles are not meant to be charged at public DC (direct current) fast chargers every time a charge is needed. It stresses the battery, and it costs a lot more than charging at home. For instance, fast chargers can charge a Model 3 from 10-80% in less than 20 minutes. That much energy transfer puts wear on the vehicle’s battery management system. Fast charging is great for road trips or when you’re in a pinch, but that’s all they’re meant for. 

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Tesla Superchargers

How much can you expect to pay for charging at a public DC fast charging station? Let’s consider the two largest charging networks in the nation: Tesla Superchargers and Electrify America.

As of early 2022, most Tesla Superchargers charge $0.28 per kWh of electricity. For a 2022 Tesla Model Y with a 82 kWh battery pack, that adds up to a cost of $22.96 to go 330 miles on a charge. Some Superchargers have variable pricing dependent on demand charges, as noted on Tesla’s Supercharging support page. “Certain Supercharger stations offer on-peak and off-peak rates. The rates and peak times are both displayed in the navigation application on the touchscreen.”

Depending on state and local regulations, some Tesla Superchargers charge per minute, rather than per kilowatt-hour of electricity. Tesla recently updated the rate structure for their per-minute Superchargers. With Tesla’s plug-and-charge, customers simply plug in the vehicle and the charger communicates with the car, begins charging and bills the customer’s Tesla account. 

Here’s how the updated rate structure is tiered in 2022:

Tesla Supercharger

Source: Tesla 

Electrify America

ev charging station

Over at Electrify America, customers can either pay $0.43 per kWh of electricity, or become a Pass+ member for just $4/month and charge at $0.31 per kWh. Having such an affordable membership plan is an interesting approach. That is to say, it almost seems like Electrify America is aiming to become a subscription that everyone with an EV will buy into for a sense of range security, even if they rarely use the network. Down the road, I’m sure prices will go up.

For a Ford Mustang Mach-E, filling up the 98 kWh battery from empty will cost $30.38 with the Pass+ membership. However, the cost jumps to $42.14 without it. Clearly, the fuel savings we often associate with going electric evaporate if charging costs are too high.

Cost of Charging to 100% at a Tesla SuperchargerCost of Charging to 100% at Electrify America as a MemberCost of Charging to 100% at Electrify America as a GuestCost of Filling up an 18 Gallon Tank of Gas at $3.25/Gallon
$22.96$25.42$35.26$58.50

Some Drivers Don’t Spend a Dime on Charging

EV charging costs

If you know someone who pulls up to Tesla Superchargers in their 2014 Model S and leaves without paying a dime, don’t expect the same perks when shopping for a 2022 Tesla. Early adopters received free supercharging ‘for life’, and there are plenty of Tesla owners out there who keep driving their high-mileage, slow-charging old Model S just for the free charging incentive. 

If you’re hoping to score free charging with any of the 2022 EV models, I’ve got good news for you. Many 2022 models come with free charging at Electrify America charging stations. These new EVs all come with a free charging incentive for a limited time:

  • Audi e-tron (250kWh at Electrify America, or about 1,000 miles of driving)
  • Audi Q4 e-tron (250kWh at Electrify America, or about 1,000 miles of driving)
  • Ford Mustang Mach-E (250kWh at Electrify America, or about 1,000 miles of driving)
  • Hyundai IONIQ EV (250kWh at Electrify America, or about 1,000 miles of driving)
  • Hyundai IONIQ 5 (2 years of free charging at Electrify America, 30 minutes per session)
  • Hyundai Kona EV (250kWh at Electrify America, or about 1,000 miles of driving)
  • Lucid Air (3 years of free charging at Electrify America)
  • Mercedes EQS (2 years of free charging at Electrify America, 30 minutes per session)
  • Polestar 2 (2 years of free charging at Electrify America, 30 minutes per session)
  • Porsche Taycan (3 years of free charging at Electrify America, 30 minutes per session)
  • Rivian R1T and R1S (12 months of free charging at Rivian’s Adventure Network and Waypoint chargers; continued free charging with Rivian membership subscription)
  • Volkswagen ID.4 (3 years of free charging at Electrify America, 30 minutes per session)

Some employers, especially large corporations and tech companies, offer free charging for EVs at dedicated parking spots. However, if your employer doesn’t offer charging, maybe you can be the one to spark the idea and help make it happen. 

Ever thought of installing solar panels on your roof? 

Prices have plummeted in recent years, and having an EV is yet another incentive to go solar. Most utility customers can participate in a net metering program that compensates homeowners for unused solar electricity contributed to the grid. If the sun is shining bright while you’re away at work, you still receive bill credits for the unused power your panels generated. The utility bill credits you’ll receive may cover the entire cost of charging your car. That’s 100% clean, free power for both your home and transportation!

YAA’s Take on the Future of EV Charging 

How much does it cost to charge an electric car? As you can see, it depends on utility rates, incentives and if you charge at home or at public fast chargers. Fuel savings is one of the greatest benefits of switching from a combustion vehicle to an electric vehicle. As your consumer advocate, we want to make it clear that EVs don’t always save money. However, for the vast majority of American drivers, affordable electricity rates mean that at least $1,000 could be saved each year by going electric. And that doesn’t include the lower maintenance costs that most EVs have. For those who are fortunate to have a place to plug in at home or work, switching to an electric vehicle is a no-brainer. 

Have any questions or comments? How are you feeling about the electrification of the auto industry? Let us know in the comments below, or check out the YAA Community forum at joinyaa.com. You can also reach out to me at justin@joinyaa.com.

Every Electric Vehicle On Sale in 2022: Wait Times and Price

Every Electric Vehicle On Sale in 2022: Wait Times and Price

Hyundai IONIQ 5

(Updated for Summer 2022)

As anyone who’s fallen head over heels for one of the many 2022 electric vehicles and clicked that ‘Order’ button can attest, just because you can order an EV in 2022 doesn’t mean you can drive it home this year. This was a problem I faced myself, but I finally broke the code and got a Hyundai IONIQ 5 at MSRP (here’s how).

Soon after I began my online car search, it became clear that if I wanted a brand-new vehicle, my options were limited by availability. To make the most of the situation, I thought I’d share what I’ve learned about the availability and estimated delivery times for EVs on the market today. Here’s what we know as we kick off the new year.

Note: These are fully-electric models that can either be ordered now or purchased at a dealership today. Many more have been announced but are not yet officially available.

MakeModelClassStarting MSRPEstimated Delivery/Lot Availability*
Audie-troncrossover SUV$65,900Available Now
AudiQ4 e-troncrossover SUV$43,900Available Now
AudiRS e-tron GTsedan$103,445Available Now
BMWiXSUV$88,050Mid-2022
BMWi4sedan$55,400Mid-2022
CadillacLyriqSUV$62,990Late-2022
ChevroletBolthatchback$31,000Available Now
ChevroletBolt EUVcrossover SUV$33,500Available Now
FiskerOceancrossover SUV$37,4992023
FordMustang Mach-Ecrossover SUV$43,895Available Now
FordF-150 Lightningtruck$39,9742023-2024
GMCHummer EVtruck$99,995Mid-to-late 2022
HyundaiIONIQcrossover SUV$33,245Available Now (Discontinued)
HyundaiIONIQ 5crossover SUV$43,650Available Now
HyundaiKonacrossover SUV$34,000Available Now
JaguarI-Pacecrossover SUV$69,900Available Now
KiaNirocrossover SUV$39,990Available Now
KiaEV6crossover SUV$42,115Available Now
LucidAirsedan$77,400Mid-2022
MazdaMX-30crossover SUV$33,4702022 - CA Only
MercedesEQSsedan$102,310Available Now
MercedesEQBSUV~$55,000Late 2022
NissanLeafhatchback$27,400Available Now
NissanAriyacrossover SUV$47,125Late 2022
PolestarPolestar 2sedan$45,900Available Now
PorscheTaycansedan$82,700Available Now
RivianR1Ttruck$67,5002023
RivianR1SSUV$70,0002023
SubaruSolterracrossover SUV$46,220Mid-to-late 2022
TeslaModel Ssedan$94,990Late 2022 - 2023
TeslaModel 3sedan$46,990Mid-to-late 2022
TeslaModel XSUV$104,9902023
TeslaModel Ycrossover SUV$62,990Late 2022 - 2023
ToyotabZ4Xcrossover SUV$43,215Mid-to-late 2022
VolkswagenID.4crossover SUV$40,760Mid-2022
VolvoXC40 Rechargecrossover SUV$55,300Available Now
*For a vehicle ordered in May 2022, unless there's existing dealership supply.
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What Does It All Mean? Supply and Demand Are Out of Whack

A few things might stand out to you on this list. Not a lot of options are available if you need a new vehicle right now. VW Group’s new EVs are available at many dealerships, although there are reports of major dealer markups. It’s quite easy to find EVs of the previous generation on dealer lots. Think Kia eNiro, Hyundai Kona EV, Nissan Leaf and the like. 

The vast majority of 2022 electric vehicles are crossovers. No surprise there given the sales trends over the past decade. Honda doesn’t have a single EV arriving in the North American market until the 2024 Prologue electric SUV. That is surprising considering the popularity and good reputation of the brand. What will it take for automakers to catch up to demand? An end to the chip shortage would be a great step in the right direction. There’s also the supply versus demand factor. Ford, Rivian, Tesla and VW are all swamped with orders well into 2022, and even into 2023. All except Tesla are EV newcomers who are facing the same production ramp-up struggles that Tesla just barely survived a few years ago. We’ll update this page regularly as more information becomes available, so save it to your bookmarks!

Did we miss anything? Let us know in the comments below, or shoot an email to justin@joinyaa.com.