7,000-Mile Dodge Charger EV Lost $50,000 in Value After Just One Year.

This is what I have found with my leased Charger 24 Scat pack:

My level 2 Charger plugs into my 50 amp welder outlet.

Charging at home with a level 2 charger, it costs about 5 cents a mile.

For comparison, my Dodge minivan at 20 mpg and $3 a gallon gas cost about 15 cents a mile. $4 a gallon gas is about 20 cents a mile.

If you charge on the road, it is much more expensive.

I went on a 300 mile round trip. Charged halfway. Cost $35. At $3 a gallon, it would have cost $23 in my minivan. At $4 a gallon, $30.

The moral to the story:

If you can charge at home, driving an EV is dirt cheap.

If you charge on the road, driving an EV is roughly equivalent to $5 a gallon gas.

None of this factors in the cost of the cars.

But, my minivan won’t run 11.5 in the quarter, or make you dizzy when you floor it.