Stable Insights

EV Charging Pricing Trends

Explore high-quality data on national EV charging station pricing

EV Charging Station Pricing

Overview

Stable Auto has played a pivotal role in evaluating and siting over 16,000 EV charging stations throughout the United States. Through this experience, it’s evident that the pricing strategies of EV charging stations significantly influences both the economic sustainability of stations and the satisfaction of EV drivers.

With the anticipated growth in EV ownership, the demand for public charging facilities is set to rise sharply, partly due to limitations of home charging solutions. To prepare for this growth, it’s important that EV charging station owners and operators adopt strategic pricing that not only ensures the viability of the EV charging industry, but also meets the diverse needs of consumers.

In an effort to shed light on the current state of pricing within the DC fast charging (DCFC) landscape, Stable Auto conducted a comprehensive analysis of the average costs associated with EV charging across the nation, drawing on data from thousands of Level 3 (L3) charging stations under its purview.

Average DCFC charging prices by state (Q1 '24)

The average estimated $/kWh cost for Level 3 (DCFC) charged by stations tracked by Stable Auto

Highlights (Q1 '24)

  • While the majority of charging for most EV drivers happens at home, drivers charging at public DCFCs will pay very different prices depending on where they’re plugging in.
  • Unlike gas prices, which can vary substantially by state, average charging prices are relatively consistent across states with most states averaging between $0.41 and $0.50 per kWh.
  • The exception is the upper midwest, and a few states in the south and south east, that see lower average costs of charging.
  • Average prices increased 3.1% from January to March, with limited movement in either direction.

State-by-state view

Last updated May 9, 2024