Beyond the environmental benefits and the quieter, smoother rides, one of the biggest advantages of driving an EV is the potential savings on fuel. But how much will it actually cost you to charge your EV in Hamilton, Ontario? The answer isn’t as straightforward as you might think, but getting a clear picture is essential for any current or prospective EV owner.
Whether you’re charging at home, on the go, or taking advantage of workplace charging, understanding the real costs can help you make the most of your EV investment. With a variety of options available—from home charging stations to public fast chargers—it’s easier than ever to keep your vehicle powered up. But with different pricing models and rates, it’s essential to know where and when to charge to get the best bang for your buck.
Electricity Rates in Hamilton
Electricity costs are one of the biggest factors in determining how much you’ll spend on charging your EV. In Hamilton, these rates are set by the Ontario Energy Board (OEB) and can vary depending on the time of day. Most residential customers are on a Time-of-Use (TOU) pricing plan, which divides the day into three different price periods:
- Off-Peak: 8.7 cents per kWh
- Mid-Peak: 12.2 cents per kWh
- On-Peak: 18.2 cents per kWh
It is important to note that the TOU price period changes twice a year: in summer (May 1 to October 31) and in winter (November 1 to April 30).
Charging at home during off-peak hours is the most economical choice for most EV owners. For example, if your EV has a 60 kWh battery and you’re charging it from 20% to 100%, you’d need 48 kWh of electricity. Charging at the off-peak rate would cost you about $4.17.
Public Charging Stations: Where Convenience Meets Cost
Free public charging stations are a key part of the EV infrastructure in Hamilton by providing options for when you’re on the go. Costs at these stations can vary widely depending on the type of charger and the network.
One prominent option is the Ontario Charging Network LP at Canadian Tire in Hamilton, which offers Level 3 Electrify Canada chargers. This station is located at 80 Main Street West and is accessible 24 hours a day, making it a convenient option for those who need a quick charge.
Below is the pricing for CHADEMO (375 A, 150 kW) and J1772COMBO (375 A, 150 kW):
- Guest and Pass Members: $0.27 per minute for 1-90kW, $0.57 per minute for 1-350kW.
- Pass+ Members: $0.21 per minute for 1-90kW, $0.44 per minute for 1-350kW, with a $4.00 monthly fee.
- Once charging stops, a $0.40 per minute fee applies after a 10-minute grace period.
Another popular location is Flo Charging Station at IBEW Local 105. It offers Level 2 charging with the following details:
- J1772 (30 A, 6.2 kW):
- Cost: $1.50 per hour.
- Time not charging: $1.50 per hour.
For Tesla owners, the Tesla Supercharger station at 999 Upper Wentworth Street offers 20 charging ports, all operating at 375 A and 150 kW. Pricing for these Superchargers varies and should be checked through the Tesla app for the most current rates.
Other locations and pricing can be found on the ChargeHub website.
The Case for Home Charging: Convenience and Cost Savings
Charging at home is not only convenient but also typically the most cost-effective way to keep your EV ready for the road. By charging during off-peak hours, you can minimize your electricity costs significantly.
For instance, a daily commute of around 50 km would require about 10 kWh of electricity. Charging during off-peak times at 8.7 cents per kWh would cost approximately $0.87 per day or around $26.10 per month.
Tiered Pricing Option
Some customers might opt for tiered pricing instead of TOU. With tiered pricing, you pay a fixed rate up to a certain threshold—600 kWh in summer or 1,000 kWh in winter. Once you exceed this limit, a higher rate applies. For most EV owners, TOU pricing is generally more economical, especially if you can charge during off-peak hours
Seasonal Considerations: Winter Charging in Hamilton
EV efficiency can vary with the seasons, particularly during Hamilton’s cold winters. Lower temperatures can reduce your battery’s efficiency, meaning you might need to charge more frequently in the winter months. This could lead to higher electricity costs during this season, but even with these fluctuations, EVs remain a more cost-effective choice than gasoline-powered vehicles.
Incentives and Rebates: Maximizing Your Savings
To encourage the adoption of electric vehicles, the Government of Ontario offers various incentives. For example, you can receive rebates for installing a Level 2 home charging station, covering up to $1,000 of the purchase and installation costs. This can help offset the initial setup costs and make installing a home EV charging station even more affordable.
Charging at Work and Public Locations: Additional Savings
If your employer offers EV charging at work, you can further reduce your home electricity usage. Many workplaces in Hamilton are beginning to install charging stations as part of their sustainability initiatives. Some employers provide free or subsidized charging for their employees, which can significantly lower your overall costs.
Many retail centers, hotels, and restaurants in Hamilton also offer EV charging stations as a convenience for their customers. Some of these locations may charge a fee, but others offer free charging as an incentive to attract eco-conscious customers.
Making the Most of EV Charging in Hamilton
Charging your EV in Hamilton, Ontario, can be both cost-effective and convenient, especially when compared to the cost of gasoline. By understanding the various charging options available—from home charging to public stations—you can make informed decisions that maximize your savings.
With new charging stations like those provided by Eccles Auto Service and affordable public charging options such as the ones at Canadian Tire, keeping your EV powered up is easier than ever. By taking advantage of these resources, you can ensure that your electric vehicle remains an economical and sustainable choice for your daily transportation needs.
If you’re ready to set up your home EV charging station or need any electrical work done, contact ElectricSafe. Our professional team of licensed electricians is ready to assist with all your home electrical needs, ensuring your setup is safe, reliable, and ready for your EV. For more information or to schedule a free quote, call (647) 559-9382.
