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Electric Charging – $1 per hour

The electric vehicle charging industry may charge $1/hour for charging EVs. Industry experts think $1 is fair and affordable. A $2 dollar rate was talked about but there was fear that EV owners would feel gouged. However, even at $1/hr charging companies are still making a considerable margin. The average EV uses just over 3kwh per hour while charging, which comes to roughly $0.40-$0.50/hour (cost for the electricity). Not a bad profit.

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