EV News: The EV chargers and their charges plus what if you charge it at home

EV News: The EV chargers and their charges plus what if you charge it at home

Actually, an EV is more expensive than a typical car is we look at purchase price comparison on a similar sized model. Plus by the 8th year, your petrol engine car can still fetch at least 30 percent of the car price but your EV will fully depend on the battery condition because not many are willing to buy an EV and having to buy a new battery too.

Running cost wise, it will make sense when the petrol price really goes up a lot from the current RM2.05 per litre which is also the reason why so many foreigners love to pump our petrol and not the RON97 which they are entitled to which is already cheaper than their own country! Okay, if we buy an EV and we charge the car, how much would it cost us? Here are some information I found online.

Choices aplenty but the more the merrier please

#1 – “Tesla Superchargers are currently priced at RM1.25 per kWh” Source: https://soyacincau.com/2024/07/22/tesla-malaysia-one-year-anniversary-stats/

#2 – Gentari’s charges.

AC 7kW – RM0.90/kWh

AC 11kW/22kW – RM1.05/kWh

DC up to 30kW – RM1.30/kWh

DC 50kW-180kW – RM1.50/kWh Info source: https://paultan.org/2024/07/02/gentari-switches-to-per-kwh-ev-charger-pricing-from-rm1-30-per-kwh-for-dc-90-sen-per-kwh-for-ac/

#3 – Shell’s charges

At the time of writing, the charging rates at five EV charging locations at Shell stations have migrated from RM4.00 per minute to RM2.20 per kWh. Info source: https://soyacincau.com/2023/12/19/shell-recharge-malaysia-parkeasy-dc-charger-new-rates-north-south-expressway/

#3 McDonald’s JomCharge

EV owners can now utilise the newly launched chargers at McDonald’s DT Pantai Sentral Park and Setia Alam for RM1 per kWh Info Source: https://soyacincau.com/2024/03/28/jomcharge-mcdonalds-ev-chargers-promo-price/

#4 Schneider Electric Malaysia

Pricing is RM1.60 per kWh for DC charging, and RM1.00 per kWh for AC charging. The idle fee for these charging bays is RM10 for every 30 minutes. Info Source: https://paultan.org/2024/04/30/schneider-electric-malaysia-launches-public-ev-chargers-in-pj-22-kw-ac-180-kw-dc-rm1-1-60-kwh/

#5 Time Charge N Go

According to its user guide, it costs RM1 per kWh to utilise TCNG chargers. The charging fee can be reduced to RM0.75 per kWh if you sign up for their annual subscription plan which costs RM400. Info Source: https://soyacincau.com/2024/04/15/time-charge-n-go-location-price/

#6 DC Handal

As shown on the display, the DC charger costs RM1.50 per kWh which is the same price as Gentari’s Kempower DC chargers at Bangi Golf Club. Info Source: https://soyacincau.com/2023/09/20/dc-handal-ev-charger-bamboo-hills-choo-plaza-kwh-pricing-revealed/

How do I know what’s the total charge for my EV?

If your EV is 50kWh, you use this to x the cost per kWh above. So, if it’s RM1.50 per kWh, then it’s 50 x 1.50 = RM75. Usually a 50kWh battery should be able to last around 350km. So, the cost per km is roughly 21 sen per km. Actually not that cheap in comparison to the typical cost per km for a petrol car but that’s because the price of petrol is still subsidised currently.

Just be aware that there is this prediction about petrol price: Oil Price would reach US$100 per barrel in 2024

What if I charge my EV at home? Will TNB charges be very high?

The answer is briefly, No. Plus we can just leave it overnight while we sleep and it will be ready the next day in the morning.

However… if we charge our car every week, then of course your rate will keep moving higher because TNB’s tariff is based on how much electricity we use. The more the higher it goes. The highest is currently 57.1 sen / kWH and this is still much lower than the charging stations but at home, the charging time is likely to be far longer.

So owning an EV is really all about preference, not about which is cheaper to run

My good friend who drove those old Volvo models used to tell me this a long time ago, maybe 20 years ago. He said, this Volvo drinks so much fuel that I think every time I step on the accelerator, 20 sen is gone! Haha. I do think he was joking but you do get the meaning and he loves his Volvo. So, go back to preference when it comes to an EV and stop looking at just the cost of driving every km. It may not make any financial sense currently. I also think it may not make a lot of financial sense for a few more years at least. Basic idea is that the EV battery must be cheap enough that replacing it after 8-10 years does not cost an arm or a leg. OR… the EV battery can provide warranty of 20 years instead of the 8 years currently.

I do not have any EV choice in mind yet but even if I buy an EV in the future, I will still maintain at least one petrol car at home too. Haha. Just me maybe.

Happy choosing.

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