One Ford F-150 Lightning driver said the truck's power costs over one year matched what gasoline used to cost for just one month.
Replies to the post on the r/F150Lightning subreddit showed that many electric vehicle owners have reaped similar savings.
Here's what to know
"Had my home charger installed almost one year ago exactly. Roughly 9k miles of usage in that time, only ever fast-charged 1x since then," the original poster said, sharing an image of their charging costs. "Coming from the Raptor I owned previously to this, $450 was my monthly gas bill, and I've stretched that into a full year's worth of driving."
Commenters shared their own experiences and noted that outcomes depend heavily on utility prices. "My monthly bill went up by roughly the cost to fill up the Prius I had before my Lightning…and I'd fill up twice a month," one wrote.
Others said their savings were not nearly as dramatic.
"Unfortunately where I live in Massachusetts that would be $1,500 for me and my electric rates," someone else said. "But still cheaper than gas for an F-150."
For drivers hoping to cut charging costs, going solar is one of the best ways to save money on home energy. Homeowners can use EnergySage to get free solar installation estimates and compare quotes.
More background
"About 40 miles round trip cost me $0.97. In my previous ICE Ram, $8 with gas at $4 a gallon. Now....." another user explained.
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One person said they averaged 2,200 miles per month after installing a charger in mid-April, while another said their costs were $85.76 per month.
Someone else noted they paid 2.8 cents per kilowatt-hour for six months and 3.8 cents after that. A payout from a Canadian carbon credit program led them to conclude, "I've made money charging."
What can be done?
The discussion also touched on ways to monitor charging, with one commenter saying an Emporia energy monitor system could track the usage of any charger. The consensus was that EV drivers save big.
"Electric haters are out there; they aren't very bright," one user wrote.
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💡Go deep on the latest news and trends shaping the residential solar landscape
Solar energy at a good price can make the math even more favorable. With EnergySage's help, the average person can save up to $10,000 on a solar purchase and installation.
EnergySage's solar map shows the average cost of a home solar panel system by state as well as details on solar panel incentives in each state. Together, those resources can help homeowners get the best price for rooftop solar panels and access available incentives.
Adding battery storage to a solar setup is one of the best ways to protect your home during outages, save money on energy, and go off-grid. Homeowners who want to pair backup power with a home charger can explore EnergySage for information about home battery storage options, including competitive installation estimates.
Where can I learn more?
How EV charging and ownership costs compare with those of gas vehicles is a common area of observation and study.
• Across the U.S., drivers found home EV charging costs 5 to 6 cents per mile.
• In the Bay Area, one motorist found their EV cost 7.9 times less than a gas vehicle.
• For many households, the cost benefits of owning an EV extend far beyond fuel.
• After 10 years driving, owners found maintaining an EV costs far less than it does for a gas vehicle.
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