Greetings!
I live in Chicago and have been driving a 2021 M3 Long Range since beginning of last June. I am part of a 6 unit condo association and had the NEMA 30amp outlet installed, utilizing the association's common electricity panel, since using my personal unit's source was not logistically possible. Based upon the (somewhat limited) research I did before purchasing, I have been paying my association an extra $30/month in assessments to cover the estimated increase in common electrical costs. Since June, I've driven it a little over 9K miles, with probably a little closer to 8K of those miles directly related to home charging. Our treasurer just did a month by month analysis of our association's common electrical bills, pre vs. post EV charging. Per his analysis (he's an engineer...), the monthly increase in billing directly related to EV charging was between $60 and $107 (MUCH higher than $30/mo) for the months that I was consistently charging at home.
I'm not great at figuring this stuff out, but wondering if anyone can chime in if this seems like a reasonable increase in electrical costs, with all else being more or less equal?
I live in Chicago and have been driving a 2021 M3 Long Range since beginning of last June. I am part of a 6 unit condo association and had the NEMA 30amp outlet installed, utilizing the association's common electricity panel, since using my personal unit's source was not logistically possible. Based upon the (somewhat limited) research I did before purchasing, I have been paying my association an extra $30/month in assessments to cover the estimated increase in common electrical costs. Since June, I've driven it a little over 9K miles, with probably a little closer to 8K of those miles directly related to home charging. Our treasurer just did a month by month analysis of our association's common electrical bills, pre vs. post EV charging. Per his analysis (he's an engineer...), the monthly increase in billing directly related to EV charging was between $60 and $107 (MUCH higher than $30/mo) for the months that I was consistently charging at home.
I'm not great at figuring this stuff out, but wondering if anyone can chime in if this seems like a reasonable increase in electrical costs, with all else being more or less equal?