It can be hard to calculate just how much money you save by switching to an electric car because many of those savings can end up hidden. There’s the obvious benefit that EVs tend to require far less maintenance than their gas-powered counterparts. Some of the biggest savings come from cheaper “fuel”, but that gets mixed up with the rest of your electric bill.

Unless you’re willing to do some math it’s difficult to get a sense of just how much you are paying to drive your EV. Your energy usage can vary greatly from month-to-month, so at best you can only estimate how much power your EV is pulling. But Siemens is testing out a solution, the Meter Integrated Charger, or MIC.

The MICs are currently being tested out in New York, with the hope of making drivers more aware of just how much money they are saving. With this technology, you’ll be able to see exactly how much you’re spending to “fuel up” on your power bill.

The goal here is not rationing electrons. While this could help drivers become more aware of their charging habits, choosing to charge in off-peak times for savings, the primary goal seems to be driving EV adoption.

Siemens is working to promote EV adoption with our full range of charging equipment and solutions, and this could be a game-changer for EV drivers in understanding their fuel savings when they switch to EVs.

John DeBoer, head of Siemens eMobility solutions and Future Grid Business in North America

They don’t want you to stop driving to conserve power. They want to show you just how much money you are saving by driving an EV. They want to prove how little power is required to run an EV, and they want you to tell your friends. Word of mouth has been a powerful force behind the success of Tesla. And something like the MIC could make that force even stronger in pushing EVs forward.

We hope you enjoyed reading! Let us know your thoughts in the comments down below. And make sure to follow our social media up top for all the latest electric vehicle news!

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