3 ms·
They don’t give specific numbers, but I took the state with the 10th cheapest gas (SC, $3.50) and 10th most expensive electricity (VT, $0.21/kWh), and compared
by Johnny555 3y ago
They don’t give specific numbers, but I took the state with the 10th cheapest gas (SC, $3.50) and 10th most expensive electricity (VT, $0.21/kWh), and compared expenses for a small SUV (Hyundai Kona EV(27kwh/100mi) and Kona ICE (3.1 gal/100mi))
12000 miles would cost $720/yr in the EV and $1300/yr for the ICE car.
I’m not sure how they determined costs for a charger (an EVSE to be pedantic), a 20A level 2 charger can be found for under $400, which would add less than $100/year over 5 years, the wiring to install the charger may cost significantly more, but since it’s a durable addition to your house, it should be amortized over a much longer timeframe, $3000 over 30 years is around $200/year.
I think that for most people that can charge at home, the EV is going to be cheaper to fuel, but that depends on EV rates, gas prices and registration fees(but even Texas’s $200/year fee would still leave this Hyundai EV being cheaper). I also excluded oil changes, for 12000 miles, my ICE car would need around 1.5 oil changes/year at $60/each. And of,course, like this report, I ignored the cost difference between the EV and the ICE car, which in this case is around $10,000 ignoring tax breaks.
In my case, my EV charge station cost nothing because I use the level 1 10A charger that came with the car and plug it into a normal wall outlet and it more than keeps up with my commute. (And I live in a state with $5 gas and $0.13 electricity, so it makes the EV even cheaper to operate)
https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a https://www.eia.gov/electricity/monthly/epm_table_grapher.ph...
https://www.gasbuddy.com/usa https://www.gasbuddy.com/usa
https://fueleconomy.gov/feg/Find.do?action=sbs&id=46000&id=45375 https://fueleconomy.gov/feg/Find.do?action=sbs&id=46000&id=4...
- oceanplexian 3y agoThat electric price is far from accurate. $.21/kWh is what the average person is paying to power a few light bulbs and occasionally run the oven. Not use an EV that will triple or quadruple the electric usage and be charged at a much higher rate.
- Johnny555 3y agoGreen mountain power covers most of the state (by area, if not by population) and their tariff sheet says says they charge $0.18kWh up to 7600 kWh/month (after that you have to move to time of day rates). If you use a smart charger that can turn itself off during peak demand periods they have an off peak demand EV rate of $0.14/kWh, or if you can charge off peak (outside of 1pm to 9pm) for $0.137/kWh https://greenmountainpower.com/rates/ https://greenmountainpower.com/rates/