How much are you really saving

[YFD_233]

So I have con Ed. Ny westchester. Horrible. Anyway how much are you really saving. I drive like 240 miles a week. My current car gets like 17 per gallon. Off peak charging should be good.

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[HuntingPudel]

I couldn't quantify it since I haven't actuallky surveyed my energy expenses. I went from a PHEV that I had to charge every day after work in order to make it home. I suppose I'm saving a tiny bit on electricity when you consider having to pay for half of my vehicle electricity at public charging rates. Where I'm really saving is the time to charge the PHEV, which is pretty priceless. ?‍?

 

[RickMachE]

So I have con Ed. Ny westchester. Horrible. Anyway how much are you really saving. I drive like 240 miles a week. My current car gets like 17 per gallon. Off peak charging should be good.

Pretty tough to tell what you're asking. Electricity costs vary all over the place. My off-peak in Michigan totals, with all the pieces off the bill, at 12.5 cents. My cost per mile is about 4 cents.

I drive an F-150 also. Same MPG.

240 miles x 4 cents per mile = $9.60.
240 / 17 x $4.15 per gallon = $58.59.

Of course spending $60K to save that isn't ever going to breakeven...

 

[TRP]

Retired FF here..........

Traded a Jeep Rubicon, 16.5mpg for the MME Premium AWD ER version.

Drove to Iowa from TN to do the trade. Gas cost to get there was $150, DCFC at full EA rate to get home was, I forget the exact amount, less than $50, if I remember correctly.

Utility bill went up less than $40 month

 

[AKgrampy]

Not sure what your question is? But let’s assume 18 miles per gallon against 3 mi per kWh. My power cost is 21 cents per kWh so $1.26 per 18 miles versus $4.50. Certainly a savings there! Total savings comes down to many factors but cost per mile of driving based on fuel significantly cheaper even for high cost like mine.

 

[hawkeye3point1]

Where I'm really saving is the time to charge the PHEV, which is pretty priceless. ?‍?

I can second that!

My reply to the OP, in 3 years of driving a PHEV (90+% electric miles) and 6 months of all electric miles, I have saved over 4 tons of carbon footprint (COVID saved an additional 4 tons).

The $$ cost savings is a significant bonus.

 

[Jiji]

My reply to the OP, in 3 years of driving a PHEV (90+% electric miles) and 6 months of all electric miles, I have saved over 4 tons of carbon footprint (COVID saved an additional 4 tons).

For me this is the most important measurement.

Even if it cost more would be worthwhile but with solar I can heat, cool, run an entire house, charge 2 EVs and pay nothing but a monthly service charge, here is my last 13 months usage:

Overproduce in the summer, draw down credits in the winter and get close to net-zero CO2 along the way. Last year my total power bill was $201 ($17/mo for the account paperwork).

 

[MellowJohnny]

My 22MY Premium AWD MME is yet to arrive, but I can give you some super rough guesstimates I've been throwing together:

• Volvo XC90 - "Full Tank" cost $130 (Canadian), gives me roughly 600km of range
• "Full tank" on MME (0% to 90% SOC) for my standard range would need 63 kWh of electricity
• My Off-Peak hydro rate is $0.08 per kWh x 63 kWh needed for 90% SOC = $5.04
• Given the Volvo has 40% more "range" on a tank vs. MME, add another 40% to my electricity calculation - $5 x 1.40 = roughly $7 to get the equivalent range in the MME vs. the XC90.
• I have assumed 350 km of range on a "full" charge.

So *I think* charging at home will cost me around $7 to drive the same number of kilometres in the MME vs. the XC90.

I welcome a peer review of the above

 

[dmastro]

I've found that I can *justify* savings if I want to with my EV, but objectively not.

Compared to driving my former paid-off ICE, saving a few hundred dollars a month in fuel will never offset the purchase cost.

Same thing with emissions. Although I'm saving on emissions compared to the old car, I had to buy a new car and count all of the emissions that it took to produce and transport it.

If you're just comparing one new car to another, yes, over time you'll probably recoup the EV cost premium in fuel savings, and emissions also will have a breakeven in several years operation vs production.

I find it best to simply quantify based on how happy I am driving a car compared what I paid for it.

 

[JSeis]

$400+ a month. 90 miles a day @ 23 mpg will do that. My 3.5 mi/KWh at $.0634/KWh is real savings. Not to mention low service costs. My biggest cost are payment, tires & insurance. I could probably sell the MME for what we paid for it right now with 18,000 miles on it.

 

[SnBGC]

So I have con Ed. Ny westchester. Horrible. Anyway how much are you really saving. I drive like 240 miles a week. My current car gets like 17 per gallon. Off peak charging should be good.

$6,350 per year.
I drive 32k miles/year. Electric costs is about $650. Fuel cost in my previous ICE daily driver would've cost over $7,000.

 

[Nklem]

My original assumption in buying my Mach E (s).
My 2020 Ram HEMI, Traded on May 21, 2021 for my 1st Mach E select and leading to my upgrade to my second Mach E Premium ER.

My assumption was 15K miles per year, so would have been 14K miles by now. 823 Gallons of gas at $3.75 Average=$3086.00 for the truck.

I get free power from work, covering 85% of Mach E Miles......4.66MW of Power for 14K miles. Power cost (we had a recent home increase so Average $0.20/kWh but only 15% I paid for) is $140. out of my pocket. So 14K miles, out of pocket cost has been $140.00

Total Saved $2946/12 is $245 per month.

Now I really have driven my Mach E's more than any car I have Owned and so far a Total of 21,035 Miles! Wow in 11 months.

New number is 1237 gallons of gas @$4.00 average, $4949
Electricity 7.01MW times 15%, $210.35 for Power out of pocket.

Total REAL cost saved $4738/12=$394 per month.

Now if I paid for all power at home I would have paid $1402 so savings would have been $3547 or $296 per month.

This is real savings. As gas goes up, it only gets better! But in all honestly this is coming from a Crew Cab Hemi Truck that got 17 MPG. Not apples to apples but my pocketbook does not care.

So far no complaints so far from the family. I just got a sell estimate from Driveway that was more than I paid, but it's staying with me and now cannot be replaced for less than $64K. 100% reliability over 21K miles.

 

[kramerica]

So I have con Ed. Ny westchester. Horrible. Anyway how much are you really saving. I drive like 240 miles a week. My current car gets like 17 per gallon. Off peak charging should be good.

ConEd has a program to offer you discounts on your EV charging. No reason not to sign up. https://www.smartchargerewards.com/smartchargenewyork/

 

[Nemy]

Luckily juicebox makes it easy. Based on my own calculations it's pretty close (about $330 a month without factoring energy loss or lack of maintenance).

That's pure electric for 4 years at 130 miles a day (with less driving for the last two years). $0.12/kWh in Oregon and about $4/gallon for my old Outback at 25 mpg.

 

[OrchidMania]

For 15 years I have driven hybrids. I only put on 3000-4000 miles a year. The cost of the cars compared to ICE never worked out mathematically
As for SALL-E she too will never make financial sense.
But I want it and think I may be doing something good for the planet

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