Per Study, ICE fueling costs fall below price of EV charging

[Fat Mach]

My electric bill would be $1000 a month during some months at that rate. Wow.

I think I'm close to that during Dec/Jan. I also am burning about $3k in firewood this year.

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[21st Century Pony]

Apart from really varying electricity rates across utility regions, there is also the cost of annual car maintenance for EV vs. ICE cars.

EV = tires, brakes and wipers, all occasional and spread across significant mileage. ICE = regular oil + filters + (now occasional) spark plugs + transmission fluid + mechanic labor cost.

 

[Blue highway]

My current consumption is sitting at 2.7 mi/kWh
Below are my rates, I need 37 kWh to do 100 miles, so it cost me $17 on the cheapest rate in summer and $19 in winter, so the study is not flawed.

In comparison, my Ford Fusion get me 24/25 mpg, gas is $4.09 per gallon and it cost $16.36 to do the 100 miles, we also have a Prius in the house that gets us 45 mpg, so it cost $9 for that very same 100 miles.

In San Diego, EA rate is 34 cents per kWh if you pay $4 membership fee, which a lot of people relay on that network to charge, it will cost me $12.58 to charge.

So electricity rates are not cheap, a lot of people are buying EVs without thinking of the consequences.

Below is our EV friendly plan, EV-TOU5 , $16 monthly fee to get 15 cents at night, but check the rate on other times! up to 81 cents per kWh.

for perspective here are the rates across the country... San Diego is broken. https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a

 

[superdave80]

You know what's frustrating? Having sky-high electricity prices AND having over 75% of it sourced from natural gas. That's the case here in Massachusetts. You buy an EV and then you come to realize you're not saving money on fuel and you're still running on primarily fossil fuel.

Maybe if the Kennedys and other elite snobs didn't delay wind projects for two decades (because it would ruin their view. Seriously), you might have less natural gas being burned. Snark done.

But don't worry, you are still emitting about half (or less) the CO2 into the air vs. an ICE. And power sources are getting cleaner year by year. Just a decade ago you were getting around 1/4 of your power from coal, and now it's practically zero.

 

[azerik]

I don't even what that fee is (they have no idea that I own an EV). I think fees like this fund programs that they advertise as if it were pure generosity and goodwill.

Possibly pays for an "rebates" the Electric Co gives for installing an EVSE.

 

[randomvoice]

I pay ~12-13 cents/kw here in Northern Virginia to charge at home. Assuming a 2.5 miles/kw average on my GT, I pay roughly 5-6$ to ride 100 miles. I also own a Mazda 6 which gives around 30 miles/gallon (very conservative here). At 3$/gallon, it comes to around 10$ to ride 100 miles. The math doesn't make sense when electricity cost is so cheap when you charge at home.

I'm literally paying half to ride around in a car with more than 2x the performance. An equivalent performance ICE car would drill a hole in my wallet and probably cost 3-4x in fuel.

 

[awp0]

Maybe if the Kennedys and other elite snobs didn't delay wind projects for two decades (because it would ruin their view. Seriously), you might have less natural gas being burned. Snark done.

But don't worry, you are still emitting about half (or less) the CO2 into the air vs. an ICE. And power sources are getting cleaner year by year. Just a decade ago you were getting around 1/4 of your power from coal, and now it's practically zero.

Yup, all good points. I've got a down payment on a solar install this spring (likely about 9 kW), so I'm hoping to feel much better about all of this soon!

 

[dtbaker61]

I was going to place (probably flawed) in front of Study in the title of this thread. But the Anderson Economic Group has determined the average cost to charge an EV, AT HOME, in order to drive 100 miles is $11.60 compared to $11.29 for gasoline for an ICE vehicle.
ICE fueling costs fall below price of EV charging in the midrange segment, study says
I don’t know about the rest of you, but my mi/kWh average over the last 5,000 miles was 3.1 which would make my charging at home cost $3.83. Adding in the expense of my 4+ year old L2 which I’ve used for ~ 50k EV miles still only adds $0.20 to the above.
Does anyone on this forum pay $11.60 in electric and related costs to go 100 miles?!?

retail residential electric rate in NM from PNM (the largest Utility serving most of the state) is a little under $.08/kWhr before riders, service, and taxes are added which bring it up to about $.095 if you are in tier1, or about .115 if you are in Tier2 with net use between 450-900 kWhr/mo

My electricity is closer to $.05/kWhr if you amortize the Net cost of my grid-tied Solar production over a 25 year year (warranty) period.... So 100 mile charge assuming 3.0 miles/kWhr = $1.67

DCFC in my area costs between $.35 to $.40 /kwhr, would bring that up to $13.3 worst case

Similar size SUV like a BMW x3 getting 25miles/gal and gas costing $3.25 today for regular would cost $13,
and premium at $3.65/g = $14.6

==== so.... I'd guess the study used DCFC prices for E

 

[dtbaker61]

You know what's frustrating? Having sky-high electricity prices AND having over 75% of it sourced from natural gas. That's the case here in Massachusetts. You buy an EV and then you come to realize you're not saving money on fuel and you're still running on primarily fossil fuel.

the winning combo for lowest cost is to go solar on YOUR house.....

but, Grid energy will get clearer over the next 10-20 years too

 

[21st Century Pony]

I pay ~12-13 cents/kw here in Northern Virginia to charge at home. Assuming a 2.5 miles/kw average on my GT, I pay roughly 5-6$ to ride 100 miles. I also own a Mazda 6 which gives around 30 miles/gallon (very conservative here). At 3$/gallon, it comes to around 10$ to ride 100 miles. The math doesn't make sense when electricity cost is so cheap when you charge at home.

I'm literally paying half to ride around in a car with more than 2x the performance. An equivalent performance ICE car would drill a hole in my wallet and probably cost 3-4x in fuel.

I recommend you look into Dominion Virginia Power's 2d meter EV TOU Program. I've used it since 2012 and at night (only for your permanently wired EVSE) the cost is 5.3 cents.

 

[Guss-E 2021]

I really hate when people act like the only reason to own an EV is fuel costs

No kidding. That line of thinking is completely disingenuous and misses a larger picture. But haters gonna hate as the young people say.

 

[Guss-E 2021]

I haven't done a detailed analysis, but in the first full month of owning an EV, the electric bill was up $50 due to increased energy usage compared to same time period in the previous year. This accounts for the difference in energy pricing between periods. I did around $20 of fast charging during that period as well.

On average I was spending $150-$250 on monthly fuel.

So for me, I'm sure I'm saving a lot in fuel costs. However, I had to spend around $40k after rebates/trade-in for the car, so it's not like I did this to save money.

Nearly exactly the same with me. Bottom line is I have no buyers remorse.

 

[Guss-E 2021]

You know what's frustrating? Having sky-high electricity prices AND having over 75% of it sourced from natural gas. That's the case here in Massachusetts. You buy an EV and then you come to realize you're not saving money on fuel and you're still running on primarily fossil fuel.

Right (in NH). New England needs to get its act together on where our energy is coming from. At least MA has state programs to assist in efficiency and sustainability. NH has essentially zero. Luckily, the federal stuff is pretty generous.

 

[MW1515]

I pay 6 cents/kwh off peak in Arizona. I have friends in Ca that pay much more, but then again their gas prices are much higher than ours also.

But then again, my electric company is requesting a 23% rate increase. Sleepy Joe stated that the IRA would reduce everyone's energy costs by $1800 per year, what a joke.

That would be a joke if that's actually what the claim is. That would mean I'd be getting all of my yearly electricity and gas (for our other car) for free. What the study said is that the $1800 includes tax incentives for families that need a new appliance or car and choose electric instead of gas plus the savings obtained by using electricity. I've had my MME since May and have saved about $1000 in gas and will get a $7500 tax incentive at tax time, so $1800 for the average family taking advantage of the tax incentives seems about right to me.

 

[Blue highway]

Here is an earlier study on the ICE vs. EV fueling costs from the same group. They are also including the cost of the EVSE in the cost of fueling. It say how they normalize the EVSE cost, but you can see in the charts it constitutes a significant amount of the cost, approximately 50% of the cost of the energy.

https://www.andersoneconomicgroup.c...l-world-cost-of-fueling-evs-and-ice-vehicles/

An EVSE only adds 50% if you buy a new EVSE every year...

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