Electric cars have crossed lifetime cost parity with petrol vehicles across much of Europe. In the used-car market they now have the lowest total cost of ownership.
Newer models even match petrol cars in estimated lifespan, that’s something early EVs could not claim.
This study shows that any new electric vehicle sold today will bring financial benefits to its second and third owner. New electric cars registered now will deliver between €262 and €849/year savings for their future second and third owners compared to an equivalent petrol car.
That’s the part that I forgot about, I save about $480 a month because I get free charging at work. We used to refill my wife’s car twice a week for our commute. I can’t imagine what it would cost for gas now at close to $7 a gallon some days
Haha there you go. You still must do an insane amount of driving to go through $480 of power a month though.
(not OP) We have 2 tier electricity prices here for consumers…
I’m just going to skip the 1st because a bill of $480 would put them into tier 2 so fast.
Tier 2 is $0.1408 CAD/kWh
That’s 3,409kWh.
An Ionic 5 has 63kWh/220miles for a standard range.
That’s 54 battery cycles a month, or 11,880miles a month.
Account for some losses along the way and lets just call it 10k miles a month.
At least that’s what it would be here.
Yeah 10k miles is more than what I drive in a year and they’re doing it in a month 😅. I am thinking that $480 may be at retail DC charging prices rather than home power usage prices because I’m not sure who would drive that much and not be driving for work (which would then be an unreasonable comparison to others buying EVs).
Ah, ya maybe there’s no home charging. Electricity rates here are pretty cheap though, they could be somewhere where it’s much more as well which would bring the miles down a lot. California would be more than double what I pay for example.