EV's more expensive to charge than ICE Counterparts?

[krockett]

I charge for free at work, was never able to fill up my ICE for free at work. I also get free $280 a month of parking for driving an EV.

EV - 2
ICE - 0

Sponsored

 

[Tahoe Man]

Also reading the actual source material in the charging costs they include the "cost of charging equipment amortized over 5 years". So they are adding in additional stuff, while excluding additional maintenance items of ICE like oil and fluid changes. Biased article is even more biased.

It's called the framing effect in psychology, people like to feel they got a deal even if in the long run, they didn't. Happens all the time in the mortgage refi market too.

In general the average person isn't that smart to figure out what the lifetime costs is on most products so these articles don't take that into account. But most Rivian buyers are above average intelligence so it's critiqued here.

 

[srnyoung]

They also assumed a 25% premium in “fuel” needed to drive to public chargers, aka “deadhead miles”. Not sure about you but I don’t drive 75mi to a charger, ever.
Report is from Michigan, a charging desert, as I understand.

 

[Chewy734]

I just came in here to say, that I’m jealous of those of you who have cheap electricity.

 

[docwhiz]

They also assumed a 25% premium in “fuel” needed to drive to public chargers, aka “deadhead miles”. Not sure about you but I don’t drive 75mi to a charger, ever.
Report is from Michigan, a charging desert, as I understand.

Liars figures.

 

[Donald Stanfield]

It's called the framing effect in psychology, people like to feel they got a deal even if in the long run, they didn't. Happens all the time in the mortgage refi market too.

In general the average person isn't that smart to figure out what the lifetime costs is on most products so these articles don't take that into account. But most Rivian buyers are above average intelligence so it's critiqued here.

When you use biased and manipulated data you can call it whatever you'd like but I call it lying.

 

[lefkonj]

It varies area by area but in NJ it is much cheaper to own an EV. A full tank of gas in my previous vehicle was $60-70.. To fully charge my Rivian at home it costs $7.50. Both got very similar mileage on this 'Full Tank'.

 

[SSteveEV]

They also assumed a 25% premium in “fuel” needed to drive to public chargers, aka “deadhead miles”. Not sure about you but I don’t drive 75mi to a charger, ever.
Report is from Michigan, a charging desert, as I understand.

Not quite a charging desert over here but not great yet. I don't have any significant deadheading but the vampire drain does impact all our ratings.

 

[SSteveEV]

Here in MI, when not charging free publicly, my marginal electric rate is $0.12567/kWh
I'll spare you the math but vs my premium fueled ICE vehicle thats about 1/4 the cost per mile on electric/gas alone.

Granted that includes elec sales tax but doesn't include the increased registration fee to offset gas tax lost revenue.

tldr: That article was incorrect for my situation.

 

[NineElectrics]

And because the R1S is electric, I actually get to charge for free because I have solar panels installed at my house. That's not an option for ICE vehicles.

Nit, if you have net metering, charging isn't free, because you'd otherwise be paid for those electrons. And then there's the cost of the solar system. ROI is typically 20-30 years, and panels are typically only good for 25 years, so you're only breaking even.

I like the idea of being able to charge after a natural disaster has knocked out electricity, though you could do the same thing with gallons of gas and a generator, albeit in a more polluting, louder way.

 

[miasm]

Nit, if you have net metering, charging isn't free, because you'd otherwise be paid for those electrons. And then there's the cost of the solar system. ROI is typically 20-30 years, and panels are typically only good for 25 years, so you're only breaking even.

Most net metering doesn’t pay out, and if it does pay out it it’s usually at “fuel avoidance rates” which is like a third of a quarter of retail rates.

Solar ROI is also variable. In many places it’s sub 10-year ROI, like for me I’m running at about a 5 year ROI, maybe even less depending upon interest rates and future utility electrical cost escalation.

 

[fhteagle]

A decent quick and dirty rule I developed to explain electric fueling costs was just to take the kWh price and move the decimal point over one spot so if you have $0.13/kWh home electric rate, that's equivalent to $1.30 /gallon gasoline. $0.39/kWh is a common price at DCFCs here, some a little more during peak times, some a little less, but in my mind it's like $3.90/gallon for gasoline. It's not precise, it glosses over a lot of factors for both, but it holds up to scrutiny well enough to be useful.

Recent 3300 mi road trip, all on Superchargers, cost ~$310 to complete, most prices were low to mid $0.30/kWh range, a few in the $0.40/kWh range. The ICE car the Y replaced used to get about 30mpg highway, or ~110 gallons to do the trip. At average gas prices in the states traveled through (~$3.79), gasoline would have been ~$410.

The other thing to consider is that the cost of electricity has been going up relatively slowly compared to real inflation (not CPlie), and especially compared to fossil fuel costs. That may change if the fossil fuel inputs to grid generation keep getting costlier, and may need to change to pay for grid upgrades, building out energy storage, etc. But across the 11 year lifetime of my Volt, electricity is up maybe 20%, while gasoline is up far more than that. And that will continue as OPEC abandons trying to keep the price of Petro fuels below where people are interested in switching to electric.

TL;DR: DCFC is similar to gasoline fueling costs plus or minus. Home charging is so much cheaper it's not even close. Even factoring the cost of a good EVSE and install, you'll be money ahead somewhere later in year 1 or early year 2 switching to an EV.

 

[WorldComposting]

It varies area by area but in NJ it is much cheaper to own an EV. A full tank of gas in my previous vehicle was $60-70.. To fully charge my Rivian at home it costs $7.50. Both got very similar mileage on this 'Full Tank'.

My Aunt recently bought an EV in NJ and I think she didn't have to pay a sales tax on it either which is a massive savings up front. By the time they figured everything out the initial cost was comparable to buying an ICE vehicle.

 

[Ozmt]

My own personal numbers show that I'm way ahead of my ice. In my calculations, gas would have to be less than $1.65 per gallon to be even with ev. These are my figures and not scientific nor published

 

[lefkonj]

My Aunt recently bought an EV in NJ and I think she didn't have to pay a sales tax on it either which is a massive savings up front. By the time they figured everything out the initial cost was comparable to buying an ICE vehicle.

No sales tax, no inspections, cheaper to run, no oil changes.... the list goes on. These articles are just click bait for confirmation bias.

Sponsored