BMW and Porsche.
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Here’s my math breakdown on my vehicles (don’t forget the cost of insurance is significantly higher for electric cars):
Model Y $0.49 per kWh so 17cents per mile
Insurance $3,100 annual
if I’m driving 10k miles that’s an extra $.31c per mile
$0.48 per mile cost
Mercedes GLE 19MPG - costco premium gas avg $0.25 per mile
Insurance $2,250 annual
$0.48 (rounded half cent) per mile
Coincidentally same cost per mile
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I assume Porsche via VW, does that mean Audi too?
Didn’t know BMW has free charging also.
With the small turbo engines, mercedes e class is getting 30 mpg.
Yep…E-class is very similar to Bolt EUV in the $20k range.
I never understood individuals with 60k+ cars that chase mpgs and fill up with regular when manufacturer calls for 91+.
On a side note, is that first service at MB still $250+?
I dont know what part of FL you live. FPL offers a program with the charger and free electric when they install the system. I live in Broward. I dont have an EV but have been researching this. I dont drive alot either, so that factors. We have fairly low gas prices here compared to the OP in CA. If you have the 240 outlet installed its only 31.00 a month (not sure if there are taxes) Otherwise its 38/month. The charger si set to work in off peak days and hours. You might want to check that as it might save you more money.
I heard that insurance is higher for EVS. That definitely factors for me. I dont drive alot, so the decision to go EV doesnt make sense for me overall in the bigger picture. I was tempted by the tax credits. That is a very interesting comparison there. I have asked people about Superchargers and such. I was told if I didnt charge at home and usesd standard public charging stations that charge a feww or superchargers on occasion, that my costs would be similar if not more than gas (using superchargers).
I don’t know, I trade my cars before the first service.
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I had a Bolt back in Sep 2020 - Dec 2021. I also had a 2018 BMW X2 which was similar in size, and better in most ways. I averaged around 27 MPG in the X2. With the Bolt - which had a bout a 66 kWh battery, I did the math and figured out it costs roughly half as much to drive the Bolt per mile vs the BMW at the time (gas was cheap back then) and electricity was in the .19-.20/kWh here in NJ.
I had heard the same thing about EV insurance. In Oregon with allstate, our insurance dropped $25/ month going from 2020 C43 to 2023 EQE350 4matic. Losing AMG moniker maybe?
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Ive looked at it, it definitely has promise. For my 4xe, cost wise it ends up about a push right now, but if i had an ev suv, itd be a no brainer.
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FPL off-peak rates here in SoFla are 11.3 cents per KWH…
My calculation is that 83 KWH gets me approximately 195 miles on my e-tron Prestige SUV so 2.34 miles per 11.3 cents or roughly a nickel a mile.
My RS e-tron GT is basically free for 3 years since there is an EA 350KWH bank about 2 miles from my house.
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I am in Tampa so TECO. I calculated the GC 4xe at $0.05 per mile. Not a huge savings but filling up every 1300 miles is nice.
The crazy thing is I considered trading the Tahoe for a Model 3 for the savings. At 15k miles, it is $3000 in gas vs $600 in electric. $2400 savings, but insurance goes up $700 with the Tesla, so $1700 savings. Not sure it worth the $150 a month to drive a M3.
Bonus consideration: My son gets his license any day now. Any saving will be completely gone…
Holy crap, in SoCal? That’s gotta be peak pricing. Why not charge over night at $0.20/kWh?
It may be hard to believe, but unfortunately peak pricing from SDG&E is even quite a bit higher than that.
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Depending on the plan, my SDG&E peak is over $0.80/kWh. During the heat waves it goes up 3x or something during the randomly designated “reduce your use” days. My bill jumped from $140 average to over $500 last September. It goes back down in October though.
You need to read the fine print with the FPL deal. They do offer two home ev charging programs, $38 or $31 month depending if they do electronical install or not. When you sign up its for a 10 year contract, you can cancel early but its $768.48 or after 5 years buy the equipmentfrom FPL (at a FPL determined market value). If you charge during nonpeak its a MUCH higher rate of 22.87 cent per kwh. FPL defines when off peak charging is but they can also stop charging during ANY sudden peak demand they get (without prior notice). They have a simular program for pool pumps and pool heaters (biggest single draw in the state).
Also keep in mind that with FPL your rate is lower for the first 1000kwh and then jumps up higher for anything higher. It is also near impossible to compare monthly rates. Your per kwh is based on operational expense and fuel rate. Operating cost is set by the PSC but fuel rate is an actual direct pass through. Since fuel rates change month to month you, your rate changes month to month. So you’d have to monitor the exact power output from the charger to know the exact usage and cost impact.
Sheesh. Had no idea. I thought SCE was bad!
I think based on that fine print it probably makes sense for those who can get it. If the car is charging overnight and weekends thats all off peak. The idea is to get you to charge off peak vs using your own charger. There is probably some sort of useage comparison there.
Another couple data points, NorCal PG&E:
We are on the EV-2A which drops to $.25 per kWh from midnight to 3 pm. Total charging over the last year for our Model 3 was 5808 kWh:
4530 kWh at home at $.26 per kWh ($1186)
1278 kWh at Superchargers at $.44 per kWh ($566)
Total $1752. I get .285 kwh per mile the way I drive the car, so that’s 20,400 miles = $.086 per mile. Tire wear, insurance and a slight increase to our peak electric rate all tend to raise running costs vs a gas car but no oil or brake pad changes offset these.
If I bought a 50 mpg Prius I could likely get roughly $.09 per mile or almost equivalent. My wife’s GV70, on the other hand, gets 22 MPG on primum fuel for $.25 per mile, so the EV savings over the last year would be somewhere between roughly zero and $3350 depending what you’re comparing it to.
Edited to fix some math errors below:
Over the coming year the numbers will be very different. We’ve installed 15.6 kW of solar under California’s NEM2 metering program. Financed over 15 years the payment works out to $231 per month, plus interconnect charges (expected to go up as noted but the same regardless of what you use and hence not a factor in the marginal cost). The total annual production from the solar works out to 21,200 kWh, giving an effective marginal price of $0.13 per kWh. We also have installed enough excess power for a second electric car.
We are in the process of selling my wife’s GV70 and leasing an IONIQ 5 (2 years). At the 12k miles per year she drives this will reduce fuel costs from $3000 to $450 (or less if we use the included 2 year Electrify America free charging). “Fuel” costs for my car should also drop from $1136 to $550 for the home charging portion. If I take trips in her car to avoid the supercharger costs we could bring our effective annual “fuel” bill down to $1000 for two cars doing a combined 32,400 miles a year. Two gas cars of similar performance in our area would likely have fuel bills of around $7200 per year, so that’s a savings of $520 a month.
A different kind of hacking… Unfortunately if you didn’t already apply for NEM2 you can no longer get the deal above.