Electric Cars Are Already Cheaper To Own and Run Than Petrol Or Diesel, Says Study (theguardian.com)
An anonymous reader quotes a report from The Guardian: Electric cars are already cheaper to own and run than petrol or diesel cars in the UK, US and Japan, new research shows. The lower cost is a key factor driving the rapid rise in electric car sales now underway, say the researchers. At the moment the cost is partly because of government support, but electric cars are expected to become the cheapest option without subsidies in a few years. The researchers analyzed the total cost of ownership of cars over four years, including the purchase price and depreciation, fuel, insurance, taxation and maintenance. They were surprised to find that pure electric cars came out cheapest in all the markets they examined: UK, Japan, Texas and California.
Pure electric cars have much lower fuel costs -- electricity is cheaper than petrol or diesel -- and maintenance costs, as the engines are simpler and help brake the car, saving on brake pads. In the UK, the annual cost was about 10% lower than for petrol or diesel cars in 2015, the latest year analyzed. Hybrid cars which cannot be plugged in and attract lower subsidies, were usually a little more expensive than petrol or diesel cars. Plug-in hybrids were found to be significantly more expensive -- buyers are effectively paying for two engines in one car, the researchers said. The exception in this case was Japan, where plug-in hybrids receive higher subsidies. The study has been published in the journal Applied Energy.
Pure electric cars have much lower fuel costs -- electricity is cheaper than petrol or diesel -- and maintenance costs, as the engines are simpler and help brake the car, saving on brake pads. In the UK, the annual cost was about 10% lower than for petrol or diesel cars in 2015, the latest year analyzed. Hybrid cars which cannot be plugged in and attract lower subsidies, were usually a little more expensive than petrol or diesel cars. Plug-in hybrids were found to be significantly more expensive -- buyers are effectively paying for two engines in one car, the researchers said. The exception in this case was Japan, where plug-in hybrids receive higher subsidies. The study has been published in the journal Applied Energy.
At the moment the cost is partly because of government support, but electric cars are expected to become the cheapest option without subsidies in a few years.
So it's cheapest -- as long as you ignore that pile of money over in the corner that someone else is paying, and one we promise will go away Real Soon Now. Good grief.
Let's not forget that in most markets electric cars get a free ride on public roadways. Gasoline taxes are collected to pay for the infrastructure combustion engines drive on, electricity has no such taxes so plug-in electrics pay no taxes based on usage, and hybrids only pay minimal taxes, based on the gasoline they use when the charge runs out.
Ken
Given the tax bill the republicans just passed, ahahahahHhahahhahahahahahahahahahaha
If you're going to factor in the production and transmission efficiencies of electrical power, you need to do the same for gasoline or you are comparing apples to oranges.
"However, upgrading a residential switchboard to handle a high output EV charger is a significant expense, and one that reasonably needs to be factored into the total cost of owning an EV. " Installing a 240V outlet is not expensive. To put a NEMA 14-50 on to an existing 200 AMP service is typically between $200 to $400. This is enough to charge any EV overnight (e.g. 6-8 hours). Because most EV owners charge at night, when their other demands are lower, there's no issue. In addition the urban environment becomes cleaner, asthma rates lower, and healthcare costs are reduced. It's far easier to clean up a power plant than it is to clean up millions of 20% efficient vehicles. And only 39% of the U.S. electricity is generated by coal, so the "OMG it's from coal" is a mainly bogus claim, as is the Solar and wind are more expensive--that was true at one time, but not any longer in most cases (there are always exceptions). And driving an EV is a much better experience than driving any gas car and far better than any diesel car. Most of the arguments against EVs are of the "it will put the blacksmiths and horse traders out of business" type. Having driven one for over 100K miles, there is no way I would go back to an internal combustion car.
The thing that makes it uneven (and even unfair) is the fact that the public is paying for your use of that vehicle in terms of road maintenance costs you aren't contributing to and subsidies you are getting.
If you find that upsetting, consider that virtually all road damage caused by vehicles is done by heavy trucks, but they hardly pay more to offset that. Those costs should be paid by transportation companies and wind up baked into the cost of goods, which would permit purchasing decisions which reflect the true state of the world. Instead, everyone has to pay those costs, even people who don't buy goods which are transported long distances.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"