How much is your EV costing you to run?

How much is your EV costing you to run?

Author
Discussion

mikeiow

5,391 posts

131 months

Wednesday 15th June 2022
quotequote all
gangzoom said:
mikeiow said:
It does sometimes feel that peak ‘low cost EV ownership’* is maybe behind us, instead of in front….those are crazy numbers

* although purchase cost was always a good 10k more than the equivalent ICE….
Remember the days of a <£200/month £0 deposit Leaf?? It really was bizarre walking into a Nissan dealer and leaving with brand new car without paying a penny, if I remember the first £200 was take often in the 2nd month due to DD dates......add in 'free' chargers everywhere (when they worked).

I thought technology was suppose to get cheaper with time?
Yup: it does feel like EVs are only going up in price. Our “top of the range” 2019 Kona Premium would cost around 6-7k more today than 3 years ago. Mildly horrifying really. Perhaps the perfect storm of all the COVID/Ukraine issues hitting things frown

Amateurish said:
Yoiu do need to bear in mind that the 500e is a much better car than the current 500. I've driven both and it really is chalk and cheese. The standard 500 really feels its age (is it the oldest car still in production?) and seems very cheaply built.
I can believe that.
We noticed even 3 years ago that our Kona EV was streets ahead of the petrol Kona in terms of quality of finish. Also very well equipped for what is essentially a pretty small hot hatch!


jinba-ittai

1,246 posts

211 months

Thursday 16th June 2022
quotequote all
Speed1283 said:
With the ever increasing costs of fuel is certainly making me consider replacing my diesel barge.

It seems like a no brainer for anyone who can get through a company/company car scheme. But I'm less sure about private ownership. I own my car outright; whilst there's no doubt that I'll save on running costs by switching to an EV, I suspect it'll be overshadowed by monthly costs of financing an EV that'd I'd want.

Also, as I live in a new build block of flats, whilst there is charging in the parking underground, the rate seems pretty high compared to what I'm seeing on this thread. They recently increased the rate to £0.34/kWh off peak and £0.38/kWh peak.

Really impressed by the EV6 and I drove a friend's model 3 recently which was great (although I do much prefer the looks and interior of my 6 series). I'd love a Jag I pace but they are costly and the range seems a little low.
There's a lot of people on this thread quoting what they pay based on fixed term tarrifs that are no longer available

For people who are signing up onto a new tarrif now (or people who's supplier has gone bust) £0.40 / kWh is typical

Amateurish

7,756 posts

223 months

Thursday 16th June 2022
quotequote all
jinba-ittai said:
There's a lot of people on this thread quoting what they pay based on fixed term tarrifs that are no longer available

For people who are signing up onto a new tarrif now (or people who's supplier has gone bust) £0.40 / kWh is typical
The price cap is 28p. No one should be paying 40p.

ashenfie

716 posts

47 months

Thursday 16th June 2022
quotequote all
jinba-ittai said:
Speed1283 said:
With the ever increasing costs of fuel is certainly making me consider replacing my diesel barge.

It seems like a no brainer for anyone who can get through a company/company car scheme. But I'm less sure about private ownership. I own my car outright; whilst there's no doubt that I'll save on running costs by switching to an EV, I suspect it'll be overshadowed by monthly costs of financing an EV that'd I'd want.

Also, as I live in a new build block of flats, whilst there is charging in the parking underground, the rate seems pretty high compared to what I'm seeing on this thread. They recently increased the rate to £0.34/kWh off peak and £0.38/kWh peak.

Really impressed by the EV6 and I drove a friend's model 3 recently which was great (although I do much prefer the looks and interior of my 6 series). I'd love a Jag I pace but they are costly and the range seems a little low.
There's a lot of people on this thread quoting what they pay based on fixed term tarrifs that are no longer available

For people who are signing up onto a new tarrif now (or people who's supplier has gone bust) £0.40 / kWh is typical
No one should be signing up to a new tariff if it costs 40p. As others have said you should simply get the 28p

DemiseoftheICE.com

13 posts

23 months

Thursday 16th June 2022
quotequote all
Amateurish said:
jinba-ittai said:
There's a lot of people on this thread quoting what they pay based on fixed term tarrifs that are no longer available

For people who are signing up onto a new tarrif now (or people who's supplier has gone bust) £0.40 / kWh is typical
The price cap is 28p. No one should be paying 40p.
Yes, 40p seems pretty extortious. Ofgem confirms the 28p cap applies for the default energy tariff (https://www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you#:~:text=The%20price%20cap%20limits%20the,how%20much%20energy%20you%20use.)

Only wouldn't apply if you take out a fixed-term tariff, but why would you take that over the default if you are getting 40p per kWh.

jinba-ittai

1,246 posts

211 months

Friday 17th June 2022
quotequote all
Amateurish said:
jinba-ittai said:
There's a lot of people on this thread quoting what they pay based on fixed term tarrifs that are no longer available

For people who are signing up onto a new tarrif now (or people who's supplier has gone bust) £0.40 / kWh is typical
The price cap is 28p. No one should be paying 40p.
..once you factor in the standing charge

dmsims

6,543 posts

268 months

Friday 17th June 2022
quotequote all
jinba-ittai said:
..once you factor in the standing charge
Wrong again!

The standing charge is 45p

If you use 45 units the rate will be 29p unit

If you use 10 units the rate wll be 32.5p unit

jinba-ittai

1,246 posts

211 months

Saturday 18th June 2022
quotequote all
dmsims said:
Wrong again!

The standing charge is 45p

If you use 45 units the rate will be 29p unit

If you use 10 units the rate wll be 32.5p unit
Fair enough

The main point still stands that plenty of people talking as though paying 6p per kWh is an option, when 28p is the only option for many right now

And in 4 months time it'll be over 40p and many more people's fixed tariffs will have expired

Evanivitch

20,174 posts

123 months

Saturday 18th June 2022
quotequote all
jinba-ittai said:
dmsims said:
Wrong again!

The standing charge is 45p

If you use 45 units the rate will be 29p unit

If you use 10 units the rate wll be 32.5p unit
Fair enough

The main point still stands that plenty of people talking as though paying 6p per kWh is an option, when 28p is the only option for many right now

And in 4 months time it'll be over 40p and many more people's fixed tariffs will have expired
Octopus GO is still available at 7.5p/kWh overnight.

So no, wrong again!

OutInTheShed

7,701 posts

27 months

Saturday 18th June 2022
quotequote all
Evanivitch said:
Octopus GO is still available at 7.5p/kWh overnight.

So no, wrong again!
When looking at the Go tariff, you have to add in the cost of paying more for the rest of your electricity.
Currently about 7p extra per kWh.

Evanivitch

20,174 posts

123 months

Saturday 18th June 2022
quotequote all
OutInTheShed said:
Evanivitch said:
Octopus GO is still available at 7.5p/kWh overnight.

So no, wrong again!
When looking at the Go tariff, you have to add in the cost of paying more for the rest of your electricity.
Currently about 7p extra per kWh.
Sure, that's how the tariff is setup currently. There was a time when the extra charge was only 5p on the daily standing charge.

But even of you're paying 7.5/35 versus 28 flat right now.

A not unreasonable 20kWh a day for an EV household, 10 in the house and 10 in the car was typical for me (GCH).

75p+350p=£4.25, versus £5.60 on the flat tariff.

Not forgetting you can also shift high demand items into the GO period if you want. Dishwasher is easily done. Washing machine and tumble dryer all possible too.

jinba-ittai

1,246 posts

211 months

Saturday 18th June 2022
quotequote all
Evanivitch said:
Octopus GO is still available at 7.5p/kWh overnight.

So no, wrong again!
That's great, and would give an overall cost per kWh of about 21p per kWh

Which will then likely be over 30p in four months time which ok isn't 40p, but still expensive

Edited by jinba-ittai on Saturday 18th June 12:38


Edited by jinba-ittai on Saturday 18th June 12:52

Amateurish

7,756 posts

223 months

Saturday 18th June 2022
quotequote all
I wish my daily consumption was only 10kwh!

Plus I often have to charge from nearly empty, which takes 8 hours on the 7kw charger. So only half of that would fall in the Octopus Go period.

Evanivitch

20,174 posts

123 months

Saturday 18th June 2022
quotequote all
Amateurish said:
I wish my daily consumption was only 10kwh!

Plus I often have to charge from nearly empty, which takes 8 hours on the 7kw charger. So only half of that would fall in the Octopus Go period.
Octopus GO Faster offers longer slots for small increase in price.

Evanivitch

20,174 posts

123 months

Saturday 18th June 2022
quotequote all
jinba-ittai said:
That's great, and would give an overall cost per kWh of about 21p per kWh

Which will then likely be over 30p in four months time which ok isn't 40p, but still expensive

Edited by jinba-ittai on Saturday 18th June 12:38


Edited by jinba-ittai on Saturday 18th June 12:52
Why would it "likely be" any such thing. You seem to just post false information and conjecture.

isleofthorns

475 posts

171 months

Saturday 18th June 2022
quotequote all
I recently signed up for a 24m EV tariff, with 4.5p/39p rates.

I tend to charge a min of 12kwh a night to 40kwh on the car. Allowing for 15kwh for the rest of the day the effective rates are between about 13p-23p a kWh - so worth doing. Also, because the rate is fixed for the next two years, I know it's not going to rise for the foreseeable.



sixor8

6,308 posts

269 months

Saturday 18th June 2022
quotequote all
The 'price cap' is for domestic consumption only I believe. EV tariffs can be different providing extremely cheap off peak for charging the car. Also, camp sites, mobile home parks, communal car parks etc. can add on a service charge such that the per kwh rate is above the 'cap,' which does not apply to business consumption. frown

jinba-ittai

1,246 posts

211 months

Saturday 18th June 2022
quotequote all
Evanivitch said:
Why would it "likely be" any such thing. You seem to just post false information and conjecture.
Remember to revisit this thread in four months time and see how reality stacks up!!

ingenieur

4,097 posts

182 months

Saturday 18th June 2022
quotequote all
Don't forget to list your depreciation or lease costs.

I bought a car for £700 the other day. The whole car. Same as 2 months payments on a Tesla.

wemorgan

3,578 posts

179 months

Saturday 18th June 2022
quotequote all
jinba-ittai said:
That's great, and would give an overall cost per kWh of about 21p per kWh

Which will then likely be over 30p in four months time which ok isn't 40p, but still expensive

Edited by jinba-ittai on Saturday 18th June 12:38


Edited by jinba-ittai on Saturday 18th June 12:52
Prices are rising but so is petrol.
My spreadsheet still shows a 10ppm saving using EV.
If on an Economy 7 tarrif it would be greater.