How much is your EV costing you to run?
Discussion
I have no home charging ability, so my Polestar2 (Base model FWD) is charged at work, except when I first got the car 6 weeks ago, I used the local Shell garage
Averaging 3.3 miles/ kWh, or 5.7p/mile by my maths. Although since this Monday the Geniepoint charger at work went from 50p+14p/kWh to 50p+28p/kWh, so pence/mile will effectively double too
But note when it loses signal it defaults to 99p for the whole charge, as it did May 5th. Hopefully it will be Broken more often
Averaging 3.3 miles/ kWh, or 5.7p/mile by my maths. Although since this Monday the Geniepoint charger at work went from 50p+14p/kWh to 50p+28p/kWh, so pence/mile will effectively double too
But note when it loses signal it defaults to 99p for the whole charge, as it did May 5th. Hopefully it will be Broken more often
Edited by dino_jr on Thursday 9th June 10:19
OutInTheShed said:
Ransoman said:
Folks, can you please include finance or lease costs as otherwise your cost breakdowns are very misleading.
It's great that your tesla model 3 is costing you 6p per mile but how much is that when you factor in the purchase price?
Depends what you want to know.It's great that your tesla model 3 is costing you 6p per mile but how much is that when you factor in the purchase price?
There's three main elements of cost for a vehicle,
1 the capital cost of buying it or leasing it or whatever and just having it sat there.
2 the fixed annual costs like year-based depreciation, insurance, MoT etc
3 the cost of each mile. That's fuel and wear-based repairs, mileage based depreciation.
Sometimes I want to know what's my total yearly cost for 10k miles, sometimes I want to know what does it cost to drive to Cumbria given that I'm already committed to owning the vehicle.
You can look at it many ways, if the Tesla is leased, then maybe up to a mileage limit, the cost of an extra trip is really just the electricity. But then go over your limit it's how many p per mile?
But unless everyone's looking at it the same way, we might as well be listening to Boris?
Just tell us raw information. So many miles per kWh, and how many of you have had significant repair or servicing costs? Please?
Comparing apples to apples, the most basic fiat 500 1.2 8v petrol costs £150 per month on PCP usually with a £150 deposit, that's the typical finance price I have been seeing for that, it used to be a lot cheaper. That will get you an easy 55MPG A full tank will cost £60 when fuel hits £2 per liter and you will probably get 300+ miles out of that. At my max usage that's 2 tanks a month at £120 so just looking at purchase costs and fuel, that's only £270 per month.
the most basic 500 e is £300 per month on PCP with a bigger deposit (and a much bigger final payment) so that's already £30 more than the petrol and I haven't plugged it into the wall at home yet.
The 500 1.2 will need servicing so that's £150 a year or £80 if I do it myself. All other repairs and consumables likely to be required would be needed on both so I won't bother including that.
Now obviously this doesn't factor in depreciation but that's the reason I compared PCP deals and not HP or cash deals.
Ransoman said:
At the moment EV's are far from bangernomic territory so the purchase costs of the car are definitely worth sharing.
Comparing apples to apples, the most basic fiat 500 1.2 8v petrol costs £150 per month on PCP usually with a £150 deposit, that's the typical finance price I have been seeing for that, it used to be a lot cheaper. That will get you an easy 55MPG A full tank will cost £60 when fuel hits £2 per liter and you will probably get 300+ miles out of that. At my max usage that's 2 tanks a month at £120 so just looking at purchase costs and fuel, that's only £270 per month.
the most basic 500 e is £300 per month on PCP with a bigger deposit (and a much bigger final payment) so that's already £30 more than the petrol and I haven't plugged it into the wall at home yet.
The 500 1.2 will need servicing so that's £150 a year or £80 if I do it myself. All other repairs and consumables likely to be required would be needed on both so I won't bother including that.
Now obviously this doesn't factor in depreciation but that's the reason I compared PCP deals and not HP or cash deals.
Good point.Comparing apples to apples, the most basic fiat 500 1.2 8v petrol costs £150 per month on PCP usually with a £150 deposit, that's the typical finance price I have been seeing for that, it used to be a lot cheaper. That will get you an easy 55MPG A full tank will cost £60 when fuel hits £2 per liter and you will probably get 300+ miles out of that. At my max usage that's 2 tanks a month at £120 so just looking at purchase costs and fuel, that's only £270 per month.
the most basic 500 e is £300 per month on PCP with a bigger deposit (and a much bigger final payment) so that's already £30 more than the petrol and I haven't plugged it into the wall at home yet.
The 500 1.2 will need servicing so that's £150 a year or £80 if I do it myself. All other repairs and consumables likely to be required would be needed on both so I won't bother including that.
Now obviously this doesn't factor in depreciation but that's the reason I compared PCP deals and not HP or cash deals.
It's interesting how cheap those little Fiats are.
But I think weighing off purchase/lease costs against fuel costs, EVs may be getting closer to challenging the economics of the banger than many people realise.
Everybody will have a different view on the right way to do the sums over the next few years.
In our case, if we needed to change cars, I'd look at going from a Diesel estate plus a petrol hatchback to an IC estate and an electric runabout, and try to shift miles onto the electric. As it is, I think the state of the used car market suggests we hang on for a year or 18 months.
And use my bike more!
McAndy said:
For me, it's getting close to leasing and charging an EV being cheaper per month than the fuel alone in my current hack.
As I put the EV through the company, it's easily cheaper to lease and run the £80k+ EV than privately lease/PCP or pay BIK and run a basic Golf.And even if it were not for having a ltd to put the EV through, good personal lease deals on EV's still exist and the overall savings on running them will offset the cost of leasing and running a comparable spec/power/size ICE.
Which is as it should be. Short term supply issues aside, from a manufacturing and servicing point of view the EV powertrain is far, far simpler and cheaper than the complexity of ICE. Overall we will probably never see a 'drop' in car prices as inflation and demand remain high during the transition period. But what we have already seen are a lot of people that used to have a fairly middle of the road ICE car are now finding their way in to an EV with double the power and smoother, easier driving experience for similar overall cost. So perhaps we won't see cars get 'cheaper', just better - for the same sort of money.
you might get in trouble if you get found out thoughMcAndy said:
For me, it's getting close to leasing and charging an EV being cheaper per month than the fuel alone in my current hack.
My current hack cost me £30 a month petrol, going to need to be something from Korgie for me. Remember the Electricity prices are going up again in October so there is no real escape from high energy prices. The recent headlines seam to be a new filler as the £1.73 price has been the same for a few weeks now.ashenfie said:
My current hack cost me £30 a month petrol, going to need to be something from Korgie for me. Remember the Electricity prices are going up again in October so there is no real escape from high energy prices. The recent headlines seam to be a new filler as the £1.73 price has been the same for a few weeks now.
Oh yes, I’m under no illusions! I do my calcs based upon daytime rates, so when I switch to overnight charging it’s a pleasant bonus!I have done the maths on a newer, more efficient ICE, and it is better, but not by enough to dissuade me from switching.
But I also recognise that different things work for different people and user cases
McAndy said:
ashenfie said:
My current hack cost me £30 a month petrol, going to need to be something from Korgie for me. Remember the Electricity prices are going up again in October so there is no real escape from high energy prices. The recent headlines seam to be a new filler as the £1.73 price has been the same for a few weeks now.
Oh yes, I’m under no illusions! I do my calcs based upon daytime rates, so when I switch to overnight charging it’s a pleasant bonus!I have done the maths on a newer, more efficient ICE, and it is better, but not by enough to dissuade me from switching.
But I also recognise that different things work for different people and user cases
Two weeks ago we did Suffolk from the South Coast in our XC40 Recharge. c.£6.on the home charger up there plus £10 for granny charging at my mates house.
Tye Green said:
those rates of 5p per kwh are probably disingenuous because most dual-rate tariffs available now that offer cheap off-peak are loaded during the peak time such that the total cost of all usage averages about the same or sometimes above.
in other words watching the telly or running the dishwasher is subsiding charging the car!
No just run the house off the battery that you have charged with solar or cheap overnight lecky in other words watching the telly or running the dishwasher is subsiding charging the car!
Having had a cheap Zoe when they were 99 quid a month few years back (plus 80quid battery) , I recently got an email about the new Zoe, 199 a month, 8k miles per year, 3 years, ‘including battery’.
Wow, that sounds not too bad.
Small print,……9600 deposit…….!
Wtf, how can they ‘sell’ a deal based on 199 per month like that. The 9600 down is only noted when you go into the deal ts and cs
So it’s basically 17k to do 24k miles ie 68 p per mile, before add any electric to the equation.
That seems like a lot to me.
Wow, that sounds not too bad.
Small print,……9600 deposit…….!
Wtf, how can they ‘sell’ a deal based on 199 per month like that. The 9600 down is only noted when you go into the deal ts and cs
So it’s basically 17k to do 24k miles ie 68 p per mile, before add any electric to the equation.
That seems like a lot to me.
poo at Paul's said:
Having had a cheap Zoe when they were 99 quid a month few years back (plus 80quid battery) , I recently got an email about the new Zoe, 199 a month, 8k miles per year, 3 years, ‘including battery’.
Wow, that sounds not too bad.
Small print,……9600 deposit…….!
Wtf, how can they ‘sell’ a deal based on 199 per month like that. The 9600 down is only noted when you go into the deal ts and cs
So it’s basically 17k to do 24k miles ie 68 p per mile, before add any electric to the equation.
That seems like a lot to me.
It does sometimes feel that peak ‘low cost EV ownership’* is maybe behind us, instead of in front….those are crazy numbers Wow, that sounds not too bad.
Small print,……9600 deposit…….!
Wtf, how can they ‘sell’ a deal based on 199 per month like that. The 9600 down is only noted when you go into the deal ts and cs
So it’s basically 17k to do 24k miles ie 68 p per mile, before add any electric to the equation.
That seems like a lot to me.
* although purchase cost was always a good 10k more than the equivalent ICE….
Fiat 500e bought in 2020 for £13K (imported second-hand from the US). Just over 100-mile total range, and averages over 300 miles a month.
The total running cost has been under £1000 a year, which is mainly the insurance cost for us. Compared to the petrol Fiat 500 we do save a fair chunk on driving costs and vehicle tax.
The total running cost has been under £1000 a year, which is mainly the insurance cost for us. Compared to the petrol Fiat 500 we do save a fair chunk on driving costs and vehicle tax.
Ransoman said:
OutInTheShed said:
Ransoman said:
Folks, can you please include finance or lease costs as otherwise your cost breakdowns are very misleading.
It's great that your tesla model 3 is costing you 6p per mile but how much is that when you factor in the purchase price?
Depends what you want to know.It's great that your tesla model 3 is costing you 6p per mile but how much is that when you factor in the purchase price?
There's three main elements of cost for a vehicle,
1 the capital cost of buying it or leasing it or whatever and just having it sat there.
2 the fixed annual costs like year-based depreciation, insurance, MoT etc
3 the cost of each mile. That's fuel and wear-based repairs, mileage based depreciation.
Sometimes I want to know what's my total yearly cost for 10k miles, sometimes I want to know what does it cost to drive to Cumbria given that I'm already committed to owning the vehicle.
You can look at it many ways, if the Tesla is leased, then maybe up to a mileage limit, the cost of an extra trip is really just the electricity. But then go over your limit it's how many p per mile?
But unless everyone's looking at it the same way, we might as well be listening to Boris?
Just tell us raw information. So many miles per kWh, and how many of you have had significant repair or servicing costs? Please?
Comparing apples to apples, the most basic fiat 500 1.2 8v petrol costs £150 per month on PCP usually with a £150 deposit, that's the typical finance price I have been seeing for that, it used to be a lot cheaper. That will get you an easy 55MPG A full tank will cost £60 when fuel hits £2 per liter and you will probably get 300+ miles out of that. At my max usage that's 2 tanks a month at £120 so just looking at purchase costs and fuel, that's only £270 per month.
the most basic 500 e is £300 per month on PCP with a bigger deposit (and a much bigger final payment) so that's already £30 more than the petrol and I haven't plugged it into the wall at home yet.
The 500 1.2 will need servicing so that's £150 a year or £80 if I do it myself. All other repairs and consumables likely to be required would be needed on both so I won't bother including that.
Now obviously this doesn't factor in depreciation but that's the reason I compared PCP deals and not HP or cash deals.
Service and tax you can again take the (£150 + cost of tax)/12.
Cost per mile for fuel is the harder factor as you don't say if you can home charge i.e. 7p verses 28p per kwh. I guess a 500e could do around 4.5 miles per kWh. Your suggested max usage is 600miles per week, which seams high. So it ((Annual average mileage/12)/ 4.5 or 55) * cost per kWh or litre = monthly fuel cost.
You will seemany things calculated in EV forums, but above is all you need to compare.
Ransoman said:
At the moment EV's are far from bangernomic territory so the purchase costs of the car are definitely worth sharing.
Comparing apples to apples, the most basic fiat 500 1.2 8v petrol costs £150 per month on PCP usually with a £150 deposit, that's the typical finance price I have been seeing for that, it used to be a lot cheaper. That will get you an easy 55MPG A full tank will cost £60 when fuel hits £2 per liter and you will probably get 300+ miles out of that. At my max usage that's 2 tanks a month at £120 so just looking at purchase costs and fuel, that's only £270 per month.
the most basic 500 e is £300 per month on PCP with a bigger deposit (and a much bigger final payment) so that's already £30 more than the petrol and I haven't plugged it into the wall at home yet.
The 500 1.2 will need servicing so that's £150 a year or £80 if I do it myself. All other repairs and consumables likely to be required would be needed on both so I won't bother including that.
Now obviously this doesn't factor in depreciation but that's the reason I compared PCP deals and not HP or cash deals.
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.Comparing apples to apples, the most basic fiat 500 1.2 8v petrol costs £150 per month on PCP usually with a £150 deposit, that's the typical finance price I have been seeing for that, it used to be a lot cheaper. That will get you an easy 55MPG A full tank will cost £60 when fuel hits £2 per liter and you will probably get 300+ miles out of that. At my max usage that's 2 tanks a month at £120 so just looking at purchase costs and fuel, that's only £270 per month.
the most basic 500 e is £300 per month on PCP with a bigger deposit (and a much bigger final payment) so that's already £30 more than the petrol and I haven't plugged it into the wall at home yet.
The 500 1.2 will need servicing so that's £150 a year or £80 if I do it myself. All other repairs and consumables likely to be required would be needed on both so I won't bother including that.
Now obviously this doesn't factor in depreciation but that's the reason I compared PCP deals and not HP or cash deals.
mikeiow said:
poo at Paul's said:
Having had a cheap Zoe when they were 99 quid a month few years back (plus 80quid battery) , I recently got an email about the new Zoe, 199 a month, 8k miles per year, 3 years, ‘including battery’.
Wow, that sounds not too bad.
Small print,……9600 deposit…….!
Wtf, how can they ‘sell’ a deal based on 199 per month like that. The 9600 down is only noted when you go into the deal ts and cs
So it’s basically 17k to do 24k miles ie 68 p per mile, before add any electric to the equation.
That seems like a lot to me.
It does sometimes feel that peak ‘low cost EV ownership’* is maybe behind us, instead of in front….those are crazy numbers Wow, that sounds not too bad.
Small print,……9600 deposit…….!
Wtf, how can they ‘sell’ a deal based on 199 per month like that. The 9600 down is only noted when you go into the deal ts and cs
So it’s basically 17k to do 24k miles ie 68 p per mile, before add any electric to the equation.
That seems like a lot to me.
* although purchase cost was always a good 10k more than the equivalent ICE….
So it may be 14700 for 12k miles over 25 months.
Insane prices for a Zoe imho.
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).* although purchase cost was always a good 10k more than the equivalent ICE….
I thought technology was suppose to get cheaper with time?
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.
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.
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