Mustang_Lou
Well-Known Member
- Joined
- May 1, 2016
- Threads
- 13
- Messages
- 1,843
- Reaction score
- 822
- Location
- Toronto, Canada
- Vehicle(s)
- 2020 Mustang Bullitt
EV's are more expensive than ICE vehicles but with Gov't rebates it can get closer but if it's only about the $ you'll need to calculate when the break-even is to see if it's worth it for you. The gas savings are huge compared to the electricity costs. There's less maintenance.
Other non-monetary factors that hold value to you will need to be taken into account as well. Things like the driving experience. The need to not have to stop every week to fill up with gas (on a cold day it's worth more value).
My daily is a 2017 Chevy Volt (after owning a 2014) and it's got a backup gas engine that kicks in when the battery runs out. You know when the last time I put gas in it was? Feb.01, 2019. It gets me to work and back on battery and it starts charging at 7 pm when hydro rates go down - costs me less than $1 per day to charge. Compare $30 a month to $300 or so for a similar-sized vehicle. $3,000 a year in "fuel" savings means maybe after a couple of years or so you're into break-even territory and it's all gravy after that.
There are challenges with the speed of charging up and until charging stations are more available (like maybe at every gas station), it's a tough sell for someone's only vehicle. That's why I love the Volt - no range anxiety. When I run out of charge, I just fill-up with gas until I'm home to charge it up again. Best of both worlds.
Other non-monetary factors that hold value to you will need to be taken into account as well. Things like the driving experience. The need to not have to stop every week to fill up with gas (on a cold day it's worth more value).
My daily is a 2017 Chevy Volt (after owning a 2014) and it's got a backup gas engine that kicks in when the battery runs out. You know when the last time I put gas in it was? Feb.01, 2019. It gets me to work and back on battery and it starts charging at 7 pm when hydro rates go down - costs me less than $1 per day to charge. Compare $30 a month to $300 or so for a similar-sized vehicle. $3,000 a year in "fuel" savings means maybe after a couple of years or so you're into break-even territory and it's all gravy after that.
There are challenges with the speed of charging up and until charging stations are more available (like maybe at every gas station), it's a tough sell for someone's only vehicle. That's why I love the Volt - no range anxiety. When I run out of charge, I just fill-up with gas until I'm home to charge it up again. Best of both worlds.
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