Gas vs Electric Cars, The Cost Of “Fueling” An Electric Car: Video

JAN 4 2019 BY STEVEN LOVEDAY 47

How much will it cost to drive an electric car for a year?

Yes, EVs are more expensive than gas cars. Thankfully, that statement will not be true into the future. However, fuel costs for an electric car are significantly less than the cost to gas up. Still, your savings depend on a critical variable.

Australian-based automotive publication and YouTube channel Drive.com.au aims to help consumers with vehicle buying decisions. The channel recently published a series of educational videos, including the above. Let’s take a look at the details.

Drive makes it abundantly clear that the plug-in hybrid and all-electric cars will save you substantially in terms of fuel costs. But, you have to be careful about when you charge your EV.

For example, based on Australia’s average gas and electricity prices, it will set you back $942 to gas up an Audi A1 Sportback for a year (15,000 km). A Toyota Prius hybrid will cost about $762. Fueling a Mitsubishi Outlander PHEV with a mix of gas and electricity costs around $533 per year, while charging a BMW i3s for a year comes in at $694.

However, here’s the kicker. If you charge the i3s at peak hours, it could cost a whopping $1,195 per year. Conversely, if you charge during non-peak times, the electricity will only cost you $409 per year. This fluctuation is monumental compared to the little variation in prices at the gas pump.

How much have you saved by going electric? Share your story with us in the comment section below.

Video Description via Drive.com.au on YouTube:

Petrol Cars VS Electric Cars, The Cost Of Owning An Electric Car | Drive.com.au

EVs save you on fuel costs, but what are the other costs of owning an electric car? We breakdown the cost of fuel vs electricity for a full year of car ownership.

Categories: Comparison, General

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47 Comments on "Gas vs Electric Cars, The Cost Of “Fueling” An Electric Car: Video"

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considering that when you charge at home you do it overnight, which I assume is offpeak hours, then your bill should be 409$ (However, when it is night in Oz, it is daytime on the other side of the world so it is puzzling to know how much it will cost!).
When you have to charge during the day, it will cost you either a commercial fee or nothing depending on the charger, and regardless peak hours, so …

I’ve been keeping some records of the Electric Miles that I do in my 2015 Outlander. Here in the UK, we pay at the moment around £1.20 per litre for petrol. A month ago, it was £1.30. Today I charged my car at £0.15/kW and then did a journey of 15 miles. If we assume that I used all the charge I put into the car (I didn’t) and also assume 45mpg The electric cost of the trip comes out at approx £0.87 and the Petrol cost for the same trip would be £1.75. That is pretty well double the cost of the battery powered journey. The journey today was done at a temp of 2-3C so the battery was cold and therefore less efficient but I will ignore that. This past calendar Year I’ve done around 6650 miles locally on battery. Thats £775 I have not had to spend on gas. Oh, and my electric mileage over the year really costs me £0.00 as I charge in the summer using power from my PV system. I generate twice as much as I consume over the year and the net cost of my local driving is as close to zero… Read more »

a gas car would also be very inefficient in the COLD. In fact the 1st 5 or 10 miles get terrible MPG even when it’s warm out. Short trips in a gas car are very bad all the time.
QUOTE=journey today was done at a temp of 2-3C so the battery was cold and therefore less efficient but I will ignore that.

I forgot to add that my Grid Electricity is 100% renewable and is charged at a flat rate so there is no benefit of charging at night.

Do Not Read Between The Lines

Depends on gas price v electricity price and the efficiencies of the vehicles involved.
So, no, it’s not pretty clear.

Nothing is clear, to everyone, howsoever that does not mean that it’s unclear or difficult or not obvious to everyone else.

Agreed, With my Volt at 120V regular residential rate (not time of day metering), it is more expensive to recharge than fill up with gas with gas prices the way they are now where I live ($1.89/gal).

what are you paying for KwH? And being 120 or 240 does not matter.

No mention of resale or the fact the battery doesn’t need replacing on the Tesla, but he implies it will by saying $12,000 replacement fee estimate for the battery.

Obviously very dependent on local gas prices and electricity prices. Electricity prices vary much more widely than gas (night vs day, home vs free public charger vs paid public charger). I believe that charging at my house at night could cost between 26% and 34% of the price of fuel (in Ontario). I have no idea what paid high current DC charging would look like. Obviously it is better for the environment to power vehicles with electricity that is produced in a green fashion (and given the inefficiencies of producing and shipping gasoline, even electricity produced in a coal fired plant is probably better than using gas). But from a pure cost of fuel standpoint (and the additional cost to enable electric mobility), by the time you add the cost of the home charger and extra cost of an EV (higher vehicle price, additional sales tax and additional financing), your savings might not come until 5 or more years of ownership. This proved true for my analysis of a Rivian truck R1T vs an F150. The extra sales tax ($5200) and additional financing ($7300) alone equate to about 4.5 years worth of gas for the F150. Add in the cost… Read more »

I don’t know how “green” or “dirty” your local power is, but based on the math I did for my car a few years ago here in Utah, until you can get a car that does better than 82 MPG the electric car was cleaner…

You also need to factor in the accelerated depreciation of EVs for total cost of ownership. The INL/DOE has some great published studies available on their website on this using EV fleet vehicles. Long story short, roughly 5 years and 50k miles to breakeven for fleet vehicles. It’s not too bad really. I typically get attached to cars and keep them for much longer than that, though the rate at which EV tech is progressing will likely prompt a quicker turnover than I am use to.

Between now and 2022, do the following:

-Have one of your electrical savvy friends help you install a NEMA 14-50 outlet in your garage (one afternoon, beer, pizza, $50 in parts)

-Put ~ $1200 per month into an interest bearing account so you can buy that R1T for cash (“like a boss”) thus avoiding $7300 in unnecessary finance charges

-Consider installing solar panels at your house; even a small array makes enough to cover EV usage on net metering

too may variables when considering total cost of ownership. just considering cost of gasoline vs electricity the electric vehicle when charging at home overnight is by far cheaper than filling my Prius with gasoline. $30/month for the BMW i3 vs $180/month for my Prius. we can’t speculate on battery replacement costs that may never happen.

Here’s the math I did before buying my Model 3. The car I was driving was averaging 22 mpg which at the time (last summer) yielded a cost of $0.12 per mile for fuel. I estimated the cost for Model 3 at $0.03 per mile based on personal experience with a Leaf and that has turned out to be very accurate. Therefore the Model 3 would save me $0.09 per mile in fuel costs.

Here’s the kicker, I drive about 50k miles per year, mostly work related travel. So at $0.09 per mile the Model 3 will save me $4500 per year in fuel expense or $18k over my expected 4 year / 200k mile service life. Even with gas now down to $2/gallon that’s still a savings of $12k over 4 years IF gas stays that low, which I do not expect.

So higher up front cost of $10k to $15k compared to what I would have purchased vs lower operating costs of $12k to $18k for what is a completely superior driving experience. It was a no freakin brainer for me!

“It’s pretty clear that it’s cheaper to fuel an electric car than it is to fill up an ICE car with gas. ”

No, it isn’t clear at all. For the US, you can easily compare costs at fueleconomyDOTgov.

In California, it is cheaper to run any Toyota hybrid (for example) than my Leaf on standard residential electric rates. Night rates only work if you don’t use any electricity during the day. My next car will probably be gas, they are reaming us here.

According to that site, at my CA prices today, a Prius hybrid costs $21/year more than a Leaf to operate.

I agree that nighttime rates are not all they are cracked up to be since daytime rates are higher. It depends on your specific use profile as to whether that will save you $ or not.

For a family of four in San Diego, using the grid power costs about double of Prius. It’s not bad considering it’s still 25 MPG, but putting up with EV stuff and paying equivalent of 25 MPG gasser is sour.

I don’t drive much but I still save $500 per year.

Wut. Here in Missouri, electricity is under 13¢ per KWH (summer) and under 9¢ (winter) , not 34¢. If you go with time-of-day charges, and charge at night, it’s under 8¢ in the summer.

Also Missouri usually uses $USD and Aussi $AUS.

There are many people charge their EVs at work for free, so fuel cost is very close to zero.
I haven’t heard any company install gas station at work and offers free gas.

Vagueness.

Many statistics posted on websites are made up.

73.2% of them. That’s a fact.

The TOU discussion misses one important point. Yes, your nighttime EV charging is cheaper, but the day use of your electricity costs more, offsetting those gains. So you have to look at your total electric bill to accurately assess whether an EV is cheaper. In my case, TOU would reduce my nighttime electricity by 14¢ per kWh but my daytime goes up by 20¢. In the end I save nothing with a TOU plan. If I were charging 20kWh per day would be one thing, but my commute only uses ~5kWh.

My CA prices put me at ~7¢/mile on gas and 5¢/mile on electricity. Not much savings but they are still there.

In NYC, last I checked the flat rate plan was about $0.30/kWh, while the TOU plan had a whopping $1.30/kWh rate during the dreaded Super-Peak Pricing period, which is 2 PM to 6 PM on weekdays from June to September. While I don’t remember what the regular Peak Pricing kWh rate was, I vividly remember that the Peak Pricing period was from 8 AM in the morning all the way to midnight. Yikes!

In SoCal…for the expensive sumer time which lasts only 4 months…and there is no super peak in weekends (winter is cheaper):comment image

Depends on what part of SoCal. San Diego is lot higher for 6 months. Off peak is $0.19 (midnight to 6AM), super on peak is close to $1.50/kWh (yes, way over $1/kWh).

????? This is for residential and from nuclear power plant?????

WOOF.
You guys are at .46 / kwh for peak? MY GOD THAT IS OUTRAGEOUS. You need to put on solar and sell back during the daytime. Likewise, you need to get a Tesla battery. When you have a .34 difference between night time and daytime, then that battery pays itself off.

They must have to charge over $1/kwh due to all the explosions Consolidated Edison causes in Queens.

I have solar panels and I generate more power than I use during the day. It would be great to have a $1.30 kWh rate from 2pm to 6pm because my utility has to pay me retail rates when I produce more than I use.

2 days ago I was looking for new tariffs for public chargers in Germany. One of my results was that if you have like a Hyundai Kona Electric (Typ2 1phase = max. 4.6kW (asymmetric load limit)) and are using a tariff that has a time factor (at the moment this is quite usual), you’re very quickly at 0.50-1.50EUR/kWh. If it’s just a 11kW Typ2 of course even more because 1phase is then 3.6kW. Domestic electricity is usually around 0.26EUR/kWh + some EUR/month basic fee (I think in my contract it’s like 8EUR/month). So you better charge faster. Of course, tariffs for DC fast charging can be more expensive per min than the ones for Typ2.
Sometimes there’re also flat fees which can result in ca. 0.10-0.20EUR/kWh if your batterie is quite empty and you charge to 100% SoC (which can take some time…).
Free chargers are often time limited and for customers of that shop only. And I’m usually quite fast especially in supermarkets – and my prefered supermarkets don’t have that…

notting

Understood about the 20 ampere imbalance limitation, but I missed the part about how this exactly affects your electricity bill. Please Clarify.

I did the math a little differently for my Audi PHEV…

Based on the cost when it is in gas mode and the cost when it is all electric, when gas costs $0.58 a gallon I will pay the same in either mode. Until that time it is cheaper when I am all electric.

Seems like a savings to me, but your local electric price may vary.

As more EV penetration increases, electric prices will go up. Economics 101.

In less than a decade, an EV will be more expensive to fill-up.

As EV penetration goes up so does solar and wind and they help drop the price.

Here in Ga. rates are generally low, 5-15c/kwhr, which translates to 1-3c/mile. But since we have Ga. Power, various EMCs and even city utilities which all trade and resell power there is no standard rate plan, one EMC even offers 400kwhr of off peak free power if you sign up for their TOU rate, can’t beat that! I personally had a great TOU plan before I moved, now on a clueless city utility… Time of use? What’s that?

Ok nerds, the math isn’t that hard. Pick up your electric bill and find the $ per kwh for power (off peak if it makes a difference). Each kwh charged will give you roughly 3 miles of range (varies a little by each model of EV). So if you want to compare to a car that gets 30 mpg and your home electricity costs $.10 per kwh, that would be about $1 in electricity for one gallon of gas in equivalent electrical range. Not bad. (30 miles per gallon x $.10 per kwh) / 3 miles per kwh = $1.00 MPGe cost equivalent If you pay for DC Fast charging, it normally ends up costing more than gasoline in the USA right now. Per INL/DOE study, it costs a DCFC station owner nearly $1 per kwh to charge your car with all costs figured in, although they are only charging about $.35 to $.40 per kwh to customers right now. Yea, they are all losing money right now, so no surprise why there are not more of them and you should feel privileged every time you use one because someone else is losing money. Anyways, if you drive a vehicle… Read more »

Yup, using electricity at home is under half the cost of gasoline for my PHEV, (and therefore my BEV is cheaper to run than a gasoline car in 3 out of 4 seasons). But as others have stated it rather depends on where you live and no hard and fast rules apply everywhere.

Why is it so expensive? Electricity that expensive there? In USA BMW X3 gives me 20 MPG in city, gas at 3 $/Gal is 15 cents a mile. Tesla model 3 giving 4 miles per kWh, kWh costing 6 cents generation, 6 cents delivery, works out to 3 cents a mile. 5 times cheaper. What is wrong with Australia? Gas is cheap? OR electricity is expensive? Or i3 is very inefficient?

No, it isn’t. Looking at an AGL bill for a home in Sydney (NSW) and the cost is $0.289/kWh, plus $0.84/day for the supply charge. And that’s without the discounted amount if paid on time. Totally misleading video, even more so considering how many people have solar panels.

He is reporting 0.136 kWh/100 km. This is ridiculous, Tesla model 3 is 0.246 kWh per mile! The graphic must be wrong, i3 should be 0.136 kWh/ km not 100 km. So looks like i3 is more efficient than Tesla model 3. Electricity seems to awfully expensive in Australia.

We have net metering in NV, and our solar panels have put out an average of about 6 kWh/day more than we use over the last 10 years, so we pay a set fee of about $20/month for electric. I converted a car to electric 9 years ago and charge it any time of day. I doesn’t matter, still $20/month. Bought a Bolt several months ago. Bill is still $20/month.

Most public chargers in Scotland are free to use. So we try to use our local chargers as much as possible. Which means we just top off at home about once a month. I reckon it has cost less than £100 to do 14000 miles in the last 12 months.

My electric bill goes to Florida Power and Light (FPL). Each kWh costs US$0.13 according to my billings. If I add the various monthly FPL fees it comes to $0.15/kWh. I keep track of the charges and odometer readings for my Tesla Model X and on average the cost is $426 for a 15,000 km year. That said, it makes no difference what time of day I charge because FPL has only a single rate, there is no nocturnal discount (unfortunately). Anyway, it works out to be about half what an expensive ICE SUV would cost at today’s gasoline prices in the US.

This article is discussing Australian prices. If you’re paying more than AUD$0.34/kWh then that’s really expensive electricity. Based on i3 getting about 6km/kWh, that 15,000km trip cost AUD$850. Not sure where they get $1,195 from.
TOU should be able to get $0.15/kWh so if you’re able to home charge off peak then it could be as low as $375.00
Now my LEAF is lifetime averaging better than 6km/kWh so in my case it would be cheaper again.
By the way, at $1.40/lt for fuel, my other car gets 7.5lt/100km, so it would have cost AUD$1,575. That’s 4x more in fuel cost. If I use my solar, with lifetime average cost of $0.08/kWh it would cost only about $200. Can’t understand why Solar plus EV isn’t being resoundingly demanded by everyone. Crazy cheap to own.

wow. thanx to all of you for writing how your electric rates are. I have to say that I used to think that ours was high, but $1.40 / kwh is insane.