Really hard to pay for gas after 8 years of EVs.

[macarose]

I own a dealership, and regardless of how much my wife and I drive we still fill up whatever gasoline is needed for our inventory.

It's a hefty bill. About $4000 a year, and that's with trying to find whatever discounts, apps, and other cash back credit cards that ease the blow.

But for our daily driving, we're addicted to EVs. Electricity is only 7.5 cents per mile where we live and we do a lot of local non-highway driving. Our average cost is only 1.5 cents per mile without factoring in the free two-hour Level 2 charger that's just a few miles from our home.

Our gas cost for the same driving is around 10 to 11 cents a mile. Multiply that by 1,500 miles a month, and we're throwing a bit over $150 a month into the financial incinerator versus just over $20 for the EVs.

I don't think EVs are for everyone. Low electricity cost. Lots of local driving. A garage or a reliable place to charge. There are a lot of hoops that need to be jumped and most of the USA does not have easy access to most of them.

But I really hate burning my wallet to get from boring point A to boring point B. I guess the same can be said for anyone going from a compact car to a large truck or SUV.

That pain at the pump is all too real.

 

[John105]

I feel much differently than you, obviously. We are awaiting delivery of our 6.2 liter V8 that uses premium and EPA rated 14. I don't love the notion of 14, seriously. But I'm getting older and it's time to have naturally aspirated 420 HP and 460 lbs. ft, that is, without turbocharging, before it's gone completely. I think the V8 was almost extinct, but it may be coming back.

I only drove 3 EVs and boy did I not like the way they drove. If owning a car made any sense, and it does not, then because I have to pay for something that does nothing 20-22 hours per day, every day, I'd rather have it be something I enjoy being inside of. Besides, the EVs that have 123 cu ft of cargo space aren't that common. jmoymmv I whip out the 5% gas card and don't look back

 

[Jetronic]

Unfortunately, electric would cost me 10x as much as you, as I'd be bound to commercial chargers. And that makes overnight charging a hassle aswell. gas costs me 15 cts per mile, and ice vehicles are much cheaper up front.

 

[Slick3914]

Not everyone can charge for free

 

[Rand]

How is electricity 7.5 cents per mile? 1.5 cents per mile? Seems like you typo something up there

 

[demarpaint]

Electric is high in this neck of the woods. Then factor in the higher cost to insure an EV here, longer charge times vs. gassing up on road trips, still a hard pass for me.

 

[4WD]

I feel much differently than you, obviously. We are awaiting delivery of our 6.2 liter V8 that uses premium and EPA rated 14. I don't love the notion of 14, seriously. But I'm getting older and it's time to have naturally aspirated 420 HP and 460 lbs. ft, that is, without turbocharging, before it's gone completely. I think the V8 was almost extinct, but it may be coming back.

I only drove 3 EVs and boy did I not like the way they drove. If owning a car made any sense, and it does not, then because I have to pay for something that does nothing 20-22 hours per day, every day, I'd rather have it be something I enjoy being inside of. Besides, the EVs that have 123 cu ft of cargo space aren't that common. jmoymmv I whip out the 5% gas card and don't look back

14/20 EPA rated?

 

[Astro14]

Electricity is .14/kWh here - on the regular, non-discounted plan.

My wife, in talking about her new plug-in hybrid, will often say, “I haven’t bought gas in months!” Which is completely true.

We charge at home, at the rate above. Rough math - looking at my Tesla charger app and seeing the kWh usage - and her typical number of miles - is about .07/mile. Gasoline (the car requires premium, which is is about $4.00/gallon here) is about .20/mile.

Because we are talking about the same vehicle, able to run on either, this is a direct comparison, not a comparison between, say, a big truck using gas and a smaller EV, but the same exact vehicle using either “fuel”.

Gasoline is roughly three times the price per mile of electricity for her SUV.

 

[RhondaHonda]

I’ve got both, an EV at ~$0.13/kWh and a 6.2 V8 that averages 15 mpg using premium.

The Tesla gets about 15,000 miles per year and the Yukon XL about 20,000.

They are 2 very different vehicles but that 6.2 may as well feel like a lawn mower engine compared to the Tesla, it’s not even close. I don’t miss dropping $120-$140 every 9-10 days to fill the Raptor tank when I now spend around $60/month to charge. Obviously that’s not an apples to apples comparison with a big truck and an electric crossover but I enjoy the savings.

 

[GON]

I own a dealership, and regardless of how much my wife and I drive we still fill up whatever gasoline is needed for our inventory.

It's a hefty bill. About $4000 a year, and that's with trying to find whatever discounts, apps, and other cash back credit cards that ease the blow.

But for our daily driving, we're addicted to EVs. Electricity is only 7.5 cents per mile where we live and we do a lot of local non-highway driving. Our average cost is only 1.5 cents per mile without factoring in the free two-hour Level 2 charger that's just a few miles from our home.

Our gas cost for the same driving is around 10 to 11 cents a mile. Multiply that by 1,500 miles a month, and we're throwing a bit over $150 a month into the financial incinerator versus just over $20 for the EVs.

I don't think EVs are for everyone. Low electricity cost. Lots of local driving. A garage or a reliable place to charge. There are a lot of hoops that need to be jumped and most of the USA does not have easy access to most of them.

But I really hate burning my wallet to get from boring point A to boring point B. I guess the same can be said for anyone going from a compact car to a large truck or SUV.

That pain at the pump is all too real.

Once everyone is mandated to use EV only, the current cost savings of EV for many will be eliminated. EV users are currently on "teaser rates". The real rates will be coming sooner or later for EV owners.

 

[macarose]

How is electricity 7.5 cents per mile? 1.5 cents per mile? Seems like you typo something up there

We average five miles per kWh. The average cost is 7.5 cents per kWh. The average cost per mile is 1.5 cents.

 

[AZjeff]

We average five miles per kWh. The average cost is 7.5 cents per kWh. The average cost per mile is 1.5 cents.

Your all in cost is 7.5 cents/kwh? IE monthly $ ÷ kwh used? That's dirt cheap.

Our all in is 19 cents, cost of energy used only is 14 cents/kwh.

 

[Nessism1]

My kid was paying $.57/kWh to use the Tesla supercharger near his gym.

My home electricity costs $.36/kWh. Some of you guys are lucky...

 

[rijndael]

Once everyone is mandated to use EV only, the current cost savings of EV for many will be eliminated. EV users are currently on "teaser rates". The real rates will be coming sooner or later for EV owners.

We can't keep the power grid stable enough for all of our data centers ... I don't know how we'd manage that if everyone was also mandated to have an EV.

 

[Rand]

That definitely makes a bit more sense than what you first said, but how you're arriving at 7.5 cents? For example, my moderate priced Ohio electricity is $0.19-.21 per kilowatt hour. Take your entire bill and divide bill$ by kilowatt hour for the all-in price ?

But for our daily driving, we're addicted to EVs. Electricity is only 7.5 cents per mile where we live and we do a lot of local non-highway driving. Our average cost is only 1.5 cents per

 

[Capt W]

But I really hate burning my wallet to get from boring point A to boring point B.

I use the same logic to look at car ownership on a macro level, choosing to drive old, paid-for cars (three of which I bought new with cash). No ridiculous payments and much lower insurance rates render the cost of fuel almost negligible in the big picture. And I don't give a rat's rear end about peoples' opinions of my vehicles -- any of which I'd happily drive cross-country at a moment's notice.

 

[macarose]

How is electricity 7.5 cents per mile? 1.5 cents per mile? Seems like you typo something up there

We average five miles per kWh. The average cost is 7.5 cents per kWh. The average cost per mile is 1.5 cents

 

[Capt W]

Once everyone is mandated to use EV only, the current cost savings of EV for many will be eliminated. EV users are currently on "teaser rates". The real rates will be coming sooner or later for EV owners.

The mandate will never happen in an authoritarian manner. What's more likely is a gradual transition to EVs over many years as battery technologies are allowed to mature. Kind of like the slow transition to fuel injection from carburetors (which took what...almost 40 years?).

 

[Hohn]

Once everyone is mandated to use EV only, the current cost savings of EV for many will be eliminated. EV users are currently on "teaser rates". The real rates will be coming sooner or later for EV owners.

Electricity rates in general are going to go up quite high rather soon. People have no idea what's coming with the AI boom sucking up huge amounts of computer power and electrical power.

Our ancient grid (and the environmental gridlock of upgrading it) have no chance.

EVs make perfect sense in Norway, the Saudi Arabia of Electricity. But we aren't Norway and it's not looking like we're going to radically expand our grid capacity fast enough or far enough any time soon. Thus, higher rates are coming, hard and fast.

 

[macarose]

That definitely makes a bit more sense than what you first said, but how you're arriving at 7.5 cents? For example, my moderate priced Ohio electricity is $0.19-.21 per kilowatt hour. Take your entire bill and divide bill$ by kilowatt hour for the all-in price ?

My EMC.has a monthly flat fee of $30 that doesn't change whether you consume one kilowatt or a million.

If you consume more than a thousand it goes down to six cents per kilowatt. However that only happens once or twice a year so I didn't include it.