The cost of running an electric car

[Cobaltblue]

Interesting figures, thanks Cobaltblue!

Given that EV's cost more to buy right now, at how many miles do you reckon the break-even point will be?

Tax is likely to be raised on EV in the future to replace lost non-EV vehicle revenue as people changeover.

Quite likely... not only Vehicle Excise Duty, but also fuel duty.

Right now home heating oil is a lot cheaper than petrol or DERV at the pump... because of the road duty. But it's illegal to use home heating oil in my Diesel car.

Yet I could charge an electric car and pay the same tariff as I'd pay to run an electric fire. Some point this may change?

My friend Cassandra says security of supply is more important than savings. No-one ever believes her gloomy predictions but she's always right.

I'd say that the electric vehicle will have better security of supply... it's extremely rare that electricity is off for more than 12 hours, but petrol/diesel supply scares are more common. Moreover, having a generator, it's possible to charge an EV given a few gallons of fuel, but it's not possible to fill up a tankful with access to the National Grid.

I haven't worked out the break even point I might give it a go, The Tesla was 53,000 but my last car was 40,000 and that was over 5 years ago. All the Vehicles I was looking at were all in the upper end of 40K and lower end of 50K at my age I'm done with cheaper cars with their dodgy seats and lack of driver fun. Over the 4 years I will keep it it works out well for me as I need to drive for my job and as our company like to promote its "green credentials" an all electric car is a good choice from both the Tax benefits (Salary Sacrifice) and the amount per mile I get on business trips. I have paid the Balloon payment on 4 out of the last 5 cars to use as our second car.

Who knows what future Governments will do certainly the lucrative Tax that they enjoy on fuel at the moment will have to be replaced by something probably pay per mile which will effect all vehicles including EV's. But the Genie is out of the bottle it wont be easy to tax electricity at differing rates and unlike dyed fuel its not that easy to tell how power was sourced

Having been around Electric cars now for over 10 years I first drove a Nissan Leaf in 2012 it was surprising. Here's the thing not all electric cars are the same.
Having driven quite a few the Chinese, Koreans and Tesla are handing the European and American (other than Tesla) car makers a painful lesson in how to build EV's. The Japanese including the Mighty Toyota seem to be determined to commit Hari Kari and VAG if things don't change will be bankrupt within 3 years
If you interested in what's happening with EV's  what's coming and price reductions check out the Electric Viking, as with any Youtuber you have to be wary of anything said but to date I have found his predictions and views reasonably accurate  (403) The Electric Viking - YouTube

Cheers

Mike T