I have been going down a rabbit hole of potentially buy an EV and it’s been astonishing to me, especially living in California, how unattractive it is to buy an EV.
I will give you a few reasons why:
-I have to upgrade my electric panel to support charging -I have to switch to an EV plan through PG&E, which increases my partial and peak kilowatt an hour here is the breakdown of my summer rates (winter is lower by like 10 cents for both plans)
-
E-TOU-C (current plan)
- Peak (4-9 PM): 54 cents/kWh
- Off-Peak: 46 cents/kWh
- Lower rates for usage within Baseline Allowance.
-
EV2:
- Peak (4-9 PM): 59.068 cents/kWh
- Part-Peak (3-4 PM & 9-12 AM): 48.019 cents/kWh
- Off-Peak (All other hours): 27.818 cents/kWh
- Delivery Minimum Bill: $0.37612 per meter per day.
-I have to pay someone to install a wall charger. Got a quote for $1900
-I have to pay an additional $103 a year to register an EV in CA
-On top of all these fees I don’t even qualify for many incentives as as a household we make over 300k which is honestly nothing crazy for coastal California when you factor in living expenses.
With all of these additional upfront costs and insane electric prices how does California expect people to adopt EVs?
I really want to buy one but it seems like more of a statement play and potential car performance play then a smart economic choice.
I did a cost comparison between a used Tesla Model X, a new Ford F-150 Lightning, and a new Toyota Grand Highlander Hybrid. Here’s a summary including assumptions and formulas used.
Assumptions:
- Prices: $70,000 for the Tesla Model X, $65,500 for the Ford F-150 Lightning (after rebate), $56,000 for the Toyota Grand Highlander Hybrid.
- Annual miles driven: 13,500.
- Gas price: $5.73/gallon, Electricity price: $0.27/kWh.
- Toyota MPG: 31.
- EV maintenance costs are 60% of a gas vehicle’s maintenance.
Formulas:
- Annual Fuel/Electricity Cost:
(Miles Driven / Efficiency) * Price per Unit. - Total Cost (5 Years):
Purchase Price + (Operating Costs * 5). - Total Cost (10 Years):
Purchase Price + (Operating Costs * 10).
Results Over 5 Years:
- Tesla Model X: Approx. $77,797.
- Ford F-150 Lightning: Approx. $78,064.
- Toyota Grand Highlander Hybrid: Approx. $73,665.
Results Over 10 Years:
- Tesla Model X: Approx. $85,082.
- Ford F-150 Lightning: Approx. $90,628.
- Toyota Grand Highlander Hybrid: Approx. $85,141.
Conclusion: The Toyota Grand Highlander Hybrid is the most cost-effective over 5 years, while the Tesla Model X becomes more economical over 10 years due to lower operating costs.
The big unknown for me is I’m fairly confident the Toyota will be working well well beyond 10 years. We’re still yet to see how EVs and the batteries hold up over that period of time.
Would love to hear everyone’s thoughts. Coming back to the title if we feel the electric rates are at all time highs due to inflation then maybe the cost analysis is off however, I would assume gas would follow suit. I guess it depends at what percentage one would fall or increase over the next 10 years.
He is looking at a Model X or F-150 Lightning. The Model X you MIGHT be able to pull off on 120V outlet but no way the F-150 can make it.
Lightning takes half a kilowatt per mile. That’s from the EPA window sticker numbers.
Low-end you’re getting 1.3 kw. Let’s say you can charge for 100 hours. 45 hours for work/commute and then an additional 23 hours out of the house per week. (Or 50 work/commute and 18 additional) That’s 260 miles per week.
14,000 miles per year. So a hair short of what the average American drives per year.
I’d say “no way” puts it way too aggressively. I was using low end L1 charging. One can also find public L2 or DC fast charging to supplement your at home charging. Maybe your work place has charging. Maybe you work from home.
L1 charging is too often ragged on and I think this is another perfect example of folks down-playing L1 charging.
I feel like I’m one of the lone supporters of L1 on this sub but I can’t get to the place where I suggest someone with an EV that gets under 2.5kWh/mile to try and live off L1 unless they know they driver very few miles per year and have good DCFC charging nearby. I’ve had an e-Tron for a month with 110V SHARED between it and an i3 and have been fine but asking others to do that is a bit far for me.