Electric Vehicles Would Benefit 90% of US Households
futurity.org
futurity.org
600 USD/yr sounds like much less than the cost of a new electric car. Until that changes, "research" like this is useless.
Not only, it is much more than the difference of costs.
If we assume that to buy a new EV you need only US$ 6,000[0] more than a corresponding ICE model, it makes it a 10 years investment (considering the EV lasts 10 years, and not considering interests or inflation).
It simply makes no sense financially.
[0] more likely it is much more than that, probably in the 10,000-20,000 range.
EV’s look fine for the daily or weekly drives we do. The problem of long haul/freeway worries me re recharging availability and time, and unless battery swapping is possible getting stuck without power will be a bother - can’t carry a couple gallons of electrons.
It is true that EVs aren't great for every All American Roadtrip (a tradition I love and believe in), but they will be a big cost savings for the vast majority of Americans who drive every day to and from work, shopping centers, schools, and parks.
I wrote an article on some other aspects of this, "Drive By: How Tech Will Finally Kill the Auto Business" https://medium.com/gitconnected/drive-by-how-tech-will-final...
Sure, they do not exist in other continents.
>So the cost of filling your electric car at home will be the cost of the electricity that you can buy. Is this less than the equivalent cost of gasoline? Everything in my research says, “Yes, by as much as 2x.”
Well, the article is exactly about this not being true (anymore) in several US states (here in Europe, in many countries, cost for recharging EV's is already the same as the cost of fuel in an ICE car).
I can't speak to electrical prices in Europe, but it is definitely possible to make electricity to power your car cheaper than it is to buy gas.
Broadly speaking, the "economic" car price for an ICE car here (Italy, but prices are not so different in other EU countries) is roughly in the 17-25,000 Euro range while the "same" car in a full electric version is (still roughly) in the 28-35,000 Euro, or at least 10,000 Euro difference.
In ten years/200,000 km, the gasoline/petrol may be 20,000x6/100x1.8=2,160 Euro per year, let's make it 2,200.
To make even the electricity for 20,000 km should cost 1,000 Euro per year or less, i.e. less than half, it being "cheaper" (which currently does not happen as due to a number of reasons electricity is currently very expensive) is not enough.
In the US you have much cheaper electricity (but also much cheaper gas/petrol) while I believe the difference in buying an ICE car vs. a comparable EV is the same or more, the projected 600 US$ will need what 20 years to compensate the initial excess spending?
BTW there are the "moral" implications of driving a "zero emissions" vehicle and thus being good for the environment, but financially it isn't seemingly not standing even in the US.