Kinda curious how much an EV owners monthly electric bill is. And what's the monthly difference in overall operations costs between I.C.E and EV vehicle ownership.
I'm guessing in place not B.C, those power bills must be insane. I mean in my completely uneducated on the subject brain, EV owner has to be more expensive overall than I.C.E..
In B.C I can see it being cheaper.
If someone is charging at home, I can't imagine it being more expensive anywhere to run an EV vs. fuel unless gas was insanely cheap. Most EVs are about 15-20 kWh per 100km, so you'd need pretty expensive power (or exceptionally cheap gas) to match even the most fuel efficient ICE cars.
Kinda curious how much an EV owners monthly electric bill is. And what's the monthly difference in overall operations costs between I.C.E and EV vehicle ownership.
I'm guessing in place not B.C, those power bills must be insane. I mean in my completely uneducated on the subject brain, EV owner has to be more expensive overall than I.C.E..
In B.C I can see it being cheaper.
Here's an easy calculation for you to understand.
Let's use a Hyundai Kona as a good comparator as it has both EV and ICE drive trains on the same chassis.
Kona EV uses 17.1 kWh per 100km
Kona ICE uses 7.5L per 100km
So 7.5L of gasoline goes as far as 17.1 kWh
Even at the highest average electricity rates inclusive of transmission and distribution ($0.33/kWh) and the lowest gas prices ($1.10/L) it's much cheaper in an EV:
EV: $5.64 to go 100km
ICE: $8.25 to go 100km
Using actual current rates:
EV: $2.80/100km
ICE: $9.23/100km
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Originally Posted by dammage79
Kinda curious how much an EV owners monthly electric bill is. And what's the monthly difference in overall operations costs between I.C.E and EV vehicle ownership.
I'm guessing in place not B.C, those power bills must be insane. I mean in my completely uneducated on the subject brain, EV owner has to be more expensive overall than I.C.E..
In B.C I can see it being cheaper.
Right now you can sign up for a fixed power price of ~$0.10/KWh on Enmax (i'm actually only paying $0.065/kWh).
My car has a 100 kWh battery, so I can get a "Full tank" for about 7 bucks, which gets me ~400 km of range.
(it'll be a bit more than that as it isn't 100% efficient of course.
But yeah, overall, it's way cheaper for me to charge my car at home than it is to buy gas.
Even if I had to charge at a DC/Fast charger it'll cost me somewhere between $40-60.
So yeah, it's a lot cheaper to fuel up an EV vs an ICE.
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Picked up my i4 m50 today; you're welcome planet.
Loving it so far; drove from Vancouver to Langley and back for a meeting. So smooth & crazy fast acceleration on the highway.
Have not plugged it in yet.
Beautiful car, nicely done! I was going to put my name down for this beauty during COVID but ended up moving to Toronto instead and I don't need a car down here. Nice to hear that the drive is smooth as always with BMWs. So jealous! I'm guessing the interior still leaves a lot to be desired?
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I've been contemplating making the jump to EV for a while. There's a lot good info in here about ongoing cost (particularly for fuel) savings for EV vs. ICE. However I'm not seeing much about the massive up-front cost differential in these vehicles. You're all talking about making the switch like it's a guarantee to be financially prudent. Doing a quick comparison of various models of SUVs in the Canadian market (the style I'd like) and even with the government incentives I'm seeing at least a 20% up front premium. Aren't you all just paying for the lifetime fuel savings up front on these?
I can appreciate the environmental impact of EV vs. ICE, but if that's the only advantage we have a long way to go yet. I'm certainly open to your perspective as I'd love to do away with the gas pump permanently.
I've been contemplating making the jump to EV for a while. There's a lot good info in here about ongoing cost (particularly for fuel) savings for EV vs. ICE. However I'm not seeing much about the massive up-front cost differential in these vehicles. You're all talking about making the switch like it's a guarantee to be financially prudent. Doing a quick comparison of various models of SUVs in the Canadian market (the style I'd like) and even with the government incentives I'm seeing at least a 20% up front premium. Aren't you all just paying for the lifetime fuel savings up front on these?
I can appreciate the environmental impact of EV vs. ICE, but if that's the only advantage we have a long way to go yet. I'm certainly open to your perspective as I'd love to do away with the gas pump permanently.
I don't own an EV yet, but the answer is both yes and no. I'd love an EV and it will likely be my next vehicle, but I'm not fronting ridiculous up front costs or unnecessarily upgrading my vehicle early to get into an EV. Also, with my regular usage, I'm more likely to do PHEV > BEV.
Assuming a $10-15K up front cost vs a 5% interest rate and let's say a $2500-3000 in fuel savings a year (conservative), the break even on fuel alone is about 3-5 years.
However, just like smart thermostats, I told people that you're not purely paying for the energy savings. You're buying the convenience of changing the temperature from your bed (don't have to get out of warm bed to adjust) and an ease of use UI.
That should be the same consideration for EVs. $10-15K upfront cost of an EV basically comes with a performance boost of any ICE vehicle within the same price range, so you're buying performance whether or not you want to utilize it. You're buying the convenience of topping up at home if you cannot fully charge at home. The fuel savings is just gravy and should be considered the straw that breaks the camel's back in being an early adopter of EV. That being said, the savings are so good right now that it's basically a hay bale, not a single straw.
I've always thought it kinda backwards and odd to consider the fuel savings as the primary reason to adopt EV. I really didn't like that some people get angry when others consider it not a good enough reason to immediately jump on EVs. It should always be all the other attributes first and fuel savings last IMO and another thing to consider is how you use a vehicle also affects your regular savings.
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I appreciate that perspective but it’s quite a bit different from mine. I suspect it would be different from a lot of others as well. For me, removing up to 80% of the main ongoing cost of vehicle ownership (gas and ICE maintenance) is a lot more than gravy. All the tech, additional performance, etc is the gravy. And that gravy is largely offset by the lack of range, lack of charging infrastructure, etc.
Having said that, I do think you’re right that it likely makes sense when the time is right to get a new vehicle. However, I don’t see it as being necessary or a financial win just as an unnecessary upgrade. I think I was hoping for an excuse to replace my 2018, but it likely makes sense to wait 2 or 3 more years. I guess that means I should place an order soon lol
Beautiful car, nicely done! I was going to put my name down for this beauty during COVID but ended up moving to Toronto instead and I don't need a car down here. Nice to hear that the drive is smooth as always with BMWs. So jealous! I'm guessing the interior still leaves a lot to be desired?
The interior is pretty good IMO.
I just traded in an X7 which was obviously nicer inside, but it doesn't feel like a big drop off.
The dash, seating, infotainment systems, steering wheel, all feel like what I got used to in the X7, just way, way smaller.
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Kinda curious how much an EV owners monthly electric bill is. And what's the monthly difference in overall operations costs between I.C.E and EV vehicle ownership.
I'm guessing in place not B.C, those power bills must be insane. I mean in my completely uneducated on the subject brain, EV owner has to be more expensive overall than I.C.E..
In B.C I can see it being cheaper.
I'll report back when I get my first bill.
I'm not sure if AB has this, but with BC hydro there's a reduced overnight rate of -5 cents per kWh between 11pm-7am so charging at home between those hours will help a lot.
I've been contemplating making the jump to EV for a while. There's a lot good info in here about ongoing cost (particularly for fuel) savings for EV vs. ICE. However I'm not seeing much about the massive up-front cost differential in these vehicles. You're all talking about making the switch like it's a guarantee to be financially prudent. Doing a quick comparison of various models of SUVs in the Canadian market (the style I'd like) and even with the government incentives I'm seeing at least a 20% up front premium. Aren't you all just paying for the lifetime fuel savings up front on these?
I can appreciate the environmental impact of EV vs. ICE, but if that's the only advantage we have a long way to go yet. I'm certainly open to your perspective as I'd love to do away with the gas pump permanently.
As far as the upfront cost differential, I suppose it depends on what you're comparing against. For me, it was either a 2022 Model 3 LR or an Audi S4, both were similar in price at the time.
I've been contemplating making the jump to EV for a while. There's a lot good info in here about ongoing cost (particularly for fuel) savings for EV vs. ICE. However I'm not seeing much about the massive up-front cost differential in these vehicles. You're all talking about making the switch like it's a guarantee to be financially prudent. Doing a quick comparison of various models of SUVs in the Canadian market (the style I'd like) and even with the government incentives I'm seeing at least a 20% up front premium. Aren't you all just paying for the lifetime fuel savings up front on these?
I can appreciate the environmental impact of EV vs. ICE, but if that's the only advantage we have a long way to go yet. I'm certainly open to your perspective as I'd love to do away with the gas pump permanently.
It really depends on kms driven, specific model, and electricity/fuel prices. A used EV is a no brainer right now.
Having said that, no new vehicle purchase is a wise fiscal decision so I suppose you'd pick what you want within your budget. If you can get a higher price vehicle that has a similar lifetime cost of ownership it makes it more about what you want. EVs are continuing to narrow the gap on price and parity isn't far away
I've been contemplating making the jump to EV for a while. There's a lot good info in here about ongoing cost (particularly for fuel) savings for EV vs. ICE. However I'm not seeing much about the massive up-front cost differential in these vehicles. You're all talking about making the switch like it's a guarantee to be financially prudent. Doing a quick comparison of various models of SUVs in the Canadian market (the style I'd like) and even with the government incentives I'm seeing at least a 20% up front premium. Aren't you all just paying for the lifetime fuel savings up front on these?
I can appreciate the environmental impact of EV vs. ICE, but if that's the only advantage we have a long way to go yet. I'm certainly open to your perspective as I'd love to do away with the gas pump permanently.
When we were looking, our 2022 Q4 was 62k all in, while a similar 2022 Q5 was 55k all in. If I was making a purely financial decision, it's a break-even of about 5 years.
There's a premium but I don't think it's even quite as high as 20%.
Anyone have experience with a Ford Escape Hybrid? I feel like Ford can't be trusted but I've read good reviews about their Hybrids.
We've had a Fusion Hybrid for four years and around 75,000km with no issues. It did develop a strut leak around 15,000km but that was replaced under warranty. In terms of powertrain and hybrid system I have had no issues. I've only been doing oil changes twice a year for maintenance and I did have to top off the coolant last year.
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Let's use a Hyundai Kona as a good comparator as it has both EV and ICE drive trains on the same chassis.
Kona EV uses 17.1 kWh per 100km
Kona ICE uses 7.5L per 100km
So 7.5L of gasoline goes as far as 17.1 kWh
Even at the highest average electricity rates inclusive of transmission and distribution ($0.33/kWh) and the lowest gas prices ($1.10/L) it's much cheaper in an EV:
EV: $5.64 to go 100km
ICE: $8.25 to go 100km
Using actual current rates:
EV: $2.80/100km
ICE: $9.23/100km
If you can charge at home, it's definitely cheaper.
If you charge at a quick charge station, it's probably more expensive.
If cost per mile/km is the only factor you are looking at
Anyone have experience with a Ford Escape Hybrid? I feel like Ford can't be trusted but I've read good reviews about their Hybrids.
Super happy with my Maverick hybrid, which is the same power train as the Escape (I believe). It's new though, I have just under 8000 miles on it so can't speak to longevity, but am averaging ~49 miles per USG calculated (4.8L/100km)
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