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Old 08-16-2022, 01:40 PM   #58
Martinjlm
Retired fr GM + SP Global
 
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Drives: 2017 Camaro Fifty SS Convertible
Join Date: Mar 2017
Location: Detroit
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Quote:
Originally Posted by rlarsen462 View Post
Buying an EV to save on gas is literally the dumbest thing imaginable. I got an email today from my electric company (who has a portal to buy electric cars on their website...imagine Chevron doing that with ICE cars lol) saying I can charge for $1/gal equivalent to fuel.

Okay so let's pretend we don't have the dumbest administration on the planet and US gasoline is still $2.50/gal in my area for the sake of argument (it was actually <$2 at one point only a couple years ago).

Let's also say I have a vehicle which gets a modest 20MPG.

So I am saving, using their math, $1.50 every 20 miles I drive.

Extrapolating (I'll let you confirm my math if it's that important to you), this means $7500 in savings (assuming NO increase in electricity rates or decrease in fuel cost, or a more fuel efficient vehicle, etc. etc.) for every 100,000 miles driven.

Let's make it even stupider and say I get 10MPG and gasoline is $5/gal (and still assuming no increase in electric utility rates)...then I save $40,000 over 100K miles...which will barely cover a base model, or very small/uninspiring EV at best. The 10MPG example by the way is my TRX...

Using the "you'll save so much on fuel!" argument is ridiculous, deceptive, and literally only begins to hold up if fleet fuel efficiency is atrocious (it's not, and continually improves), and governments continue hostility to gasoline production artificially inflating prices.
Quote:
Originally Posted by Wyzz Kydd View Post
Stop! Please stop! You're making way too much sense and that's not something the green group appreciates.
The math is much easier than you’re making it and there are already studied numbers you can use, so all the guesswork is taken out.

Objective studies of the cost to operate electric vehicle put the cost at $0.045 per mile, not the $0.075 per mile you’ve based your math on. https://ecocostsavings.com/electric-car-cost-per-mile/. So, if you drive 15,000 miles/yr at $0.045 per mile, you spend $675 a year to “fuel” your car. My MR2 is tracking along now at $0.20/ mile. Haven’t calculated that for my Camaro, but I can assure you it’s worse (but I don’t care, because Camaro ).

I could also add that my wife’s Volt, which does sip a little petro every now and then, costs us less than $40/month. I know this because it is literally on a separate meter. So roughly $480 a year, plus the two or three times a year that she refuels the 8 gallon gas tank.
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