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Forum
-> Household Management
-> Finances
GLUE
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Sun, Jun 02 2024, 10:33 pm
Every few months anther article seams to be in some Frum media about how great electric cars are. They all emphasize on how there is no gas bill because the car runs on electric.
There is no talk on how much electricity the car uses, where it comes from, and how much it costs. Electricity needs to come from some where.
I am wondering on how much money you really save with an electric car. How much does the average family spend on electricity for there car.
The more the "articles" talk on how there is no fuel charge the more I get an impression that the electric bill is a lot higher then they care to admit.
If you have an electric car how much do you spend on electricity? Is it higher or lower then what you would spend on if you used gas?
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amother
Peru
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Sun, Jun 02 2024, 10:47 pm
Got onto this convo with my Uber driver the other day. He said it costs him $10 to charge at home and he gets about 400 miles on that.
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GLUE
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Sun, Jun 02 2024, 10:51 pm
amother Peru wrote: | Got onto this convo with my Uber driver the other day. He said it costs him $10 to charge at home and he gets about 400 miles on that. |
That's a great number why can't anyone say it?
Why is it always we don't pay for gas, never it costs me $10 for x amount of miles?
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amother
Zinnia
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Mon, Jun 03 2024, 3:10 am
My brother has 3 electric cars. He has some sort of deal that if they charge the cars after a certain time , I think 7 pm, they can charge unlimited for under $40 a month.
Each car can get 400-500 miles on a charge.
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amother
Arcticblue
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Mon, Jun 03 2024, 3:18 am
This may vary based off where you live, electric rates, cost of gas etc.
Don't forget the cost to install a charger and the fact that repairs are much higher. The battery is much more expensive for an electric vehicle, if it catches on fire it is deadlier and harder to extinguish, insurance is often higher, and the car registration is often more expensive. The cars are heavier so put a greater toll on roads and many states are now charging more for them.
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amother
Mayflower
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Mon, Jun 03 2024, 3:37 am
I don’t think it cost us $10 to charge. In fact, I think it costs much less. I don’t know for sure because it’s very hard to figure that out. How does anyone know how much it costs to plug something in at home?
My husband loves electric cars! I don’t think he will ever be able to go back to regular cars.
Yes, it really does save us a lot of money. Plus there’s usually a tax credit/incentive when you buy or lease an electric car.
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amother
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Mon, Jun 03 2024, 5:27 am
amother Mayflower wrote: | I don’t think it cost us $10 to charge. In fact, I think it costs much less. I don’t know for sure because it’s very hard to figure that out. How does anyone know how much it costs to plug something in at home?
My husband loves electric cars! I don’t think he will ever be able to go back to regular cars.
Yes, it really does save us a lot of money. Plus there’s usually a tax credit/incentive when you buy or lease an electric car. |
There are ways to calculate electric use based on the rate and how much the device is known to use. That's how most people know. There aee also devices that can be connected in your house that can monitor electric usage in real time.
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amother
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Mon, Jun 03 2024, 5:42 am
amother Mayflower wrote: | I don’t think it cost us $10 to charge. In fact, I think it costs much less. I don’t know for sure because it’s very hard to figure that out. How does anyone know how much it costs to plug something in at home?
My husband loves electric cars! I don’t think he will ever be able to go back to regular cars.
Yes, it really does save us a lot of money. Plus there’s usually a tax credit/incentive when you buy or lease an electric car. |
A standard range tesla model 3 battery has a 50 kWh capacity. So if you multiply 50 time the utility rate (cents/kWh) that gives you the cost in cents. Divide by 100 to get the cost in dollars. Looking at electric rates around the US, some places it could cost around $7 some places could cost $11 depending on the utility rate you pay.
And the fully charged battery gives you a range of 272 miles.
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amother
Broom
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Mon, Jun 03 2024, 6:46 am
It costs us very very little. We have solar, so our electricity costs are very very very low
We got a grant and my husbands work pays towards the car (instead of paying for gas)
All in all, our Tesla is basically free
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amother
Lily
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Mon, Jun 03 2024, 6:51 am
A lot of utility companies have deals now which makes it cheaper to charge the car eg cheap overnight charging...
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amother
Chestnut
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Mon, Jun 03 2024, 6:59 am
amother Arcticblue wrote: | This may vary based off where you live, electric rates, cost of gas etc.
Don't forget the cost to install a charger and the fact that repairs are much higher. The battery is much more expensive for an electric vehicle, if it catches on fire it is deadlier and harder to extinguish, insurance is often higher, and the car registration is often more expensive. The cars are heavier so put a greater toll on roads and many states are now charging more for them. |
It's my understanding that all insurance rates are going up due to electric cars, not just for electric car owners/users.
Logic being that insurance companies lose out on claims for electric cars and can't raise their rates enough to compensate so all rates increased to balance it out.
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