Originally posted by findinggems
So you choose to ignore my question to you in your other post and start a different discussion.
OK, I will bite:
In buying a pure electric vehicle this auto consumer is essentially paying an extra $20,000 a year in order to save $742 per year.
That seems to be a typo. I believe it should have said:
In buying a pure electric vehicle this auto consumer is essentially paying an extra $20,000 in order to save $742 per year.
The $20,000 is the difference between Hyundai Ioniq EV and the Elantra ICE.
The $742 savings per year is based on the following:
Assuming our auto consumer is an average small vehicle driver (hence the Elantra/Ioniq) his total recharging cost would be around $608.40 with an Ioniq and his refueling cost would be around $1,350.65 with the Elantra. This results in a net fuel cost saving of $742.25 over one year.
Well, not in my case, or most EV owners for that case. That's because I have solar PV and most of the time, my car stays at home during the day. Also, don't forget regenerative braking when in use. Therefore, my net savings is $1,350 per year. That's a total of $13,500 over 10 years.
The article that you quoted also did not include a figure for servicing cost for the ICE Elantra. How much servicing cost do you normally pay a year ?
Then the battery pack. In the US, the Ioniq EV battery pack includes a lifetime warranty. Here in Australia, 8 year warranty or 160,000km.
Having said all of the above:
* EV is not for everyone, granted. ( e.g. Those without a garage and have to park on the street ).
* More EV adoption will happen, because:
- Price parity will be achieved, sooner than later.
- Car manufacturers will stop selling EVs. VW, the largest, said so themselves (
https://www.reuters.com/article/us-...-engines-to-be-launched-in-2026-idUSKBN1O32O6 )
So what are YOU going to do ?
Of course the $20,000 a year was a typo, I barely blinked while producing that. It should be self evident that you wouldn't buy a new car every year.
Well, not in my case, or most EV owners for that case. That's because I have solar PV and most of the time, my car stays at home during the day. Also, don't forget regenerative braking when in use. Therefore, my net savings is $1,350 per year.
This may be correct if the PV system itself had zero capital cost, my PV system cost $12,000 for a 4.2 kW system nearly a decade ago and has an opportunity cost associated with it as I feed my grid electricity at $0.44 per kWh under the QLD Solar scheme.
That's a total of $13,500 over 10 years.
Pretty sure I stated 5 - 10 year battery life but I highly doubt a Hyundai battery will last ten years.
Then the battery pack. In the US, the Ioniq EV battery pack includes a lifetime warranty. Here in Australia, 8 year warranty or 160,000km.Even 8 years will be a stretch, I bet there will be range reductions written into the fine print of the warranty.
Having said all of the above:
* EV is not for everyone, granted. ( e.g. Those without a garage and have to park on the street ).
* More EV adoption will happen, because:
- Price parity will be achieved, sooner than later.
- Car manufacturers will stop selling EVs. VW, the largest, said so themselves ( https://www.reuters.com/article/us-...-engines-to-be-launched-in-2026-idUSKBN1O32O6 )
The future is uncertain this is true but my comparison was a very tidy look at the CURRENT economics of that one choice between an ICE and a PEV. This is the decision many people across Australia will have to make, the whole cost benefit analysis of a new breed of car.
