“So, lets just suppose charging an EV will be cheaper than petrol - even if that were to be so, it will be offset by the fact that the purchase price of the EV will be more than that of an ICE vehicle. Thus will EV's be cheaper overall??”
Let us not suppose. I will give you real world data.
I have owned and used my Tesla model 3 standard range plus for just over 11 months now. I have driven almost 20,000km so far.
Actual power consumption is very close to 130Wh/km. Assuming an electricity price of $0.18/kWh, that makes a cost of $468 for recharging.
My previous car had a petrol consumption of close to 10L/100km. Assuming a petrol price average of $2/L, petrol would have cost $4000.
That’s a savings of $3500 in the first year already. The actual amount is actually higher than this as much of the recharging is powered by the solar cells on my roof.
To top it off, there’s no service schedule for the Tesla. No oil to change, no oil filters or belts. The brakes will last a very long time as most of the braking is done by regenerative braking.
The economics of electric vehicles will get even better with more models available in the next year or two. It’s all over for the petrol and diesel cars. Except maybe the fringe cases of people who have to regularly travel to remote areas though even that change as the supercharger network expands.
