While enjoying a coffee with my 18.5 year old daughter the other day I mentioned a friend’s car was for sale. At only $3,000 it seemed like a good deal. However then we started adding up the costs of running a car. She uses my EV all the time, so we decided to compare.
It occurred to me that my daughter is a pioneer – a young person who has done the majority of her driving in an EVs. She is making history.
I have been driving my EV for 5 years and 40,000 km so we have some long term data. Now my car is a recycled 23 year old carbon-burner, not one of the new breed of factory EVs. However I think the year-year maintenance would be about the same.
Annual running costs:
|3rd party Insurance||$130||$130|
|Fuel/Electricity for 15,000 km||$1,800||$900|
Assuming Petrol is $1.5/litre, ICE car does 8l/100km, electricity is $0.3/kWh, EV does 0.2kWh/km. If you save up the $2k/year you save with your EV for 2 years you can install a PV array. Now it costs $0 for electricity and we are down to $1,130/year or about 25% of the ICE vehicle. You aren’t ever going to make petrol on your roof for free, and with depleting fossil fuel reserves it will be forever getting more expensive. It’s non-renewable so every litre you use means one less for your grandchildren.
The average income for my daughters peer group (most of them studying) is $200/week. They generally have old cars that need constant repairs. Nothing goes wrong with EVs. If it does, it’s trivial to fix. Only wearing parts are brakes and tyres. No servicing. They don’t pollute.
That’s why she loves my EV.