Forum Discussion
valhalla360
May 02, 2022Navigator
Reisender wrote:
Meh. We have been hearing that for 7 years since we switched to EV’s. Back then it was 4 times cheaper to drive electric than gas. Now it’s 6 times cheaper.
BC hydro is applying to implement TOU or time of use billing. If they are successful it will be 12 times cheaper to drive electric than gas. Hope they are successful. :).
When EV's made up 0.01% of the vehicle fleet, taxes were largely ignored. The political will was to encourage them and they made up such a small percentage of the fleet as to have no significant impact on highway funds. As they hit 1-2% and there is the potential for significant growth, people are taking notice, so yes, you should expect to eventually see a tax roughly equivalent to gas taxes. Historically, taxes have made up around 25% of gas prices, so not insignificant.
As far as "fueling" costs, depends greatly on the local electrical rates:
- Middle America: Electricity might be $0.10/kwh and at 0.3kwh/mile, that's around 3cents/mile for EV. A 50mpg car paying $3/gal is about 6c/gal. So double...no where close to 4-12 times as much unless they are artificially subsidizing electricity.
- California: Electricity might be $0.27/kwh and gas $4/gal...result is 8.1cents/mile EV vs 8.0cents/mile gas
Of course, this is assuming home charging. Paid public charging stations are much more expensive. (free charging is fading away as the fleet moves away from being a fraction of 1% of the fleet)
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