I wanted to keep it simple for them to understand. If they seem receptive then i can get into the oil and reliability benefits. I really think people are starting to get scared about the climate with the sever weather.
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Check my math - annoyed with ICE shills
Listening to friends, family, and politicians talk about how expensive and terrible EVs are is irritating - especially while multiple countries are setting daily heat records. I wanted something relevant to show them to try (and likely fail) to convivence them that EVs make financial sense. In short, this is the cost comparison between the best selling small SUV and a Bolt EUV. This doesn't include the costs for oil changes.
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These aren't assumptions - its data.As I'm often saying, the math is good but not the assumptions.
*The price of regular gasoline since 2017 has averaged $3.22/gal in my relatively expensive state of Oregon. That trend holds true even back a decade. The $4.50 estimate is at least a dollar higher than reasonable.
*The average EV is driven 7,000 miles per year while the average ICE 10,200 miles.
*The average cost of electricity in the US is $0.1477 / kWh
Finally, we'll always have the "apples / oranges" problem to contend with. How much is having a tow rating worth? How much is differing interior volumes worth? How important is an AWD option? How much is rapid refueling worth? How much is starting out full every day from the garage worth?
All this leaves out the #1 cost of ownership for most people, and that is depreciation. Who knows how much value will be retained 5 years from now? Typically, EVs have depreciated more rapidly than ICE with the exception of Tesla. We would need to make big assumptions about this to estimate future cost.
The vehicle total cost of ownership spreadsheet I have linked in my signature is a way better tool for doing cost analysis because it attempts to factor in as many variables as possible.
- This is the average gas price today and for the foreseeable future. AAA Gas Prices
- These figures use equal mileage per year (15k)
- I got the price from this site - looks similar to yours. State Electricity Profiles - Energy Information Administration (eia.gov)
- For the small SUVs in this comparison - the tow rating, volume, and drive wheels are similar
- Depreciation on gas cars is going to be massive. the most in-demand vehicles are EVs already.
Obviously there are lots of variables. The point here is to get people thinking about it with a simple chart.
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