$.47 per kilowatt hour? That seems very high to me. How does that compare to the household utility rate?
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That is quite expensive.
I would encounter a rate like that charging at >200 kW maybe on an interstate or at our high end mall, but not a Walmart.
Of course, I mostly charge at work for free or home for $0.15/kWh.
In case it helps, that amount of electricity is good for about 30 to 35 miles of driving.
That seems about as expensive as an efficient fossil fuel car then?
Yes, high speed chargers cost similar to gas (normal gas, not the current prices). Slow chargers cost about half of that. Charging at home is about half of that again (0.1€/kWh)
Right now a gallon of regular gas in the same area is about $4.75. My ICE car gets about 35mpg on average (although I do have to run premium, not regular). So yeah, less than $1 cheaper to operate for the same distance. At least off of the highway. On the highway, the ICE car still wins because electric cars dont see efficiency gains the same way during different methods of use unless they have regenerative braking. So while my ICE gets 35 mpg average, Im easily breaking 60mpg on the highway. But the electric probably does far better in the city stopping constantly since its regenerating every time it brakes. Maybe it evens out, but I think the ICE is still probably overall a bit less expensive when solely looking at cost of energy consumption vs milage. At least assuming that someone is primarily driving on the highway out of traffic rather than in traffic or in the city
Charging prices probably dont fluctuate quite as intensely as gas prices, but ultimately the energy market is the energy market so theyre both going to rise with the tide in the general sense.
The real savings advantage that an electric car has is in the simplicity of the parts and less regular maintenance needs. But that is pretty easily blown out of the water by the initial purchase price. An EV would be 3x what I paid for my ICE, and the lifetime maintenance isnt going to be on the order of $40k+. No matter what you buy youre getting screwed somewhere, you just get to pick the hole.
Unless we start seeing $20k MSRP EVs in the US they really arent more affordable than ICE cars by any means
At $0.47/kw that math adds up. Charging out and about is expensive. They likely pay less then half that if they are able to charge at home.
Based on them being near chicago, they may be able to charge as cheap as $0.09/kw (same rate Technology Connection says he averages). At those rates, EVs get a lot more competitive.
Basically all EVs have regen braking. Which is why EVs are actually a bit more efficient in town than highway: stop and go barely affects them and wind resistance is 4x less than highway at twice the speed. ICE vehicles as you know work the opposite way in terms of efficiency
Good Lord, I thought I got ripped off the one time I had to pay and it was only pay 99 cents. I'm very fortunate there are so many free chargers here.
The people with charging at home that I know are paying an effective rate close to 0, due to smart electricity contracts where they get time of use rates at a 15 minute resolution. Then they set the car up to charge when the price is basically nothing, typically during night. It's even possible to get paid to charge when there's excess capacity in the network.
That's what we're doing with our EV. We have it set to charge during off peak rates which drops down to 0.02 cents/kWh. This equates to a full charge costing us around a dollar.
If it's 0.02 cents a kWh, a full charge should be a cent or 2 not a dollar
That's super cheap. Does that include distribution charges?
Our utility has had a few plans geared at auto, including a second meter that they could remotely disable if necessary, but their current plans are nowhere near as good.
Here's their best time of use plan if you can push most of your use into the evenings:

Our current electricity provider, energy prices can and do dip into the negatives which is great for running AC or heating (don't believe I've seen negatives during winter).
I don't however own an electric car at this stage, would be nice but the 20k budget models are in my eyes horrible, nor do we have enough spare cash to justify the purchase of anything reasonable.
Man prices are good currently.

It's expensive to be poor, isn't it?
I know everything fluctuates, especially with idiots starting wars and different cars getting different efficiencies, but is there a good average comparison of what you pay per mile electric vs gas?
Gas car: cost per mile = price per gallon ÷ miles per gallon
Let's assume 30 mpg and $4.50 a gallon, that's $0.15 per mile.
Electric car: cost per mile = price per kWh ÷ miles per kWh
Let's assume 3.5 miles per kWh and residential rates of $0.14 per kWh, that's $0.04 per mile.
Fast chargers will push the cost much higher in the US. They can charge $0.60 per kWh or higher at peak hours, which would put you at $0.17 per mile in the same car. There are ways to bring that cost down too if that's your only way to charge.
Would also note that this charger was 47¢/kwh. That’s $0.134/mile - very close to the gas calc you did
So OP is talking about spending only $4 to top up, but that’s basically the equivalent of buying a gallon of gas at this energy price. Basically you need to charge at home to get the pricing benefits over gas.
Obviously a bunch of other benefits to EVs
With other benefits you mean like no oil changes or longer lasting brake disks and pads?
Yeah and better for GHGs obviously
And depending on use case, can be more convenient than gas - if you only have a basic commute and can charge at home. But gas may still be more convenient for some people (long distance in rural or remote areas for example; apartment living for another)
The only thing I would add to Dogyote's EV math is a lot of states (like Ohio) charge extra for EV registration ($200 more in Ohio). So if you drive an average of 12,000 miles per year, that extra registration fee account for an additional 1.667 cents per mile. But its still 10 cents cheaper per mile vs gas. Gas would have to cost less than $2 to compete price wise.
Depends of the country but the basic rule is this: if you can charge at home then an EV is way cheaper. In some places where all fossil fuels are imported an EV can be 9 times cheaper
Price gouging.
is it? 5 bucks, rounded, for 13%? means that’s like 40 bucks for 100%?
my tank of gasoline is like 100 bucks for 100%.
Yes, it is. Obscenely so. Why are you comparing it to a tank of gasoline MPG? It's not gasoline. Compare it to how much you can buy a KWh from the local utility company. This would be the profit equivalent of a gas station charging you around $15 for a gallon of regular.
EDIT: You know, now that I think about it, they are selling power to the public. Why do they not have to abide by the rates set forth by the PUC (OUC)?
I always assumed the cost of the infrastructure was past of the kilowatt price. I know at my school it cost them about $300k to install a half dozen charge stations. Commercial construction like that is stupidly expensive compared to running a charger at home.
i am not considering mpg just amt to get to full. i dont disagree it’s high but i have no exp with elec vehicles. i’ll take your word for it!
Couple things here but in general the fast chargers are pretty expensive.
- The range on EV is usually smaller than a gas car. So comparing a full tank for you vs a full tank for them might not be a good comparison
- Around where I live the worst fast charger rate ( which is basically all reasonable hours of the day) is 60% to 100% more expensive than either home electricity or level 2 charging rates.
- It seemed to me that fast charging was priced so that it was close to gas prices while home charging was totally disconnected from gas prices. Not sure if this observation has held up now with gas price spikes, I haven't been fast charging recently so out of the loop
Everyone saying this is expensive, meanwhile I pay 0.60 - 0.80 €/kWh in Germany .-.
There will be a subset of a generation of kids that know elementary/middle/high school physics with regards to energy and electricity far better than their teachers.
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