Does driving an electric car really save you money?
For a cheapskate like me, it was a welcome surprise that recharging could be so cheap — or even free. But charging can be expensive if you don't plan ahead.
www.marketwatch.com
Because of cost of gas and electricity here, at 400 KM per week, over 8 years, I will have saved over $20,000. That is NOT spare change.
Calculated like this:
My previous car did 10L per 100 KM, so 40L per week. At $1.36 per litre, that's $54.40 per week, $2,828.80 per year, $22,630.40 over 8 years. To that, I must add oil changes, which for here in Canada, we must use the 'extreme temperature' so the maintenance chart stated an oil change every 6,000 KM. 400 KM per week for 8 years is 166,400 KM, so 27 oil changes at $65 per oil change. That's $1,755, which most be added to the cost of fuel, for a total of $24,385.40
My Tesla takes 30% of its battery every 100 KM, battery is 50KWh, so 15KWh/100 KM, 60KWh per week, 3,120KWh per year, 24,960KWh over 8 years. Electricity here varies from $0.0615 to $0.0956 per KWh, so lets average at $0.0786. So over 8 years, that's $1,961.86. For 'regular' maintenance, a 2021 Tesla model 3 only requires that the brake oil be inspected every two years and changed if necessary. That's it, nothing else.
So, for a period of 8 years, a saving of $22,423.54. Like I said, not spare change.