travisbb
Bronze Member
From the article:
It seems that charging at residential rates is important for EVs to be cost effective. But everybody already knew that. This is going to be a major problem with the EV transition for the many living without a private garage. But that's not new either.
It'll be important to watch how the electrical grids adapt to this, especially with the big push for renewables which tend to result in very low wholesale electricity prices during the middle of the day when everybody is at work and high wholesale prices all other times when everybody is at home and should be charging.
A mid-priced internal combustion car that gets 33 miles per gallon would cost $8.58 in overall costs to drive 100 miles at $2.81 a gallon, the study found. But a mid-priced EV, such as Chevrolet Bolt, Nissan Leaf or a Tesla Model 3, would cost $12.95 to drive 100 miles in terms of costs that include recharging the vehicle using mostly a commercial charger.
For luxury cars that get 26 miles per gallon and using premium gas at $3.25 a gallon, the cost to drive an internal combustion car 100 miles is $12.60. The cost to drive a luxury EV, such as a Taycan, Tesla Model S or X or Jaguar I-Pace, is $15.52 to travel 100 miles. That is using mostly commercial chargers.
It seems that charging at residential rates is important for EVs to be cost effective. But everybody already knew that. This is going to be a major problem with the EV transition for the many living without a private garage. But that's not new either.
It'll be important to watch how the electrical grids adapt to this, especially with the big push for renewables which tend to result in very low wholesale electricity prices during the middle of the day when everybody is at work and high wholesale prices all other times when everybody is at home and should be charging.