Efficiency figures quoted in this video are based upon my Tesla Model Y real world range after 50,000 kms, EV Database for the Tesla Model 3, and for the Toyota Camry and RAV 4, real world ratings available at Car Expert.
Customers buying Hybrids, haven't done the math. They spent extra cash to go Hybrid, yet the savings in fuel, will take them 8-10 years JUST to recover the delta.🤣
@@mawhim do you speak from experience here? The infrastructure is improving rapidly. I did Sydney to Hervey Bay and back with zero issues a year ago, and it would be even easier today.
We have a Model Y and Model 3 and love them. However, deriving power usage from the trip computer is a bit misleading. That only records the driving usage. A more accurate measure of total usage is take the power input from the app.
Chris, those figures you display about charging your model Y are obviously the power figures the car receives. As we all know there are charging ‘losses’ that occur when charging any battery. Have you ever looked at that &!what percentage those losses are on average. Soon you have the Long Range Model Y, the battery is 81kWh, if the car was empty it’s going to take more than 81kWh of electricity to fill it to 100% (or alternatively it’s going to take more than 64.8kWh to fill it to 80%. Are you able to share any information about that? Cheers Man 👍
Spot on. We recently did Brisbane to Sydney return in a weekend and it was by far the best road trip I've ever done. 3x 20-30min stops and autopilot meant that I arrived without fatigue after 12 hours travelling. With free destination charging included where we stayed, it cost $150 return in charging. Week to week, I save so much time not having to go and fill up, I don't mind taking regular breaks on long drives. I think the big thing these days, and another justification for hating EVs, is that everyone now seems to need to cover large distances in the quickest time possible. To travel 1000kms in 12 hours, allowing a little extra time and enjoying the drive is so much better and safer for everyone. Thanks for the super insightful video.
Nice analysis of the Car Expert ‘made-for-TV’ video. We did the same Melbourne-Sydney drive in January 2024. Our Tesla Model 3 long range only required 2 charge stops (Albury and Yass) and cost $64 . Because we have solar with battery and our home electric is with Amber , road trips are the only time we pay for supercharging. New subscriber… thanks Chris for battling the FUD.
I’m awaiting delivery of a M3P, Ive been a petrol head all my life and active in club Motorsport. My current car is an i30N - absolutely incredible daily driver and track day weapon. I test drove the Ioniq 5N on track and it really didn’t do it for me with all the emulated gear shifts and engines sounds, plus it’s $123K. I test drove a M3LR on the road and I was amazed by the silence, the sound system and the responsiveness. I found the 1 pedal driving so easy to adapt to (and I’m in my 60’s) it was a true watershed moment. When I got back into my i30N all I could feel hear was un-necessary noise and vibration, it was like going back to the steam age. I spend around $100 a week on fuel, with the Tesla it will be under $5. Insurance is still a bit inflated for EV’s but I goy it down to around $1400 with a higher excess so I’m still well ahead. I can’t wait to get the M3P on track and see if it can meet the high bar set by the i30N (Which is the first car I’ve ever had that I regret parting with)
This Insurance thing has got me confused. I paid roughly the same comp insurance on my new model3, as I did on my previous golf R spec. Anyone else care to comment?
LOL, the i30 N is supposed to be a raw, seat of your pants hot hatch, it's not a refined cosseting, quite cruiser. My Lexus IS 350 is way more quiet and refined than an i30N...and so are a lot of cars!
@@joebloggs24 The grid won't need to be overhauled. It's counter-intuitive, but EV charging will have a near-zero effect on the grid. If we replaced every vehicle in Australia with an EV, total grid consumption would increase by 20% at most. That sounds like a lot, but most charging isn't urgent and can be scheduled for overnight when the grid has plenty of spare capacity. So most of the increase will happen when the grid is sitting idle. And that's not even taking into account home solar. For people with solar on their home, a typical week of driving uses less energy than a typical weekend of excess solar.
I can’t believe how hard major news companies push against EVs 😢. Seems like all petrol stations owners are terrified seeing future without their nasty oil.
It gets them clicks and unfortunately many clicks from outraged EV owners like myself. There is one 'Car Expert' who has a You Tube channel who gets most of his views when he does a post about EVs. He's gone from the odd post about EVS to pretty much becoming an EV bashing channel. I wonder why? My new policy is not to comment on them. Just tell all my friends the truth. One lady at work actually asked spent half an hour with me one day after work to get the low down on buying her first EV. They're the people you engage with. The more EV drivers the more positive talk out in the community because they're a no-brainer. The more EV drvers the less power the anti-EV propaganda becomes.
They need the ad spend. I spent my entire working life in newspapers and for the first 30 years editorial space was sacrosanct. It just could not be bought. Enter the online news world and they prostituted themselves EVERY single day. It was demoralising and painful. Years of ethical news reporting just melted into the ether. It was a cathartic experience when I was offered a redundancy. I took it with glee and left that very same day.
Oil is an important commodity for the production of numerous items, not for burning, other than in some specialized cases. The oil companies & their employees are modern-day Luddites.
I have a standard range model 3 in Tasmania. When I do longer trips, such as the one I did today (>400km) I need to stop for a few minutes to ad a few kw to get me home where I plug in to my Tesla wall charger. Today I used an expensive Evie fast charger at Campbell Town for 7 minutes, putting 7.6kWh in for a grand total of $5.56. I do over 500km/week commuting to/from work and it costs bugger-all. And it is so much more fun to drive compared to ICE. In fact, even if it cost the same as petrol, I would choose electric for the performance and convenience. They really are just better cars. Thanks Chris!
I’m in Tassie too but haven’t got an EV yet but am thinking about it. Are you in the north or south and how do you feel about the amount of chargers about the place. Sure I would do 90% at home but we like to trip about the countryside and know I will need to get a splash of power here and there. Have you found any dramas with that? Do you trip around much or mainly commute between the same places?
Hi Chris. The worst part about owning an EV is the aggressive attitude of people who know nothing about them. I have a Tesla Model 3. My old V6 used about $20 per 100km in fuel - I now use a little over $1 on an EV electricity plan. New hybrid Camry uses about $11 per 100km and top spec version costs as much to buy as a Model 3. It's a no brainer!! Cheers for getting the Dan EV KM tax knocked out!
Yep, it has cost me $1 per 100km for charging on the 8c/kWh overnight rate. $3.70 per 100km if I charge at the 30c/kWh daytime rate. Guess which charging time I choose? Compare that with the $14 per 100km for the LPG in my old Ford Falcon.
You won't escape getting taxed on your EV. England has just announced a road usage tax on EV,s so once there is enough on our roads the federal govt will do the same.
Hi Chris, the reality is, we mostly charge at home, and its basically free. I also charge between 11:00am and 2:00pm for free. Want to charge overnight? 8c, per kw which is what i get paid for my solar export, so it cancels out. I've done about 40,000km in my GV60, travelling about 500km per week all for free. All except that one road trip, where i charged before i left, and once to get home at a charging station. In fact, in my 11 years of driving electric, I have used a charging station 5 times. 3 time to test them out, and twice because i needed to. That's once every 5 years I have needed a charging station. Sure, you may need to charge for a road trip, but the rest of the time it is free, diluting the overall cost.
@@achangyw Driving electric for so long has saved about $5,000 a year, likely more once the price got over $1.50L for petrol. It has all be free; albeit after the cost of installing solar and now having in stalled a home battery. There is of course a cost outlay, but after rebates, for $20,000 I have 13.2kw solar, a 13.6kw home battery, 3 phase power, and finally a proper home charger (for the first 9 years I used a granny charger). I have no petrol and very minimal electricity bill despite being a 2 electric car family. With today's technology and the EV plans on offer, anyone can do it. From hereon out, its effectively free driving.
American here. My Mustang Mach-E costs me 5.6 cents per kWH to charge at home, which is the rate at which my local utility refunds me at the end of each year from my excess solar export. Other costs of ownership over 3 years/24,000+ miles are $40 for two tire rotations, $20 for a cabin air filter and $150 for a brake fluid flush (required every 3 years/30,000 miles). No tire replacements yet. Not having the aggravation of going to a gas station every week or two is the big game changer. The cost of using a DC fast charger on my occasional road trip is roughly the same as the cost of fueling my previous Prius and much less than my current F-150, which is now used almost exclusively for towing and hauling.
Haha nice one. That carexpert video was infuriating. Very sneaky that they skipped so many DC fast chargers just to get to the Evie one so they had to pay, and make it look dramatic
While the BMW comes with a free subscription, not all EV's do, actually most don't, maybe Car Expert shouldn't have used a BMW, but the reality is unless you buy a car where the manufacturer includes the free charging, you have to treat the experiment as though it doesn't. What you and Chris are doing is cherry picking and nit picking, just the way Car Expert did.
@@KnightIndustries572 I have no issue with how much its costs to DC fast charge, I know it is expensive. But there was no balance or open disclosure in that carexpert video, it was completely designed for baiting clicks & views and making EVs look worse than they are. Have you ever driven Melbourne to Sydney return in an EV? Because I have, and the way they did it was stupid eg arriving at that Evie with 2% battery after driving past many many DC chargers on the way, and stopping on the side of the road for a break when they could have just stopped at a fast charger for a top up. They made no mention of how you can leave home with a battery of ‘free’ electricity from solar, there was no mention of the total cost of a road trip ie the return trip when you get back home and plug in and charge for 8c/kWh overnight, these costs were conveniently excluded by the way they ran their ‘test’. I’m not nitpicking, they legitimately designed the test for as much shock value as possible.
Great points Chris! One point that isn't stressed very much is that if you do a lot of fast charging and long distance driving, then regardless of whether even you own an EV or ICE, an efficient vehicle saves a lot of money. I have a Tesla Model Y RWD and I am surprised by its efficiency compared to nearly every other EV despite its size. It's less of an issue when you do most of your charging at home, as in my own case. I bought a Zappi smart charger (after watching your channel) and probably half of my EV charging needs is provided by excess electricity produced by my solar panels.
Yes, agree with everything, drove from Melbourne to Maroochydore in my BYD Atto 3, I found it more relaxing stopping to charge, one thing you didn't mention is how lovely an EV is to drive, so smooth and responsive😊
Our entire 9000Km journey across Australia from Sydney to Perth and return cost us a total of $450 in charging costs. a lot was done overnight accommodation for free.
Great video Chris. Not only do I now charge my car for 8c/kWh, but also I can claim 4.2c for every km that I drive thanks to the govt’s EV novated lease incentive. By my calculations, driving my car makes me money! (Well if you ignore tyres, etc. )
I've owned an MG4 for 9 months now. My odometer is at 18,600 km. I have completed 1 trip Melbourne to Sydney and back which cost me $155 in fast charging. That includes 2 days driving around Sydney (approx. 100k). For my local driving around Melbourne, where I live and charge at home, I have calculated that the remaining 16,000km has cost me $330. So you are spot on. By my experience you are 100% right. I also own a Peugeot 2008. I have calculated that 18600km in the Peugeot would've cost $2,827. A similar trip to Sydney and back in the Peugeot around $250.
I do not do 50,000 kms per year, more like 20K max per year if that, in my Hybrid Camry and I worked on 5.0 litres per 100 kms fuel comsumption, even though toyota state 4.7. I did the sums approx. 18 months ago when purchasing a new vehicle and the Hybrid Camry came out Miles ahead of the Model Y just with the difference in price. I also extrapolated out multiple years of ownership which included Servicing the Camry, Replacing Brake Pads, new Tyres (very expensive on the Model Y and they wear out faster by all reports) and also insurance (approx. $1000 per year extra for a Model Y insurance compared to my Camry). When you actually sit down and do the Sums, it is a Hybrid Camry all the time, even though I did want to buy the Model Y, it just did not work out financially to do so.
Don't believe the rumours about tires. I just sold my MG ZS EV with 39k kms on the clock and original tires. Redbook inspection guy said they were good for at least another 10k. Also, keep your eye on Model Y prices, they've dropped $8k since I bought mine this time last year, and will drop further.
@@rogermartinez78 - Orig post was about comparing Teslas, not about a Mini and a GTi, so you are comparing Apples with a kitchen table - Completely different and irrelevant.
Brilliant. We've had a model 3 for over 2.5 years and the running costs are quite low. Yes, we have solar panels so when at home it costs us around $0.03 pre KWh, less than $2.00 for a full tank of electrons. When we travel, yes we pay more very 2 to 3 hours when we stop, but we have a break. In fact we travel regularly to Melbourne. We leave Sydney at 5:30am, we have breakfast in Goulburn, Lunch in Albury or Wodonga, afternoon tea in Euroa. It takes us longer to eat than to charge.
They are going down swinging. Their lobbying with misleading info is permeating many aspects of related businesses and many in the public are getting the wrong impression as a result. In the end truth will prevail as it always does as more and more people get correctly informed.
Good on you Chris. Eye opener. It’s a shame the main stream car journalists like car experts are misleading the general public. Shame on them. Thanks gain Chris. 👏👏👏
Great video Chris - Another real world example for you, We upgraded to a Model Y at the start of this year. Our 2011 Subaru Forester used to cost minimum $45-$50 per week in fuel, now we’re paying $10 to $12 to charge (2 charges per week 65% to 100%). Forester used to average 11L per 100km around town, the Tesla is averaging 147Kwh per 100km. Instead of filling up in 10 minutes, it now takes 2+ hours to charge on a Type 2 Chargefox charger but we plug it in on the way home, walk home, have dinner and walk the dog back once it’s finished - so there’s no need to DC fast charging in most cases. The car would only be sitting in the underground car park anyway so it’s actually saving 10 minutes not having to go to the servo. We’re working on installing charging throughout our building car park so it will get even cheaper if we can use some of the Flextime EV charging plans. Added to all this, it was costing at least 1K year in serving (6 month servicing) vs nothing now. The savings add up very quickly.
@@chrisvanderstock Well fortunately I’m the strata chairperson for our building so it was a bit easier. I found that once you broke the costs down on a per car park basis and then compared them to an estimated increase in property value, most owners were onboard as they can see it being a desired feature within apartment complexes in the near future. Especially in older buildings as any new buildings that are developed nearby from Oct 2023 onwards have to have charging facilities included in some way. There are lots of innovative charging options and vendors in the market now from simple QR codes on existing 240v sockets right up to managed Type 2 socket, through to proper DC fast chargers. So strata’s are doing their owners a disservice by not exploring/installing it in some manner.
100% agree with you! Ive had my EV for 14 months now. Ive driven 25,000km and like 99% of drivers I don't exceed my cars range (450km) in a day ever. (I think I drove to Sydney and back from Brisbane twice in the 12 years I wonder my previous car) .. So I charge at home - and like you have free power from 11am-2pm and 8c between midnight and 6am. Ive never used a paid DC charger - cos I haven't had to. So the classic questions asked by EVhaters: Q: How long does it take to charge? A: About 2 seconds to plug in when I get home... and 2 seconds to unplug before I drive away Q: How much does it cost? A: Mostly $0 - but occasionally I top up at 8c/kWh costing me as much as $1 for a battery full. Q: What about battery fires? A: Extremely rare even in older Li-ion NMH batteries - far rarer than petrol vehicle fires!.... and Modern LFP batteries are even less likely to be involved in fires. Q: Surely your battery will die and you'll have to pay for a crazy expensive new one soon? A: Modern LFP batteries are expected to last 800k+ km before dropping below 80% of their original capacity. At that point the car will have paid for itself many times over compared to an ICE car - also replacement batteries are getting cheaper and cheaper every day. This is not a concern. Honestly - I cant imagine how anyone can afford to drive an ICE any more given how much cheaper EVs are!!
I watched that car expert video was a little put off by the fact that Paul kept on acting as if the EV was so much more expensive. I'd personally love to do the drive myself and calculate the cost, but I'm so glad you put this video out. Well done Chris. Also, AI video in the videos now?
Thanks! And yes, makes for some interesting b roll instead of seeing my boring talking head. I'll experiment some more as it costs $50 / month for this service.
@@chrisvanderstockI like you too, you’re funny, especially when you do the voice imitations 😂. Keep up the good work. Unfortunately my state doesn’t have the 8c plan for EV’s, even though we are 99% hydropower and clearly the cleanest state in Australia. I wonder how much it would cost me each year, again I have solar but in winter it is heavily affected by the angle of the sun and the shading I get from the 100-250 year old trees on my property…..so about 5 months of the year I have no excess solar 😢
Chris stop ruining the weekend. Do you know how many times my Model Y has exploded unexpectedly and how I have to change the tires every saturday. The MSM would never lie to us :D
My first car was a M3 and now I have a Y aswell using it as a work vehicle. Virtually no running cost certainly makes it attractive. Save $150 in diesel each week. Great video!!
Picking up my Tesla MY RWD tomorrow. Can't wait! I live next to a S/C so I'll get free charging too. I'll look at changing to electric motorcycle in 2 or 3 years once they have better range and cheaper. The issue is woeful efficiency on a 2 wheels versus a car that can cut through the air easily.
Glad you did this Chris. You covered all the points I'd raised and posted to CarExpert's comments area. A few days later, CarExpert released another article "Why are EV Owners so sensitive". I worked out that you need to add about $50 pro rata for this trip on servicing costs associated with adding these kilometres to the ICE BMW.
Thank you for putting in the effort to make this, after 12 months of Model Y ownership I’m seeing about the same sort of costs as you show in the video, can’t imagine ever buying an ICE car again
In the UK I get a subsidy called feed in tariff for my solar so I actually get paid to drive around in summer in winter I pay 7p a kWh. I very occasionally use expensive public chargers (and they are expensive). The net cost though is pritty much nothing, I drive around for nothing. Now you see why the oil industry hate EVs and pay people and journalists to try and rubbish them.
Thanks Chris. I loved the grand reveal at the end. Followed your posts for a couple of years now, and I'm finally taking delivery tomorrow (Model 3 LR). For me it's economical even without the accessibility of home charging. (Still waiting for City of Melbourne to facilitate home charging for on-street parking.)
Thanks Chris for calling out the EV bashing, atm ice vehicle manufacturers & fuel companies spend a lot of money on advertising. Maybe when EV companies start to spend money with TV stations & mags, reviewers etc the attitude will change .
@@chrisvanderstock Cheers Chris, I’ve got a motorcycle review channel here in Aus & recently reviewed an electric scooter. Its power & efficiency amazed me, instant torque, crazy efficient and fast. A real eye opener for me into the realm of electric transportation. (Subbed)
They are just smart business people. They know the topic is hot so they cash in on it. I mean Paul owns a Model Y. He knows that video was purely to generate clicks and revenue. I enjoy their reviews of cars in general but I get it that they need to make money too. Sad, but it's reality. FYI, I'm not anti EV. I don't own one yet but will in the next month or 2!
The savings are great overall; I pay $20/mo and $30/mo to charge my both my EVs. I like the fact that the “pump” is in my house and charges my car overnight.
Great Video Chris, well done :) I have now had my Model Y for just over a year, so far has cost me nothing, (charge with solar and battery at home) just pottering around town. I also no longer have to go out of my way to stop at a servo to get fuel, which is even better :)
Excellent analysis & explanation Chris. Petrol savings alone pay for our EV loan. And no maintenance cost is effectively offsetting some depreciation cost. Win-win
We've got 2 EVs and our running costs just more than doubled here in NZ due to the introduction of Road User Charge, which will come to Australia sooner rather than later. RUC has increased our running costs by two and a half times. Having said that, our home charging is the equivalent pump price of $1.10/L and public charging $2.15/L, so still cheaper than the current 91 octane of $2.60/L
When the person who made this video is called 'Electric Chris', you know pretty much what you'll get and all the comments will be from EV owners nodding and agreeing. Listen EV owners, you're meant to be buying EV's to 'save the planet' , and it shouldn't matter how much it costs to charge them or what that super-high sticker price is. The earth is burning don't you know!
I am electric car owner too and what you are saying is true. I also want to mention that so called car experts compare highway driving, electric cars are less efficient (10% to 30% less efficient) highway driving but more efficient in cities and patrol cars the opposite. So those guys mislead every way possible just to make electric cars look bad. But you, I and other electric car owners know the truth. Good work 👍
95% of EV owners charge at home. They charge on the road only on 2-3 long journeys that they make every year. Even at these stupid prices it still worth to have an EV.
@@chrishar110 - I'm an exception, I got free life-of-ownership free Supercharging with my '20 Tesla S, with a SC station just 0.3 miles away I charge there almost 100% of the time despite having solar panels. My electric 'bill' generally runs about a -$40 a month when there is more sunny weather and longer days. I live in SCal so the older NEM 2.0 policy is grandfathered into my solar system (retail rates for electricity sent back to the grid).
We are on a Weekend Midday Free electricity plan so that provides ~50% charge which usually covers our weekend city-only driving and since expanding our solar system to 6.5kW instead of Off Peak charging we've moved to only Shoulder time charging. At 20c/kWh (Shoulder) minus solar, it's very cheap for us. We better understand our car to charge the minimum needed to go on road trips, and the newer generation Kempower rapid chargers are cost effective and perform very well compared to the early Tritium's. Yes, it takes us longer, yes, there's a risk we have to "wait" in line, but the infrastructure is improving and if we plan ahead, we don't need to stop. Range is still an issue for our country friends and family. The biggest thing we hear about is "[when] they catch fire!" 🤔. Keep up the great videos 👍
Chris, thank you for your video, excellent. While I am not in the position of buying a new car at the moment, I am keeping my mind open about BEV's, I am gathering as much information as I can to make my own mind up, I am certainly not taking any journo's, news outlets, lobby groups or even zealots point of view as gospel (not calling you a zealot by any stretch) but we know they are around, especially on RUclips. One of the biggest hurdles for me, and probably most people if I may be so bold, is anxiety over range, but I have passed that, realising after actually sitting down and analysing my transport needs, that a range of 350km will give me at present - 6 weeks' worth of driving between charges, not having an EV means I am not familiar with the amount of chargers available nor the best networks to use (are the big charge networks the next big oil?) but I am still researching, hopefully in the next 12 months I will be looking at a new car, and a BEV is front of mind. One of the stupidest arguments I have seen and gets trotted out a lot is depreciation. I, and I think probably the majority of people, don't buy a car with the thought of how much they will get as a trade in in 5, 7 or 10 years' time. Factors for me. 1- will it do what I need it to do? 2- will it be reliable? 3- is it safe? (not the so-called prevalent battery fires, I know that is rubbish) and 4-can I afford it? I'm not really a, will other people think it is cool type of person, I also have an old Leyland, so the next person's opinion doesn't really concern me. I have subscribed to your channel. Keep up the good work. Oh, and since you asked, My last fill was this morning $101 for 348km (53.48lt) which is 15.36lt/100 km 91RON, a 24 year old Falcon isn't the most efficient even when it is mechanically sound, I am really looking forward to the day I can get something much cheaper to run.
Great video. One slight slight change I’d like you to see though as someone who does own a solar system is the addition into the equation of feed in tariff. When using a device or charging during the day, there is an opportunity cost involved. At present FIT’s are not what they used to be. But for illustration let’s say the sun is shining and FIT is 5c. The cost to charge 1kW/h from solar is free but at the expense of selling that 1kW/h as well. So it’s the cost is actually kW/h x FIT. But to be fair there is also a saving. The saving is the self consumption of the solar vs what the cost of source the electricity from grid. Solar is such a massive win in this country though. ROI is easily 5 years (and can even be less up north)
I actually used to have a fuel bowser at home, as I made biodiesel from used cooking oil collected from local restaurants! 😂 Apart from that, great video Chris, you really highlight the bias in the media! 👍
As I checked insurance premiums are insanely high for Model 3/Model Y compared to petrol vehicle (AUD 300+ vs 150+). So in rems of costs for a period of time, this plays a huge role. For example if I have to pay extra 100 monthly for insurance for Tesla and if I run 10000 km per year, then at the end of 5 years (50000 km), I will ended up paying 100x12x5 = 6000 extra. So savings on the fuel cost seems doesn't matter in certain cases.
How long do you think free unlimited charging is going to last ? Also let's consider the 2nd highest cost after fuel , namely depreciation. The excess depreciation of EVs over ICE cars of at least 20% needs to be factored into the $pm equation
A lot of people, like me, have unlimited free charging from their own solar panels, that's where we get all our charging from unless on a road trip. So i think it will last a long time, like about 20+ years until the panels need replacing. We've got solar and a home battery and save over $4000 pa in car charging and zero power bills. Plus, by not using power during the evening peak, people like us are reducing the load on the grid and saving everybody money as there will be less need for peak power and grid upgrades.
@@davidjulian8536 That's absolutely great and it makes sense for you but there are many people who don't have North facing roofs, or can install panels for whatever reason. And until such time as all the unknowns relating to owning an EV car are known, I'm gonna stick with a hybrid
@jontibloom6125 you don't need north face panels on your roof. Whilst this is the preferred place to put panels west facing is the 2nd best location then followed by east and lastly south facing panels. During the day, they all will collect sunshine that gets converted into electricity. There are 6.6kWh solar packages starting $3,500 that are constantly advertised on TV. Like others have said here, you can change electricity providers that off cheaper offer peak daytime free electricity during the day between certain hours that will further reduce the charging costs of your Ev at home or 8 cent per kW charging from midnight to 6am 7 days a week. You drive a hybrid, so more expensive than a non hybrid. You are get in an affordable EV with Vehicles like the MG 4 entry model, BYD Dolphin and the Ora cat., all under 40 grand, or If you need some like a camry sized vehicle the BYD seal sedan is around 50 grand plus ORC that are in striking distance price wise when compared it to the highest spec Camry Hybrid, but you get so much more vehicle and lower running costs in the BYD Dynamic Seal sedan. Next time you need to upgrade your vehicle perhaps an Ev either 2nd hand or new might be in the price range over a new hybrid.
If EV car makers can continue to achieve economies of scale and sell their cars for increasingly cheaper amounts, who is going to buy ICE cars? Those few who continue to buy ICE cars will find that there is no market for them when they come to sell, and will have to sell them for junk. Where will your depreciation schedule be then??????
@@AntonHandel-bw7vv I don't know if you have had any business dealings with Chinese manufacturers, I have. Basically the extreme competition that we are seeing in China now will certainly mean prices come down but it will also mean quality will reduce too. A lot of the Chinese companies will also go out of business meaning that you will have little or no support after you purchased the car. Personally I think ICE cars and and EVs can live together but not one to exclusion of the other
Great video again Chris. Been watching your videos for a while now . Just pick up my model y a couple days ago and we love it. Who you with getting 8c/kw if you don’t mind me asking 😊
Great to hear! We're currently with Ovo's EV plan. They do a flat charge per month plan which might not suit people with lots of solar or big batteries but works well for us. There are other electric vehicle plans that offer similar things, so good idea to shop around.
Depends on what you are seeking to do. Issue with electric cars is not the operating cost but rather the depreciation, resale value and issues with insurance costs because of the potential for damage to the battery in collisions. These costs are not offset by the lower operating costs.
Here in the US in various locations its about the same. My gas car is a Kia Optima and it is the equivalent to a Toyota Camry and just driving local cost me $40 every 2 weeks. My Model Y, charging at home during off peak hours for .08 cents per kwh, is about $10 every 2 weeks. The only maintenance I've had so far is windshield wiper fluid, wiper blades and tire rotation.
Thanks Chris, I charge my BYD e-van when and where I need to and overall it is like having a 2lt/100km vehicle ( plus $180/yr service ). I got no subsidy, pay about $300 more in insurance ( though why? ) and paid about $800 more than an equivalent ICE option. But it is so much easier to drive, quiet, quick, and cleaner ( I can reload inside the warehouse due to zero emissions ) Our other car is a Prius C and yes, that gets 4-5lt/100km, which was impressive in 2012 ( ?peak oil efficiency ) but seriously it is 2024!
Good video, thanks. Yes, I am installing an EV charger with a smart meter to charge an EV for free from my solar system. For the record, as of 18 June 2024, the actual cost of running my hybrid Camry for the past 50,000 km on 98 octane unleaded has been $4,900. I live in Brisbane. Going by your numbers you have assumed 6.7L/100km for the Toyota Hybrid Camry. I have a lifetime average in my spreadsheet for my Hybrid Camry of 4.64 L/100km (126,000km to date). This is mainly for city driving across all weather conditions and various times of day. Nonetheless, I take your point to heart, and I agree that EVs are still about half the cost of a Hybrid Camry. If I add the cost of 8 oil changes (every 15,000km) the numbers get further apart. Cheers
Here in the UK, we are charging our car overnight at 7.5 pence/kWh. This equates to marginally less than 2 pence/mile. Since the UK is a bit smaller than Australia, we rarely find the need to use Superchargers. Then, between April/may thereabouts until September/October, the car cost us NOTHING to run since it is all pwered fro our solar panels.
Nice video, I have a video on my channel where I did CBR-MEL in a RWD Tesla and compared my results to theirs. My results were pretty much spot on with yours, didn't take me any extra time as I was eating etc while charging and was SIGNIFICANTLY cheaper.
Thanks Chris for the efforts in clarifying the obvious to EV owners. To the uninitiated ones, negativity is what they live for bcos should they actually use their brain to think things through, they will feel foolish insisting on being lazy and ignorant. The irony is these people actually pay dearly for their lack of initiative to understand new technology like EV. People generally don’t like change, still true today. I gave up buying the same old ICE tech cars after driven more than a dozen. So I bought a Tesla M3! Guess what? I love it!
Isn't the bombshell the staggering depreciation of EV's and insurance costs? In the first few years these giant losses monster the fuel savings. When factoring in all costs, a new Toyota RAV4 hybrid will still be significantly cheaper than a new Tesla Model Y over the first few years. Also, talk to the taxi drivers, they'll tell you here in Australia a Camry hybrid on LPG is just unbeatable.
Also, starting with a full 'tank' and ending with plugging into a wall socket with low charge, reduces the charge time again (also not having to fill up a petrol tank to even start with)
Thank you for sharing real numbers. Your numbers are near exact my calculations. In fact, maintenance wasn’t even included in your numbers. So in addition to fuel companies trying to squash electric. Manufacturers, maybe the petrol one you showed, also squashing it, as their business model is to make money on servicing.
You were under the illusion that Paul Maric was going to give you a factual representation, he is in the pocket of his employer and is only interested in FUD, he owned a M3P and did nothing but whinge about it and same with his Y.
I thought his whinging about the suspension on his Performances were ridiculous. You buy a sports car, you expect the suspension to be firm, and frankly that is what I prefer!!!! I absolutely hate marshmellow cars, they drive me up the wall. Give me a performance car every time!!!!!!
Here in the U.S. EV insurance is roughly double that of an ICE vehicle. Depreciation on EV's is off the charts compared to ICE. To be honest, this comparison must include these elements. When you pay for a solar install that doesn't mean the energy is "free".
In the US, you guys get screwed for solar install prices. Because your govt hates China. I have had 3 household solar systems, 2 had an ROI of just 12 months. So after a year, yes it’s free electricity
What you say is true for Cost of Operation. However the real metric is Total Cost of Ownership, i.e. all expenses from cradle to grave. Expenses like depreciation, insurance, tires, etc. that are more expensive for a BEV paint a very different picture. Yes, the BEV will still have a lower TCO but nowhere low as is implied in this video. I would never go back to an ICEV but the reality is depreciation is almost $0.60 US per mile and insurance at about $0.10 US per mile. Many BEV owners complain about tire cost. I have 45K miles on 30K mile Michelin tires that I will change this fall as the tread depth is not enough for winter driving (my estimation). I am retired and only drive about 5 K mi/yr. I am currently sitting at about $0.80 to $0.85 per mile that will significantly lower as the depreciation will plummet lowering my TCO as the BEV ages.
Fantastic video with real facts. Thank you. Also, where possible, I would prefer to limit flying costs and carbon footprint, so driving instead of flying from Melbourne to Sydney is better for many reasons including more fun, more exploration, more interaction with family, more nature, etc.
Thanks for laying this all out Chris. The BMW x Chargefox deal is a massive incentive that is basically unmatched in the industry and a huge selling point for new buyers. Why BMW didn't ask or require this point to be put up in lights in the video is odd. Additionally, other discounts that could be factored into your calculations are made available by Chargefox and other networks Eg. you can get 10% as an NRMA RACV RACQ member on participating stations, or if you finance your car through Westpac you get 1250kwh of charging for free in the first year. Money talks and once people do their own research and realise the pure economics of their vehicle choice I believe a lot of Australians will go down the electric path. Furthermore, with EV prices getting more competitive, tax effective novated leasing options for EV's, special home energy plans, integration with solar and eventually V2H technology, the maths will get more and more in the favour of EVs in the next couple of years.
Thanks for these thoughts. Definitely important for people to know. I noted in my iX3 review that it too comes with 5 years of free charging for the pro sport variant - I'm surprised more "limo" (LCT) drivers don't use them. They'll save a fortune.
@@chrisvanderstock Not to mention the countless FREE AC stations on Chargefox, Exploren and other public networks... car share drivers use them a lot, which can also create its own problems but I digress...
Great video, so true, I have an MG4 Ev, never paid anything to charge it using ovo daytime free hrs, I have a question, it has LFP battery type, I charge up to 100 percent once a week, do I need to run the battery down below 10 percent every 6 months, or is that not required...
I pay 10 cents per KWHr charging at home; get about 4 miles/KWHr. Gas at around $3.50/gallon; Mazda CX5 gets 22mpg in town, around 30 HWy. So 2.5 cents/mile around town in the Tesla versus 16 cents in the Mazda, or 12 cents on the highway. Does seem to be cheaper for the Tesla by a large factor. Some of that savings would be eroded if I Supercharged at the higher price of around 35 cents per KWHr, but in the 6 months I have owned the Tesla, I never have.
5 месяцев назад
My taxi driver drives his 10 years old Tesla. It has 750 000 km on the clock. Looks old, but still solid as a rock. Nothing squeaks. True, he is on his 3rd battery pack, but even with this it's twice as cost effective as driving Mercedes E 220D (which makes like 70% of all taxis in Austria).
I just took delivery of a brand new 2023 Prado Kakadu in Perth & and couldn't be happier. I am also feeling very relieved as I traded in my Tesla Model Y Rwd for $58,500 3 months ago just b4 the new prices dropped $9,500. Was surprised the Toyota dealership offered me that much & after a year of EV ownership the shine really wore off partly due to my new employer not offering novated leasing & every time you try to use a public charger they either don't work or are being used. Then there's the idiotic sunroof that cooks you in summer even with an aftermarket sunshade, the horrendous windscreen wipers, suspension, door locks & handles just to name a few.
Yep, the door handles are stupid, the windscreen wipers were terrible ( now really good) and the sunroof without a tint or good sunshade will cook you ( if you don't use the auto cabin temp control) AND it's still the best car I've ever owned!!! including many Toyotas
@TMY_GUY I have 3 M3s 1 bought new, 2 second hand. Between the 3, I'm saving about $20K a year in fuel alone! The 2 second hand ones were already depreiated @ ~$40k each (1 LR, 1 Rwd) when I bought them. I suspect that people will start to appreciate that the batteries aren't gunna fail at 100K Km and how really good these cars are very shortly and will start to retain value better.
Try this in California. This is where most Tesla vehicles roam about. Here it cost a whopping 50 cents/KWh. Fast charge? Some charge you up to 75 cents/KWh. Talking about saving. If you're in an accident and you need replacement parts, it'll cost you a pretty penny. Not to mention the amount of time your car is out of service before it can gets fixed. Need new tires? It cost a whopping $450 per tire. The entire set of 4 tires would cost you 2K. And yes, you're gonna need more tires for an EV compared to an ICE car. Want me to go on for more?
Agreed with everything except the part about off peak low cost or free EV electricity plans. If you don't have Solar or a house battery, they get you on higher peak rates when you use electricity for your other appliances.
Chis great report. But you could add maintenance cost. Take it out to 200,000 km. 15 - 20 oil changes, 2 mufflers, 2 brake jobs and 300 hours in a garage.
Bingo! I met a bloke in the US who owned his model 3 for five years, and does 15k miles pa. Only expense was tyres, 2 sets, an ac cabin filter and wiper blades. Sure beats bending over at the “Stealership” twice a year.
Chris. Good video about running costs, I'm sold, thanks. Perhaps you could revisit this production and look at overall costs over a 50000km life? Initial purchase and depreciation are surely part of the picture. Perhaps MG vs Corolla? Cheers
Chris, thank you, thank you, thank you. You are a champion!!!! Who are these clowns who think that ICE cars are cheaper to run than EVs. Extraordinary dishonesty on their part. My story is that I drove for 19 years a wonderful car, a Ford Falcon XR6 Turbo, that I souped up and made it a 300kw and 500nm, redid the suspension with German shock absorbers, etc, to make it a monster, and it was and I had a lot of fun driving it all over our country. However recently it was costing at least $130 to fill, which I did every two weeks. Recently I bought a Tesla Model 3 Performance, which is much faster (377kw, 660nm) and handles better and has AWD that I charge at a Tesla destination charger near my office (I live in an apartment with no scope for home charging). I get charged 35 cents a kw and typically it costs me $10 per week. So the comparison is $65 per week for the Falcon or $10 per week for the Tesla. It is a no brainer which is the better. Anton
Great video. I'm driving a Toyota small car and typically spend $50 every fortnight on fuel. So, looking about $1200 per year. I'm waiting for EV prices to come down further, I know they have dropped in price a lot recently. Model Y is my dream car, Model 2 or BYD Seagull would be more cost effective, can't the last two yet.
well done debunking his video. I was waiting for your video to explain everything that car expert did wrong. Well done on your research research and thank you for serving the EV community.
Car Expert have been singing the praises of the Hyundai IONIQ 5 N with a series of highly entertaining drag racing videos of late. that BMW ICE/EV experiment was a year ago? Most people had forgotten about that, now Chris has resurrected it! LOL
![Electric Chris [Chris Vanderstock]](http://yt3.ggpht.com/CCLFhV_pz9KAJw7gowmTp6BFzqx5YzTWE8dBMZFSkk9OA8alBg7jdkSUixdit-SB-_vTl-OF7FU=s48-c-k-c0x00ffffff-no-rj)
Efficiency figures quoted in this video are based upon my Tesla Model Y real world range after 50,000 kms, EV Database for the Tesla Model 3, and for the Toyota Camry and RAV 4, real world ratings available at Car Expert.
Customers buying Hybrids, haven't done the math. They spent extra cash to go Hybrid, yet the savings in fuel, will take them 8-10 years JUST to recover the delta.🤣
Yes but the charging infrastructure does suck. And when you go off the main routes not everywhere has destination charging.
@@mawhim do you speak from experience here?
The infrastructure is improving rapidly. I did Sydney to Hervey Bay and back with zero issues a year ago, and it would be even easier today.
We have a Model Y and Model 3 and love them. However, deriving power usage from the trip computer is a bit misleading. That only records the driving usage. A more accurate measure of total usage is take the power input from the app.
Chris, those figures you display about charging your model Y are obviously the power figures the car receives. As we all know there are charging ‘losses’ that occur when charging any battery. Have you ever looked at that &!what percentage those losses are on average. Soon you have the Long Range Model Y, the battery is 81kWh, if the car was empty it’s going to take more than 81kWh of electricity to fill it to 100% (or alternatively it’s going to take more than 64.8kWh to fill it to 80%. Are you able to share any information about that?
Cheers Man 👍
Spot on.
We recently did Brisbane to Sydney return in a weekend and it was by far the best road trip I've ever done. 3x 20-30min stops and autopilot meant that I arrived without fatigue after 12 hours travelling. With free destination charging included where we stayed, it cost $150 return in charging.
Week to week, I save so much time not having to go and fill up, I don't mind taking regular breaks on long drives.
I think the big thing these days, and another justification for hating EVs, is that everyone now seems to need to cover large distances in the quickest time possible. To travel 1000kms in 12 hours, allowing a little extra time and enjoying the drive is so much better and safer for everyone.
Thanks for the super insightful video.
😂😂😂 save time not fueling up 😂😂😂😂😂😂😂
Nice analysis of the Car Expert ‘made-for-TV’ video. We did the same Melbourne-Sydney drive in January 2024. Our Tesla Model 3 long range only required 2 charge stops (Albury and Yass) and cost $64 . Because we have solar with battery and our home electric is with Amber , road trips are the only time we pay for supercharging.
New subscriber… thanks Chris for battling the FUD.
Thanks for the sub!
We did Sydney Melbourne return in our Y for $9 (back when Nrma was free)
I don’t trust those main stream so called car experts. I like your honest approach.
I’m awaiting delivery of a M3P, Ive been a petrol head all my life and active in club Motorsport. My current car is an i30N - absolutely incredible daily driver and track day weapon. I test drove the Ioniq 5N on track and it really didn’t do it for me with all the emulated gear shifts and engines sounds, plus it’s $123K.
I test drove a M3LR on the road and I was amazed by the silence, the sound system and the responsiveness. I found the 1 pedal driving so easy to adapt to (and I’m in my 60’s) it was a true watershed moment. When I got back into my i30N all I could feel hear was un-necessary noise and vibration, it was like going back to the steam age. I spend around $100 a week on fuel, with the Tesla it will be under $5. Insurance is still a bit inflated for EV’s but I goy it down to around $1400 with a higher excess so I’m still well ahead. I can’t wait to get the M3P on track and see if it can meet the high bar set by the i30N (Which is the first car I’ve ever had that I regret parting with)
Everyone with an open mind and an honest heart feels the same. I love steam trains, but I don't want to travel on one every day!
This Insurance thing has got me confused. I paid roughly the same comp insurance on my new model3, as I did on my previous golf R spec. Anyone else care to comment?
LOL, the i30 N is supposed to be a raw, seat of your pants hot hatch, it's not a refined cosseting, quite cruiser. My Lexus IS 350 is way more quiet and refined than an i30N...and so are a lot of cars!
@@Cant_prove_god I was getting quotes up to 6K, there seems to be some hesitancy from some insurance providers to cover EV’s
I like the fact that when we do go fully electric, Australia will save nearly $A40 billion on importing fuels.
Yup! And be self reliant on our own energy supplies.
How much does it cost to overhaul the entire energy grid to cope with prolific at home EV charging? 😂
@@joebloggs24nothing. The grid can already cope if we don't charge during peak demand.
@@joebloggs24there is a reason you can charge 8c per kWh between 12 midnight and 6 am.
@@joebloggs24 The grid won't need to be overhauled. It's counter-intuitive, but EV charging will have a near-zero effect on the grid. If we replaced every vehicle in Australia with an EV, total grid consumption would increase by 20% at most. That sounds like a lot, but most charging isn't urgent and can be scheduled for overnight when the grid has plenty of spare capacity. So most of the increase will happen when the grid is sitting idle. And that's not even taking into account home solar. For people with solar on their home, a typical week of driving uses less energy than a typical weekend of excess solar.
I own an Atto 3 and don't need convincing. That car expert is and always has been a goose.
I can’t believe how hard major news companies push against EVs 😢. Seems like all petrol stations owners are terrified seeing future without their nasty oil.
Follow the money…
Yup - so true, right.
It gets them clicks and unfortunately many clicks from outraged EV owners like myself. There is one 'Car Expert' who has a You Tube channel who gets most of his views when he does a post about EVs. He's gone from the odd post about EVS to pretty much becoming an EV bashing channel. I wonder why? My new policy is not to comment on them. Just tell all my friends the truth. One lady at work actually asked spent half an hour with me one day after work to get the low down on buying her first EV. They're the people you engage with. The more EV drivers the more positive talk out in the community because they're a no-brainer. The more EV drvers the less power the anti-EV propaganda becomes.
They need the ad spend. I spent my entire working life in newspapers and for the first 30 years editorial space was sacrosanct. It just could not be bought.
Enter the online news world and they prostituted themselves EVERY single day. It was demoralising and painful. Years of ethical news reporting just melted into the ether. It was a cathartic experience when I was offered a redundancy. I took it with glee and left that very same day.
Oil is an important commodity for the production of numerous items, not for burning, other than in some specialized cases. The oil companies & their employees are modern-day Luddites.
I have a standard range model 3 in Tasmania. When I do longer trips, such as the one I did today (>400km) I need to stop for a few minutes to ad a few kw to get me home where I plug in to my Tesla wall charger. Today I used an expensive Evie fast charger at Campbell Town for 7 minutes, putting 7.6kWh in for a grand total of $5.56. I do over 500km/week commuting to/from work and it costs bugger-all. And it is so much more fun to drive compared to ICE. In fact, even if it cost the same as petrol, I would choose electric for the performance and convenience. They really are just better cars. Thanks Chris!
Evie has become quite expensive
I’m in Tassie too but haven’t got an EV yet but am thinking about it. Are you in the north or south and how do you feel about the amount of chargers about the place. Sure I would do 90% at home but we like to trip about the countryside and know I will need to get a splash of power here and there. Have you found any dramas with that? Do you trip around much or mainly commute between the same places?
How much does using headlights, heater, aircon, radio lower the range.
@450tank oh, and factor in regenerative charging in Tassie, where you use extra power going up hills, and get a lot of it back on the return journey
Hi Chris.
The worst part about owning an EV is the aggressive attitude of people who know nothing about them.
I have a Tesla Model 3. My old V6 used about $20 per 100km in fuel - I now use a little over $1 on an EV electricity plan.
New hybrid Camry uses about $11 per 100km and top spec version costs as much to buy as a Model 3.
It's a no brainer!!
Cheers for getting the Dan EV KM tax knocked out!
Thanks, good outcome right?! Let's keep spreading the good news and encourage people into EVs
Yep, it has cost me $1 per 100km for charging on the 8c/kWh overnight rate. $3.70 per 100km if I charge at the 30c/kWh daytime rate. Guess which charging time I choose?
Compare that with the $14 per 100km for the LPG in my old Ford Falcon.
You won't escape getting taxed on your EV. England has just announced a road usage tax on EV,s so once there is enough on our roads the federal govt will do the same.
The car expert is obviously paid by legacy and fossil fuel interests.
That's fine, let us know what you get trade i time..my guess is your enthusiasm will dampen and you'll go all quiet..
Hi Chris, the reality is, we mostly charge at home, and its basically free. I also charge between 11:00am and 2:00pm for free. Want to charge overnight? 8c, per kw which is what i get paid for my solar export, so it cancels out. I've done about 40,000km in my GV60, travelling about 500km per week all for free. All except that one road trip, where i charged before i left, and once to get home at a charging station. In fact, in my 11 years of driving electric, I have used a charging station 5 times. 3 time to test them out, and twice because i needed to. That's once every 5 years I have needed a charging station. Sure, you may need to charge for a road trip, but the rest of the time it is free, diluting the overall cost.
Nice! Great car by the way
Impressive savings!
@@achangyw Driving electric for so long has saved about $5,000 a year, likely more once the price got over $1.50L for petrol. It has all be free; albeit after the cost of installing solar and now having in stalled a home battery.
There is of course a cost outlay, but after rebates, for $20,000 I have 13.2kw solar, a 13.6kw home battery, 3 phase power, and finally a proper home charger (for the first 9 years I used a granny charger). I have no petrol and very minimal electricity bill despite being a 2 electric car family. With today's technology and the EV plans on offer, anyone can do it. From hereon out, its effectively free driving.
American here. My Mustang Mach-E costs me 5.6 cents per kWH to charge at home, which is the rate at which my local utility refunds me at the end of each year from my excess solar export. Other costs of ownership over 3 years/24,000+ miles are $40 for two tire rotations, $20 for a cabin air filter and $150 for a brake fluid flush (required every 3 years/30,000 miles). No tire replacements yet.
Not having the aggravation of going to a gas station every week or two is the big game changer. The cost of using a DC fast charger on my occasional road trip is roughly the same as the cost of fueling my previous Prius and much less than my current F-150, which is now used almost exclusively for towing and hauling.
Haha nice one. That carexpert video was infuriating. Very sneaky that they skipped so many DC fast chargers just to get to the Evie one so they had to pay, and make it look dramatic
Yup!
While the BMW comes with a free subscription, not all EV's do, actually most don't, maybe Car Expert shouldn't have used a BMW, but the reality is unless you buy a car where the manufacturer includes the free charging, you have to treat the experiment as though it doesn't. What you and Chris are doing is cherry picking and nit picking, just the way Car Expert did.
@@KnightIndustries572 I have no issue with how much its costs to DC fast charge, I know it is expensive. But there was no balance or open disclosure in that carexpert video, it was completely designed for baiting clicks & views and making EVs look worse than they are. Have you ever driven Melbourne to Sydney return in an EV? Because I have, and the way they did it was stupid eg arriving at that Evie with 2% battery after driving past many many DC chargers on the way, and stopping on the side of the road for a break when they could have just stopped at a fast charger for a top up. They made no mention of how you can leave home with a battery of ‘free’ electricity from solar, there was no mention of the total cost of a road trip ie the return trip when you get back home and plug in and charge for 8c/kWh overnight, these costs were conveniently excluded by the way they ran their ‘test’. I’m not nitpicking, they legitimately designed the test for as much shock value as possible.
Great points Chris! One point that isn't stressed very much is that if you do a lot of fast charging and long distance driving, then regardless of whether even you own an EV or ICE, an efficient vehicle saves a lot of money. I have a Tesla Model Y RWD and I am surprised by its efficiency compared to nearly every other EV despite its size. It's less of an issue when you do most of your charging at home, as in my own case. I bought a Zappi smart charger (after watching your channel) and probably half of my EV charging needs is provided by excess electricity produced by my solar panels.
Yes, agree with everything, drove from Melbourne to Maroochydore in my BYD Atto 3, I found it more relaxing stopping to charge, one thing you didn't mention is how lovely an EV is to drive, so smooth and responsive😊
Our entire 9000Km journey across Australia from Sydney to Perth and return cost us a total of $450 in charging costs. a lot was done overnight accommodation for free.
Great video Chris. Not only do I now charge my car for 8c/kWh, but also I can claim 4.2c for every km that I drive thanks to the govt’s EV novated lease incentive. By my calculations, driving my car makes me money! (Well if you ignore tyres, etc. )
Good stuff!
I've owned an MG4 for 9 months now. My odometer is at 18,600 km. I have completed 1 trip Melbourne to Sydney and back which cost me $155 in fast charging. That includes 2 days driving around Sydney (approx. 100k). For my local driving around Melbourne, where I live and charge at home, I have calculated that the remaining 16,000km has cost me $330. So you are spot on. By my experience you are 100% right. I also own a Peugeot 2008. I have calculated that 18600km in the Peugeot would've cost $2,827. A similar trip to Sydney and back in the Peugeot around $250.
I do not do 50,000 kms per year, more like 20K max per year if that, in my Hybrid Camry and I worked on 5.0 litres per 100 kms fuel comsumption, even though toyota state 4.7. I did the sums approx. 18 months ago when purchasing a new vehicle and the Hybrid Camry came out Miles ahead of the Model Y just with the difference in price. I also extrapolated out multiple years of ownership which included Servicing the Camry, Replacing Brake Pads, new Tyres (very expensive on the Model Y and they wear out faster by all reports) and also insurance (approx. $1000 per year extra for a Model Y insurance compared to my Camry). When you actually sit down and do the Sums, it is a Hybrid Camry all the time, even though I did want to buy the Model Y, it just did not work out financially to do so.
Don't believe the rumours about tires.
I just sold my MG ZS EV with 39k kms on the clock and original tires. Redbook inspection guy said they were good for at least another 10k.
Also, keep your eye on Model Y prices, they've dropped $8k since I bought mine this time last year, and will drop further.
@@LawrenceHarman - I get approx. 70K to 80K out of a set of tyres. But Model Y Tyres are $200 extra per tyre.
Camry more compare to a model 3 and not a Y. In my Mini electric as comparison to driving my GTI, I am saving close to $3000 a year.
@@rogermartinez78 - Orig post was about comparing Teslas, not about a Mini and a GTi, so you are comparing Apples with a kitchen table - Completely different and irrelevant.
@@dznutz3598 one is electric and the other is gas and I am saving a bunch using the electric Mini is a daily.
I’ll believe the guy who took the government to the high court and won, than Car Expert.
Bloody oath!
Yep, NAILED it!
I’m on my 5th electric year! Bought my first Tesla in’20, added 220 to my garage, and love the car! No one else in my family does, though.
Brilliant. We've had a model 3 for over 2.5 years and the running costs are quite low. Yes, we have solar panels so when at home it costs us around $0.03 pre KWh, less than $2.00 for a full tank of electrons. When we travel, yes we pay more very 2 to 3 hours when we stop, but we have a break. In fact we travel regularly to Melbourne. We leave Sydney at 5:30am, we have breakfast in Goulburn, Lunch in Albury or Wodonga, afternoon tea in Euroa. It takes us longer to eat than to charge.
Oil companies represent a huge lobby group and they’re not giving up without a fight.
Yep! And we'll keep on sharing the truth.
Definitely
With an annual subsidisation of AU$ 20 billion from your gov why would you?
Where do you get your misinformation?
They are going down swinging. Their lobbying with misleading info is permeating many aspects of related businesses and many in the public are getting the wrong impression as a result. In the end truth will prevail as it always does as more and more people get correctly informed.
Good on you Chris. Eye opener. It’s a shame the main stream car journalists like car experts are misleading the general public. Shame on them. Thanks gain Chris. 👏👏👏
Who do you think is paying their wages???
Great video Chris - Another real world example for you, We upgraded to a Model Y at the start of this year. Our 2011 Subaru Forester used to cost minimum $45-$50 per week in fuel, now we’re paying $10 to $12 to charge (2 charges per week 65% to 100%). Forester used to average 11L per 100km around town, the Tesla is averaging 147Kwh per 100km. Instead of filling up in 10 minutes, it now takes 2+ hours to charge on a Type 2 Chargefox charger but we plug it in on the way home, walk home, have dinner and walk the dog back once it’s finished - so there’s no need to DC fast charging in most cases. The car would only be sitting in the underground car park anyway so it’s actually saving 10 minutes not having to go to the servo. We’re working on installing charging throughout our building car park so it will get even cheaper if we can use some of the Flextime EV charging plans. Added to all this, it was costing at least 1K year in serving (6 month servicing) vs nothing now. The savings add up very quickly.
My gosh! Well done to you. That's a big task getting body corporate to agree to an install like that.
Also just something I noticed it should have been 14.7kwh /100km not 147kwh but can be corrected
@@chrisvanderstock Well fortunately I’m the strata chairperson for our building so it was a bit easier. I found that once you broke the costs down on a per car park basis and then compared them to an estimated increase in property value, most owners were onboard as they can see it being a desired feature within apartment complexes in the near future. Especially in older buildings as any new buildings that are developed nearby from Oct 2023 onwards have to have charging facilities included in some way. There are lots of innovative charging options and vendors in the market now from simple QR codes on existing 240v sockets right up to managed Type 2 socket, through to proper DC fast chargers. So strata’s are doing their owners a disservice by not exploring/installing it in some manner.
100% agree with you!
Ive had my EV for 14 months now. Ive driven 25,000km and like 99% of drivers I don't exceed my cars range (450km) in a day ever.
(I think I drove to Sydney and back from Brisbane twice in the 12 years I wonder my previous car)
.. So I charge at home - and like you have free power from 11am-2pm and 8c between midnight and 6am.
Ive never used a paid DC charger - cos I haven't had to.
So the classic questions asked by EVhaters:
Q: How long does it take to charge?
A: About 2 seconds to plug in when I get home... and 2 seconds to unplug before I drive away
Q: How much does it cost?
A: Mostly $0 - but occasionally I top up at 8c/kWh costing me as much as $1 for a battery full.
Q: What about battery fires?
A: Extremely rare even in older Li-ion NMH batteries - far rarer than petrol vehicle fires!.... and Modern LFP batteries are even less likely to be involved in fires.
Q: Surely your battery will die and you'll have to pay for a crazy expensive new one soon?
A: Modern LFP batteries are expected to last 800k+ km before dropping below 80% of their original capacity. At that point the car will have paid for itself many times over compared to an ICE car - also replacement batteries are getting cheaper and cheaper every day. This is not a concern.
Honestly - I cant imagine how anyone can afford to drive an ICE any more given how much cheaper EVs are!!
I watched that car expert video was a little put off by the fact that Paul kept on acting as if the EV was so much more expensive. I'd personally love to do the drive myself and calculate the cost, but I'm so glad you put this video out. Well done Chris. Also, AI video in the videos now?
Thanks! And yes, makes for some interesting b roll instead of seeing my boring talking head. I'll experiment some more as it costs $50 / month for this service.
I’m in Ontario Canada - charged my car from 10% to full last night at home - the cost was under $2.00 CAD/$1.47 USD
I love a good myth busting video. I will be sure to use your video as a source. Cheers.
Awesome, thank you!
@@chrisvanderstockI like you too, you’re funny, especially when you do the voice imitations 😂. Keep up the good work.
Unfortunately my state doesn’t have the 8c plan for EV’s, even though we are 99% hydropower and clearly the cleanest state in Australia.
I wonder how much it would cost me each year, again I have solar but in winter it is heavily affected by the angle of the sun and the shading I get from the 100-250 year old trees on my property…..so about 5 months of the year I have no excess solar 😢
Next episode: Depreciation & public charging networks that are either broken or being used as there is only 1 available.
@@PradoKakadu Oh yeah a real biggie - we're losing millions!
Why don't you buy an EV and stop your whinging.
@@krossbolt4100 why don't you stop telling people what THEY should drive?
Chris stop ruining the weekend. Do you know how many times my Model Y has exploded unexpectedly and how I have to change the tires every saturday. The MSM would never lie to us :D
I've got the same issues with an Ioniq 5 Freddie, only 60000 km and the tyres only have half the tread left.
@@davidjulian8536 That's pretty good, i'll confess to loving the acceleration so i'll be up for a full set 60K
My first car was a M3 and now I have a Y aswell using it as a work vehicle. Virtually no running cost certainly makes it attractive. Save $150 in diesel each week.
Great video!!
Great savings!
Picking up my Tesla MY RWD tomorrow. Can't wait! I live next to a S/C so I'll get free charging too. I'll look at changing to electric motorcycle in 2 or 3 years once they have better range and cheaper. The issue is woeful efficiency on a 2 wheels versus a car that can cut through the air easily.
Glad you did this Chris. You covered all the points I'd raised and posted to CarExpert's comments area. A few days later, CarExpert released another article "Why are EV Owners so sensitive".
I worked out that you need to add about $50 pro rata for this trip on servicing costs associated with adding these kilometres to the ICE BMW.
Car Expert really need to get over themselves. EV owners are sensitive when they are expected to believe a load of horsesh*t!
Here in California, my VW ID.4 has had 3 years of free EV fast charging. It runs out at the end of July. Then I will be on home charging.
Thank you for putting in the effort to make this, after 12 months of Model Y ownership I’m seeing about the same sort of costs as you show in the video, can’t imagine ever buying an ICE car again
Well done again Chris.
Excellent on point video.
Keep up the great work 🙂
In the UK I get a subsidy called feed in tariff for my solar so I actually get paid to drive around in summer in winter I pay 7p a kWh. I very occasionally use expensive public chargers (and they are expensive). The net cost though is pritty much nothing, I drive around for nothing. Now you see why the oil industry hate EVs and pay people and journalists to try and rubbish them.
Thanks Chris. I loved the grand reveal at the end. Followed your posts for a couple of years now, and I'm finally taking delivery tomorrow (Model 3 LR). For me it's economical even without the accessibility of home charging. (Still waiting for City of Melbourne to facilitate home charging for on-street parking.)
Great video mate, thanks for making it as clarifies all the FUD on EVs on the news
Thanks! Annoying isn't it!?
Awesome video to reveal the reality of the EV world & to counteract the misinformation spread by some biased journalism.
Thanks Chris for calling out the EV bashing, atm ice vehicle manufacturers & fuel companies spend a lot of money on advertising. Maybe when EV companies start to spend money with TV stations & mags, reviewers etc the attitude will change .
Thanks!
@@chrisvanderstock Cheers Chris, I’ve got a motorcycle review channel here in Aus & recently reviewed an electric scooter. Its power & efficiency amazed me, instant torque, crazy efficient and fast. A real eye opener for me into the realm of electric transportation. (Subbed)
BUT, when your battery goes kaput...ARE YOU READY FOR THE PRICE OF A NEW ONE?!
great video - carexpert have some underlying bias against EVs!
Maybe!? Click bait perhaps?
@@chrisvanderstock ClickbAit(R)EXPERT
They are just smart business people. They know the topic is hot so they cash in on it. I mean Paul owns a Model Y. He knows that video was purely to generate clicks and revenue. I enjoy their reviews of cars in general but I get it that they need to make money too. Sad, but it's reality. FYI, I'm not anti EV. I don't own one yet but will in the next month or 2!
Great video Chis. That Car Expert video was a shocker!
Right?!
Thanks for getting the actual facts out there. You can't keep good bargains down, and people will figure it out eventually.
Very true!
The savings are great overall; I pay $20/mo and $30/mo to charge my both my EVs.
I like the fact that the “pump” is in my house and charges my car overnight.
Same!
Great Video Chris, well done :) I have now had my Model Y for just over a year, so far has cost me nothing, (charge with solar and battery at home) just pottering around town.
I also no longer have to go out of my way to stop at a servo to get fuel, which is even better :)
Excellent analysis & explanation Chris. Petrol savings alone pay for our EV loan. And no maintenance cost is effectively offsetting some depreciation cost. Win-win
😂😂😂😂😂😂😂
Rubbish. Have you done a complete economic study. Nope, thought so.
We've got 2 EVs and our running costs just more than doubled here in NZ due to the introduction of Road User Charge, which will come to Australia sooner rather than later. RUC has increased our running costs by two and a half times. Having said that, our home charging is the equivalent pump price of $1.10/L and public charging $2.15/L, so still cheaper than the current 91 octane of $2.60/L
How is your NZ RUC calculated and what documentation do EV owners need to complete? Thanks
@@mspalmboy It's the same as the existing diesel RUC. $76/1000km. So you just need to display the RUC label over the Rego on the windscreen.
When the person who made this video is called 'Electric Chris', you know pretty much what you'll get and all the comments will be from EV owners nodding and agreeing. Listen EV owners, you're meant to be buying EV's to 'save the planet' , and it shouldn't matter how much it costs to charge them or what that super-high sticker price is. The earth is burning don't you know!
I am electric car owner too and what you are saying is true.
I also want to mention that so called car experts compare highway driving, electric cars are less efficient (10% to 30% less efficient) highway driving but more efficient in cities and patrol cars the opposite.
So those guys mislead every way possible just to make electric cars look bad. But you, I and other electric car owners know the truth.
Good work 👍
I charge at home 95% of the time .
Me to on solar paying nothing
95% of EV owners charge at home. They charge on the road only on 2-3 long journeys that they make every year. Even at these stupid prices it still worth to have an EV.
@@chrishar110 - I'm an exception, I got free life-of-ownership free Supercharging with my '20 Tesla S, with a SC station just 0.3 miles away I charge there almost 100% of the time despite having solar panels. My electric 'bill' generally runs about a -$40 a month when there is more sunny weather and longer days. I live in SCal so the older NEM 2.0 policy is grandfathered into my solar system (retail rates for electricity sent back to the grid).
An excellent video Chris. The real world case study figures are excellent. I'm sharing this video. Many thanks.
Well done Chris, I really love my ev but hate all the ignorant people badgering you about it.
Annoying isn't it!?
We are on a Weekend Midday Free electricity plan so that provides ~50% charge which usually covers our weekend city-only driving and since expanding our solar system to 6.5kW instead of Off Peak charging we've moved to only Shoulder time charging. At 20c/kWh (Shoulder) minus solar, it's very cheap for us. We better understand our car to charge the minimum needed to go on road trips, and the newer generation Kempower rapid chargers are cost effective and perform very well compared to the early Tritium's. Yes, it takes us longer, yes, there's a risk we have to "wait" in line, but the infrastructure is improving and if we plan ahead, we don't need to stop. Range is still an issue for our country friends and family. The biggest thing we hear about is "[when] they catch fire!" 🤔. Keep up the great videos 👍
Chris, thank you for your video, excellent. While I am not in the position of buying a new car at the moment, I am keeping my mind open about BEV's, I am gathering as much information as I can to make my own mind up, I am certainly not taking any journo's, news outlets, lobby groups or even zealots point of view as gospel (not calling you a zealot by any stretch) but we know they are around, especially on RUclips. One of the biggest hurdles for me, and probably most people if I may be so bold, is anxiety over range, but I have passed that, realising after actually sitting down and analysing my transport needs, that a range of 350km will give me at present - 6 weeks' worth of driving between charges, not having an EV means I am not familiar with the amount of chargers available nor the best networks to use (are the big charge networks the next big oil?) but I am still researching, hopefully in the next 12 months I will be looking at a new car, and a BEV is front of mind. One of the stupidest arguments I have seen and gets trotted out a lot is depreciation. I, and I think probably the majority of people, don't buy a car with the thought of how much they will get as a trade in in 5, 7 or 10 years' time. Factors for me. 1- will it do what I need it to do? 2- will it be reliable? 3- is it safe? (not the so-called prevalent battery fires, I know that is rubbish) and 4-can I afford it? I'm not really a, will other people think it is cool type of person, I also have an old Leyland, so the next person's opinion doesn't really concern me. I have subscribed to your channel. Keep up the good work. Oh, and since you asked, My last fill was this morning $101 for 348km (53.48lt) which is 15.36lt/100 km 91RON, a 24 year old Falcon isn't the most efficient even when it is mechanically sound, I am really looking forward to the day I can get something much cheaper to run.
Great video. One slight slight change I’d like you to see though as someone who does own a solar system is the addition into the equation of feed in tariff.
When using a device or charging during the day, there is an opportunity cost involved.
At present FIT’s are not what they used to be. But for illustration let’s say the sun is shining and FIT is 5c.
The cost to charge 1kW/h from solar is free but at the expense of selling that 1kW/h as well.
So it’s the cost is actually kW/h x FIT.
But to be fair there is also a saving. The saving is the self consumption of the solar vs what the cost of source the electricity from grid.
Solar is such a massive win in this country though. ROI is easily 5 years (and can even be less up north)
I actually used to have a fuel bowser at home, as I made biodiesel from used cooking oil collected from local restaurants! 😂 Apart from that, great video Chris, you really highlight the bias in the media! 👍
Love your work Chris, Stuart from Sydenham
Thanks Stuart!
Well done sir... You are telling truths and logic without biased...
As I checked insurance premiums are insanely high for Model 3/Model Y compared to petrol vehicle (AUD 300+ vs 150+). So in rems of costs for a period of time, this plays a huge role. For example if I have to pay extra 100 monthly for insurance for Tesla and if I run 10000 km per year, then at the end of 5 years (50000 km), I will ended up paying 100x12x5 = 6000 extra. So savings on the fuel cost seems doesn't matter in certain cases.
How long do you think free unlimited charging is going to last ? Also let's consider the 2nd highest cost after fuel , namely depreciation. The excess depreciation of EVs over ICE cars of at least 20% needs to be factored into the $pm equation
A lot of people, like me, have unlimited free charging from their own solar panels, that's where we get all our charging from unless on a road trip. So i think it will last a long time, like about 20+ years until the panels need replacing. We've got solar and a home battery and save over $4000 pa in car charging and zero power bills. Plus, by not using power during the evening peak, people like us are reducing the load on the grid and saving everybody money as there will be less need for peak power and grid upgrades.
@@davidjulian8536 That's absolutely great and it makes sense for you but there are many people who don't have North facing roofs, or can install panels for whatever reason. And until such time as all the unknowns relating to owning an EV car are known, I'm gonna stick with a hybrid
@jontibloom6125 you don't need north face panels on your roof. Whilst this is the preferred place to put panels west facing is the 2nd best location then followed by east and lastly south facing panels.
During the day, they all will collect sunshine that gets converted into electricity.
There are 6.6kWh solar packages starting $3,500 that are constantly advertised on TV.
Like others have said here, you can change electricity providers that off cheaper offer peak daytime free electricity during the day between certain hours that will further reduce the charging costs of your Ev at home or 8 cent per kW charging from midnight to 6am 7 days a week.
You drive a hybrid, so more expensive than a non hybrid.
You are get in an affordable EV with Vehicles like the MG 4 entry model, BYD Dolphin and the Ora cat., all under 40 grand, or If you need some like a camry sized vehicle the BYD seal sedan is around 50 grand plus ORC that are in striking distance price wise when compared it to the highest spec Camry Hybrid, but you get so much more vehicle and lower running costs in the BYD Dynamic Seal sedan.
Next time you need to upgrade your vehicle perhaps an Ev either 2nd hand or new might be in the price range over a new hybrid.
If EV car makers can continue to achieve economies of scale and sell their cars for increasingly cheaper amounts, who is going to buy ICE cars? Those few who continue to buy ICE cars will find that there is no market for them when they come to sell, and will have to sell them for junk. Where will your depreciation schedule be then??????
@@AntonHandel-bw7vv I don't know if you have had any business dealings with Chinese manufacturers, I have. Basically the extreme competition that we are seeing in China now will certainly mean prices come down but it will also mean quality will reduce too. A lot of the Chinese companies will also go out of business meaning that you will have little or no support after you purchased the car. Personally I think ICE cars and and EVs can live together but not one to exclusion of the other
Great video again Chris. Been watching your videos for a while now . Just pick up my model y a couple days ago and we love it. Who you with getting 8c/kw if you don’t mind me asking 😊
Great to hear! We're currently with Ovo's EV plan. They do a flat charge per month plan which might not suit people with lots of solar or big batteries but works well for us. There are other electric vehicle plans that offer similar things, so good idea to shop around.
Great work! The video we needed!
Depends on what you are seeking to do. Issue with electric cars is not the operating cost but rather the depreciation, resale value and issues with insurance costs because of the potential for damage to the battery in collisions. These costs are not offset by the lower operating costs.
Here in the US in various locations its about the same. My gas car is a Kia Optima and it is the equivalent to a Toyota Camry and just driving local cost me $40 every 2 weeks.
My Model Y, charging at home during off peak hours for .08 cents per kwh, is about $10 every 2 weeks.
The only maintenance I've had so far is windshield wiper fluid, wiper blades and tire rotation.
Thanks Chris, I charge my BYD e-van when and where I need to and overall it is like having a 2lt/100km vehicle ( plus $180/yr service ). I got no subsidy, pay about $300 more in insurance ( though why? ) and paid about $800 more than an equivalent ICE option. But it is so much easier to drive, quiet, quick, and cleaner ( I can reload inside the warehouse due to zero emissions ) Our other car is a Prius C and yes, that gets 4-5lt/100km, which was impressive in 2012 ( ?peak oil efficiency ) but seriously it is 2024!
Good video, thanks. Yes, I am installing an EV charger with a smart meter to charge an EV for free from my solar system. For the record, as of 18 June 2024, the actual cost of running my hybrid Camry for the past 50,000 km on 98 octane unleaded has been $4,900. I live in Brisbane. Going by your numbers you have assumed 6.7L/100km for the Toyota Hybrid Camry. I have a lifetime average in my spreadsheet for my Hybrid Camry of 4.64 L/100km (126,000km to date). This is mainly for city driving across all weather conditions and various times of day. Nonetheless, I take your point to heart, and I agree that EVs are still about half the cost of a Hybrid Camry. If I add the cost of 8 oil changes (every 15,000km) the numbers get further apart. Cheers
Here in the UK, we are charging our car overnight at 7.5 pence/kWh. This equates to marginally less than 2 pence/mile. Since the UK is a bit smaller than Australia, we rarely find the need to use Superchargers. Then, between April/may thereabouts until September/October, the car cost us NOTHING to run since it is all pwered fro our solar panels.
Very good video. Clear and precise. Thanks Chris
Very welcome
Nice video, I have a video on my channel where I did CBR-MEL in a RWD Tesla and compared my results to theirs. My results were pretty much spot on with yours, didn't take me any extra time as I was eating etc while charging and was SIGNIFICANTLY cheaper.
Thanks Chris for the efforts in clarifying the obvious to EV owners. To the uninitiated ones, negativity is what they live for bcos should they actually use their brain to think things through, they will feel foolish insisting on being lazy and ignorant. The irony is these people actually pay dearly for their lack of initiative to understand new technology like EV. People generally don’t like change, still true today.
I gave up buying the same old ICE tech cars after driven more than a dozen. So I bought a Tesla M3! Guess what? I love it!
Isn't the bombshell the staggering depreciation of EV's and insurance costs? In the first few years these giant losses monster the fuel savings. When factoring in all costs, a new Toyota RAV4 hybrid will still be significantly cheaper than a new Tesla Model Y over the first few years. Also, talk to the taxi drivers, they'll tell you here in Australia a Camry hybrid on LPG is just unbeatable.
Also, starting with a full 'tank' and ending with plugging into a wall socket with low charge, reduces the charge time again (also not having to fill up a petrol tank to even start with)
Thank you for sharing real numbers. Your numbers are near exact my calculations. In fact, maintenance wasn’t even included in your numbers.
So in addition to fuel companies trying to squash electric. Manufacturers, maybe the petrol one you showed, also squashing it, as their business model is to make money on servicing.
You were under the illusion that Paul Maric was going to give you a factual representation, he is in the pocket of his employer and is only interested in FUD, he owned a M3P and did nothing but whinge about it and same with his Y.
I thought his whinging about the suspension on his Performances were ridiculous. You buy a sports car, you expect the suspension to be firm, and frankly that is what I prefer!!!! I absolutely hate marshmellow cars, they drive me up the wall. Give me a performance car every time!!!!!!
Here in the U.S. EV insurance is roughly double that of an ICE vehicle. Depreciation on EV's is off the charts compared to ICE. To be honest, this comparison must include these elements. When you pay for a solar install that doesn't mean the energy is "free".
In the US, you guys get screwed for solar install prices. Because your govt hates China. I have had 3 household solar systems, 2 had an ROI of just 12 months. So after a year, yes it’s free electricity
Thank you so much for the video, but please mention about the battery change costs for every 10.000KM, registering costs, and insurance as well.
Thank you for continuing to provide excellent exposure of misinformation and bias against EV
What you say is true for Cost of Operation. However the real metric is Total Cost of Ownership, i.e. all expenses from cradle to grave. Expenses like depreciation, insurance, tires, etc. that are more expensive for a BEV paint a very different picture. Yes, the BEV will still have a lower TCO but nowhere low as is implied in this video.
I would never go back to an ICEV but the reality is depreciation is almost $0.60 US per mile and insurance at about $0.10 US per mile. Many BEV owners complain about tire cost. I have 45K miles on 30K mile Michelin tires that I will change this fall as the tread depth is not enough for winter driving (my estimation). I am retired and only drive about 5 K mi/yr. I am currently sitting at about $0.80 to $0.85 per mile that will significantly lower as the depreciation will plummet lowering my TCO as the BEV ages.
Fantastic video with real facts. Thank you.
Also, where possible, I would prefer to limit flying costs and carbon footprint, so driving instead of flying from Melbourne to Sydney is better for many reasons including more fun, more exploration, more interaction with family, more nature, etc.
Thanks for laying this all out Chris.
The BMW x Chargefox deal is a massive incentive that is basically unmatched in the industry and a huge selling point for new buyers. Why BMW didn't ask or require this point to be put up in lights in the video is odd.
Additionally, other discounts that could be factored into your calculations are made available by Chargefox and other networks Eg. you can get 10% as an NRMA RACV RACQ member on participating stations, or if you finance your car through Westpac you get 1250kwh of charging for free in the first year.
Money talks and once people do their own research and realise the pure economics of their vehicle choice I believe a lot of Australians will go down the electric path. Furthermore, with EV prices getting more competitive, tax effective novated leasing options for EV's, special home energy plans, integration with solar and eventually V2H technology, the maths will get more and more in the favour of EVs in the next couple of years.
Thanks for these thoughts. Definitely important for people to know. I noted in my iX3 review that it too comes with 5 years of free charging for the pro sport variant - I'm surprised more "limo" (LCT) drivers don't use them. They'll save a fortune.
@@chrisvanderstock Not to mention the countless FREE AC stations on Chargefox, Exploren and other public networks... car share drivers use them a lot, which can also create its own problems but I digress...
I charge mostly at home.
My electricity bill for house and car combined is covered by what I used to spend on gas alone with my former car.
Great video, so true, I have an MG4 Ev, never paid anything to charge it using ovo daytime free hrs, I have a question, it has LFP battery type, I charge up to 100 percent once a week, do I need to run the battery down below 10 percent every 6 months, or is that not required...
In the first 50000km my 2019 M3 only cost me $500 in charging and maintenance, plus tyre wear. I bought a second one this year
I pay 10 cents per KWHr charging at home; get about 4 miles/KWHr. Gas at around $3.50/gallon; Mazda CX5 gets 22mpg in town, around 30 HWy. So 2.5 cents/mile around town in the Tesla versus 16 cents in the Mazda, or 12 cents on the highway. Does seem to be cheaper for the Tesla by a large factor. Some of that savings would be eroded if I Supercharged at the higher price of around 35 cents per KWHr, but in the 6 months I have owned the Tesla, I never have.
My taxi driver drives his 10 years old Tesla. It has 750 000 km on the clock. Looks old, but still solid as a rock. Nothing squeaks.
True, he is on his 3rd battery pack, but even with this it's twice as cost effective as driving Mercedes E 220D (which makes like 70% of all taxis in Austria).
Electricity price in Brisbane starting from July is 34cents/kw. And the initial cost diff between a EV and a ICE vehicle is insane.
I just took delivery of a brand new 2023 Prado Kakadu in Perth & and couldn't be happier. I am also feeling very relieved as I traded in my Tesla Model Y Rwd for $58,500 3 months ago just b4 the new prices dropped $9,500. Was surprised the Toyota dealership offered me that much & after a year of EV ownership the shine really wore off partly due to my new employer not offering novated leasing & every time you try to use a public charger they either don't work or are being used. Then there's the idiotic sunroof that cooks you in summer even with an aftermarket sunshade, the horrendous windscreen wipers, suspension, door locks & handles just to name a few.
Yep, the door handles are stupid, the windscreen wipers were terrible ( now really good) and the sunroof without a tint or good sunshade will cook you ( if you don't use the auto cabin temp control)
AND it's still the best car I've ever owned!!! including many Toyotas
Model Y to Prado, clearly the choice of EV at the time wasn't about making a contribution to the quality of air we breath.
The depreciation alone is eye watering. If you can't pay for everything pre-tax then the shine wears off real fast.
@TMY_GUY
I have 3 M3s 1 bought new, 2 second hand. Between the 3, I'm saving about $20K a year in fuel alone! The 2 second hand ones were already depreiated @ ~$40k each (1 LR, 1 Rwd) when I bought them.
I suspect that people will start to appreciate that the batteries aren't gunna fail at 100K Km and how really good these cars are very shortly and will start to retain value better.
@bandicoot2016 you mustn't have owned very many cars honestly. One day you will leave the cult & be enlightened trust me.
Try this in California. This is where most Tesla vehicles roam about. Here it cost a whopping 50 cents/KWh. Fast charge? Some charge you up to 75 cents/KWh. Talking about saving. If you're in an accident and you need replacement parts, it'll cost you a pretty penny. Not to mention the amount of time your car is out of service before it can gets fixed. Need new tires? It cost a whopping $450 per tire. The entire set of 4 tires would cost you 2K. And yes, you're gonna need more tires for an EV compared to an ICE car. Want me to go on for more?
Agreed with everything except the part about off peak low cost or free EV electricity plans. If you don't have Solar or a house battery, they get you on higher peak rates when you use electricity for your other appliances.
Our RV plan (Ovo) only requires you to have an EV. There are others out there that do the same with no need for solar or batteries.
That's great. I need to do more research.@@chrisvanderstock
You don't need Solar or Batteries. Just need to own the actual EV. Check out Ovo and AGL's EV plans.
i dont have solar or batteries at home but at 28 cents a kilowatt anytime its still a lot cheaper than the public chargers
Mercedez Benz ad right in the middle of this video.
LOL!
There are always 2 sides to a story, right! Good work Chris.
I charge my BYD EV at home here in Perth for 7c/KWh between 9am and 3pm...I have no regrets moving to EV
Chis great report. But you could add maintenance cost. Take it out to 200,000 km. 15 - 20 oil changes, 2 mufflers, 2 brake jobs and 300 hours in a garage.
Bingo! I met a bloke in the US who owned his model 3 for five years, and does 15k miles pa. Only expense was tyres, 2 sets, an ac cabin filter and wiper blades. Sure beats bending over at the “Stealership” twice a year.
@@Cant_prove_god Let's add the value after 200,000 km of an RAV4 and the Model Y. I'd suggest, $7,500 for the RAV4 and closer to $20,000 for the Y.
Chris. Good video about running costs, I'm sold, thanks. Perhaps you could revisit this production and look at overall costs over a 50000km life? Initial purchase and depreciation are surely part of the picture. Perhaps MG vs Corolla? Cheers
Great suggestion! Will do.
Chris, thank you, thank you, thank you. You are a champion!!!! Who are these clowns who think that ICE cars are cheaper to run than EVs. Extraordinary dishonesty on their part. My story is that I drove for 19 years a wonderful car, a Ford Falcon XR6 Turbo, that I souped up and made it a 300kw and 500nm, redid the suspension with German shock absorbers, etc, to make it a monster, and it was and I had a lot of fun driving it all over our country. However recently it was costing at least $130 to fill, which I did every two weeks. Recently I bought a Tesla Model 3 Performance, which is much faster (377kw, 660nm) and handles better and has AWD that I charge at a Tesla destination charger near my office (I live in an apartment with no scope for home charging). I get charged 35 cents a kw and typically it costs me $10 per week. So the comparison is $65 per week for the Falcon or $10 per week for the Tesla. It is a no brainer which is the better. Anton
Great video. I'm driving a Toyota small car and typically spend $50 every fortnight on fuel. So, looking about $1200 per year. I'm waiting for EV prices to come down further, I know they have dropped in price a lot recently. Model Y is my dream car, Model 2 or BYD Seagull would be more cost effective, can't the last two yet.
If you want to save money, keep driving it, it will last another 10 years or more..
Which electricity provider do you use to get 8 cent per kilowatt hour?
It'll be Ovo, I'd say.
well done debunking his video. I was waiting for your video to explain everything that car expert did wrong. Well done on your research research and thank you for serving the EV community.
Car Expert doing a community service really - keeping mouth breathers and other undiscerning types out of EVs and PHEVs.
Car Expert have been singing the praises of the Hyundai IONIQ 5 N with a series of highly entertaining drag racing videos of late. that BMW ICE/EV experiment was a year ago? Most people had forgotten about that, now Chris has resurrected it! LOL
Great vid. Could you possibly do a video comparison of similar class ev vs ice and also incorporate tyres, insurance, services and ‘fuel’ please?