Friday, June 10, 2022

Costs of running an EV in the UK

 From a Twitter thread by Katy Duke

Fuel costs of running an ICE v BEV updated yesterday. There are 3 BEV consumptions + av. cost pa. Have been on night tarrif from @OctopusEnergy for just a week! ICE costs 21.98p per miles, BEV is 1.79p per mile on night charge.


This is the lowest priced dealer EV locally https://drive-green.co.uk/used_evs/2011-peugeot-ion-km11umc/… £5895. HP £6685 = £127 pm + £590 deposit = £1525 pa

2011 Peugeot iOn EV

Replies to her tweet pointed out that some shopping centres and supermarkets offered free charging, so the public charge costs could be lower. Note also, that maintenance costs for EVs are lower than for ICEVs, because they have ten times fewer moving parts.  In Australia, electricity is also cheap at mid-day as well as late at night, because we have more solar than the UK, which relies much more on wind.  Obviously, that means that when demand is low, late at night, but supply continues, because the wind blows at night, the wholesale price of electricity plunges.   A good time to charge your car and heat your house

And if you have your own solar panels, you can charge your car, effectively for whatever your feed-in tariff is (in Oz, feed-in tariffs are low)  Also, how good it is to be able to buy a second-hand EV, thanks to early subsidies which increased sales years ago.  Australia has hardly any second-hand EVs, so cheap up-front entry to the EV world isn't possible here.  For that, blame the right-wing LNP government, recently, thank goodness, comprehensively voted out of office.

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