nickfank
Silver Member
- Joined
- Nov 12, 2014
- Messages
- 137
- Location
- Ohio
- Tractor
- 1957 Ford Powermaster 861, NH TC30, Kawasaki Mule, Derby ZTR
Let's do the math...If an EV has a real world life expectancy of under 10 years, is that acceptable? If I bought a car and in less than 10 years, I needed to pay $26k for a new battery, I'm honestly not sure what I would do.
The cost to fuel an ICE car is about 15 cents per mile. The cost to fuel an EV is about 4 cents.
In ten years, most folks put 200,000 miles on a car, so $30,000 in fuel for the ICE, and $8,000 for the EV. That's $22,000 savings in fuel.
Now add in the maintenance costs for an ICE car... Oil, oil filters, air filters, spark plugs & wires, periodic tune-ups, transmission maintenance, brakes... If you pay about $400/year for parts & labor on those maintenance tasks, over 10 years, you've saved $4,000 more, for a total of $26,000, so it comes out even.
$26K sounds like a pile of money, but since you buy your fuel $60 at a time, that seems small until you add up 10 years worth of those fill-ups plus maintenance.
(BTW, before somebody calls me out on the brake maintenance... My EV is on the original factory pads at just over 50,000 miles, and they've still got 3/8" left on them. I *might* have to replace them at 150,000 miles.)