Electric cars - how much money do you really save …
Posted by: Vanessa 32284508
1st Oct 2024 06:47pm
Are electric cars worth it ? Needing a 10 grand new battery after 10 years sort of outways the savings from not buying fuel.
Also without solar panels electricity bills would be huge
What are everyone’s thoughts on this ?
Also without solar panels electricity bills would be huge
What are everyone’s thoughts on this ?
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Comments 73
old boy
Total waste of money
no name
My research locally made it apparent most charger stations are run on fossil fuel. Maintain and keep your older car until there is proper provision for charging, eg solar, wind, nuclear.
John3259
Of course burning fossil fuels produce no toxins of any description. Bollocks.
The world we city dwellers live in is one noxious cocktail of all the nasties of the modern era and perhaps it is time we stopped deluding ourselves and realized that the world we live in is slowly poisoning us with the fumes of the fossil fuel industry.
O
echo 01
The fossil fuels burned tomat o an electric car are enormous so we atgooling ourselves if we think they will save the planet.
davewave21
There is no"fossil fuel" crisis. It is all lies to send prices up and pretend that we are running out. Electric cars are timebombs that can easily ignite and are extremely difficult to extinguish. Many high rise buildings with underground car parks are now banning ev`s and recharging stations due to the extreme fire risk. There is no "Climate crisis".Much of the "extreme weather " has been caused by geo-engineering,ie chem trails,weather manipulation .Like the Covid plandemic,it is again a big con to fleece wealth from low and medium class people to launder back to the extremely wealthy.Did you know that oil is the second most renewable item on th eplanet after water? The corrupt cabal go to extreme lengths to hoodwink everyone and brainwash them into believing their lies to suit their agenda.It was just last week the people in Canberra were advised to conserve power because they are 100% renewable power there and they faced blackouts due to running out with high power demand because of a few hot days. I believe these people who believe "Blackout Bozo Bowen" are incredibly niave`. What about government control? When the next plandemic happens ,if someone disagrees with the tyrannical government can the electric vehicle be "switched off" via satellite?
gator
You need serious help my friend !
dollymay
I think there dangerous. If you have an accident. They catch on fire and blow up
BenC
My ex-colleague lives in an apartment that comes with a car garage. The strata pays for the power point usage inside the garage. So every night he charges the car overnight for free!
Elii
Won't buy electric cars yet.. too expensive
capfantastic
If I had a spare 100k I would probably take the plunge. I would have to buy a new solar system, as my inverters are stuffed and they reckon it’s better to put a whole new panel array in than try to hook a new inverter up to the old panels. So all that material goes into landfill. Then I would get battery storage, but I would get the top of the range because I don’t want them to catch fire and destroy my house. Then I would buy the EV and then I have to figure out how to use it. My daughter is autistic and wouldn’t understand why the car’s not moving! So I guess there wouldn’t be much change out of 100. Any ideas where I can get this level of cheese? Maybe I should ask Elon Musk if he’s got any spare change?
jjpvcp
10 years is a ridiculous underestimate of battery life. After 2 years our Nissan Leaf is costing under $2 per month on electricity, supported by our roof top solar. Much cheaper operating cost than the old ICE car that it replaced
Peter32263870
Think your assumptions might be wrong, the battery life will exceed 10years in many cases, and solar systems no longer provide good credits by selling back into the grid…so using our solar to charge is realising value that had diminished in the past few years. EV cars can also be a statement about not using fossil fuels so for us we think it makes sense.
Graham
What a load of misinformation. Why would you presume you need $10K worth of batteries after 10 years? That is totally not true. The batteries in Tesla for example are guaranteed for 800,000km. You don’t offer those odds if the batteries are going to fail after ten years.
Graham
What a load of misinformation. Why would you presume you need $10K worth of batteries after 10 years? That is totally not true. The batteries in Tesla for example are guaranteed for 800,000km. You don’t offer those odds if the batteries are going to fail after ten years.
Jezemeg8
I agree with havafati's comments on this. The cost of replacing a battery when and if it's needed is a LOT cheaper than the cost of refuelling a car on a daily or weekly basis, whether refuelling with petrol or diesel. I wish people would stop repeating lies and actually research EVs properly.
havafati
There a lot of ignorance around EVs.
The first being you do not have to change batteries every ten years. That’s just not true. I know of two Teslas PDs that are nearly at 500,000 kms and have only lost about 10% percent of their capacity after more than 10 years.
Secondly costs to run.
If electricity costs 8 cents per kWh, then charging a Tesla with a typical battery size of around 75kWh would cost approximately $6 to fully charge. That a lot cheaper than any petrol guzzler you have in the driveway.
The fact you can now buy an EV cheaper than a Toyota Yaris and it will be cheaper to run over it’s lifetime is a no brainer
For every negative comment I read I go and look up to see if what they are saying could be right. It never is. It’s always misinformation or just plain made up nonsense clouded by personal bias.
Kiwi47
Not for pensioners wouldn’t be any value
normarand
I think electric cars could be a worthwhile investment if you are only driving around locally, but if you do a lot of inter-city driving, I feel the infrastructure isn't there to recharge when you are on the road. I have a 2004 hybrid Honda Civic and it is brilliant. I've had to replace the battery once in that time and it cost around $2000. On long trips I stop for a coffee, fill up with fuel and I can be on my way in fifteen minutes. To charge an electric car would take much longer and add to the travel time. I feel hybrids are far more versatile than fully electric cars and they don't use as many of Earths' resources in their manufacture, so they are probably just as "green" in the long run. They don't increase insurance costs and don't run the risk of catching fire either. I know people who have solar panels on their houses can save a lot of money on electricity bills and can recharge a car for free, but I wonder how many have factored in the cost of renewing these panels down the track, because they won't last forever.
hispania
i had no idea how little I understood about this issue until I read the comments people had already made. i had decided I wanted an electric car fir environmental reasons but hadn’t thought about needing a new expensive battery after a relatively short time nir the cost of insurance.
Bigbear
Considering the almost non existent infrastructure to support EVs nationally, and the growing list of problems that have been associated with EVs, when exactly is it a 'good' time to buy an EV.
I know that EV Insurance premiums are around 20% higher than normal vehicles and home and contents insurance premiums may be affected if an EV is garaged in the premises..
Also using the battery as a stationary power source voids the Insurance policy.
I've heard that resale value on EV's is much lower than similarly priced new petrol vehicles and this is mainly due to the battery.
EV battery replacement is expensive and therefore second hand EV's are not as appealing as new since buyers have no true way to assess how much longer the EV battery will last.
Tyres on EV's don't last as long as they do on regular vehicles due to the added weight of the Li-ion battery.
EV's are around 10 to 15% heavier than regular vehicles and this can cause the tyres to wear out faster.
bearman
I am thinking of getting a hybrid so I can save on fuel as it charges while I drive it. I cannot see the value in owning a fully electric car due to having to replace the battery every 10 years and the resale on them is atrocious along with very hard to get decent insurance on them. Aso they can cause fires if the battery gets wet. Dont want to have to queue for recharging let alone if the charger is working or someone has cut off the connector for the copper inside
Natasa
The upfront cost is too expensive and the ongoing cost with the price of electricity is also too expensive. $10,000 for a new battery seems optimistic. I have a friend up for a new battery and the cheapest quote they received was $16,000 and it's some kind of dodgy after-market battery. It's also inconvenient having to wait for your car to charge if you're going on a road trip... that's if you can find somewhere to charge your car.
PGS
without solar panels electricity bills would be huge
considering the cost of getting them, is it really worth it? Panels also have a limited life.
I prefer my petrol car. At least the battery is only $200-300.
Captainc44
No, electric cars are a big con. They cost too much, massive depreciation, high insurance cost, impossible to repair. Resale value is nil - they are a throw away item. Cost of running is more than you think. High rate charging costs a bomb. My little diesel beats most electric cars for low running cost with no range anxiety - I get 1100Kms without any problems. Try and find a charger when you really need it.
emoxhair
I have just purchased an EV using a novated lease - for us, it was a no brainer. On an EV charging plan which only costs 8c/kw - infinitely cheaper than a petrol car. I'm sure people reacted this way when petrol cars first came out - EVs are the way forward.
Voxy Lady
I think they are a laugh! With electricity rising in cost, it's hard to imagine a family with minimum income affording the upkeep of something like this!
tanie
It doesn’t seem worthwhile. Also taking into account the time needed to recharge, it would feel inconvenient after the novelty wore off.
jjdrer
What is the difference in cost of the two styles of same brand & size of car. I'm sure it would be more than 10 grand. With Petrol or deisel motors batteries still need replacing at about the same length of time regardless of km. Normally car batteries are lifted out of a car to re-charge them.
jtmorri
I can't see any savings myself with purchasing an electric vehicle. The initial outlay in comparison to a petrol engine car is too big a difference. It isn't value for money. Electricity isn't cheap, so I totally agree with you that the charging of an electric vehicle at home without solar panels and a battery would not prove cost effective. I see no infrastructure for electric vehicles in my city. If I was buying a car tomorrow, I would still buy a petrol engine car even though I would like to be more environmentally friendly, however I am priced out of contributing. I really hope that green hydrogen or another environmentally friendly technology is found and developed for car engines which proves cheaper. So, I guess I will wait for electric vehicles to be superseded (much like the tape wars back in the day when VHS won over Betamax and the TV wars when LED won over Plasma).
My concern around the batteries isn't only the cost, but that there is no e-waste strategy for dealing with old electric car batteries. We seem to always be playing catch-up in Australia, whereby a new innovation is adopted with no plan for how to manage waste, pollutants etc. It ends up that things are stockpiled until a solution is found or shipped off to a poorer country and it made their problem.
havalaugh
I’m a pensioner and manage to keep my car with strict usage and a great mechanic that checks my car for west & tare and gives me notice to save my money.
macgyver7
I don't believe electric cars are worth it. They do not have the efficiency of fuel filled cars, especially on long distances. Furthermore, they will place too much of a strain on the electricity grid.
John3259
City commutes are where EVs shine. Ever thought about the air quality during morning and afternoon peak traffic? Some of the new apartment builds are including charge points. If you have a house and garage in the sticks then the addition of panels and battery also add to the benefits.
jjdrer
What about the cost of a wet cell battery used with solar panels. The cheapest I have seen is about $400.00 for cheap quality
Claurie
We have had our current car for 15 years and would be on our 2nd battery by now-quite an expense. Also I don’t believe they are suitable for a towing a van-so that counts us out. When we go anywhere we usually do 600-700 klm in a day, stopping to recharge would add hours to out trip- if we could find charging points at suitable intervals
clem_lun
A big no for electric cars in Australia because we are still reliant on fossil fuels. What's the point?
roy richard
better planning required
Ferg
I travel about 1000 km a week one day a week i travel up to 550 km and need a van so an ellectric one would be useless also on holdays we travel interstate 3 or more times also tow a caravan some times so an electric would not be functional with this as well. Saw a news flash today that a Tesla caught fire and the doors wouldn't open and 4 people lost their lives as the doors needed power to open. The fire destroyed the power to do this
Homestead1
I am not convinced on the benefits of an all electric vehicle for some people. I can see the benefit for people who only need the vehicle for regular shorter trips and can recharge say overnight at home although I am not aware of the electricity costs involved. We purchased a hybrid SUV which we feel is ideal for our requirements. It gets an average petrol consumption of approx 5.2 litres per one hundred kilometres. We like to take longer road trips and feel the hybrid is ideal for this. Do not have to lookout for charging stations and waste time both finding them and waiting for the car to be charged. It would also I think involve some anxiety wondering if you were going to run out of charge on the road. We need a lot more charging stations in more places for some people to consider an electric car.
samplekat
Bought my EV about 7 months ago. It is wonderful. Eight year warranty on batteries. Plug it in overnight or in the middle of the day to use most of the solar energy. It is just so cheap! Can easily do 575km on a full charge.
Jodilee
We have an EV and the main reason is to be part of the transition away from fossil fuels. Before evryone jumps on me to point out that charging it at home (cheap overnight) or at a station (cheap, about $25 to get it full enough) still uses electricity generated by fossil fuel burning, this is part of our transition - we are active in taking other steps to complete our transition and assist others. The battery in our EV will last as long as it lasts and all cars need work after ten years to remain energy efficient and roadworthy. Once our EV can no longer use its battery, we can have it adapted as a storage battery for our 12 solar panels (if we don't get a battery earlier), so the old EV battery can be reused and continue to have utility. At the moment, the barriers to the transition to renewable energy include the massive subsidies to fossil fuel produces that, in effect, keep our cost of fuel down (and yet it seems so expensive!); remove those barriers or apply them to renewables and this false economy of cheap fossil fuel energy disappears. We are ready, are you?
bearman
But this government is also subsidising the renewable industry and offering tax incentives to buy an electric car
khushi
What saving? There is no saving! Look at the statistics below:
1; Cost of a Tesla model Y =$60,000
2: Maximum Battery life = 15 years
Hence cost per year= $4,000
Every charge lasts for about 350 Km
Average cost of each fast recharge= $ 70-$85
So for general battery life of 600,000 Km the recharge cost at the present day prices will be equal to about 600,000/350X $80=$137,142!
So where is the saving?
musicmum
Not going to be able to afford to run an electric car never mind buying it and maintaining, it, there will be so many second hand ones available soon because the batteries are too expensive to replace. Also we were never ready with infrastructure. We need to fix the energy costs first. And if you think having an electric car is going to help carbon emissions rememeber China is responsible for one third of the worlds carbon emissions. Only thing I like about electric cars is the fact you don't have to breath toxic fumes from petrol/diesel. We also have an issue with rare minerals and the mining companies are loving the increase in mining needed, that's if we can even keep up.
intelligent
I would not venture to buy an Electriic Car even if I can afford it...it is still in it's i nfant stage and we can not exactly say how much good it does money-wise and with Climate Change , wait and see to be on th safe side.
wendel
All well and good until the batteries run out then you're in trouble, will cost an arm and a leg for a new one, so be careful when buying 2nd hand electric cars.
Glenn60
Bought my first EV this year and haven't looked back!
site77
In general, opinion about electric cars varies greatly depending on each person's priorities. For those looking to reduce environmental impact, switching to an EV makes a lot of sense, even considering the battery issue. For those who care more about long-term savings, the upfront cost and potential battery replacement can be a deterrent. The absence of solar panels is a legitimate concern, as the energy bill can go up, but still many people find that EVs are advantageous, especially when compared to the maintenance and fuel costs of a combustion car.
Emily3267
Unless batteries get cheaper, I don't think it's a good deal.
MariaG
I did my research and concluded that it was not worth while for us to go fully electric.
We decided to go hybrid.
The main reasoning for this decision was the cost of re-charge if you go on a long drive. Works out at around $40-$50 a charge. Also, unless you a fortunate enough to find a solar powered charging station, you are actually charging your electric car off the grid, hence negating the environmental saving to some degree, and, certainly the money side if you travel a fair bit. I don't think I need to worry about changing the battery over after 10 years because I probably will be in home care by then. All in one's personal situation really.
Our hybrid suits us quite well. We have a modest car (Toyota Yaris cross) that fits our mobility aids and is a wonder when it comes to fuel. Our last fuel fill totalled $43 that was 5 weeks after the previous fill.
I long for the announcement that there are cars out there with full solar capability, or hydrogen powered at a reasonable price. I probably will have dropped off the perch before that happens.
As far as solar panels and battery go, best decision we ever made. Our last 3 quarterly bills were ZERO, and the one before that was around $130. We have never been high energy users, mainly because we watch how we use our power. Solar is getting more affordable every year. We did shop around and got good deals, also, received a 2nd Gov subsidy when we added the battery. Do the research.
KennethS
Government Subsidy say it all.
If it was an economically viable proposition there would be no need for subsidies.
Remember there is no such thing as a free meal in this world - somebody pays, and in the case of Government Subsidies, all taxpayers pay, and if the expenditure by the Government is financed by Public Debt, our Children and Grandchildren could be paying for today's debt.
Burnt Out Digger
I thik taht they are a good idea, and will reduce the effects of global warming
opunake
ab says that people are buying ev's to save the planet, how can ab reconcile that with the fact that ev sales dropped substantially when New Zealand bought in road user charges for ev's.
ab
The underlying premise of your question is that people are buying electric cars to save money on the ever-rising cost of fuel. But I don’t think they are, they’re buying electric cars to save the planet. So, from that perspective, if the electric cars will save the planet, then they are worth it.
I am one or two years away from buying my next car (which will be electric), I plan, whenever possible, to charge the car at home using the energy from my solar panels.
I have spoken with Uber drivers that use EVs and they are really pleased with their fuel savings, so go figure.
If you're not ready to make the shift to an EV or can't because it's simply not practical for you, then maybe a hybrid engine is the way to go. I do have quite a few friends who drive cars with hybrid engines and they anecdotally report seeing some great fuel cost savings.
jamiesults
....Plug-in Hybrid (PHEV) are definitely worth of consideration for those not wanting to go full on into a Battery Electric (BEV). I decided on the PHEV myself as it allows the flexibility of having a battery that can cover a significant distance (for some it covers the running to the shops or even the commute to and from a workplace), and at the same time an engine and fuel tank that takes over the duties when doing a highway run. This is the reason why I went down the road that I did - and to not be lined up at a public charging waiting around when doing a highway run in my case is enough reason in itself.
Chrle
While electric cars are good for the environment, they are expensive to purchase. Also the cost of replacing the battery after 5-10 years is also expensive. Unless the cost of batteries come down there will be a lot of electric cars dumped at the side of the road as no one will want a second hand ev.
opunake
Also when the government does the right thing and bring in road tax to make it fair on drivers off petrol driven cars, instead of us subsidising the ev drivers.It will be more expensive to run a ev
bydesign
I appreciate there’s a cost, but why don’t all petrol stations invest in installing charging stations?
KennethS
Precisely on electricity from the grid. accept that politicians lie, Bowen is expert at it.
Renewable energy may be cheap, sun and wind, but the supporting infrastructure is eye watering expensive.
If you want a long term viable base load system, then sorry, Nuclear Generated power is the way to go, yes it is capital intensive, but cheaper than wind and Solar, let alone pumped Hydro, when ALL the costs are factored in.
22 advanced Countries use Nuclear Generated electricity, 70% of France's electricity is nuclear generated, how come these major economies have got it all wrong and only Australia has got it right, by shunning Nuclear. If one accepts Bowen's arguments 22 major economies are run by people who are economically illiterate; or is Bowen the one who has got it wrong?
jamiesults
.... in reply to 'why don't all petrol stations invest in installing charging stations', the answer to this is the simple fact that from what I can see, the majority or cars, trucks and buses on the roads are still powered by either petrol or diesel. Not many buses at all are actualy battery powered. Not all petrol stations have the space to install a high number of EV chargers to begin with - and then there's the question if when these chargers are installed, is the power being drawn from the grid? (at night it definitely would be). The question also remains about sourcing power from solar panels and a battery for such EV chargers during daylight hours - but question is still a case of how many panels and how big of a battery is going to be able to handle the number of EVs charging at the same place at the same time? If the sun isn't shining, the solar is not producing a charge which therefore puts more pressure on our existing power grid just to keep a particular location powered and EVs charging. That's just my thought about it...
bydesign
I love the idea of a more sustainable future and try to do as much as I can in my family’s day-to-day to live consciously, but the compromise for an electric car just isnt realistic for us atm. Living Inner Sydney in a unit with no solar panels, nor access to power in the garage, I’m yet to believe the validity of savings, or reliability when it comes to owning an EV. Public charging stations are obviously becoming more prolific, but not enough to be relied upon. I wish circumstances were different and expect the time will come, it’s just not for us as a ‘now’.
jjdrer
Wet cell batteries are very expensive. Depending on the type and quality you buy some are over $600.00 ---some a lot more than that. The cheapest small one I have seen on a special promotion was $399.00. Some cars have "banks" of them - not one. There is a limit how far you can travel before you have to re-charge your batteries.
In fairly isolated areas you travel for a few hours to get to the next town where there should be charging facilities. Until those batteries are proved to be safe - not catch fire and explode - I will not consider buying an electric car or e-bike at all.
Radda
I like the luxury of convenience and hassle free experience when it comes to my car, put the petrol in, know exactly how much it will last me for, no need to recharge it every second night in a fear that I will be stuck in the middle of nowhere one day. The only advantage the electric car has is keeping the environment cleaner, which is not bad in the long run.
NigeyBaby
The only people I know who thought they needed a new battery was a Nissan Leaf owner. They traded it in on a better EV. Someone else got it cheap, and they just drive shorter distances.
If a battery pack really totally dies, you take the car to a wrecker, or get a replacement battery from a wrecker. Just the same as if your petrol engine totally dies?
cjc1959au
When an electric car can do about 700 kilometres on a charge, and cost me no more than an ICE version, it might be time to consider one.
cjc1959au
The extra cost of an equivalent electric car pays for an awful lot of fuel, either diesel or petrol.
Also, in a country the size of Australia, unless you never leave the city, a hybrid is a much better idea.
Snake
I always thought it was a bit of a scam with the expense of a battery which had to be replaced and then having to charge it, sometimes with some difficulty. These setbacks were never included in the comparison with running petrol driven cars... At least not accurately.
CP
allycat
Electric cars are not real worth the money as you do not have a spare trye for them in boot and charging you can not plug them straight in with out a extra to use as for solar farms they take awsy good farming area would be better to go roofs or shopping centers covers
jamiesults
.....that's something I didn't mention from my comment on 30th October - the fact that a lot of these cars be it full Battery Electric (BEV) and Plug-in Hybrid (PHEV) do NOT come with any spare tyre as standard equipment and have to instead rely on a poxy tyre repair kit! Unfortunately, as the owner of a Mitsubishi Outlander PHEV, this car onlt came with the kit. I instead sourced myself a space saver spare tyre from a non-hybrid Outlander - even though there's no dedicated space to store it. Why? Because it's not my idea of a good time trying to use the tyre repair kit on the side of the road in the pouring rain! At the same time, no two punctures are created equal and not all can be rectified using the kit. I'd rather jack the car up and put a spare wheel on instead - it'll be a lot easier and you'll thank yourself and the local tyre repair workshop will as well since it'll be easier for them to repair instead of having that messy sticky stuff ruining the tyre once and for all...
baccus
Electric cars certainly come with upfront costs, especially around battery replacement, yet they often offer significant long-term savings on fuel and maintenance. Paired with solar panels, they become an even more sustainable choice, making them increasingly worthwhile as technology and infrastructure continue to improve.
M Bro
Considering that there is anything from a $10,000 plus difference between petrol and electric, that is a lot of fuel to save over 10 years.
NigeyBaby
MG4 was $30,990 drive away. Suzuki Swift $24,990 drive away.
$6000 fuel is still a lot, but they are getting closer?
jamiesults
I personally think that for a country such as Australia, Plug-in Hybrid EV (PHEV) are more suited. Why? Our charging infrastructure just doesn't compare to other parts of the world and with a PHEV, you've got the best of both worlds - so for around town, you can do this solely on battery power alone while for highway running, you've got the engine and fuel tank ready to go. If the day ever comes that a new battery is required for a PHEV, the battery would be smaller than a full Battery Electric Vehicle (BEV) which (hopefully) should keep that cost lower. As an owner of a PHEV in a house with solar panels and a home battery, this proves very useful to me on sunny days where I have the car battery charged prior to sending any excess power back to the grid. In mu case, it also helps that I am able to start work in the afternoon/evening as well which gives me that time at home to charge the car on sunny days. If it's overcast and in my case cannot charge the car, there's still the fuel in the tank and the engine that can be used to get around (and with some PHEV models, allows the engine to act as a generator to also charge up the battery)! Yes, I agree that without solar panels, electricity bills could be high depending on the energy provider. Due to the setup I have here, I haven't paid an electricity bill in over 2 years! Saying that, this is not possible for those in apartment style living where such cars such as BEV or PHEV are parked on the street - which therefore means electric cars are not for everybody, especially with some being very expensive to begin with...
chickenman
electric cars may be the answer for large cities , especially inner city, but the technology is not yet advanced enough to force a transition. also, if all power is to be generated by solar and wind, the space needed for panels and batteries will cover areas now used for vehicles. unless you live in a city centre.