We moved to EV for a variety of reasons, but we needed to change. While have a relatively low income, our outgoings are also pretty low.
I reckon it's costing us around an extra £100 or so a month compared to not going electric. That's a cost we can handle, and I want to contribute to the momentum towards electric. It's not just about discernable benefit to me, but I fully appreciate for many it's not yet affordable.
My rough calculations for this figure are:
- We are paying £240/month (including a service package)
- We'd otherwise have paid for a decent used petrol vehicle probably around £100/month
- Fuel savings are £40-£50/month (and going up all the time!).
We will need to either trade-in, give it back, or pay off quite a big sum in 4 years time. My expectation is that costs will have come down and we'll transfer the funding agreement on to a lower cost, higher spec EV at that point. But that's a bit of a risk.
On the other hand, there may be further savings long term once we can charge at low cost times during the night and/or once we have solar panels with a trickle charge system and also a lot of evidence that maintainence costs for EV will be significantly lower over a vehicle lifetime. And of course if the cost of fuel continues to rise...
My view is that EV is not yet a choice for everyone, but probably makes sense for more people than are currently thinking about it. They are lovely to drive too.
The people I'd like to see go Electric first are the many local (to me) families that are driving around in new/nearly new Chelsea tractors. I'm thinking they can probably afford it.
I think we agree.
We currently don't need to change. When we bought this car six years ago (or whenever it was), I don't think we even considered an EV. When we next come to change - in say 3-4 years time, we almost certainly won't consider a conventionally-fuelled car.