Talks about Canada but this is very southern Ontario centric. Also does not account for the cost of the battery in the car which loses capacity with every charge and current experience from my reading depending on use it is pretty much done in 10 years or less my gas tank holds the same energy at every fill up. Now I am in general a fan of going electric as much as practical but I am not blind to the fact that the savings are going to be nowhere near what these types of stories push. Again from reading about people’s lived experiences heat pumps have a shorter life than a furnace with a way higher replacement cost which will not be subsidised. Power rates vary greatly across the country and they barely even touch on that.
It would be nice to see at least some of the data and thier assumptions for thier assertions.
CaptainPeppa on
Got curious and tried the mycleanbill
Would cost me $76 per month to go full electric. I did not expect it to say that. Guess the numbers are impartial at least.
Somehow two electric SUVs cost $409 per month and two gas SUVs cost $427. The electric version of my SUV is like 40% more expensive so not sure how that one works.
ywgflyer on
On paper, this appears to make sense — however, my vehicle is only a few years old and is paid off. Getting into a $700 per month vehicle loan to save $500 a month in operating costs just doesn’t square up, and it’ll be many years until my car craps out if I maintain it properly.
I’m likely going to buy electric for my *next* vehicle, but I don’t anticipate having to do that for at least another 6-8 years minimum — and I suspect that by that time, there will be enough EVs on the road that the government will no longer be able to ignore the shortfall in the amount of fuel taxes being paid, thus will likely have to levy very high registration fees to make up for it, so the monthly/annual savings on gas and maintenance will partially be eaten by having to make up that tax bill. The money has to come from somewhere.
In short, it’s not as simple as “you save all this money not paying for gas”, there is give and take on both sides.
CzechUsOut on
>A family with two cars, living in a detached house in Toronto, for example, would spend nearly $2,000 a month in energy bills, gasoline and car/furnace payments. That same family would spend just over $1,400 a month if they switched to electric alternatives, the report found.
Of course when you assume everyone is making car and furnace payments the math works out. My shit is paid off also who’s out there financing a furnace? Never heard of financing a furnace before.
WearWrong1569 on
Does this factor in the installation of a charger for the home? Not sure how EV’s normally charge, but I would imagine a standard 110V extension cord is going to charge one car very slowly. How much to upgrade the electrical service for a home to rapid charge one or two vehicles?
duck1014 on
Lol. Not me 😛.
I work at home. Less than 1 tank of gas a month…so it could save me $40.00 a month.
No chance I’m gonna change anytime soon.
EconomistOpposite908 on
Me personally, I’m not buying into it. My paid off little Nissan Kicks is pulling 5.5 L/100km so I am not seeing the savings to go electric even before swapping out my completely filled electrical [panel to install a charger.
7 Comments
Talks about Canada but this is very southern Ontario centric. Also does not account for the cost of the battery in the car which loses capacity with every charge and current experience from my reading depending on use it is pretty much done in 10 years or less my gas tank holds the same energy at every fill up. Now I am in general a fan of going electric as much as practical but I am not blind to the fact that the savings are going to be nowhere near what these types of stories push. Again from reading about people’s lived experiences heat pumps have a shorter life than a furnace with a way higher replacement cost which will not be subsidised. Power rates vary greatly across the country and they barely even touch on that.
It would be nice to see at least some of the data and thier assumptions for thier assertions.
Got curious and tried the mycleanbill
Would cost me $76 per month to go full electric. I did not expect it to say that. Guess the numbers are impartial at least.
Somehow two electric SUVs cost $409 per month and two gas SUVs cost $427. The electric version of my SUV is like 40% more expensive so not sure how that one works.
On paper, this appears to make sense — however, my vehicle is only a few years old and is paid off. Getting into a $700 per month vehicle loan to save $500 a month in operating costs just doesn’t square up, and it’ll be many years until my car craps out if I maintain it properly.
I’m likely going to buy electric for my *next* vehicle, but I don’t anticipate having to do that for at least another 6-8 years minimum — and I suspect that by that time, there will be enough EVs on the road that the government will no longer be able to ignore the shortfall in the amount of fuel taxes being paid, thus will likely have to levy very high registration fees to make up for it, so the monthly/annual savings on gas and maintenance will partially be eaten by having to make up that tax bill. The money has to come from somewhere.
In short, it’s not as simple as “you save all this money not paying for gas”, there is give and take on both sides.
>A family with two cars, living in a detached house in Toronto, for example, would spend nearly $2,000 a month in energy bills, gasoline and car/furnace payments. That same family would spend just over $1,400 a month if they switched to electric alternatives, the report found.
Of course when you assume everyone is making car and furnace payments the math works out. My shit is paid off also who’s out there financing a furnace? Never heard of financing a furnace before.
Does this factor in the installation of a charger for the home? Not sure how EV’s normally charge, but I would imagine a standard 110V extension cord is going to charge one car very slowly. How much to upgrade the electrical service for a home to rapid charge one or two vehicles?
Lol. Not me 😛.
I work at home. Less than 1 tank of gas a month…so it could save me $40.00 a month.
No chance I’m gonna change anytime soon.
Me personally, I’m not buying into it. My paid off little Nissan Kicks is pulling 5.5 L/100km so I am not seeing the savings to go electric even before swapping out my completely filled electrical [panel to install a charger.