shk292:
Fair points, but even if you remove all RUC and electricity costs, you're $4k per year worse off with the EV
I came to this conclusion a year or two ago when weighing up whether to get an EV. Even doing 20Mm per year, which I did before WFH became the norm, I just couldn't make the figures stack up. I think EVs are cool technology and I'll probably buy one within 2-3 years, but you really have to want to spend a significant chuck of cash on tackling climate change to make buying one sensible.
I think it depends a bit on your situation. You could probably make the numbers stack up if you have an absolute best case scenario, i.e.
- You only travel short distances - this would enable you to purchase one of the cheaper models such as the MG ZS.
- You have access to very cheap capital - i.e. a low mortgage rate fixed for several years.
- You can charge at home most of the time.
Unfortunately none of the above applies to me so it will be another five to ten years before I can make it viable.