Not seeing EV savings

Paying peak pricing for electricity is not a good choice. Check with your provider.

$0.44 per kWh is peak for my service. $0.13 for non-peak. $0.077 for overnight discount.

 

Are the public chargers cheaper? For me, they aren't, but I'm only paying about $.11/kWh here in Florida.

For me, the public chargers are a rip-off.

 

After taxes, delivery charges & so forth you figure the following per unit cost;

https://electricityrates.com/massachusetts/#:~:text=Average%20Massachusetts%20Electricity%20Costs%20Massachusetts%20has%20the%205th,state%20is%20lower%2C%20averaging%20602%20kWh%20per%20month.

Could be worse. You could be in Hawaii or California

 

i have been driving electric in ma for ten years. it has almost always been much more expensive than gasoline.
who sold you the bill of goods 'electric is cheaper'?

it's all about local prices. same with carbon, depends how your electrons are generated.

the one positive of high electric rates is solar payback. worth looking into.

i hope you didn't buy a prius to save money

 

I am a Penny pincher so this might not apply to most of you. When we bought our PHEV we did exhaustive research on Return On Investment for this purchase before buying one. Electric rates, gas rates, tax incentives, maintenance cost, installing and buying a level 2 charging station were all factors we included in our calculations before buying a PHEV.

Here is an example of a Calculator available for some of this information, there are better ones
Alternative Fuels Data Center: Vehicle Cost Calculator (energy.gov).

As some have mentioned having an electric vehicle in some areas of our country is a considerable cost up and more a political, transportation preference or environmental statement rather than an economic decision.

 

If you are really paying $0.42/kWh, then you are correct that you are not saving by driving a PP on EV mode. You should have done your math before buying the PP. But, chances are, your electricity cost is slightly lower than what you calculated. Your monthly usage of 48kWh is extremely small. If you are being charged for a basic connection fee type fixed fee per month, then chances are your /kWH is proportionally higher due to your low usage.

Say, if your fixed fee is $10/mo no matter how much you use the electricity. Then out of $20.20 monthly bill, you are paying almost 50% for the fixed fee. If your usage is like an average house ~583kWh, then $10 fixed fee will be a very small proportion of your total electric bill.

Also, note that the PP actually uses only 6.1-6.8kWh of electricity from the wall for a full charge. Combine that with the actual EV range of PP which can be as long as 35 miles (not 25 miles), now you can get a bit better EV cost. With 6.5kWh full charge and 35 miles EV range, you are getting $2.75 for 35miles on EV which is about equivalent to 60 mpg on $4.71/gal gas. It still costs more to drive an EV than HV, but not so bad. For the last 5 years, I was driving my PP knowing EV cost more than HV because the gas price was super cheap compared to our high electricity rate. For the first time, the gas price got high enough that EV is cheaper for me now. I am happy now whenever I can drive on EV mode that not only that I am not producing CO2 as I drive but also saving as I drive.

 

You need to check your math. Are you paying a separate electricity bill for an independent panel for your car only? Why are you laying the entire cost of base fees on the car's operating cost? Your home doesn't use electricity? I believe your state gives you a break on electricity; if you register you car with your utility company. You also didn't mention how may miles a kilowatt hour your currently consuming. A key measure to determine which is more efficient - gas vs electricity.

My conservative calculations, for my driving style/commute is $0.31/KWh for breakeven @ $4/gal of gas. Of course I slanted all calculations in my favor, as a margin of safety. Real world numbers are probably closer to $0.35/KWh. My last fill-up was $5.19/gal - so I'm gonna have to rerun my numbers; but I'm guessing it's going to be close to $0.40/Kwh.

 

no breaks in ma unfortunately. no interest in promoting ev's from anyone

 

the way to calculate your electron costs is to divide the total bill by total kwh's used.

we're around 24 cents, it fluctuates monthly

 

I'm also in Massachusetts. Our town has a consumer-owned electric company (North Attleboro), looks like our current rate is 0.14618 / kWH including all fees. That'd be $1.28 for a full tank, and I get ~30 miles on that, which is just about the distance to work. Assuming 50mpg on hybrid, the cost of gas at $4/gallon would be $2.40 for the same one-way trip. I believe my break-even is around $2.15 per gallon at the pump.

However, our Chargepoints at work are set to 25 cents per hour, so I'm spending about 50 cents there and an additional $1.28 at home for a total commuting cost of $1.78 for 60 miles. At $4 per gallon and 50mpg it'd be $4.80 for the round trip on gas versus $1.78 all EV, and now the break-even is $1.48.

We are fortunate to have a really low price for electricity in our town. In January we received a free month of service because the costs had dropped slightly over the previous 12 months and we were given a credit. It make an obviously huge difference in the math if the fuel is cheap.

 

Didn't you guys vote blue? Someone must have dropped the ball

.

 

Sorry to hear that. I would've thought liberal MA would support the shift to EV.

 

it's very strange here. most of the liberality is aimed socially, whereas, my brother in florida gets cheap electricity and more solar and ev incentives

 

I agree. That's a fair way to assess the cost of electricity month to month. But as I pointed out in my previous comment, OP uses an extremely small amount of total monthly electricity. We use 48kWh in a single day sometimes. If his bill has a fixed fee, then the proportion of the fixed fee /kWh is very high. So, for his case, it may be better to calculate (monthly electric bill with the charge) - (monthly electric bill without the charge). That will give him an actual INCREASE in the electric bill that was spent on charging his PP.