1000mi & 1000kWh for £100

[Tiamat21]

For the past two months (November and October) my leccy with Octopus has been ~£100.

Both those months I’ve travelled about 1000 miles each month and the kWh used has been around 1000.

It’s bonkers how cheap it is to run an ev even during the colder months.

 

[Tiamat21]

When are you going fully electric?

We're moving toward an electric car market. Overall, the number of electric vehicles on UK roads is still a tiny proportion of the total number of registered cars. Out of 26 million cars, around 37,500 are EV. So still a way to go.

forums.overclockers.co.uk

Cheers will bookmark it.

 

[Tiamat21]

How much did the EV cost to buy, and how much would those 1000 miles be at a public charger, both financially and in loss of time?

Don’t charge at a public charger, just like I don’t live in the middle of nowhere and have to drive 10 miles to the nearest pump. Both these examples exist but are irrelevant to this situation.

You can have a Nissan leaf for under £4k if you don’t need the range and there’s a lot of 250 miles range Teslas for sub £15k.

Point is if you have a drive the money saved on running costs (not just the car) is becoming harder to ignore.

For reference everyone else is paying over double for their home electricity.

 

[Tiamat21]

Well there you go. I can't charge at home, and have a petrol station 200 metres away, looks like I'll be sticking with my sub £15k 400 mile range 2 seater then.
Shame.

That is a shame.

I’d be on to my councillor/MP asking about cable gutters if you’re remotely close to your car.

I know if I could save £1200 a year on running costs alone (average year mileage of 8000) and maybe an additional £400 from a better tariff I’d be making my voice heard.

 

[Tiamat21]

Oh this is gonna be such a fun thread.

I mean I posted on another online space and got responses like “woah” or “that’s insane” so maybe the “fun” isn’t here. Kinda hard to stay positive with comments like “k” or immediate anti ev tropes.

Genuinely surprised how much the Daily Mail slant has taken hold.

 

[Tiamat21]

If only there was a thread for this.

I see you didn’t say the same thing about the recent BMW M3 thread.

Wonder why you singled this one out…

 

[Tiamat21]

Lower quality.

Sure.

 

[Tiamat21]

Seems like a complete faff to save such an amount. I suppose I could spend hours of my life doing it but it seems like an awful lot of work to save basically what is a weekend away in cash.
Glad it's works for you though.
I don't mind more EV threads, but the main one might be more of a 'safe space' with a lot more electric enthusiasts.

If £1200 - £1600 is a cool weekend away for you then monthly running cost is probably a minor afterthought for you

 

[Tiamat21]

Dunno where else you're posting but (and please don't take this this wrong way!) your post here is about 3-4 years too late. You also missed the massive thread on page 1 with literally dozens of people chatting about EVs.

Make no mistake, we're all rather well aware of the benefits of EVs but the whole "I'd be contacting the council to get a charger installed" argument has been done to death so many times here that even the most die-hard fans have realised that they're not bringing anything new to the table

Maybe I am late, but last year I had a leaf and even then it wasn’t this good. I was using 750kWh in October and December and the price was £170.
I wasn’t on an intelligent tariff so it could be that or it could be the disparity is bigger now. The council thing is rather new too I’m sure it was only in the last 12 months more councils were looking at cable gutters.

How are you getting electricity at 10p/kWh?

Octopus intelligent go tariff. When your cars charging your whole usage is on 6.7p/kWh.

I bought a GR86 in 2023. I test drove an MG4 Trophy Xpower at the same time. Both were the same price. 18 months later one is still worth 28-29k whereas the other is worth 23-24k. In that time I have done 9k miles. Or about 1.5k worth of fuel in 15 months or 160ish pounds per 1000 miles. I would be out of pocket in the EV as a new private buyer.

Cheap in this context it is not. If you rent your cars through salary tax dodge then fair play you can save money but for the majority if you want to buy new. A EV is a mad proposition at the moment. Even used is a risk without a warranty.

Most cars (ICE &EV) retain warranty if you buy them used so not sure that’s valid. There’s Tesla Model 3 used for under 15k still with warranty and new for £300 a month for 3 years and hand it back so no worries about depreciation.
So if they can be on parity for depreciation (or if it can be factored out through pcp or whichever one) it’s madness to be spending an extra £1500 a year.

That’s the equivalent of a decent after tax pay raise for the median earner.

 

[Tiamat21]

How are you doing 1mile per kWh.

That’s my entire usage so household as well.

 

[Tiamat21]

If you can average 3 miles per kWh your electric cost shouldn’t be more than about £25 for 1000 miles if it’s all done at 7p. Thats a much better headline than the thread title…

If you can average 3 miles per kWh your electric cost shouldn’t be more than about £25 for 1000 miles if it’s all done at 7p.

Dunno man it doesn’t quite have the same ring and doesn’t feel quite as concise .

I also wanted to get across the impact it has on household usage cost

 

[Tiamat21]

I'm not spending an extra £1500 a year though because I have lost 5k in depreciation if I had the EV. Also minus a grand worth of electricity it is only an extra £500 a year on fuel just comparing like for like. Then if you want to get into nitty gritty my insurance for said ICE is a measly £340 a year whereas the EV is closer to a grand so even if you exclude depreciation of the EV it still costs more to run than filling up with dinosaurs.

Also even if I could rent a Tesla for £300 a month (A deal like that doesn't exist it is more around double or even tripple that). That is £10500 in depreciation that I will not suffer as much with my privately bought car and I also have equity to release if I decide to sell after those three years.

The offer isn’t on atm but they did the Y on it as well The £300 deal did have a high deposit of £3500 (£4500 for Y). So closer to £400. It did exist though some Reddit threads of people still waiting on their deliveries.

The insurance is definitely a bugger I’ll admit that.

 

[Tiamat21]

It maybe existed 2 years ago but manufacturers have woken up to the depreciation of EV's you are not getting those deals anymore. A Tesla model 3 long range is 1k a month with 1k deposit on money supermarket for 3 years.

It was a few months ago.

 

[Tiamat21]

Yeah 24 of them.

https://www.reddit.com/r/TeslaUK/s/ArMr8PJem1

 

[Tiamat21]

With a 4.5k deposit. So 15 grand over 3 years for a billy basically version. Not even the long range and a model Y which looks like a melted bar of soap.

I did say that… so I basically prove you wrong and you’re like “aw mate the car looks ****” “not even top tier trim that’s rubbish”.
Of course it’s not the top trim for £300 a month

 

[Tiamat21]

It does you are correct, I apologise profusely. But £299 x 24 = £7,176 which is half of 15k.

So no good deals, you've not looked recently then?

That is significantly better. That one passed me by

 

[Tiamat21]

unless you can get one of these bargain deals right now it's irrelevant really though if you're trying to use it as a "this is how cheaply you can run an EV for" isn't it?
If I held onto my Bitcoin from years ago I'd be a multimillionaire right now but that's not a good reason to go out and stock up on it right now.

Just buy a second hand one and own the car. Plenty available under £15k.

Best time to buy because of the recent massive depreciation.