I'm getting around 3 miles per KWH on my M3 and the electricity provider is now charging me 30p per KWH (up more than 50% from when I bought the car), which translates to about 10p per mile.
The tyres are pretty good, but wear fairly quickly, and you are talking ballpark £1k worth of tyre for every 10k miles, or 10p a mile. So all in, 20p per mile (forgetting brakes, suspension wear and tear and that type of thing which will come down the line at some point)
At £7.50 a gallon diesel right now, a 60mpg car costs 12.5p per mile and tyre wear will be dependant on the car of course, but around 5p per mile on previous cars I've had. So thats 17.5p per mile and for every 10k miles, you should really be changing oil and filters (forget that long life 20k miles oil, 10k max in my book) so about £250 for every 10k miles, which brings it to 20p per mile, which is pretty much what my M3 costs me per mile.
So green/carbon footprint aside, its not as cost effective as it was when I initially bought the car. I'm sort of thinking I should maybe cash in my M3 while prices are high, and get a diesel again. My initial plan was a MY (was hoping a SR version would eventually come out) but when you look at running costs and purchase price, that 50+% increase in electric has switched the maths quite a bit.
Like many of us no doubt, it was these sort of man maths that helped me buy the M3 to begin with but those maths don't work like they used to. There is a hefty premium to buy an EV but over the long term, you get that back, and then some. Well, that used to be the case. Its not quite so simple now.
Anyone else having similar thoughts about EV running costs and considering going back to fossil fuels? I'm talking from a pure financial perspective, rather than the obvious rabbit hole of climate change, emissions etc
The tyres are pretty good, but wear fairly quickly, and you are talking ballpark £1k worth of tyre for every 10k miles, or 10p a mile. So all in, 20p per mile (forgetting brakes, suspension wear and tear and that type of thing which will come down the line at some point)
At £7.50 a gallon diesel right now, a 60mpg car costs 12.5p per mile and tyre wear will be dependant on the car of course, but around 5p per mile on previous cars I've had. So thats 17.5p per mile and for every 10k miles, you should really be changing oil and filters (forget that long life 20k miles oil, 10k max in my book) so about £250 for every 10k miles, which brings it to 20p per mile, which is pretty much what my M3 costs me per mile.
So green/carbon footprint aside, its not as cost effective as it was when I initially bought the car. I'm sort of thinking I should maybe cash in my M3 while prices are high, and get a diesel again. My initial plan was a MY (was hoping a SR version would eventually come out) but when you look at running costs and purchase price, that 50+% increase in electric has switched the maths quite a bit.
Like many of us no doubt, it was these sort of man maths that helped me buy the M3 to begin with but those maths don't work like they used to. There is a hefty premium to buy an EV but over the long term, you get that back, and then some. Well, that used to be the case. Its not quite so simple now.
Anyone else having similar thoughts about EV running costs and considering going back to fossil fuels? I'm talking from a pure financial perspective, rather than the obvious rabbit hole of climate change, emissions etc