Does the electric car reduce the budget of the car? | Buy

While internal combustion cars considered the most polluting from Crit’Air stickers are increasingly being expelled from city centers as part of the city’s development policies and European regulations require manufacturers to of cars limit on average the rate of CO2 emitted by all vehicles sold. with 95 g per km, some say it would be economically viable to switch to the electric car.

Is it profitable to switch to an electric car? The answer is simple: no, it is not economically viable to switch to an electric car..

If switching to the electric car was cost effective, the electric car market would not be subsidized with an eco-friendly bonus for more than 10 years (Currently, in the first half of 2022, the amount of the ecological bonus for the purchase of an electric car is 6,000 euros).

However, claims regarding the alleged profitability of the electric vehicle are numerous.

The budget of the car consists of five elements: purchase, resale, maintenance, insurance and fuel.

What about the cost of the electric vehicle in these five components of using an electric vehicle.

BUY

The electric vehicle is more expensive to buy about 11,000 euros than the gasoline vehicle in the city category.. Just look at the prices of the Renault Clio / Renault Zoé, Peugeot 208 / Peugeot e-208, Opel Corsa / Opel Corsa-e to see an average price difference of 11,000 euros.

This price difference corresponds to specific cost of high voltage electric vehicle battery.

RESALE

With the exception of Tesla electric vehicles today, resale values ​​of used electric vehicles are low compared to the purchase price compared to gas vehicles.

Just look at the second-hand reviews of the Renault Clio and Renault Zoé over a 10-year period.

Donat the rapid technological progress of high voltage batteries (capacity, range, recharging speed, durability), the phenomenon of a sharp discount on electric vehicles is expected to last until electromobility technologies mature.

Besides, solid state batteries could be a major technological breakthrough in the coming years.

MAINTENANCE

The cost of maintaining electric vehicles on manufacturers’ after-sales networks is approximately 30% lower than that of a gasoline vehicle..

This difference is explained by the absence of filters, engine oil and spark plugs to be replaced during periodic maintenance.

There is also no gearbox, clutch, timing belt in the electric vehicle.

We can estimate in an urban car an annual maintenance cost of 160 euros for the electric vehicle (instead of 240 euros in an urban gas car).

WARRANTY

Because insurance premiums are based on the purchase price of vehicles, electric vehicles “mechanically” cost more in insurance than gasoline vehicles.

FUEL

Electricity is currently less taxed than fossil fuels, the fuel cost of electric vehicles is lower than that of gasoline vehicles.

From the prices of fuels observed in 2021 (average kWh of 0.18 euros and liter of gasoline at 1.45 euros), we can estimate a average cost of electricity to travel 100 km in an electric city car of 3.30 euros (60% load at home, 30% load at work and 10% public load) and average cost of fuel per 100 km in an urban petrol car of 7.25 euros (Source: LeasePlan EV 2021 study).

From 10,000 kilometers a year, the cost of electric fuel is 330 euros (instead of 725 euros for a gasoline vehicle).

In short, the electric vehicle in the category of urban cars it costs about 11,000 euros more to buy than the gasoline vehicle and he is more expensive to insure.

Economically, the electric vehicle is more profitable in terms of maintenance at about 80 euros per year and in fuel about 395 euros per year due to the lower taxation of electricity compared to gasoline.

In addition, the essential component of the electric vehicle is the high-voltage battery, which is covered by a limited warranty of 8 years and 160,000 kilometers from most manufacturers.

Beyond 8 years, the remaining battery capacity could be (or would be) less than 70% and insufficient for automotive use.

The price of the high voltage battery only represents almost a third of the price of an urban electric car.

The price of replacing an urban electric car battery exceeds 10,000 euros with most manufacturers.

the “forced” change in electromobility in 2022 in a context of encouraging the abandonment of thermal vehicles and the creation of low-emission zones (ZFE) that allow the circulation only of vehicles considered less polluting based on their Crit’Air stickers. will increase the car budget of many French motorists.

Pixabay Mikes Photography image

Leave a Comment