I hope you mofo’s don’t expect
@SmallTown and
@Andy_W to put up with this kind of smack talk!
$hits about to get real!
Easy to bat this down.
Seems they've made the classic school-boy mistake of not factoring in the total cost of ownership, and they think that fuel cost is the only car cost. Possibly lazy journalism, but more likely headline to try and catch clicks (seemingly it works on the non-EV crowd).
Then they've made the second classic mistake of not comparing like for like, they've relied on a database of unalike cars, which is also including loads of older EV's which are less efficient. They say they're comparing like for like later, for the individual cars, but don't mention what they're comparing too, classic. For the SUV test they used the least efficient EV that exists, which is effectively a bus
Also, it doesn't factor in that loads of EV owners have overnight tariffs, this makes the electric about 1/3 to 1/4 of the cost. An overnight tariff at the minute is about 8-10p and might go to 15p-20p per kW (not 52p).
Back in the real world.....
My car is a sporty large car/ SUV and I'm getting around 3 miles per kW, and the equivalent in its class in petrol isn't doing 41-48mpg, it's 25mpg, at best.
Effectively, to get 500 miles from my car it's ~167kW, which at the 8p overnight tariff is £13, even if it doubles that's only £26. A 25 mpg ICE would cost 35p per mile, so £175. So, even at £25 for 500 miles, I'm paying £50 a month, v the £350 of the ICE car, so I'm still going to be £300 a month better off, on electric/ fuel alone. Never mind that I've also got solar, and no solar battery (saved install cost/ excess goes into the car).
Then it's not factoring in no VED, which saved me £2000 in Year 1 and £500 a year for 2,3,4,5 etc.
Also, not to mention cheaper services, and longer warranties on batteries and motors, compared to engines.
Also, no mention of EV's not depreciating at the same rate (or same value) as like for like ICE cars, which is a much larger proportion of the TCO cost, of newer cars. My car was worth 20% more the day I drove it off the forecourt.
The old arguments of short ranges and no chargers are becoming less common too, as batteries are more efficient, ranges are longer and there are more chargers, which are also a hell of a lot faster. Batteries will only get more efficient, and hence will EV efficiency.
The electric cost has narrowed the gap, for people only charging at peak rates (which is a bit silly), but TCO on EV's is still far, far cheaper.
The price cap is a one-off/ perfect storm, which will probably also get subsidised, but the cap will also likely come back down in 2024. I can't see the price of oil coming down much but can see taxes on oil use going up.