😱SHOCKING: The REAL COST of EV Home CHARGING!!😱
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- Опубліковано 10 лют 2025
- Join me as I break down the real cost of EV home charging compared to equivalent gas vehicles. I go over my electric bill and calculate the actual cost in real time, and the results are shocking!
#carcharging #gasprices #carreview #rivianr1t #rivianr1s #homecharging #chargingcost #electricbill #discount # #evcharging #evchargingcost
Did my cost of home charging our Rivian R1T/R1S surprise you? Its surprised me! Let me know in the comment section.
your rivian would cost $5.45 every 100 miles with 12 cents per kWh 2.2 kwh per mile at home off peak hours. my 2014 LX FWD HONDA CRV is 31 mpg hwy 3.2 gallons @ $2.65 current price is $8.55 every 100 miles. If you used public DC faster charging even low prices like 30 cents per kWh that would cost $13.64 every 100 miles.
WOW! Hey we got an R1S with 88k miles on it. $0 maintenance, been in -40 temps up to 120. -200 elevation up to 14,000 ft on offroad all over 48 states and this thing is still putting in the work with no issue! Put's a smile on my face everyday!
In fact we got into a cheap electric in poverty for $100 a month, won our settlement bought the R1S and after we purchased this thing, lost our jobs, our home and living below the poverty line and this thing keeps us glued together. Thanks for letting people know about electrics. You don't have to be rich to afford an electric. My dad just picked up a Leaf for a few grand and he is the happiest he has ever been and plugs it into a standard outlet. It gets him back and forth to work and everywhere else daily.
@@billybobbob3003 Cool Honda CRV that will get you itching for an electric. The Volt is what got me!
@@binauralauto3621 nah got me itching for k24
@@billybobbob3003 What is price per mile for both cars?
We are a two EV family, and have been since 2019. We spent about $800 to run a dedicated 60 amp 240v line to our two car garage. Our electric utility as a “time of use” rate plan available to EV owners and it allows us to charge at $0.05/kwhr during off-peak hours. Thus our two EVs charge exclusively in the wee-small hours. Each of our EVs gets about 3.5 miles per kwhr. This means we drive for about $0.02/mile. Your ICE vehicle would need to be getting >200 mpg to operate for that cost per mile. Even without time of use rates, we’d be driving our cars for $0.11 per kwhr, and that still works out to >100 mpg equivalent.
That is awesome and thanks for sharing!
Newsflash, you paid the difference in fuel costs up front in the price of the EV. But hey keep discarding that money so you can feel good about yourself.
@ Newsflash for you: Our two EV’s operate for two cents per mile. Pretty much zero maintenance except for tires. I keep close watch on all of our expenses. Between fuel savings and maintenance savings I’m spending no more (and probably less) than I would have spent to own and operate two Corollas.
We have 2 EVs -- Hyundai Ioniq 6 and a Ford Mustang Mach-E. When my first couple of electricity bills came in, I was shocked at how much they went up. But, I then pulled up my last couple of Sheetz card bills (regional gas station) and my shock changed to delight. My electric bill went up by $150 per month, but my gasoline bill *dropped* by $350-400 a month. I'm a VERY happy camper. Solar is scheduled to get installed in March, so am expecting to get even happier next spring.
I wish more people understood this when they say yea EV is dumb because your electric bill goes up.
yea we had a small EV (only vehicle we had) and we invested in a L2 charger and upgraded the homes power, we got a discounted L2 charger and the cost to upgrade wasnt that bad, and we charged only at home, and only during off peak times, and the electric bill went up a whopping 2-3 $ a week vs what we last paid for gas when we had a ICEV, had pretty decent gas milage, and gas prices were about what they are now, and we spent about $100 a week (and no commuting at that time, mostly my wife was looking after her mom).
The excessive costs of the two EV's would have bought a LOT of gas.
The savings are amazing! I love how much you are saving.
It's hard for some to see the big picture.
Thanks for sharing!
For me: Electricity is 11.4 cents per kWh. Gasoline is ~$3.00 per gallon. 2002 Mercury Marquis-13 cents per mile. 2006 Toyota Prius-6 cents per mile. 2023 Chevrolet Bolt EUV- 2.85 cents per mile. NO COMPARISON!! (none of these are "performance" vehicles)
Very well done! We charge our Tesla at home "Off Peak" level 2 in California. It cost us $120 for 4K miles last year! Gas here ranges from $4.50 to $5.00 a gallon! No other charges for the year!!
I only drive about 100 miles per month and charge level 1 at home. But, as a retired electronics professional I am mindful that even level 1 is roughly equivalent to running a 1500 watt hair dryer. The kWh do add up. But it is still cheaper then gas and better for the environment. I'm willing to accept that.
His assertion that it’s expensive isn’t true. As an electronics “professional” that should be easy for you to see.
I can't imagine buying an EV if I drove just 100 miles a month. Why even bother with an EV?
@ Which tells us you’ve never driven an EV.
@@Japplesnap or an ICEV ? course its easy to say that, but it depends on where you have to go (grocery store might not be all that close, or health providers, etc). and many dont want to use cabs ,Uber, Lyft etc).
Great video, thanks for sharing. I just installed a level 2 charger in my garage for our 2020 Chevy Bolt. Our Power Company gave me $500 toward new charger and $10 off each month for a year to charge from 11 PM to 6 AM
That's great! What power company if you don't mind?
@@thedukeofmiddleville Consumers Energy
Great video! Very informative. I love the cost breakdown and comparison ❤
Thanks! I glad you got some value from the content!
Great Info! I just bought a Tri-max R1T and am very excited!
Thanks for watching and congrats on the new truck!
Love it. My ICE Avalanche cost over $200 a month, and that's just 40 miles a day to work and back
02:53 - when reviewing the MPGe, the “e” stands for “equivalent”.
That you for the correction!
SO lucky to have free charging at work. I try to charge at work as often as possible.
That's a huge cost savings!
What's the warranty on the battery and how much does a replacement cost?
My 2024 Chevy Equinox EV has a 8 yr battery warranty
The old prius would basically be totalled and junk if the batteries junked the bed...
There's another benefit to just how cheap it is... It's never raining sideways in my garage, it's never below freezing in my garage, and I've never been hassled by homeless people in my garage either. Every morning you have a full battery; you never have that forgot you needed to leave early this morning cause you needed gas and now you're running late. You never realize how much stopping for gas is a PIA, until you don't have to anymore. 99% of the time you don't have to go out of your way at all to charge because you just do it at home; none of that trying to decide where and when would be most convenient to stop for gas, you just do it when you get home.
Side note: I drove 1,000 miles to Key West in my old Mustang MachE and back, and it cost me about $25 in charging fees at the fast chargers!
Thank you for sharing your experience! You can't beat $25 for 1k miles!
Excellent video!! When i had a model 3 u was saving about $2500 a year per the Tessie tracking app.
I have the FPL home charging set up now so i only pay $31 a month for unlimited off peak charging ⚡
That is awesome!
The battery pack in the R1S is a BEAST compared to my previous car (2018 Model 3). My family and I are all really happy with the Rivian all around tho. Just added solar to our home to offset the addl energy and then 6 months out of the year I’m able to charge at work for free which is a nice bonus. I also recently joined a gym that has free charging in their parking lot. Parking for an hour is about 90cents and in that time I can get about 10 kWh of charge. The 6 months out of the year where I’m commuting I’m going about 70miles per day on average.
The comparison of EV charging vs ICE fuel is interesting (a good start) but not conclusive due to many study omissions. The study must be conducted using data over a much longer period of time and account for the following to be useful….
> Purchase price of an EV and compatible ICE vehicle (an EV vehicle is probably 30-50% more expensive).
> Depreciation of new vehicle comparison (EV vehicle depreciate at a much larger percentage as compared to ICE vehicles - EV’s depreciate at 50% average after 12-18 months)….residual value lost?
> Insurance rate (EV’s average a higher annual premium).
> Cost of EV charger and installation
>
Love the comparison!! We have the R1S and here in Washington State we are paying about $0.11 per Kwh. We are loving our ride and just had it wrapped, which changed the name from "Blue" to "Blue Lightning". 😃
$.011 per Kwh is awesome! More people need to know the potential savings they are missing out on. Not to mention the superior driving experience.
Thanks for sharing!
@@thedukeofmiddleville Did you ever get solar? I remember in one of your videos some people stopped by to talk to you about solar. We decided to add to our solar and add batteries just because we lose power quite often with wind and rain storms.
Over here in Gig Harbor I am at .07 ish
@@thedukeofmiddleville And gas is $4 at the moment but that is lower as it has been more around $5.
@@dominicwilkerson Very cool!
Are you including the delivery,line charge and taxes too or just the cost per kw ?
Total cost including all the taxes.
Even better than the cost savings you showed is the potential when you pair it with solar. For folks not in an EV yet, imagine getting rid of your electric bill and gas bill. With 30% off through a federal tax credit, it can be possible to get a system that eliminates your electric bill and gas for about the financed amount of the system.
Spot-on. If you charge at home, and 86% of EV owners do, you really need to strongly consider completing the loop and install solar & Powerwalls. My electricity bill roughly 9 months a year (when it's not snowing) is $19/mo. The grid minimum tie-in. So, I'm running the house and charging two EVs for very little money. Plus, you have back-up during grid outages.
I will be installing solar next year to take advantage of free charging. You can't beat that savings.
I just got my solar this year and eliminated my bill almost entirely. The SRECs knock out the minimum amount almost entirely. I couldn't quite swing battery to cover bad weather days or evenings, but my area is 1:1 net metering so wasn't much of a concern yet. I'm also hoping battery continues to drop in price and then I'll add it. I wouldn't wait to long. Rumor has it that many of the federal credits might be vanishing or being placed on hold in the not so distant future. That 30% credit got me full house/EV solar at 22kW.
Solar is coming before the end of the year then electric vehicles. Buying most of the equipment myself. Doing most of it myself except to roof panels and saving about $35,000 off of a $65,000 system that most have been quoting. Im not getting on no roof. I may or may not get the panels from them. They give me a decent labor price I’ll throw them a bone.
Supposedly solar installs are a low margin business as solar installers keep going out of business. I agree...you won't find me on a roof! In my area, permits and inspections are brutal so unless you are an electrician it is better to hire someone. Energysage worked well for me to find the right price point and might help you for the parts you don't want to handle yourself.
I was spending $120 a week to fill up my truck. I just bought a Cadillac ELR, it covers my entire commute, we also have a Gen 2 Volt. I have home Solar that originally covered all my yearly cost. Since then I pay a total of $1k for the entire year. I’m in California. Solar and EV or plug in is a financial game changer, it’s just math. Keep in mind if you have EV and Solar the ROI on that solar PV system is payed back almost exponentially.
I had both the Gen 1 and Gen 2 Volt, and I love those vehicles. I never had any issues in the 6 years that I had my Gen 2 Volt. The Volt is still one of the best PHEVs.
Thanks for sharing!
I have a 2017 Chevy bolt I pay .12perkwh I pay $8 per week just to get to work all week, it adds to 330 miles in total, $36 per month, i also doordash on the side and spend $10 and make $400 it's awesome!!!
@@RJVentura1 I loved my Chevy Volt. It's a great car.
Anyone considering an EV has to look at the whole package. I love the focus on home charging, but when you start factoring in no time waiting for a gas pump or the time it takes to pump the gas, versus at home, you pull into the drive way or garage, get out, grab the power cord, connect the vehicle and walk away. If you factor in driving to the gas station the difference becomes more obvious. It is sad people want to avoid EVs because if they do a long trip, as in over 200 miles they might have to deal with charging, because charging could take 25-40 minutes, not to mention there is not as many EV charging stations as there are gas stations, but when you consider 96% off all charging is done at home for EV owners, the road trip thing is a very slice of driving. How many hours are people saving by being able to just charge at home?
People shopping for EVs seem to overlook not having to get new brakes for 100,000 miles or more. All those oil changes and in some states SMOG checks. Those all take time and have costs.
I got a 2023 Model 3 RWD, new, last year. I am sitting at 21,000 miles and it has been so easy to own and operate. The $300 a month in gas bill I dealt with dropped to $85 a month electric bill until PG&E decides to jack rates up, so now it is about $100 a month. In California, they hit us with a $200 road tax fee each year because EVs are obviously not using gas which is where state taxes get money to help keep up roads. Some states are talking much higher annual fees because they are anti-EV or do not know how to manage the change.
In the end, most drivers do not care about what powers their vehicle. It could be zombie hamsters under the hood, but if it is nice to drive, economical drive, and basically headache free, they will buy it. We can clearly see those who have made major profits off a a petrol economy starting to push hard to slow EV growth. They do not care about national security, community health, and so on. It is profit before people and sadly much of the US government is controlled by people with this thinking. As more people meet actual EV owners, they will likely see the EV ownership is not a nightmare.
Just think back to 2014 about what EV options consumers had and where we are now, it is a huge improvement. The pace of EV tech improvements, from batteries to electric motors, is evolving at a record pace, so these next 10 years will likely see EVs that are so much better than ICE options, the market will keep shifting.
Always nice to run across another channel trying to help people see EVs are not something to fear. My Model 3 has been the best vehicle I have ever owned and those in my social circle who also went EV have all been very happy with the choice.
Keep up the good work.
Thanks for sharing your EV experience! These are the stories people need to know about, and your assessment is spot on.
On the charge times, I always like to explain it as it takes the car 8 hours to charge, but it only takes me 45 seconds to charge it. ICE cars fill up in 5 minutes, but it could take 10-15 minutes (factoring navigating to the pump and possible lines) of my time and attention to do so. Most people don't realize that you can multitask while charging an EV while ICE requires you to be present and (ideally) paying attention.
Agree mostly - I have evolved to mentality that if you are a two car household that 1 ice and 1 EV is a pretty good combo if have a long range demand / towing etc. over time you will know if you really need the ice.
Friends of ours have both and rarely travel far and I asked why they still had the ice when they love the EV convenience… they explained they were close but had two recent needs to evacuate and the EV would not have worked for the evacuation in their minds (they have smaller range EVs for price).
I'm in HK and we're spoiled on EVs as we have plethora of very affordable choices because of the Chinese EV market. Just across our border, the Guangzhou Auto Show will have 1,100 vehicles on display, 550 of which are new EV models. EV development in this part of the world is simply mind boggling
I live in CA and I kept the same job with my long commute and switched from a gas SUV to an electric SUV and had my costs cut in half so worth the switch
At this point with all the solar subsidies available it would probably be worth your while to get a home battery and solar power system and cover all your energy needs. ROI increases with the amount of electricity used.
That has been the plan all along. I'm in the process of replacing my gas appliances with electric. I just have to replace my propane water heater with a heat pump and that should really increase the ROI with solar panels.
Thanks for commenting!
I have a Hummer EV SUV and I charge it home using FPL unlimited charging plan for $31 per month. I average $18,000 miles per year and it is the best vehicle I've ever owned. Do not buy an electric vehicle unless you could charge at home in a garage. If you could afford $100,000 vehicle you could afford a house with the garage. If you plan on using public charging all the time do not get an electric vehicle it will become a major hassle. It is fine once in awhile on a road trip but if I'm driving that far I will just get on a plane and rent the car on the other side.
That’s an awesome set up! If you don’t have home charging, the hassle is real.
I know a way to get around that ! We have an 11 kw solar system on our house so it doesn't cost anything to drive our vehicle and all we pay is a connection fee to be connected to the grid that is $27.52 a month all year round. The system is 32 365 watt panels and the system is paid for and warranted for 25 year's and the government will pay 30% of the system cost.
I had previously owned an Escalade and a kia Sorento. My monthly gas bill averaged $140. My new cars are a 2020 kia niro and a 2020 chevy bolt. I only charge at home l1 and l2. My electric bill increased $44 per month average. Also my repacosts went from astronomical to zero
That’s amazing! I can’t imagine the gas savings you are seeing.
I have a Mustang Mach-E and I charge it 2 to 3 times a month at home. $.12 per kilowatt hour anytime of the day, it costs between $20 and $25 a month for home charging. My previous bronco sport badlands edition would cost roughly $260-$300 a month in gas!
Thanks for sharing your experience. It is inspiring to see such a significant cost difference.
We are slated to take delivery of our R1T at the end of November. That's about what I had roughly calculated out. When you consider that we are spending $160 a month to fill up our Nissan Rogue, it's a win!
You will love the driving experience even more than the savings!
This obviously depends on your vehicle, gas prices, and electricity prices in the area.
In my location electricity costs about a third of what gas costs given any distance. This is because in Canada the gas prices are absolute insanity due to taxes.
I drive a PHEV so can compare within the same vehicle... We currently pay around $1.60 CAD per liter, and about 15 cents per kWh. I do 4.5L per 100km, which works out to 7.2 cents per KM. I get about 6KM in the city on electricity and 5km per kWh on the highway so that's 2.5 cents per KM in the city and 3 cents per KM on the highway.
Thanks for sharing your experience! It's great to see such a big difference in cost compared to gasoline.
There is a lot to digest here. As a person who took WAY too many math classes and WAY too many finance classes . . . there is something that you left out that is often missed. Gas prices are volatile. They change daily and you can see a huge percentage change during the course of a year. Electric rates are stable due them being regulated. You are more apt to see a change once a year instead of once a day.
Here, in CA, in the last 12 months, I have seen gas go as low as $4.20 a gallon to as high as $6.10 a gallon. Think about that! That is a huge spread. That makes a huge difference in modeling. In SoCal, there is SoCal Edison that has so many different rate structures that it requires a Doctorate in Finance to decipher it. The math works out to about .28 during off peak to .51 during on peak.
When you start to do the math, you will soon learn that a Prius getting 50mpg is the closest to price to an EV. Using our Model Y, which gets 3.6 miles per kWh. If you drive 12,000 miles a year, in that prius, at $4.20 a gallon, you are paying .084 a mile at 6.10 a gallon, you are at .122 a mile. Now with the MY, at .28 it is .077 per mile and at .51 per kWh it is .141 per mile.
Now, as you did, compare the MY to something comparable. What is it? A BMW X5 M competition? That gets 15mpg and requires premium, which is .30 more per gallon in CA. At 4.5 per gallon it is .30 per mile and at 6.40 per gallon it is .426 per mile.
EV's from any financial metric are better for your wallet when you compare like to like. I chuckle when people want to compare a 15 year old Honda Accord to a new EV and say, "See how much more expensive it is!" Pfft. Compare like to like and a NEW EV is probably cheaper than a new ICE car to acquire. If not, it is probably less than 10% more.
Then look at that ICE car's maintenance schedule. Figure that out and then show me how many miles it takes for that EV to overtake it in total cost of ownership.
Thanks for the thorough analysis. Yes, a Prius gets 50 mpg...but its a Prius which is not comparable to a MY. The BMW is a much better comparison IMO.
Thanks for sharing!
You’re forgetting the insurance factor. Generally ,most BEVs have an ISO rating for collision, comp and liability that is quite a bit higher than a standard ICE car. This leads to higher insurance costs for most BEV. I’d say on average $25-$100 more per month than a comparable ICE car. I used a Honda Accord V6 versus a Model 3 Performance and the cost difference was 65.00 a month more for the Tesla. YMMV.
@alexnutcasio936 The M3 compares more to a BMW not an Honda Accord. Rivian R1T compares more with a Ford Raptor R or Ram TRX. Both are more expensive to purchase and insure than the R1T.
@@alexnutcasio936 Dude. If you are going to try to sound educated, at least be educated. ISO rating has to do with FIRE. If you want to say EV's have a higher ISO rating, that would be comical. EV's, IF there is a fire, sure, they are harder to put out. However, seeing that this is an INSURANCE conversation, the number of fires with an EV is significantly LESS than that of an ICE vehicle. EV fires just make for better headlines.
I love that you keep mentioning this is for two 835hp trucks.
I think it matters what other car you own, not just a comparable car you don't have. I own a Model 3 and an old F-150 which gets 14mpg at best, so every mile on the 3 is a mile avoided on the F-150.
With 67,000 miles on the 3 I have avoided paying at least $16,000 in gas alone. 🤯 Plus I have another ~50,000 miles to go still under battery warranty. So I consider that money coming off the purchase price of the car.
Thanks for sharing your personal experience!
00:07 Home charging costs for electric vehicles can be surprising and higher than expected.
01:44 Comparing electric vehicle efficiency with traditional gas-powered options.
03:33 Charging electric vehicles can save money with optimal usage of utility programs.
05:09 Understanding the cumulative costs of EV home charging.
06:51 Charging two electric vehicles costs around $768 each per month.
09:00 Analyzing electricity loss and driving costs for EVs versus gas vehicles.
10:46 EV home charging costs can exceed traditional gas vehicles.
12:49 Home charging can be more cost-effective than public charging rates.
Crafted by Merlin AI.
If charging two electric vehicles cost $768 a month filling them with gas must cost over $2000.00 a month.
It would be interesting to see what someone's electric bill, both house and EV and EV only, is in PG&E Northern California for charging their EV vehicles.
PG&E For EV customers on the separated rate:
• There are also three different time blocks in this plan: off-peak, partial-peak and peak hours, but the rates apply only to energy used to charge an electric vehicle and are billed separately from home energy costs. Customers will pay 26 cents per kWH to charge their vehicle from 11 p.m. to 7 a.m., 3 cents more than in the winter, 37 cents per kWH from 7 a.m. to 2 p.m. and again from 9 p.m. to 11 p.m., 7 cents more than in the winter, and 62 cents per kWH from 2 p.m. to 9 p.m., 19 cents more than in the winter.
Here is one important point about total cost of ownership of BEV compared to any ICE: if gas was free, zero cost per gallon, it would still be cheaper to own and operate a BEV over its lifetime. Let that sink in.
You are correct!
Also a two EV family plus two ICE cars for the kids EV9 GTL, Ford Lightning Flash, ‘01 Miata (HS car), ‘09 Pontiac Vibe GT (college car). I also have put the reservation down for the Scout Traveler to replace the Kia. We will see if that works for the timeline.
You've got a nice EV fleet going there!
Here in Ontario, Canada, our electrical companies must offer ultra low overnight (ULO) plans by law. The price is set by the province too, at 2.8 cents (CND) per kWh between 11 PM and 7 AM. It's about as close to free electricity as we'll ever see. Because we're rural, my wife's total daily commute is about 160 km per day, using an alarmingly huge 30 kWh of battery on average because it's all highway driving and we have winters here. Our weekly "fuel" costs for her commute average out to $4.20 per week.
Gas here is expensive compared to the USA south of us, costing $1.60 per liter for regular gasoline, which works out to be close to $6.40 Canadian per US gallon. Since her EV is a cheap Chevy Bolt I bought used, the car is pretty close to paying for itself.
It's a bit of a no-brainer for those who like money, especially up here with cheap abundant renewable energy and incredibly expensive gasoline.
@@Skyhawk1480 That is awesome savings! I gas would be higher, but the US oil companies get billions in tax subsidies. Thanks for sharing your experience!
Have a Volvo xc90 recharge. On electric the cost is half per mile of what gas would be. We save approximately $100 per month running about 1200 miles per month.
In Texas an EV charged at home is about 25 percent the cost of an efficient gas car like a civic. And that's before you add in the cost of oil changes and maintenance on the gas car. Plus nobody suggestive selling you unnecessary BS at the jiffy lube.
You have got that right I don't miss the Jiffy Lube upsell.
You said you were in Illinois so you get cold weather I’m an upstate New York. What kind of battery life or mileage could I expect during winter? Running the heater & wipers and say 15 to 20°.
Hello, I cover that in this video: ua-cam.com/video/qF0Mycq3d-o/v-deo.html
We have 2.8 cents/kWh electricity from 11PM to 7AM in Ontario Canada. It is ridiculously cheap to charge our EV9 during those times. 100kWh battery, 270 miles range for $2.80. Compared to ~$5 CAD / gallon for gas. It’s cheaper to charge the EV9 for a year’s worth of driving than it was to fill our Nissan pathfinder gas tank once.
I am a Lightning owner. Should there be an adjustment for EV price vs ICE price? I would say that an equivalent EV is a bit more expensive off the top over an ICE vehicle wouldnt you? Of course over a 5 yr period that would be VERY erased but still... And if or when gas price creeps back up the savings skyrocket....But that brings me to another possibility. That we EV drivers will keep the cost of gasoline down by virtue of lower demand thereby prolonging the ICE vehicle demand. I have had the Lightning about 6 months and 15k miles saving the equivalent of about 750 gallons of gasoline. Thats alot of gallons. And thats only in 6 months.The advantages of an EV go beyond cash though. There is our childrens environment which many dont give a s--t sadly. There is the superior ride my truck has. There is the advantage of the awesome electrical capability the battery pack can provide in camping and power outage situations. They will only improve. Great videos!!
It is possible that will we keep down the price of gas, but at some point it won't be profitable for the oil companies and they will cut supply to increase demand to cover the profit losses and the price of gas will go up.
Thanks for sharing!
You're paying ~$0.14 per kWh?? Man, good on you, I pay literally 4x more for electricity :D
Where you living?
I am sorry to hear that you are paying so much for electricity, but hopefully the video has helped you see how to lower your costs.
Great information as usual but I do have one question for you or the audience..
My brother has a Tesla and he installed a home charger without letting the local power company know or do the installation and he said his power bill has not increased at all and he charges two or three times per week at home…
My next door neighbor has an Audi etron and he’s using a charge point account that partners with GA power and he said he notice a difference in his monthly power bill …
My question is have you heard of anyone not letting their local utility company know that they have an electric vehicle and their monthly bill staying the same? Or could this just be a coincidence?? Or time of day that my neighbor is charging his car…
If you use power you use power, I'd have to imagine he must have used less AC or less power somewhere in the last few months.
I think your brother is just lucky, and your neighbor is being charged more for electricity because of time-of-use pricing.
@@thedukeofmiddleville Well my neighbor went back to his regular plan vs the special EV rates that he was quoted from GA power and he said his bill is back to normal..
He told me that his highest monthly bill was around $600 while on the EV pricing plan and since going back to the standard plan and only charging his Etron after 11pm he’s bill had been around $280 per month… now granted we’re in Atlanta and the summers are brutal here so I’m looking forward to see what his power bill averages during the winter months…
@@coreylouchiey9853 That's a big price drop! Thanks for the update.
I have a new Tesla M3 LR RWD since August. It has 2200 miles now. According to my app I've charged 575 kWh for $126. Now the car tells me it's used 454 kWh for that distance, not sure why the discrepancy. Anyway, 39% of that 575 is at a DCFC. To go the same distance in the car I traded in would have cost $310. Bottomline is it is really cheap to charge at home. Pay 10.8 cents/Kw.
That is awesome! You are saving a lot of money. And it is even more cost-effective when you factor in the amount you saved on gas by not driving a gas-powered car.
1 gal of gas ~ 34kwh. For a SUV with about 100kwh battery capacity, you get about 200-250 miles of range. For the same ICE SUV at 20 mpg at best, 3 gallons will get you 60 miles. Charging at $0.15 per kWh, that’s $15. To fill up a SUV tank of 20 gallons at $2.50 = $50. That’s exactly how I explain it to my skeptics. We have 2 EVs and at 11-13 cents per kWh, it’s a no brainer. Of course, EVs are not for everyone, but if you can make the move, it’s worth it.
That’s a great way to explain the math to others!
Gas prices tend to follow electricity prices regionally. What I mean by that is where gas is cheap, electricity is cheap, and where gas is expensive, electricity is also expensive- it’s proportional.
That is true in most cases.
Damn, that's craaaaazy.
Aren't you including your house's overnight power usage too? It may not be too high in the fall, but in any case your charging costs look worse. Some EVSEs will track the power usage going to the car. Anyway, interesting video, enjoy the Rivians!
It took a year of data for the utility to get a baseline, and the charger has been installed for a year and eight months now which is why it took me so long to make this video. I had to give my charger information to the utility company. Including how many amps it pulls, they can see the 48 amp spike during those hours, and it matches the kwh data from my charger. Also, one thing that must of edited out is that I get charged $0.65 per kwh if I charge outside of that timeframe.
Thanks for the question!
In Washington State where there is a significant number of BEVs; the State has decided to charge $750 addition for BEVS to pay their share of road tax. Home charging has no road tax; so this is their way of making up for lost BEV road tax revenue - add that into your cost of charging equation as all states will be forced to do this if they have a significant number of BEVs.
I believe you meant $150 BEV road tax in Washington state. Most states have had this for years, including mine. That cost is recovered in one month through gas savings.
@@thedukeofmiddleville LOL. The Luddites sure try to bend the truth, don't they? $750 road tax in Washington, when it's actually $150. 🤣
I think I'm getting cost equivalent of over 100 MPG, because electricity can come from many different sources it can get cleaner and cheaper in future. I don't miss oil changes or gas stations, definitely don't miss timing belt change. I don't think there's anything corny about wanting to do better for other people with no vehicle emissions. If you think holding a door or saying hi to a stranger is stupid, you're probably too cool for school
It is pretty convenient to fill it up every week or so with Ice versions, EV requires more steps.
If you had a gas pump at your house would you still go to the gas station?
@@thedukeofmiddleville For half the cost I will go to the Gas station, you can own a used Gas car for less than half the cost.
@SarahStuff-p5u I can also move into a tent and live off the land instead of living in a house.
Fair warning: after Finland started to get electric grid renewables (wind/solar) and EV charging ready 15 years ago, the prices have hiked about 50%. Especially on Supply/grid related side of the elecricity bill the charges have skyrocketed (constant 2.8% increase on almost zero infation environment (but 2023)).
Part inflation and part capitalism (greed) at play.
I think you are making a mistake with cause and effect here.
Let's take one EV. The EV gets 3.5miles per kWH and you drive 15k miles a year. That is 4285 kWh for the year. That is equivalent to running an electric water heater about 3 hours per day.
Now, let's talk about the 800lb elephant in the room that no one seems to talk about. Computers. Data centers are pulling more power than most small towns. In the EU they are talking about building mini nuclear power plants just to feed data centers. Let's jump inside a data center :) In the data center, you have what is called a rack. In the rack are computers, or storage or networking equipment. Let's just use computers. A rack is ~20 inches wide. It is 42u high. A u is 1.75" tall. Depending on what is in the rack you can easily see 14kwH being consumed. Now, if you go with AI, you are currently at ~100 kWH per rack with the target being 200 kWH per rack. For our simple explanation, that 14kWH rack in less than 13 days uses more power than that EV does all year.
You may say, so what, there are more EVs than computers. Uhh. No. :( Facebook alone has over 50 million sq feet of data center space. One building I used to go into in Miami, had about 700k sq feet. In that area they had over 7,000 racks. Again, that is just one building in Miami. Using the 14 kWH per rack, that one rack uses the same as 28.6 cars per year in power. Now, make that 7,000 racks :) That one building is using as much as 200,312 EVs driving 15k miles per year. And that is JUST the rack, not the AC to keep it cool.
This is why I say that people are mistaking EV's being the issue, when an EV is tiny compared to what computers are pulling.
The overall cost of operating an EV so much lower than ICE. For that reason and many more I'll never go back.
The more people the realize this the more people will make the switch.
Thanks for commenting!
I figure the cost and compare my F150 Lightning to the ICE Silverado it replaced every month. My electric rate is about $.145. I average $.07 to $.09 per mile for electricity. My Silverado averaged 15 MPG - so that would be $.20-$.24 per mile depending on gas prices.
If I charge between 12:00 AM and 6:00 AM, with a demand pricing plan ( off peak times) , I pay about $ 0.01 per kWh. Yes, a penny per KWh over six charging hours. Guess when I have my Rivian and Tesla set to charge . Yep, overnight when I’m sleeping and don’t care.
That is awesome! The will have to give away gas to compete with that.
Thanks for sharing!
you would be shocked with what we in australia pay for power, just move the decimal point to the right 1 place.
you can generate your own electric to charge ev's,you cannot refine your own gasoline. Also cal. just passed $2.00 per gal gas tax.
You're absolutely right. That's why I'm installing solar next year!
Love your video!! We own the R1S and here in Washington State our electric cost at home is about $0.11 per Kwh. Also we just had our baby wrapped, it went from "Blue" to "Blue Lightning". Keep up the great videos Duke!
That is awesome!
You did not factor in the maintenance costs for the ICE vehicles.
Not in this video. I wanted to focus only on the gas versus electric cost savings for home charging in this video. I will make one covering maintenance in another video.
Thanks for commenting!
I think one of the big things is to consider how much you drive outside of the auspices of home charging. Run that math again at $.45-$.59/KWh and the savings swing the other way. I've never been able to justify an EV for those who drive 10K plus miles a year with 35%+ on public charging.
Now, if DC FC ever gets down to a national rate of $.30/KWh, the math always swings to EVs on pure fuel prices.
35 percent of superchargering is alot so those few people that would sure ev prolly not for you but around her the superchargers are .36 kw and gas is 3 gal still cheaper then gas, gas would need to be around 2.40ish for gas to start to pull ahead but again thats only if you supercharger alot
@ not really. My dad lives 550 miles away way. With highway driving it means that around 1000 miles is on supercharging. Add one vacation where you need 1500 miles of super charging (like the Midwest to the Outer banks) and it only takes a couple regional trips (like dropping off your kids at an away camp) to get there.
This is very much a region and culture dependent conversation. It’s also meant to high light where we need to get to for those with price sensitivity to make this more mass market.
I have taken a few 1500 mile plus road trips, and it cost me little more than filling with gas, but that additional cost is mad up in less than a month of charging at home. For example, a trip from St Louis to Destin Florida cost less than $100 in charging cost.
@@thedukeofmiddleville what are your DCFC rates? Ours in the Midwest and NY are $.56 for public and $.45 for the government authority ones. .45/2.6 is .173 per mile. .173 * 26 mpg (which is what my EV compares to for similar ICE cars) is a $4.50/gallon, and .59/2.6 is .226/mile, or $5.90 a gallon.
DC fast charging needs to be gas price/10 to always be more economical.
I’m glad it’s working out for you, for now. The cost advantage will continue to be whittled away over time, of course. Electric companies and the govt will get their money. Also, rivians have zero resale value, so I hope you leased.
You can get solar to hedge against electricity increases. There is no protection for gas price increases. As far as resale value is concerned, that can't be predicted into the future. Just a few years ago they were charging a premium for EVs. My 5 year old EV was reselling for just as much as I paid for it. People have very short memories.
Also what will a gas car be worth when most people switch to EVs? That question never gets asked.
It should be no surprise at all. If an EV has a 90kw battery and your utility is 0.15/kw, well do the math. It's appropriately the equivalent of $1.50 per gallon. If you have to use paid public charging, well good luck.
...and you're driving two big heavy and relatively inefficient EVs. We have a Chevy Bolt, which averaged 3.9 miles/kWh over the last 13,500 miles. Nearly twice as efficient as your Rivian. Imagine the saving if you could live with one big and one small EV for those round town journeys where you don't need a massive vehicle.
We pay a set 10c/kWh night or day, winter or summer - and we also have solar panels.
Yes, a more efficient smaller EV would save a lot more money. And solar could eliminate the cost.
Thanks for sharing!
@@thedukeofmiddleville Regarding solar panels, like an EV it's an investment that eventually pays for itself in cost savings, but will take years.
At this time of year we're not generating much due to cloudy skies, but every day we export a little, and then import again. With our net metering whatever we export comes off our bill.
If you live in an area where the price varies through the day/nigh cycle, you could use a battery system to store cheap electricity and sell it when the price is high, assuming your local electricity board allows that.
In a word…solar
This 100%!!
A through analysis would include total cost of ownership. You need to include things like insurance, tires, and vehicle depreciation.
That is way off base and really another analysis. But if you wanted to then we could include oil changes and so on. Evs still come out way ahead btw...
Those are good points, but those costs are typically the same whether you drive an EV or a gas vehicle.
I think if i understand correctly i just gotta tell my electric company that i have an electric vehicle charging and then i will get cheap rates on my electricity... as it stands my electric bill is no less then 100 bucks a month not charging am electric vehicle... seems it will be drastically cheaper if i say i do thanks fer the info...
They can tell by the electricity spike during the off-peak period and it takes a year to assess it to adjust the rates accordingly.
My commute via MARC and Metro, costs me $20 (round trip Frederick to DC). If I drive my PS1 or iX, it costs me $5. The only reason I take the
MARC and Metro, is so I don’t have to drive 270.
EPA ratings are irrelevant. Here’s what matters. First, your true power cost is the total electric $$ divided by the consumption in kWh. If you can break out your charging kWh then it’s easier. The sum of that divides into your total miles driven for the period.
In my case, my power cost is 18.9c per kWh. Since I have an Emporia Vue power monitor installed I know exactly what every circuit in my house is using so I know exactly how much I’ve used to charge (my Emporia charger app also tells me). So my total power cost per mile to drive my EV6 is 4.1c. Compared to my wife’s Prius at 6c per mile, and my Nissan Frontier at 21.4c per mile.
Just saying, wow, I spend $79 a month to charge means nothing. Some people spend $60 a week on gas.
That is some very detailed information, thank you for sharing!
Where did your $0.138/kWh come from? Our electric bill in my part of the country doesn't break things down- it's a flat rate. So maybe it's lack of familiarity, but I don't see anything greater than $.068/kWh on your bill (that's the number before the discount). Just trying to understand.
@@bruhnvh That came from the total bill including all of the taxes which not in the video. Total cost ÷ kwhs is how I came up with price per Kwh.
Your rates in San Francisco area a bit outdated. its $0.32 to $0.70 depending on the plan and time of day. Im also in California and only pay $0.11 per kwh. Its a community owned electric utility.
Electric rates are definitely all over the place!
My Tesla Model 3 can travel about 4 miles per kWh so a heavy commuter could even save more driving the right EV.
M3 LR RWD here. Over first 2200 miles of ownership averaging about 4.91 miles/kW AND 20.3 KW/100 miles.
The excessive cost up front for the EV will NEVER overcome the fuel cost savings. On top of the depreciation of the EV further wrecks whatever savings you imagine you are racking up. But hey you "feel" good about it, right?
@@TxChristopher Excessive cost compared to what vehicles? What gas vehicle would you compare a Rivian R1T to for example?
My wife can put 200 miles of range on her Genesis GV60 for $2. Yes just $2.
That is awesome! You can't do that with gas, and I bet the ownership experience is much as well. Thanks for sharing!
I like EVs but when the Ev is 30 to 40 thousand more than the gas equivalent. It seems like the gas vehicle is still winning.
The EVs are 30k 40k total. Not 30k 40k more. What are you comparing?
So say you're paying $150 more each month for gas, that's a total of $1800 more a year. Over 5 years thats $9000 more for gas. Now, how much more is a Rivian than a regular car? Looks like the standard truck is $70k (minimum) up to $100k. The average midsize truck is probably around $47k with decent options. So the up front difference is going to be more than $20k. That's loosely still $11k in the hole fore Rivian with the cheapest model after 5 years
The Rivian R1T is not a regular truck. It's 835hp and 900ft lbs of torque. The closest is the Ford Raptor R which is about $120k, and the R1T still smokes it.
Not to mention a gas vehicle can be repaired doesn't go thru tires or brakes nearly as fast either... oh and the batteries on the ev junking the bed thru repeatedly charging... you can easily keep a gas vehicle 10yrs even in the salt belt I'm guessing 8 years max with the ev batteries not to mention the havoc cold and salt potentially play to a ev...
So I'm an EV guy and I love this comparison, but I feel you have to factor in another variable that the ICE diehards will throw at you and that is factoring in the costs of installing the EVSE at your home. Between purchasing the device, and getting the electrical connectivity to run it. I assume you would need to use like the 3 to 5 year ownership costs of the ICE vehicle fuel prices compared to that period of electrical use + the upfront costs of the infrastructure to your home for charging.
I don't factor that in because it adds to the value of the house. I installed the charger myself for less than $1000.00, and I received a $400 tax credit. As such, I received a ROI in less than six months. Also, new homes in Illinois are required to have a EV capable parking space per unit. Therefore, any home that is not wired for a EV will be less desirable than a home that is wired for it. The same goes for solar panels.
I made up the cost of installation of my first home charger literally in 3 months by not buying gas.
@@thedukeofmiddleville interesting take on it being more of a house value proposition.
HP and performance are meaningless when trying to find comparison vehicles. Why? Simple: Regardless of how much HP or how fast a vehicle can get from 0-60, the vast majority of people don't ever drive their vehicles anywhere near its maximum potential. This is true for all vehicles. The roads aren't a racectrack. So to compare based upon HP or performance capabilities is essentially meaningless. That said, the R1S compares very closely to a Jeep Grand Cherokee L. Those two vehicles are essentially the same size and have very similar capabilities, air suspension, etc.
The Jeep Grand Cherokee can't off-road like the R1S, and its quicker and has more hp than the Jeep Trackhawk which cost more than a R1S, and is more expensive to insure, and is inferior to the R1S in every meaningful way including driving range.
@thedukeofmiddleville The Grand Cherokee is superior to an R1S off-road. I own a Grand Cherokee Trailhawk. We've had an R1S try to off-road with us, but he wasn't able to keep up. Your ignorance about Grand Cherokees just helps prove my point. Jeep put several Grand Cherokees through the entire Rubicon Trail with zero damage to the vehicle, so to say anything negative about the capability of Grand Cherokee just tells me that you are clueless.
@thedukeofmiddleville Driving range? Again, you are clueless. My Grand Cherokee has a theoretical range of more than 600 miles on one tank of fuel. Do the math on the gas tank size and the fuel economy. On mine, with all-terrain tires and loaded with extra weight in the form of gear, I still can go 500+ miles on one tank of fuel. No Rivian on the planet can even come close to that kind of range on a highway road trip. Facts matter.
@@Japplesnap I'm not comparing a Jeep Grand Cherokee that only has 293 hp and 260 ft lbs of torque to a R1S. That's 542 hp an 648 ft lbs of torque less than a R1S. Plus the Grand Cherokee is not an off-road vehicle which the R1S is. That's why I compared it to the Trackhawk or the Durango Hellcat which neither can off-road.
@thedukeofmiddleville Newsflash for you since you are ignorant. Grand Cherokee Trailhawk is an off-road vehicle. And even with the smaller V6 engine, it puts more torque to the ground than an R1S quad motor. It has this thing called a transfer case. This greatly multiplies the engine torque. So even a V6 Grand Cherokee Trailhawk puts more torque to the wheels than any R1S is capable of. Again, facts matter. You should research this stuff to avoid showing your ignorance.
The amount of money i saved by not buying a $100k Rivian will buy me decades of gas. Now imagine buying two Rivians. I'll probably never spend that much money on gas in my entire life. Anyone who buys an expensive EV like a Rivian to save money on gas is fooling himself. Your savings on gas will take decades to even out with your expensive vehicle purchase.
I don't see any logic in your point. I bought a Rivian because its the most versatile vehicle on the planet, not to save money. The ability to be able to charge at home is more valuable than the savings that come with it, and even more so the freedom to produce my own energy to power my vehicle is the biggest value proposition for me.
@thedukeofmiddleville That's great, but this video is about comparing gas costs to charging costs. And I made my point very clearly, but I'll say it again---if someone is buying an expensive EV to save money on gas, that's not smart at all. I could buy gas for 10 years and never spend nearly the cost of a new Rivian.
@@Japplesnap You can save even more if you just walk instead of buying a car.
@@thedukeofmiddleville Don't look now, but you were the one who created a video about comparing the cost of charging to the cost of buying gas. The value proposition just isn't there. But you do you.
How is electric produced... compared to coal or gas power plants nuclear doesn't produce as much... saving the environment??? Yet the cost of coal fer heating my home has more then doubled worsening my poverty... so how much are electric vehicles really helping the world??? Til all our power is nuclear electric vehicles are a scam imo...
Well I didn't buy an EV to save the environment. I bought an EV because they are superior to gas cars performance wise. So, please explain to me how a higher performance car is a scam?
If you are not a BOT (which I believe you are) check out this video to find out why I bought an EV: ua-cam.com/video/I_LcgwS4U_Y/v-deo.html
You don't save money driving an EV even if you have free ev charging at work etc.
Insurance cost and tires replacement is way higher for EV compared to ICE and you also pay lots upfront buying an EV compared to an equivalent ICE vehicle
The insurance cost and tire replacement is for EVs is overexaggerated. In addition, no oil changes, no brake changes, no trips to the gas station, no engine maintenance, .etc. I have own ICE vehicles for almost 40 years and EVs for over 13 years, and I have spent way more on maintenance on our Mazda CX-9 than our four EVs combined. Plus, my insurance just dropped by a good amount recently as it did with my first EV back in 2011. So, in short, based on my experience I have saved a lot of money, and even more than that is the superior driving experience alone is worth more to me than any cost saving.
Thanks for you comment.
That's not really true. The F150 Lightning costs about the same as the ice F150 to insure.
My 21 Mach E GT is cheaper to insure than my old 22 Chevy Blazer.
@@thegreatempire3882 When compared the insurance cost of the Rivian R1S and the Dodge Durango SRT, the Dodge was a lot more expensive to insure along with other comparably price vehicles. This is just more misinformation from the anti-energy independence group.
Completely false information, not sure how you made this up ..
Thank you for engaging with the video even if it's wrong information.
first let me thank your sister in law for her service, I also am a product of redstone arsenal. Now for the question. You are a prolific advocate of EV's. Would you be interested in putting your own money and assets at risk by building a 4-8 "pump" ev station and convivence store? you could sell your house, car, assets and come to the Huntsville area and build a stand alone EV station like the other regular gas station quick marts here that sell gas and sell cokes and chips. A prime location would be on I 65 between huntsville and Nashville or Hunstville and Birmingham. If you really believe in this why would you not make a change, take out a loan and become a business owner like me. It is easy to be a cheerleader on someone elses dime. I had to risk it all to become a stand alone builder. Are you willing to put your money behind something you believe in?
I'm a advocate for energy independence. I would like people to understand that they can produce their own fuel for their homes and cars with solar panels so they won't have to rely on gas stations or EV charging stations to fuel their vehicle.
I'm not interested in going into the convivence store business, but you will start to see businesses installing charging stations to draw in customers, and even provide charging at rates lower than what they can get at home. This is already happening just like the free charger at the hotel and the free Rivian charger at the Wing Stop.
It cost me money and time to make these videos, and I own two EVs so I'm already putting my money and time into something that will benefit others
Thank you for commenting and your kind words.
@@thedukeofmiddleville I have wanted to go total solar since I graduated from Auburn engineering 40 years ago. every few years I look at my system design, costs and current regulations to see if it can be done with a safe bet on payback and it never adds up. The two big obstacles are battery life and cost and panel degradation which no one talks about. As for EV it may one day be ready but it is not now. You recently took a road trip to Huntsville, about two years ago they had rolling blackouts because TVA could not produce enough electricity in the summer even though they control the entire Tennessee river hydroelectric dam system, all the nuclear power plants and one pumped storage facility at Racoon Mountain. That is just the inability to generate enough power for what we have now not accounting for additional load of EV vehicles, oh and to put much more vehicle on the road THIS YEAR, we will need to upgrade the national energy grid just to handle the load, maybe 3-4 trillion dollars. I will be the first one to buy a jestons speedster when it is finally ready and proven, ev's are not yet
@JeffCrow-sy5ui Can't Pump Gas when the power is out either. I know people that charge just fine with solar. The higher the electrical load the faster the ROI. Also, greater electricity demand means more profit opportunities for power companies and the free market will take care of the rest of it.