Fellow New Jerseyan here (from Toms River). I have a 2020 F150 Lariat with the 3.5 and drive all local. Very little highway other than occasional road trips. I average 14-15 mpg (like your Raptor’s mpg). Toms River/Ocean county is all stop and go. Which is why I’m so anxious to convert my reservation to an order. Reserved 5/20/21. Just couldn’t afford a Lariat when the email came a few months ago. Fantastic, insightful video. Thank you, Tom
Here in Georgia I use Cobb emc and pay 8 cents per kW flat rate. They also have a plan where if you charge off peak you can get 400kw a month for free. The value proposition here is insane.
~30 miles of electric driving cost me dollar on my Chevy Volt. That was around 10 kwh of energy at 9 cents per KWH. My truck uses about 2.2 gallons of gas or more for the same distance. That was over $8 for 30 miles when gas prices were high and over $5 when gas was cheap.
@@racekar80 New England has the highest electricity rates, with maybe Alaska being the exception. MA is 33 cents. All because our states refused decades ago to build a nuclear power plant to generate electricity.
Another well thought out & well done video from Tom. We are in the central coast area of CA & our cost of electricity is peak $0.42/kwh, (4-9 pm M-F, 5-8 pm S & S), part peak is $0.37, off peak $0.30/kwh (10:00 pm-2:00 pm M-F). We solar generate power & do all our charging off-peak. We try to charge only when we are making excess power using chagrin instead of going to the grid. We have a Bolt(2017) & a new R1T Rivian.
Thank you Tom for an excellent comparative review. It clarified a lot of my questions. It also cleared up a misconception that by the minute charging was more expensive when I now see that it is not.
StuatBB...........That was what Germany said. Just what you said. Then they went "communist green" and now electricity is outrageously priced in germany they keep having black outs. Your a grown person and have the RIGHT to do what you want but i am still going to say it anyways. Like 60 to 70% of the electric in the USA is made by burning coal/natural gas/petroleum/fossil fuels. Don't burn coal so you can make electric to drive an electric car. Care a little bit about the environment AND THE COUNTRY . China is buying up ALL the cobalt mines and potassium mines and these metals are REQUIRED for electric vehicles. Right now they own like 70% of the cobalt mines and most of the potassium mines are in china. If everyone goes "communist green" then china can shut down ALL our electric vehicles when ever they want cause they control the metals needed to make the batteries. Plus If everyone gets an electric car and charges them all the time the only thing that will happen is the electric grids will all be overused which will cause a LOT of black outs. Cause with out electric cars the electric grids in this country already can BARELY keep running cause it is to much strain on the grid.
Excellent video! You clearly demonstrate the increased cost/benefit of owning an EV. Now just imagine if you had solar panels on your roof; the costs would be much lower for many of us in the southwest and California. Of course, you have to factor in the amortization of the panels, but those costs are spread across the entire power usage for the house or business. Thanks for all the work you put into this video. I am sharing it with all I know who are considering buying an EV.
I first I was gonna make a critique about the impracticality of putting solar panels on a car's roof, considering the amount of energy cars use, until I realized you meant _building_ roofs. 😋
the biggest problem w/ evs and solar, is that you use the car during the day, and charge at night. No solar production during the week. When I get home from work I have about 1.5 hrs of some solar coming in, so I plug it in, and use my phone to stop charging the tesla by 6:30. Then I schedule it to charge after 11pm and make sure it's fully charged before 8am. I charge on the weekends during 11am and 4pm when my solar is outputting 6kw so that's free, but the whole netzero without huge battery banks isn't a reality any time soon. If I had a solar system at my business and I could plugin there, it would be a different situation. Other than this I'm charging at superchargers (free) and am at .25 kwh after 11pm.
@@eastmanresearch3143 Thank you for sharing your use case, and as you have laid out here, you are correct that solar is not much of a plus. But with so many people no longer working full time at an office and instead working at home or retired, solar indeed does provide advantages not available to those that work outside their home.
@@eastmanresearch3143 Net metering for solar fixes this. Daily home generation goes to the grid, get credits from utility (hopefully many at peak rates), charge EV at home at night (at lower off-peak rate) when grid demand is low... come out ahead. Some states do not have net metering (shame!)... batteries won't help, as the car is much bigger battery by order of magnitude :) W/ covid and working from home, I am actually charging now at home instead of overnight, and at reduced 4KW power to match my solar (if I have time), for full green&clean charging... no grid impact at all! (also do the same, charge fully on weekend days if home) The ideal solution would be much more workplace EV charging, hopefully free/cheap, as the grid has a glut of cheap solar power (see duck curve)... that would reduce the glut, help stabilize prices, and also reduce "baseline" load at night.
Once again, excellent video that covers many questions new lightning owners have. I would like to have seen a little blip of what the maintenance cost, oil changes, filters, spark plugs, fuel filters on a 100,000 miles of a raptor versus the Lightning. I'm expecting mine in two weeks and am anxious to see what maintenance is required in the lightning. Currently I'm driving a F250 diesel and doing it myself every 6-8k miles with the fuel filters, oil filters and oil it's over $125
maintenance is not mentioned because it really is not a large factor. Most new vehicles are on a 10k mile service interval, so at your cost, you are looking at 1250 over 100k, or 1.25cents/mile. Even if you doubled that, you are talking less than 3cents per mile. That is a very small amount compared to the price of fuel.
I drive a Leaf, 10k/year. In 2 years, only quick charged 5 times. So I spend $15-20 per month to fuel my car. I'm saving $120+ a month vs equivalent gas car
Great video. I had a thought about the people who complain about time spent charging. If you could invest some time to save/keep a substantial amount of money as shown in your video, then what is the argument against EV charging times really about? I’d love to see this same type of video on savings connected to “time spent” charging. Home charging would again be a no brainier. But even those who rely on public stations still stand to benefit. It’s all about the prospective.
North Dakotan here. Our electricity is so cheap because we're a net energy exporter. Much of our state pays even less than 10 cents / kwh. Don't see a lot of EV's here though. The winters are so brutal to the point of frozen solid lead acid batteries... I don't know that lithium chemistry would hold up at all, even with the ability to keep them warm. Great content, I love your channel!!!
Thank you. The range will suffer in the severe cold, but I do know people up in Edmonton, Alberta and Thunder Bay, Ontario with EVs and they are fine. The battery cells are OK in the cold but it does help to leave it plugged in overnight so the battery warming system is working.
@@miketdarnell ev batteries are recommended to be replaced when they drop to 80% charge. Tesla drivers are reporting a 5% drop after 100,000 miles. Tesla says the batteries should hold to 80% to about 350,000-400,000 miles and current data supports this. So....400k miles, yes. 450k miles? Possibly. But the average ice car doesn't last 450k miles either.
@Tron Jockey One fee that will be more with an EV is property tax. You can buy a $25,000 car, or a $45,000 EV. With a mil rate of 30 (pay $30 per $1,000 assessed), you're paying $600 more in property taxes the first year with the EV (as the assessment goes down, the difference would become less over the years).
Thanks for the great analysis. Please send this video to all the members of Congress fighting EV adoption. BTW, the average price for regular gas in Hawaii is $5.31. This also doesn't account for the $3000+ in oil changes you need over the 100k miles or fewer brake pad changes thanks to regen braking. I'd love to see a full cost of ownership video.
@@shortyorc121 Agreed. When EVs finally go mainstream the government will put an extra tax on the vehicle AND an extra tax on electric power to offset all the revenue (taxes) lost when paying at the pump. Fuel prices are up because the government wants them to be. Enticing buyers with a "cheaper than gas alternative." Then when they got you here come the taxes and fees! Have fun while it lasts because Uncle Sam and the Democrat Party are coming for your wallet soon.
Excellent report, I've been looking for this info since I first heard of the lightning truck, thank-you for the hard work. Prices are different up here in Canada but I can convert your stuff to match.
Great video! I live in California, I have solar with a 0 true up per year, and I have a Model 3 SR+. I’m on a TOU plan. Off peak is $.34/kWh and peak is $.51/kWh and this is increasing in Jan. 2023! We charge mostly at my wife’s ChargePoint network ($.20/kWh). It’s still much cheaper to use my EV than our Toyota Sienna that averages about 17 mpg (city) and 22 (highway).
All power companies in NJ have discounted rates for charging EV’s. The number demonstrated here is if you didn’t apply for the EV program that the state offers through the utility companies. JCPL is offering $0.02 per KWh during off peak hours. You do have to install a smart charger with wifi and give the power company access to monitor your charging. That way they can discount the account as needed. This program is set to end in 2026, so it’s a great idea to start thinking about solar by that time frame. Great video! Love my F150 lightning as well! As a former gasoline truck owner, I will say that I am saving $350 per month in not buying fuel. I drive a lot and use my truck to do actual truck work.
When you calculate charge cost per KWh, did you include the delivery charge? Because with every bill you also pay delivery charge for the KWh you used. Thus will change the numbers considerably.
This is a really good video, something that might make it more representative to each state would to use the price of gas in that area. Like right now mid grade in HI $5.56, ND $4.21 and NJ $4.99. So for the area the savings may be even greater. Great data, Tom. That had to be a lot of work.
The EPA range rating from every video I have seen it does not get that much. Avg is 2.2 miles a KWH and extended battery is 131 KWH =288 miles a change. His math is incorrect
That relatively easy to compare. Example: if you're paying $.12/kwh and you're averaging 2 miles per kwh then it's costing $.06/mile or $6 per 100 miles. Averaging 2.4 mpk you're paying $.05/mile or $5 per 100 miles. That's an equivalent to 100 mpg if gas costs $5/gallon.
@@robertpatterson3106 Even at that you're paying less than $.06/mile when your paying $.12/kwh. That's $6 to drive 100 miles. At $6/gal for gas that's equivalent of 100 mpg. And that's with little to no maintenance. Occasional tire rotation.
@@pstoneking3418 first gas isn’t 5 a gallon. See you are doing it too. Making Or trying too make EV more efficient then they are. But assume your 5 dollar a gallon and you are getting 20 miles a gallon. That is 25 cent a mile. Point they are not much more efficient, if you figure the correct gas price.
Tom fabulous analysis. Electric is even better than your analysis, not only for the reduced cost of maintenance that others have pointed out, but because the epa estimates for gasoline vehicles have a built in 3% error. That error is due to the overwhelming prevalence of ethanol in gasoline. Ethanol has 1/3 less btu content than gasoline, so use 10% ethanol fuel and you have a 3% lower fuel mileage. Take the 23 gpm you used in your comparison and lower it by 3% and the real mileage estimate for that hybrid f150 is actually closer to 22 mpg. And if they continue increasing ethanol to 15%, it only gets worse!
If you want proof of negative impact of ethanol- look to epa site, where on standard Ford F-150 they posted fuel economy of both 100% gasoline and E15. Fuel economy drops from 20 mpg to 15!
What this doesn't take into account, is where electricity is really pricey (like Hawaii), gas is also pricier. So, while Hawaii looks expensive to charge, it would be even MORE expensive for gas. Still, this is a brilliant breakdown of costs
I know it's an old video, but it helped me decide on the f150 lightning, ty Tom. My cybertruck order would be late arrival I am sure, so i am taking advantage of the f150 lighting price cuts. Thanks again, nice and detailed, clear job and preparation and presentation.
I looked into time of use in Illinois. Cost would only drop what I'm paying now by 3 cents per kWh. If you used any electricity during peak hours it cost 10 cents more per kWh. You are forced to sign up for minimum of 1 year because they have to change out your meter. I believe the only way time of use would be beneficial would be to have a separate service that was only used to charge your EV. If your home is on time of use you will be using some peak hours and your bills could be doubled. Having a separate service you'll also have another delivery charge and taxes on that separate service.
Great video !! Just FYI my model Y has gotten me avg KWh per mile of 2.6kw. That’s over 2 years and 32,000 miles and I live in NNJ. So I thought you would like this info as this includes Winter driving Summer city and Hyway in NJ/NY. Just thought this would be helpful. You’ve answered so many questions that I have regarding public charging as like you I charge at home. Many thanks
The Lightning looks like a tight fit in your garage. I have a total of 3" of extra room for my Lightning in my garage. But worth it to keep it looking just a bit better than rotting out in the sun all day.
@@StateOfChargeWithTomMoloughney must have been the camera angle than that made it look tighter. I didn’t think mine would fit but I’m glad I tried. I have to be careful backing it it, but it’s not too bad.
Did the cals for me here in BC. Gas currently is $1.75/L here, and over next 8 years gonna use an avg of $2. Gas - $40,000 for 160,000kms Elec - $8k if all done at home. $11k if charged 85% at home and 15% at DCFC. Thats a $30k savings over 8 years. And in canada, the Flash trim '24's are basically at price parity with SIMILARLY EQUIPPED gas f150 XLTs
Great video. This is what I was afraid would happen with the charging infrastructure in America. After watching another UA-camr “TeslaBjorn” vacation in his native country in Asia, It was striking how much of a “Wild West” charging setup existed there. Every two-bit, shady company with a dream had a charging pylon and app. They wanted your personal info and credit card before charging. It reminded me of a few years back when unknown atm machines were outside gas stations and convenience stores everywhere. I really hope America keeps the grift out and installs a Tesla like infrastructure where you just tap-n-go.
I have 255k miles on my current f150. That’s about 30 oil changes so far, that will be a savings of $2500 over my current driving life of the vehicle and counting .
Good comparison video. A full analysis should include purchase price and maintenance costs. Also, many states are not including road taxes in charging EV’s as they are on gasoline. Plus, the Federal taxes on gasoline will be imposed on charging EV’s once EV’s become the main form of transportation. Not certain how this will be done, but it will be done. So the cost savings in fueling an EV may not be as great as present day pricing. I think EV’s are a good way to go and will definitely consider one when I need to replace our present vehicles. I would like to buy a Ford Lightning. My son has an F-150 ICE and it is quiet and has a comfortable ride. Thanks again.
In Michigan I have the option for dynamic pricing. Off peak 11pm to 7am and all weekend is 4.8 cents/kWh, Mid Peak 7am to 3pm 9.2 cents/kWh and Peak 16.6 cents/kWh. I have my car set to favor Off peak and Mid Peak and never charge during peak hours unless I override the settings.
Did you try unplugging the F150 after the 5-8 minutes of top charge rate then wait a minute and plug in again to see if you get another fast 5-8? From my limited knowledge of EV batteries my understanding is that charging rate should be governed by the batteries internal temperature. Could it be that the curve seen for the F150 is Ford's extrapolation of time since session initiation to avoid overheating. Does Tesla, and possibly others, monitor actual battery temperature and moderate charge rate to match optimal charging temperature? I've just started following your videos and each has not disappointed.
In Florida, I pay only $0.12/kWh so when adding about 300 mi to a Tesla it only costs about $8. In comparison to friends paying over $60 to fill their tank, EVs are welcome bargain. When at a second home up north, the condominium provides free charging. If looking for an apartment, do some shopping because many of the premium ones offer free EV charging.
And there's one more complication. In Arkansas, we pay $.12 / kw hour, but as an electric vehicle owner, if I charge between 12AM and 5AM I get the first 400 KW hours for $.05.
Excellent video Tom. My Anitmatter Blue Lariat ER is scheduled to start the build this week so I'm hopefully only a month away from driving it! My rate in Western PA is 0.13/kwh so I'll have a similar cost to what you have if you didn't use solar. i have a question about QMerit. It appears to me that they don't do any installations but contract it out to local electrical firms. I'm concerned with the language of their 'Terms of Service' which are essentially a 'hold harmless' declaration. I would appreciate your insight since they sponsor your channel.
Qmerit is a network of pre-vetted electrical contractor firms, so you are correct in that regard. They have strict rules on how the contractors perform the work and pricing guidelines for consistency. They also gather feedback from customers and if a firm gets a lot of complaints, Qmerit drops them from their network. I don't really know about hold harmless declaration, but I suppose they are saying the individual firm that does the work is the liable party if there is a legal matter, but I will ask them to clarify on our next call.
I was under the impression that NJ PSE&G charges a delivery charge per kWH, perhaps around 6 cents per kWH? I wonder if the 15 cents per kWH in this analysis includes that??
As a point of reference, Motley Fool says the average price to purchase a home in North Dakota is $282,400 in 2022. I love this. Plus we all know fuel economy declines with use, so the gas models are not getting 15 or 24 mpg at 90k-100k as it was during 10k-20k. This also didn't include the cost of oil every 3k-5k, which is eliminated with EV.
My Volvo 244 makes the most sense. Gets me from Point A to Point B. A few minutes at the gas pump and I'm good for 250 miles. Oil change twice a year. 40 years old and still going strong. I smile from ear to ear motoring in my $3,000 automobile. If I want to go somewhere fast, my son flies me in his private airplane. Cars are appliances, no more. Nothing to get excited about.
I've written a small program that calculates MPGe using 3 values. Charge per kWh Average Miles per kWh Cost of gallon of fuel Charge per kWh ÷ Average Miles per kWh = cost to drive a mile Cost of gallon of fuel ÷ cost to drive a mile = MPGe So many people have asked me the efficiency of the lightning compared to their trucks. That gets too complicated because you'd need their miles per gallon too. So instead of going there, I decided to show them what the comparison would be As these 3 major values vary. MPGe = how much you're paying per kWh divided by the miles you can drive on 1 kWh of power then divide that value into the price of 1 gallon of gasoline.
Energy cost is 6.5 cents/kwh here in Las Vegas at night. To charge two teslas it costs about $65/month. Gas equivalent will cost $500/mon for teo suv's
Just for the record, that .26 in California is the base price. If you use a little for things such as car charging, it quickly accelerates over .40/kwh in Northern California.
I have 13 kw of solar panels and unless I get several really cloudy days I don't pay for any electricity. To get true cost per kWh a person needs to take their monthly electric bill and divide it by that months kWh used. So month to month kWh costs will vary month to month. It's not linear because you have some set electric bill charges and some monthly tax charges that tend to vary. Since I run mainly off solar my electric bill is usually around $30 / month. Half that costs are deliver charges. Occasionally in the summer my bill might be $15 even though I used 0 kWh that month. I've found the more kWh I use in a month the cheaper per kWh are. Of course my bill goes up some but my cost per kWh goes down. I've seen as low as $.05/kWh in the winter when I use the most electricity and also when my rates are lower. Yes I'll be charging my lightning from my solar whenever possible once I take delivery.
It definitely won't be less expensive with the bolt because it charges so slowly. Cost per minute will benefit the cars that have a high DC fast charge rate
I live in Manitoba Canada. I just got an f150 lightning. We pay here 7 cents/kwh after you factor currency exchange. Not sure if solar pays for us seeing as how cheep electricity is. We also do not have price changes depending on time of day.
Nice Review. I don't quite understand how EA can afford to charge so much less by the minute. Does the $0.24/min apply everywhere they charge by the minute?
Great video! We bought a Model Y to replace a vehicle that had 18mpg. Compared to that vehicle we're saving ~$350/month. If you factor that savings into cost of ownership, the Y has been extremely affordable!
Factor the insurance too. My Model S is 9 years old is still $175/mo for insurance, that wipes out a lot of the savings vs. a regular ICE vehicle (e.g. honda odyssey is about $80/month for full coverage) in terms of the gas savings. I would not even consider buying an Tesla without the free lifetime supercharging - you aren't going to really save much at all these days if living in CA. IN Georgia, off peak is .01c kWH due to lots of nuclear capacity. Cheapest quote I had from Tesla insurance for two drivers was $158 and had huge deductibles. Once I added a third driver, we were near $200 month on a 9 year old car.
Great review. Helped me make the decision to go solar. My current 2021 F150 Hybrid 4wd gets on average about 19.5 MPG where I live in the country in Wisconsin. My Lightning comes next month. So I am going to save about $2000 yr at 20,000 miles a year. And if we cut our home electricity usage, as mom-in-law and kids move out, then will cost even less as my solar array in the pasture will do some of the charging then. How bout them beans?!
I have a Nissan Leaf and have a ER F150 Lighting coming soon. I'm planning to replace my chargepoint 32 amp charger with the 80 amp Charge Station Pro. I'm having a hard time finding an adapter that will allow me to connect it to the Leaf J1772 port . Do you know of any?
Another universal and I think simpler, way is to mimic how we think about the cost of driving ICE vehicles which use MPG. Just use MPkWh that a vehicle actually gets and multiply by the rate you pay for electricity. As the video makes clear, range is a separate issue as are battery size and charging rate.
Tom, if you were unable to home charge, do you advocate DCFC or does it damage the battery too much when it’s the only means for charging? I wonder if Ford or Tesla can void 8 yr battery warranty when all charging is via DCFC.
The warranty is in place regardless of how you charge it. DC fast charging will cause slightly faster battery degradation, but it's not THAT much. People worry too much about DC fast charging issues, IMO.
Tom it's nice to see the comparisons of the electric rates, but here in NY you also have to add the delivery charges if you change at home. That can cost at least one and a half more per khr so here in NY it may still be cheaper but not by much
According to Gas Buddy, average US price for gas is $3.88 and in Hawaii $5.24. Taking that into account, the Raptor 100,000 miles in gas in Hawaii would be $34,900, more than double the electric price of $16,750.
I have a 2004 F150 Lariat making it 18 years old and no plans to replace it. I do also have a 23-year-old petrol car that gets 30 mpg if I want to economize. Will an electric truck battery last this long or will I need to buy a $20,000 battery or a $100,000 truck in 10 years?
The battery will last 22 years, but it will have degraded, so the driving range will be much less. You'll probably want to consider replacing the battery at around 300,000 miles, because the range at that point may only be 150 miles or so. It's hard to say exactly how much the battery will cost in the future because battery prices are dropping dramatically each year - by about 8% on average. The good news is after driving on electric 4 300,000 miles you will have saved much more money on fuel than what the battery will cost and you'll still be way ahead of the game. Plus, by then the new battery that you replace the old one with will probably take the lightning 500 to 600 miles per charge, as energy density continues to improve.
Just turned on my solar this week. I'm so happy to be driving my car around on sun power now.
Fellow New Jerseyan here (from Toms River). I have a 2020 F150 Lariat with the 3.5 and drive all local. Very little highway other than occasional road trips. I average 14-15 mpg (like your Raptor’s mpg). Toms River/Ocean county is all stop and go. Which is why I’m so anxious to convert my reservation to an order. Reserved 5/20/21. Just couldn’t afford a Lariat when the email came a few months ago. Fantastic, insightful video. Thank you, Tom
Here in Georgia I use Cobb emc and pay 8 cents per kW flat rate. They also have a plan where if you charge off peak you can get 400kw a month for free. The value proposition here is insane.
I've been wondering... that F-150 barely fits in the garage! LOL. Thanks for all the hard work, Tom!
First thing I noticed too - good thing it's an automatic door 'cause he'd have no way to open it from the inside!
Very thorough breakdown and explained well, great job!
Awesome job breaking down the numbers Tom‼️
~30 miles of electric driving cost me dollar on my Chevy Volt. That was around 10 kwh of energy at 9 cents per KWH. My truck uses about 2.2 gallons of gas or more for the same distance. That was over $8 for 30 miles when gas prices were high and over $5 when gas was cheap.
I love my Volt but I'm going to sell it to my wife so I can buy a Lightning. (I'll give her an alright price 🤣)
9 cents a KWH! That fantastic, my utility charges about 22 cents, I have to move out of corrupt NY.
PHEVs make much more sense to me
So a minimum of 500% more
@@racekar80 New England has the highest electricity rates, with maybe Alaska being the exception. MA is 33 cents. All because our states refused decades ago to build a nuclear power plant to generate electricity.
Thanks for doing all that research. That is a a good argument to switch to an EV truck vs a gas truck.
Another well thought out & well done video from Tom. We are in the central coast area of CA & our cost of electricity is peak $0.42/kwh, (4-9 pm M-F, 5-8 pm S & S), part peak is $0.37, off peak $0.30/kwh (10:00 pm-2:00 pm M-F). We solar generate power & do all our charging off-peak. We try to charge only when we are making excess power using chagrin instead of going to the grid. We have a Bolt(2017) & a new R1T Rivian.
Thank you Tom for an excellent comparative review. It clarified a lot of my questions. It also cleared up a misconception that by the minute charging was more expensive when I now see that it is not.
StuatBB...........That was what Germany said. Just what you said. Then they went "communist green" and now electricity is outrageously priced in germany they keep having black outs. Your a grown person and have the RIGHT to do what you want but i am still going to say it anyways. Like 60 to 70% of the electric in the USA is made by burning coal/natural gas/petroleum/fossil fuels. Don't burn coal so you can make electric to drive an electric car. Care a little bit about the environment AND THE COUNTRY . China is buying up ALL the cobalt mines and potassium mines and these metals are REQUIRED for electric vehicles. Right now they own like 70% of the cobalt mines and most of the potassium mines are in china. If everyone goes "communist green" then china can shut down ALL our electric vehicles when ever they want cause they control the metals needed to make the batteries. Plus If everyone gets an electric car and charges them all the time the only thing that will happen is the electric grids will all be overused which will cause a LOT of black outs. Cause with out electric cars the electric grids in this country already can BARELY keep running cause it is to much strain on the grid.
Excellent video! You clearly demonstrate the increased cost/benefit of owning an EV. Now just imagine if you had solar panels on your roof; the costs would be much lower for many of us in the southwest and California. Of course, you have to factor in the amortization of the panels, but those costs are spread across the entire power usage for the house or business. Thanks for all the work you put into this video. I am sharing it with all I know who are considering buying an EV.
I first I was gonna make a critique about the impracticality of putting solar panels on a car's roof, considering the amount of energy cars use, until I realized you meant _building_ roofs. 😋
Now imagine the cost of PAYING for those solar panels 🙄
the biggest problem w/ evs and solar, is that you use the car during the day, and charge at night. No solar production during the week. When I get home from work I have about 1.5 hrs of some solar coming in, so I plug it in, and use my phone to stop charging the tesla by 6:30. Then I schedule it to charge after 11pm and make sure it's fully charged before 8am. I charge on the weekends during 11am and 4pm when my solar is outputting 6kw so that's free, but the whole netzero without huge battery banks isn't a reality any time soon. If I had a solar system at my business and I could plugin there, it would be a different situation. Other than this I'm charging at superchargers (free) and am at .25 kwh after 11pm.
@@eastmanresearch3143 Thank you for sharing your use case, and as you have laid out here, you are correct that solar is not much of a plus. But with so many people no longer working full time at an office and instead working at home or retired, solar indeed does provide advantages not available to those that work outside their home.
@@eastmanresearch3143 Net metering for solar fixes this. Daily home generation goes to the grid, get credits from utility (hopefully many at peak rates), charge EV at home at night (at lower off-peak rate) when grid demand is low... come out ahead. Some states do not have net metering (shame!)... batteries won't help, as the car is much bigger battery by order of magnitude :)
W/ covid and working from home, I am actually charging now at home instead of overnight, and at reduced 4KW power to match my solar (if I have time), for full green&clean charging... no grid impact at all!
(also do the same, charge fully on weekend days if home)
The ideal solution would be much more workplace EV charging, hopefully free/cheap, as the grid has a glut of cheap solar power (see duck curve)... that would reduce the glut, help stabilize prices, and also reduce "baseline" load at night.
Tom bar none one of the best videos I've ever seen that was comprehensive in explaining the cost for charging thanks for all your great work
EV haters: "Yea, but the battery will die soon, and cost $176543355 to replace."
Amazing sir! Amazing! Thanks a lot Great video... I am waiting the EV6 CHARGING SPEED TEST AS WELL.
GREAT AS ALWAYS! THAKSN!
Excellent video Tom! You presented a lot of info in a very clear and concise manor.
Once again, excellent video that covers many questions new lightning owners have. I would like to have seen a little blip of what the maintenance cost, oil changes, filters, spark plugs, fuel filters on a 100,000 miles of a raptor versus the Lightning. I'm expecting mine in two weeks and am anxious to see what maintenance is required in the lightning. Currently I'm driving a F250 diesel and doing it myself every 6-8k miles with the fuel filters, oil filters and oil it's over $125
maintenance is not mentioned because it really is not a large factor. Most new vehicles are on a 10k mile service interval, so at your cost, you are looking at 1250 over 100k, or 1.25cents/mile. Even if you doubled that, you are talking less than 3cents per mile. That is a very small amount compared to the price of fuel.
I drive a Leaf, 10k/year. In 2 years, only quick charged 5 times. So I spend $15-20 per month to fuel my car. I'm saving $120+ a month vs equivalent gas car
Great video. I had a thought about the people who complain about time spent charging. If you could invest some time to save/keep a substantial amount of money as shown in your video, then what is the argument against EV charging times really about? I’d love to see this same type of video on savings connected to “time spent” charging. Home charging would again be a no brainier. But even those who rely on public stations still stand to benefit. It’s all about the prospective.
Once again, great video and lots of good detailed information! This is really helpful as I move forward into EV ownership!
North Dakotan here. Our electricity is so cheap because we're a net energy exporter. Much of our state pays even less than 10 cents / kwh. Don't see a lot of EV's here though. The winters are so brutal to the point of frozen solid lead acid batteries... I don't know that lithium chemistry would hold up at all, even with the ability to keep them warm.
Great content, I love your channel!!!
Thank you. The range will suffer in the severe cold, but I do know people up in Edmonton, Alberta and Thunder Bay, Ontario with EVs and they are fine. The battery cells are OK in the cold but it does help to leave it plugged in overnight so the battery warming system is working.
Another great report Tom, thank you.
Excellent review Tom also a lot less maintenance required on the E150 as opposed to the ICE model
@Tron Jockey definitely not true with Teslas
@Tron Jockey so you say ev batteries last 450k miles?🤨
@@miketdarnell ev batteries are recommended to be replaced when they drop to 80% charge. Tesla drivers are reporting a 5% drop after 100,000 miles. Tesla says the batteries should hold to 80% to about 350,000-400,000 miles and current data supports this. So....400k miles, yes. 450k miles? Possibly.
But the average ice car doesn't last 450k miles either.
@Tron Jockey One fee that will be more with an EV is property tax. You can buy a $25,000 car, or a $45,000 EV. With a mil rate of 30 (pay $30 per $1,000 assessed), you're paying $600 more in property taxes the first year with the EV (as the assessment goes down, the difference would become less over the years).
Thanks for the great analysis. Please send this video to all the members of Congress fighting EV adoption. BTW, the average price for regular gas in Hawaii is $5.31. This also doesn't account for the $3000+ in oil changes you need over the 100k miles or fewer brake pad changes thanks to regen braking. I'd love to see a full cost of ownership video.
At current price in Hawaii, 100k miles is over $22k
And Hawaii has crazy solar adoption compared to many many parts of the mainland.
So California showed you the grid isn't going to handle it and you will have 40-90k paper weight in your drive way.
@@shortyorc121 Agreed. When EVs finally go mainstream the government will put an extra tax on the vehicle AND an extra tax on electric power to offset all the revenue (taxes) lost when paying at the pump. Fuel prices are up because the government wants them to be. Enticing buyers with a "cheaper than gas alternative." Then when they got you here come the taxes and fees! Have fun while it lasts because Uncle Sam and the Democrat Party are coming for your wallet soon.
Excellent report, I've been looking for this info since I first heard of the lightning truck, thank-you for the hard work. Prices are different up here in Canada but I can convert your stuff to match.
Thanks for all the pricing breakdowns! Very useful infomation.
👍 well done Tom, very informative and should be simple enough for most people to understand.👍
I rarely comment on videos but this video is great info. I owe u a beer if I ever run into u.
This was very informative. As a new owner of the lightening, this was one stop to learn all I needed when it comes to charging cost vs time.
A great explanation of a complex subject
In Orcutt Ca Peak rate is 0.56 (16:00-21:00), part peak 0.45 (15:00-16:00) 0.25 off peak BTW Regular is $5.45
Great video! I just got my lightning with the standard range battery. Looking forward to some adventures!
Great video! I live in California, I have solar with a 0 true up per year, and I have a Model 3 SR+. I’m on a TOU plan. Off peak is $.34/kWh and peak is $.51/kWh and this is increasing in Jan. 2023! We charge mostly at my wife’s ChargePoint network ($.20/kWh). It’s still much cheaper to use my EV than our Toyota Sienna that averages about 17 mpg (city) and 22 (highway).
Awesome video Tom. I am in Canada but the information/formulas are very helpful.
Great info... a lot of information
Tom: please do range or efficiency test with and without tonneau cover at 70mph.
Awesomely comprehensive!!! Thank you for the thorough evaluation well seeded with realistic assumptions. Home run!
Great Video!
Great job as usual! Was wondering where the attendants were whose job it is to plug in your EV to the charger. 😉
All power companies in NJ have discounted rates for charging EV’s. The number demonstrated here is if you didn’t apply for the EV program that the state offers through the utility companies. JCPL is offering $0.02 per KWh during off peak hours. You do have to install a smart charger with wifi and give the power company access to monitor your charging. That way they can discount the account as needed. This program is set to end in 2026, so it’s a great idea to start thinking about solar by that time frame. Great video! Love my F150 lightning as well! As a former gasoline truck owner, I will say that I am saving $350 per month in not buying fuel. I drive a lot and use my truck to do actual truck work.
Man that blue “Lightning” badge in the side looks great on the black truck. I swore I’d never get another black vehicle because of dust but hmmmmm
When you calculate charge cost per KWh, did you include the delivery charge? Because with every bill you also pay delivery charge for the KWh you used. Thus will change the numbers considerably.
Don’t forget gasoline is much more expensive in Hawaii also…
This is a really good video, something that might make it more representative to each state would to use the price of gas in that area. Like right now mid grade in HI $5.56, ND $4.21 and NJ $4.99. So for the area the savings may be even greater. Great data, Tom. That had to be a lot of work.
The EPA range rating from every video I have seen it does not get that much. Avg is 2.2 miles a KWH and extended battery is 131 KWH =288 miles a change. His math is incorrect
That relatively easy to compare.
Example: if you're paying $.12/kwh and you're averaging 2 miles per kwh then it's costing $.06/mile or $6 per 100 miles. Averaging 2.4 mpk you're paying $.05/mile or $5 per 100 miles. That's an equivalent to 100 mpg if gas costs $5/gallon.
@@robertpatterson3106 Even at that you're paying less than $.06/mile when your paying $.12/kwh.
That's $6 to drive 100 miles. At $6/gal for gas that's equivalent of 100 mpg. And that's with little to no maintenance. Occasional tire rotation.
@@pstoneking3418 first gas isn’t 5 a gallon. See you are doing it too. Making Or trying too make EV more efficient then they are. But assume your 5 dollar a gallon and you are getting 20 miles a gallon. That is 25 cent a mile. Point they are not much more efficient, if you figure the correct gas price.
Tom fabulous analysis. Electric is even better than your analysis, not only for the reduced cost of maintenance that others have pointed out, but because the epa estimates for gasoline vehicles have a built in 3% error. That error is due to the overwhelming prevalence of ethanol in gasoline. Ethanol has 1/3 less btu content than gasoline, so use 10% ethanol fuel and you have a 3% lower fuel mileage. Take the 23 gpm you used in your comparison and lower it by 3% and the real mileage estimate for that hybrid f150 is actually closer to 22 mpg. And if they continue increasing ethanol to 15%, it only gets worse!
If you want proof of negative impact of ethanol- look to epa site, where on standard Ford F-150 they posted fuel economy of both 100% gasoline and E15. Fuel economy drops from 20 mpg to 15!
What this doesn't take into account, is where electricity is really pricey (like Hawaii), gas is also pricier. So, while Hawaii looks expensive to charge, it would be even MORE expensive for gas.
Still, this is a brilliant breakdown of costs
Outstanding video!!! Thanks so much!!
I know it's an old video, but it helped me decide on the f150 lightning, ty Tom. My cybertruck order would be late arrival I am sure, so i am taking advantage of the f150 lighting price cuts. Thanks again, nice and detailed, clear job and preparation and presentation.
I looked into time of use in Illinois. Cost would only drop what I'm paying now by 3 cents per kWh. If you used any electricity during peak hours it cost 10 cents more per kWh. You are forced to sign up for minimum of 1 year because they have to change out your meter. I believe the only way time of use would be beneficial would be to have a separate service that was only used to charge your EV. If your home is on time of use you will be using some peak hours and your bills could be doubled. Having a separate service you'll also have another delivery charge and taxes on that separate service.
Yeah, the TOU plans vary greatly around the country. Some are better than others.
Another benefit is that the price of electricity doesn't go up every weekend.
In the Houston area you can get an electric plan that has free power overnight.
You're the real deal!
Great video !! Just FYI my model Y has gotten me avg KWh per mile of 2.6kw. That’s over 2 years and 32,000 miles and I live in NNJ. So I thought you would like this info as this includes Winter driving Summer city and Hyway in NJ/NY. Just thought this would be helpful.
You’ve answered so many questions that I have regarding public charging as like you I charge at home. Many thanks
The Lightning looks like a tight fit in your garage. I have a total of 3" of extra room for my Lightning in my garage. But worth it to keep it looking just a bit better than rotting out in the sun all day.
Yeah, it's tight, but more than 3". Probably about 14"
@@StateOfChargeWithTomMoloughney must have been the camera angle than that made it look tighter. I didn’t think mine would fit but I’m glad I tried. I have to be careful backing it it, but it’s not too bad.
Great video! Thank you so much!
Did the cals for me here in BC. Gas currently is $1.75/L here, and over next 8 years gonna use an avg of $2.
Gas - $40,000 for 160,000kms
Elec - $8k if all done at home.
$11k if charged 85% at home and 15% at DCFC.
Thats a $30k savings over 8 years. And in canada, the Flash trim '24's are basically at price parity with SIMILARLY EQUIPPED gas f150 XLTs
Great video. We also love charging from our Solar PV. Beats paying approx $0.25 kWh, an average single tariff Down under.
Thanks for doing this analysis 🧐. This video must have been a bear to make
Very informative, keep up the good work!
Great video. This is what I was afraid would happen with the charging infrastructure in America. After watching another UA-camr “TeslaBjorn” vacation in his native country in Asia, It was striking how much of a “Wild West” charging setup existed there. Every two-bit, shady company with a dream had a charging pylon and app. They wanted your personal info and credit card before charging. It reminded me of a few years back when unknown atm machines were outside gas stations and convenience stores everywhere. I really hope America keeps the grift out and installs a Tesla like infrastructure where you just tap-n-go.
Same thing with ATM machines.
I have 255k miles on my current f150. That’s about 30 oil changes so far, that will be a savings of $2500 over my current driving life of the vehicle and counting .
Good comparison video. A full analysis should include purchase price and maintenance costs. Also, many states are not including road taxes in charging EV’s as they are on gasoline. Plus, the Federal taxes on gasoline will be imposed on charging EV’s once EV’s become the main form of transportation. Not certain how this will be done, but it will be done. So the cost savings in fueling an EV may not be as great as present day pricing. I think EV’s are a good way to go and will definitely consider one when I need to replace our present vehicles. I would like to buy a Ford Lightning. My son has an F-150 ICE and it is quiet and has a comfortable ride. Thanks again.
In Michigan I have the option for dynamic pricing. Off peak 11pm to 7am and all weekend is 4.8 cents/kWh, Mid Peak 7am to 3pm 9.2 cents/kWh and Peak 16.6 cents/kWh. I have my car set to favor Off peak and Mid Peak and never charge during peak hours unless I override the settings.
thank you boss
Did you try unplugging the F150 after the 5-8 minutes of top charge rate then wait a minute and plug in again to see if you get another fast 5-8? From my limited knowledge of EV batteries my understanding is that charging rate should be governed by the batteries internal temperature. Could it be that the curve seen for the F150 is Ford's extrapolation of time since session initiation to avoid overheating. Does Tesla, and possibly others, monitor actual battery temperature and moderate charge rate to match optimal charging temperature?
I've just started following your videos and each has not disappointed.
This video is for all new EV buyers.
His curb appeal on his house was amazing!
Thank you!
In Florida, I pay only $0.12/kWh so when adding about 300 mi to a Tesla it only costs about $8. In comparison to friends paying over $60 to fill their tank, EVs are welcome bargain.
When at a second home up north, the condominium provides free charging. If looking for an apartment, do some shopping because many of the premium ones offer free EV charging.
Great video. I had no idea the public charging station pricing varied that much.
4$ per gallon? bruh that's the best deal, its 6$ on the west coast
$4.30-$5 in Portland area, regular gas
And there's one more complication. In Arkansas, we pay $.12 / kw hour, but as an electric vehicle owner, if I charge between 12AM and 5AM I get the first 400 KW hours for $.05.
This is exactly why I'll be using my lightning locally only and be charging at home.
Excellent video Tom. My Anitmatter Blue Lariat ER is scheduled to start the build this week so I'm hopefully only a month away from driving it! My rate in Western PA is 0.13/kwh so I'll have a similar cost to what you have if you didn't use solar. i have a question about QMerit. It appears to me that they don't do any installations but contract it out to local electrical firms. I'm concerned with the language of their 'Terms of Service' which are essentially a 'hold harmless' declaration. I would appreciate your insight since they sponsor your channel.
Qmerit is a network of pre-vetted electrical contractor firms, so you are correct in that regard. They have strict rules on how the contractors perform the work and pricing guidelines for consistency. They also gather feedback from customers and if a firm gets a lot of complaints, Qmerit drops them from their network. I don't really know about hold harmless declaration, but I suppose they are saying the individual firm that does the work is the liable party if there is a legal matter, but I will ask them to clarify on our next call.
I've NEVER seen a fast charger from Blink only level 2. Also Iam waiting for the cybertruck!!!
I was under the impression that NJ PSE&G charges a delivery charge per kWH, perhaps around 6 cents per kWH? I wonder if the 15 cents per kWH in this analysis includes that??
That's my total cost per kWh
As a point of reference, Motley Fool says the average price to purchase a home in North Dakota is $282,400 in 2022.
I love this. Plus we all know fuel economy declines with use, so the gas models are not getting 15 or 24 mpg at 90k-100k as it was during 10k-20k. This also didn't include the cost of oil every 3k-5k, which is eliminated with EV.
My Volvo 244 makes the most sense. Gets me from Point A to Point B. A few minutes at the gas pump and I'm good for 250 miles. Oil change twice a year. 40 years old and still going strong. I smile from ear to ear motoring in my $3,000 automobile. If I want to go somewhere fast, my son flies me in his private airplane. Cars are appliances, no more. Nothing to get excited about.
Charging for me is about $4.50, That being said I charge on a military base, while I'm bowling.
I've written a small program that calculates MPGe using 3 values.
Charge per kWh
Average Miles per kWh
Cost of gallon of fuel
Charge per kWh ÷ Average Miles per kWh = cost to drive a mile
Cost of gallon of fuel ÷ cost to drive a mile = MPGe
So many people have asked me the efficiency of the lightning compared to their trucks.
That gets too complicated because you'd need their miles per gallon too.
So instead of going there, I decided to show them what the comparison would be
As these 3 major values vary. MPGe = how much you're paying per kWh divided by the miles you can drive on 1 kWh of power then divide that value into the price of 1 gallon of gasoline.
Energy cost is 6.5 cents/kwh here in Las Vegas at night. To charge two teslas it costs about $65/month. Gas equivalent will cost $500/mon for teo suv's
Great video brother
Just for the record, that .26 in California is the base price. If you use a little for things such as car charging, it quickly accelerates over .40/kwh in Northern California.
Don't you have an overnight super-off-peak plan available like we do in So Cal?
I have 13 kw of solar panels and unless I get several really cloudy days I don't pay for any electricity. To get true cost per kWh a person needs to take their monthly electric bill and divide it by that months kWh used. So month to month kWh costs will vary month to month. It's not linear because you have some set electric bill charges and some monthly tax charges that tend to vary. Since I run mainly off solar my electric bill is usually around $30 / month. Half that costs are deliver charges. Occasionally in the summer my bill might be $15 even though I used 0 kWh that month. I've found the more kWh I use in a month the cheaper per kWh are. Of course my bill goes up some but my cost per kWh goes down. I've seen as low as $.05/kWh in the winter when I use the most electricity and also when my rates are lower. Yes I'll be charging my lightning from my solar whenever possible once I take delivery.
How big is the difference in charging losses between at-home-charging and fast charging?
Same issue in Canada it’s billed by time vs kWh
The most surprising fact shown here, is cost to charge per minute is cheaper than cost to charge per KWH. I need to run the numbers for my Bolt.
It definitely won't be less expensive with the bolt because it charges so slowly. Cost per minute will benefit the cars that have a high DC fast charge rate
I live in Manitoba Canada. I just got an f150 lightning. We pay here 7 cents/kwh after you factor currency exchange. Not sure if solar pays for us seeing as how cheep electricity is. We also do not have price changes depending on time of day.
Good Job
Nice Review. I don't quite understand how EA can afford to charge so much less by the minute. Does the $0.24/min apply everywhere they charge by the minute?
Yes, but understand most EVs don't charge as fast as the Lightning, so it costs more to charge those vehicles
I'd like a breakdown of battery degradation as a cost factor in these equations.
Great video!
We bought a Model Y to replace a vehicle that had 18mpg. Compared to that vehicle we're saving ~$350/month. If you factor that savings into cost of ownership, the Y has been extremely affordable!
Factor the insurance too. My Model S is 9 years old is still $175/mo for insurance, that wipes out a lot of the savings vs. a regular ICE vehicle (e.g. honda odyssey is about $80/month for full coverage) in terms of the gas savings. I would not even consider buying an Tesla without the free lifetime supercharging - you aren't going to really save much at all these days if living in CA. IN Georgia, off peak is .01c kWH due to lots of nuclear capacity. Cheapest quote I had from Tesla insurance for two drivers was $158 and had huge deductibles. Once I added a third driver, we were near $200 month on a 9 year old car.
Fantastic thanks!
Great review. Helped me make the decision to go solar. My current 2021 F150 Hybrid 4wd gets on average about 19.5 MPG where I live in the country in Wisconsin. My Lightning comes next month. So I am going to save about $2000 yr at 20,000 miles a year. And if we cut our home electricity usage, as mom-in-law and kids move out, then will cost even less as my solar array in the pasture will do some of the charging then. How bout them beans?!
I have a Nissan Leaf and have a ER F150 Lighting coming soon. I'm planning to replace my chargepoint 32 amp charger with the 80 amp Charge Station Pro. I'm having a hard time finding an adapter that will allow me to connect it to the Leaf J1772 port . Do you know of any?
Georgia Power charges $0.02 per KWH for overnight charging
Tom - your calculator must be wore out by now, please give it a break. Great numbers.. thanks for sharing!
Another universal and I think simpler, way is to mimic how we think about the cost of driving ICE vehicles which use MPG. Just use MPkWh that a vehicle actually gets and multiply by the rate you pay for electricity. As the video makes clear, range is a separate issue as are battery size and charging rate.
My Leaf shows that measurement. Figure 30 kwh/gallon gas , and multiply by my 4.3 average, over 120mpge from my Leaf. No ICE car can reach that
Tom, if you were unable to home charge, do you advocate DCFC or does it damage the battery too much when it’s the only means for charging? I wonder if Ford or Tesla can void 8 yr battery warranty when all charging is via DCFC.
The warranty is in place regardless of how you charge it. DC fast charging will cause slightly faster battery degradation, but it's not THAT much. People worry too much about DC fast charging issues, IMO.
Tom it's nice to see the comparisons of the electric rates, but here in NY you also have to add the delivery charges if you change at home. That can cost at least one and a half more per khr so here in NY it may still be cheaper but not by much
I’ve only found one blink charger in GA. It was a broken AC one at a McDonald’s
According to Gas Buddy, average US price for gas is $3.88 and in Hawaii $5.24. Taking that into account, the Raptor 100,000 miles in gas in Hawaii would be $34,900, more than double the electric price of $16,750.
I have a 2004 F150 Lariat making it 18 years old and no plans to replace it. I do also have a 23-year-old petrol car that gets 30 mpg if I want to economize. Will an electric truck battery last this long or will I need to buy a $20,000 battery or a $100,000 truck in 10 years?
The battery will last 22 years, but it will have degraded, so the driving range will be much less. You'll probably want to consider replacing the battery at around 300,000 miles, because the range at that point may only be 150 miles or so.
It's hard to say exactly how much the battery will cost in the future because battery prices are dropping dramatically each year - by about 8% on average. The good news is after driving on electric 4 300,000 miles you will have saved much more money on fuel than what the battery will cost and you'll still be way ahead of the game. Plus, by then the new battery that you replace the old one with will probably take the lightning 500 to 600 miles per charge, as energy density continues to improve.