Be the first. Profit from it.
I've been an electric vehicle (EV) fan for a long time. Way before having my first EV I was already reading about them, participating in internet forums, hearing podcasts... I was even a member of an EV users association without having one!
Now, almost one year after acquiring a little Peugeot iOn for my loved one, I'm writing on a Nissan Leaf while waiting for it to charge. And thinking that this is not a car of the future, but a car of the present. One you can go out and drive, enjoy the silence, easiness, safety, cleanliness, and save A LOT of dough.
Some maths
There are mainly two things that made me love these cars.
Their environmental impact. We can be less and less dependant of fossil fuels, saving our own species from a slow and painful extinction (I mean, it's not that the world will end tomorrow, but your grandson can be born with severe respiratory issues because of our mess).
And the money savings. since I enjoy avoiding financial cancers such as cars. I want to spend my money in things I want to do. Games, food, beer, music, vacations, and other things.
So, to celebrate this milestone (5k km):
Here are some maths:
Fuel savings
My car's mileage is about 16kwh per 100km (14.7 miles per kwh). Assuming I would charge only at home, I'd pay about 0.15€ per kwh (a lot of the energy I use is actually free since I try to use free public charging)
The diesel car I was using for the same trips would spend about 5.4L per 100km (42 miles per gallon). The diesel price in Portugal is about 1.4€ per liter.
This means in each 100km (60 miles) I was paying 7.56€, and now I pay 2.4€. I'm saving 5.16€ each 100km.
This milestone means I saved 258€ in about one and a half months. Since I usually travel 30k km each year, this means savings of 1548€ per year.
Overall savings
Some people say "ok, but the car is much more expensive", which I disagree. In Portugal, you won't pay less than 25k € for a diesel car with this equipment level. With the government incentive, I paid a little over 27.5k €. And some tax deduction of about 6k €. I'm confident I can sell my diesel car for about 7.5€. So...
27.5k (price of the car) - 6k (tax deduction) - 7.5k (diesel car sell) = 14k €
I'll also be saving in circulation tax (about 150€ per year) and maintenance costs (150€ per year, at least).
Time before my investment pays off and I'll start saving money: 1 year and 4 months.
There's also a phenomenon you won't see in any other car. The savings are such that after a while, you'll be saving more than you actually paid for the car. In other words, the car starts paying you for driving.
- 14k (net price of car) / 1548 (fuel savings)+150(circulation tax savings)+150(maintenance savings) = about 7.5 years
7.5 years is not "soon" since my car will have about 225k km by then, but... Do you know any car that pays you for driving it? I don't. And as I said before...
Cars are financial cancers. They suck your wallet like leaches. If you can, don't even buy one.
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