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I keep seeing this article on the web stating that new studies show that it costs more to home charge an EV to travel 100 miles than it costs to fuel a similar ICE car so I put the numbers to the test comparing my wife's MME and my Kia Stinger.
MME gets roughly 4.5 miles per kWh, the Stinger gets ~25 mpg if I drive it nicely
Local Electrical Rates are $0.108854/kWh for residential usage over 600 kWh/mo, (lower rates apply with lower usage). Best gas price today for regular unleaded locally is $4.29/gal.
I added an extra $0.01/mile EV licensing surcharge to the MME (annual fee $160, vehicle currently 12 months old, current milage 16,000)
I added an extra $0.02/mile ICE maintenance cost ($100 every 5,000 miles for oil changes, etc.)
Bottom line, MME costs approx $3.42/100 miles, Stinger runs $19.16/100 miles. Can someone double check my math?
This would allow for an awful lot of inefficiencies in the charging process before it even came close to making the article true.
MME gets roughly 4.5 miles per kWh, the Stinger gets ~25 mpg if I drive it nicely
Local Electrical Rates are $0.108854/kWh for residential usage over 600 kWh/mo, (lower rates apply with lower usage). Best gas price today for regular unleaded locally is $4.29/gal.
I added an extra $0.01/mile EV licensing surcharge to the MME (annual fee $160, vehicle currently 12 months old, current milage 16,000)
I added an extra $0.02/mile ICE maintenance cost ($100 every 5,000 miles for oil changes, etc.)
Bottom line, MME costs approx $3.42/100 miles, Stinger runs $19.16/100 miles. Can someone double check my math?
This would allow for an awful lot of inefficiencies in the charging process before it even came close to making the article true.