Not surprised but you really need to look at total cost of ownership. A friend is picking up an Ioniq 6 this weekend. His monthly gas bill was about half of the new car payment. The amount he saves on fuel is substantially higher than the delta between the ICE vehicles they were looking at and the Ioniq. Once the car payments are done, that is hundreds a month saved and over the lifetime of the car should make the electric much much cheaper than the ICE in TCO even though it was thousands more up front.
I always look at the difference between a similar car from the same manufacturer. The base Ionic 6 is around $65K, to me it's ICE sister would be a loaded Elantra @ $36K. Fueling an Ionic at $0.12/kwh is about 0.021/km, fueling an Elantra at $1.70/l is about .0985/km. With the capx difference of $28K. you're gonna break even at around 400,000km. That's a high-level look., there may be other economies or additional costs (oil changes on the Elantra, heavy tire costs on a Ionic?). I don't consider residual value to be worth calculating as neither car would be worth much at the breakeven point.
The e-cars don't seem to be closing the cap-x vs TCO cost. It was about the same payback when I chose between a Volt and Cruze a few years back.
I always look at the difference between a similar car from the same manufacturer. The base Ionic 6 is around $65K, to me it's ICE sister would be a loaded Elantra @ $36K. Fueling an Ionic at $0.12/kwh is about 0.021/km, fueling an Elantra at $1.70/l is about .0985/km. With the capx difference of $28K. you're gonna break even at around 400,000km. That's a high-level look., there may be other economies or additional costs (oil changes on the Elantra, heavy tire costs on a Ionic?). I don't consider residual value to be worth calculating as neither car would be worth much at the breakeven point.
The e-cars don't seem to be closing the cap-x vs TCO cost. It was about the same payback when I chose between a Volt and Cruze a few years back.
For Ioniq 6, about about 14 kwh/100 km seems to be reasonable. That is about 0.017 $/km. About 25% below your estimate.
I don't understand where you got the .0985/km for gas Elantra. It looks like real world fuel economy is in the ballpark of 8L/100 km which would be $0.136/km. That is 50% more than in your calc.
I reading ocean going freighters ( owned by Sweden of course ) are going hybrid Methanol . They have a dozen now in operation, more coming . The methanol is biosolids and waste sourced , it’s greenish. Hydrogen seems to have missed the boat , hehehe. Running bunker oil can’t go on forever .
For Ioniq 6, about about 14 kwh/100 km seems to be reasonable. That is about 0.017 $/km. About 25% below your estimate.
I don't understand where you got the .0985/km for gas Elantra. It looks like real world fuel economy is in the ballpark of 8L/100 km which would be $0.136/km. That is 50% more than in your calc.
I took the numbers for the Ionic off some real world videos, and the Elantras commuter consumption from a gal at work who does fOrillia to Schomberg daily, has 140k she keeps below 5.9/100. Fuelly kinda backs that up at 6.3 for combined.
The real life ranges you’ll find on yootoob run 17kwh/100. 14/100 might be the factory number, those are calculated without heat or A/C and with city regen braking - hi way mileage at 110+ will be worse.
I reading ocean going freighters ( owned by Sweden of course ) are going hybrid Methanol . They have a dozen now in operation, more coming . The methanol is biosolids and waste sourced , it’s greenish. Hydrogen seems to have missed the boat , hehehe. Running bunker oil can’t go on forever .
For Ioniq 6, about about 14 kwh/100 km seems to be reasonable. That is about 0.017 $/km. About 25% below your estimate.
I don't understand where you got the .0985/km for gas Elantra. It looks like real world fuel economy is in the ballpark of 8L/100 km which would be $0.136/km. That is 50% more than in your calc.
If bike lanes and other poorly thought out ideas frustrate people into taking public transit they will use their cars less meaning it would take longer to justify the extra five figures for an electric car. We're under 75,000 Kms for 4 1/2 years.
If bike lanes and other poorly thought out ideas frustrate people into taking public transit they will use their cars less meaning it would take longer to justify the extra five figures for an electric car. We're under 75,000 Kms for 4 1/2 years.
I'm going to stretch my Cruze another 12-24 mos, by then I'm hopeful I can get an e-Silverado or Cybertruck. Those have some promise of closing the capx/tco problem.
If bike lanes and other poorly thought out ideas frustrate people into taking public transit they will use their cars less meaning it would take longer to justify the extra five figures for an electric car. We're under 75,000 Kms for 4 1/2 years.
I had a separate work vehicle and even in my higher mileage days, EV premium costs were hard to justify. Some calls were to Windsor, Ottawa or Sarnia. An EV didn't have the legs, especially if I was trying to make up time on the highway.
Are EV premiums realistic?
I worked for a company that had a type of heater that was around for a half century, largely unchanged. Then they brought out an energy saving model at a premium price that did well because of the substantial energy savings.
However the eco model cost substantially less to make and required next to no extra engineering.
You can up a beer to premium by putting gold coloured foil on the bottle neck.
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