Andrew Simpson’s modelling has shown that, right now, electric vehicles have lower running costs than conventional petrol-powered cars. And that takes into account battery replacement costs!
Again working on the basis of a large sedan, the modelling used an electric vehicle with a 40 kWh battery, battery cost of AUD$12,600
, and a lifetime distance of 445,000km
(3200 battery cycles). He calculates a lifetime cost of 2.8 cents/km
- depending on the price charged for electricity, a total cost of 4 – 8 cents/km. That compares with the modelled running cost of the petrol engine car of 10-15 cents a kilometre (the variation depending on fuel price).
In short, the running costs are about halved.