How A lot Does It Value To Cost?

You have in all probability heard that though EVs are costly, they’re going to prevent cash over the long run due to decrease prices for gasoline and upkeep. Whereas that is arguably true normally, there are a lot of variables. Our buddy Ben Sullins breaks down simply how a lot it prices to cost the Ford F-150 Lightning electrical pickup truck.

The Ford F-150 Lightning pickup truck is without doubt one of the largest and heaviest EVs on the US market at present. It is also not very environment friendly because it’s huge and boxy, and it has an enormous and heavy battery pack to cart round. Nonetheless, homeowners will possible discover that it prices them a lot much less to maintain the electrical truck juiced up than it does to pump gasoline into a conventional F-150 fuel guzzler.

In the event you’re not but aware of Sullins, he is an enormous advocate for EVs and renewable power. He is owned a number of Tesla fashions and has a Rivian R1T electrical pickup truck, although it appears he’d choose an F-150 Lightning as an alternative. Sullins additionally owns a gas-powered F-150 for comparability.

Sullins says that based mostly on what folks have written in, the F-150 Lightning will get a median of about 2.1 miles of vary per kWh. The common miles pushed got here in at 1,400, and the common worth per kWh was calculated at 22 cents. This all works out to 666 kWh of power used for the month, and that is a price of $147 to journey these 1,400 miles. 

A comparable gas-powered F-150 pickup truck returns about 20 mpg. At $4.88 per gallon, which is the value of fuel proper now the place Sullins lives, gassing up the truck would value about $342 monthly. Sullins says that over 5 years, charging the F-150 Lightning as an alternative of gassing up a conventional F-150 may prevent practically $12,000, and it might save him much more since his electrical energy costs are $0.15 per kWh as an alternative of $0.22.

Take note, the value of electrical energy and the value of fuel fluctuate broadly, and so they’re additionally fluctuating. For individuals who get a superb electrical energy fee and do most of their EV charging at residence (the place it is sometimes least expensive) in a single day (when it is sometimes least expensive), the financial savings in an EV over an equal fuel automobile will be important.

For folk who stay in areas the place fuel is cheaper, say $3.50 per gallon, it might nonetheless value about $250 monthly to gasoline the gas-powered F-150, which is about $100 greater than charging the F-150 Lightning on the 22 cents per kWh worth, which is definitely excessive in comparison with the value of electrical energy in some areas. We pay 11 cents per kWh whereas charging at residence in a single day.

In the event you stay in an space the place fuel costs are typically low and also you do most of your EV charging at public DC quick charging stations, your financial savings might be a lot much less dramatic. Quick charging at a public station is not low-cost since it is a comfort that most individuals do not essentially want to make use of, besides on street journeys. It will also be much more costly than the norm in sure areas and at sure instances of the day.

Take a look at the transient video for all of Sullins’ invaluable perception. Then, head right down to our remark part and share your knowledge with us.