I never really worried about the ROI on the investment since I knew I was going to use the electricity one way or the other. If I were to add up how much I save on gasoline, energy cost to light the house, air conditioning during the summers and even the benefit of having a means to charge. my phone or run a fridge during a power outage I'm guessing I'm still coming out ahead.
Also there's much less "maintenance" cost for an EV. So I'm saving on that end as well.
But the investment is important. The van I own, if I replaced it, the EV version is £35,000 more. So when it comes to refuelling, if I had bought the electric version, I've paid £35,000 in advance. If I divide that down in diesel refueling cost and take into account electric charging cost, I would have to do over 200,000 miles to break even. It's taken me 19 years to get 175,000 miles on the clock. So is an EV van cheaper to fuel, no.
The only difference between an EV and ICE is the engine and exhaust. My diesel car, each year I pay for the oil, oil filter, and air filter to be changed. Every other year, the diesel filter. And that's it, every other cost on suspension etc.. is also on an EV. It has had two exhaust back boxes in it's life, totalling £250.
And which garage can I go to? Any. With an EV, which garage can do go to? The main dealer and probably on an expensive servicing scheme. The general garages don't have the equipment to service/check an EV.
And say I bought an EV van and finally broke even in 20 years, what's the condition and lifespan of the batteries?
With solar, a survey of my roof in Southern Scotland said the payback on panels would be a negative £1,800. So it's cheaper not to buy them. Bearing in mind, electricity has now gone up. But I'm hoping to move house next year, can't take the panels with me.
So are EV's cheaper to refuel? Depends if you omit some factors out and is solar the answer? It's fantastic for a minority, those with the money and sunny location.
And when you start to pay drive per mile tax and grants/incentives are phased out, EV reality will start to kick in. And that van price already has £6,000 taken off it by the government. Once that stops, which has started on cars!!!!