ELECTRIC VS PETROL: HOW MUCH DOES 100K MILES OF FUEL COST?

EV Channels Review

This video revisits the cost comparison between electric and petrol/diesel vehicles over 100,000 miles, considering current energy prices. The presenter meticulously breaks down the costs, differentiating between home charging (using a mixed tariff of cheap night rates, new day rates, and occasional rapid charging) and public charging. The analysis highlights a significant cost advantage for EVs when charged at home, saving users between £10,000 and £11,000 over 100,000 miles compared to an average petrol car. However, the picture changes dramatically for those relying solely on public charging, where an inefficient EV can cost nearly as much as a petrol car, and even an average EV offers only a marginal saving. The presenter emphasizes that for homeowners with off-road parking who can charge at home, an EV is a "no-brainer." The video also touches upon the broader total cost of ownership, including lower maintenance and tax for EVs, and notes the current trend of appreciating used EV values. The core takeaway is that the ability to charge at home is the critical factor determining the financial viability of an EV over petrol.