EV vs Petrol Fiat 500 Real Running Costs Over 3 Years. Maths with Geoff.

Join me for a little bit of MATHS as I take a look at what it costs to run a Fiat 500 Fiat 500 42kw 118hp Electric and compare it with a 1.0 MHEV Dolcevita Plus Euro 6. Which is cheaper to run over three years, and what would I recommend? A little maths lesson with poorly Geoff in the sunshine.
#Fiat #ElectricCar #EV #Fiat500

[markharris]

...plus you can factor in another £900-£1200 to install a fast home charging point for your fancy new EV too!

[trader]

Agree 100% with your analysis also did the public not learn when we were incentivised to buy Diesel with lower RFL the same will happen with EV once the tax take starts to dip and all those Zero bands will vanish fast!

[chrisnewbold]

I think it would have added something to have included the insurance costs and the residual values to complete the 3 year ownership cost.

[howardsanderson]

I am very happy for anyone who wants to buy an EV, petrol or diesel car. Everyone to their own thing. However most right minded democratic believing people, detest Government and the pressure groups who legislate to ban IC engines. There has been little or no debate about the costs of putting in the charging infrastructure, the extra electricity generation required, the environmental impact of mining all of the minerals required for batteries and finally their disposal. This is a country that produces 1% of the worlds CO2, so where is the cost to benefit? Answer is diddly squat and we are all being conned.

[keithdenton]

The elephant in the room is INSURANCE. Nobody talks about the higher cost that an EV incurs.

[aidancoyle]

Thanks Geoff, great video. But to be honest I knew all this already. I have a small garage in Dublin where we specialize in repairing and servicing Land Rovers. On several occasions now I have been asked by my customers if they should buy an EV. I’m always astonished that they really haven’t thought things through, but when I point out the problems it’s like turning on the lights in a dark room for them.

[stevem]

Sticking with patrol, don t need to worry about charging

[tipple]

Your mathematical calculations have earned you an A-grade at GCSE.

[thomasshepard]

When I was a young boy in the 1960s my father was the workshop manager for a large dealership in Glasgow called RS LOGAN we used to go to Cornwall he could have taken any car he wanted from jaguars Humber hawk wolseley 1660 or 6/99 beautiful big cars but no he took us in a fiat 500 from Glasgow to perrinporth Cornwall I’ll never forget that journey and I’m now 67

[stevem]

Eventually depending on the power grid they might ask you to charge your cars at a certain time. In many cases that would be hard to do considering people's lifestyles.

[plumpii]

And this is why I just dump 10k into a low mile clio diesel, cheaper to buy, will breeze 130k+, looks good, drives good, good range, good power, good spec... Bad fuel cost currently, however it works in my situation and no surprises on the horizon with batteries and electric woes..

[MGR]

With cars, unless you have to count every penny, get something that you actually like and don't mind wasting fuel on. If you are gonna spend time in your box on wheels, make it one you like, and in turn won't mind spending more on fuel.
For me, I had an interesting duo of cars at one point, a 2.2 dci Nissan Almera tino and a BMW E36 318i. The Nissan was faster and much more economical, but I hated being in it. And the BMW wasn't fast, and wasn't very economical with regards to its power out put and capacity, but I loved the car for what it was and how it made me feel, and especially in this age of techno boxes on wheels that strive to do "everything", it feels so good to have a car that is pure and knows what it is.

[andrewbaxter]

Amazing how many people I have spoken to that have financed a car for over £30k worth of debt but want to tell everyone the tax is free😂. Oh, and I did go for an old Volvo V70, so far costs over 30, 000 miles are £100 for 2 diy services. Passed 3 MOTs with no advisories and 50mpg from the diesel. Paid £3k for the car so it owes me nothing and equally I owe nobody else anything - freedom!

[RichieRouge]

100% accurate Geoff. I’m with you on the purchase of an old Volvo mind haha.

[gtd]

It's a similar thing with heat pumps but the running costs are significantly higher!

[danieleaton]

Another great maths session on ev versus petrol, but what about when EVs have to pay tax and replacing batteries

[coover]

Very interesting comparisons. Here in Australia we don't have the Fiat 500 EV yet, and the 500 Lounge sells for about the equivalent of £15, 420 drive away or less in other states. 95RON for 981 litres would cost about £981 (@$1.80/l or £1.00/litre). Some states offer free registration, while others tax EV users for mileage, so there's a huge difference in EV costs depending on which Australian state you live in. One newspaper article said that EVs here cost about 10c (5.5p) a Km in electricity charging. Even with free electricity, you're only saving 20c/km which is a lot to offset the higher price of an EV compared to it's ICE equivalent. Based on the average distance travelled by Australians each year, that's 5 years to recoup the saving. Australia lags behind many countries with EV sales, and dual cab 4x4s and SUVs make up the biggest sellers here.

[nheather]

My wife has a Nissan Leaf 40, bought from new, now in its third year of ownership.

This is the real world economy that I believe that we get from it. The range claimed by Nissan is 168 miles but we believe it is more like 120, maybe a little more but we have never been brave enough to drive it with less than 10% capacity.

We only use domestic electricity (7kW home charger) so at the moment we pay 36p per kWh. Not this is under the government £2500 cap which was supposed to rise to £3000 (43p per kWh) on April 1st but the government deferred the increase by 3 months.

When charging I'm going to assume 90% efficiency, that is a realistic estimate but it may be a little better.

That means a full charge of 40Wh uses 44kWh and costs 44 x 36p = 1, 584p

We get 120 miles so the real world cost per mile is 1584/120 = 13.2p per mile

My son has a Seat Leon petrol (110PS) realistically get 40mpg. Petrol is current 136p per litre so his fuel economy is 15.5p per mile.

And before anyone raises it - the discounted (off peak) electricity tariffs. This is where you get some hours after midnight at a heavily reduced rate - the idea is that you charge your EV overnight on the cheap rate. But please look at these carefully, yes it is cheap for a few hours off-peak but at all other times it is more expensive than the standard rate. So it really depends on how much of your electricity usage can be done in those early hours each morning. When I looked at it the overall cost worked out more expensive - but everyone's situation is different so do the maths to check whether you will be saving or losing. Some people defending the tariff say that you can put your washing machine, dryer, dishwasher on timers to run when you are asleep - note that every appliance manufacturer states that you must not use your appliances unattended - however unlikely it is a risk and in the event you may find yourself uninsured.

[dickybird]

make sure you use duracell batteries, they last longer

[ianchalklen]

Great video. I wonder how the second hand market will fair with EV’s regarding the batteries and replacement of. Currently the majority of houses don’t have a home charge point…a new village of 1000+ houses is being built close to where I live with not a charge point in sight and speaking to electricians the network can’t support fast chargers going into all homes. I saw my first recovery charge van attending a EV on Sunday at 2.30pm; I passed back at 5.30 and it was still there 😳
I have a friend with a Tesla and last year Tesla shut down the home charging point and closed their account…Tesla could not explain why and it took 2 days of communication before it was reinstated. It’s so easy to click a key and “the people didn’t see”