Comparing expenses between charging and refueling.
With the growing concerns about rising costs, people are also wondering if electric cars or gasoline cars are cheaper to maintain. Many are struggling to decide between the two while considering the differences in fuel costs. Let's examine a hypothetical situation.
"Oh my!" – this is what people often say when they look at their fuel receipts or their electricity bills. Anyone planning to purchase a new car might find themselves comparing the costs of different cars when it comes to renewable energy sources.
Let's exclude the initial purchase price or additional costs for now: charging an electric car at home is substantially more cost-effective compared to filling up a gasoline car with a combustion engine. A popular comparison website called Check24 estimates that charging the example electric car at home would cost around 840 Euros annually. In contrast, filling up a gasoline car would set you back 1,542 Euros.
Preferences and mileage: driving 11,000 kilometers per year
The basis for this calculation involves a typical household with an average national price of 0.3636 Euros per kilowatt-hour (kWh) and a usual electrical price of 36 cents (0.3636 Euros) per kWh. Assuming an average consumption of 21 kWh per 100 km of driving, the cumulative cost amounts to 840 Euros. By switching to one of the ten most cost-effective providers, you could possibly lower these costs even further.
Fueling: gasoline is more expensive
Compared to this, the fuel costs for a gasoline car are more substantial. Based on an average consumption of 7.7 liters per 100 km, with a current literal price of 1.82 Euros, fueling such a gasoline car annually for 11,000 km would amount to around 1,542 Euros. For a diesel car, the portal estimates an average of approximately 1.66 Euros per liter and a consumption of 7 liters per 100 km, resulting in costs of roughly 1,278 Euros.
Charging isn't always cheaper
Charging only on the go can be just as costly, or even more so, than either gasoline or diesel. Assuming an average cost of 55 cents per kWh at a public normal charging station, and the same assumptions from before, the electricity costs for traveling 11,000 km would be approximately 1,271 Euros. If you charged exclusively at a fast charging station, the cost would go up to 1,525 Euros – nearly as much as gasoline.
It's important to note that these calculations focus only on the yearly electricity costs (at home, normal charging station, fast charging station) and only compare them to the gasoline and diesel costs. Other expenses like acquiring, maintaining, insuring, and so on are not taken into account.
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In this scenario, refueling a gasoline car is more expensive than charging an electric car at home for annual mileage of 11,000 kilometers, amounting to 1,542 Euros compared to 840 Euros. A diesel car, however, costs fewer annual fuel expenses, at roughly 1,278 Euros. It's worth mentioning that the analysis primarily focuses on electricity costs and ignores additional expenses like insurance and maintenance.
Consumers interested in purchasing a new car may find themselves considering the fuel efficiency of both electric and gasoline cars, with E10, a blend of 90% unleaded gasoline and 10% ethanol, being a popular alternative to traditional gasoline.
Balancing the initial purchase price and ongoing fuel expenses, considering switching to electric cars may be appealing to some advisors and consumers. Nevertheless, refueling an electric car exclusively at public charging stations or fast charging stations can be just as costly, or even more so, than refueling a gasoline or diesel car.
Besides comparing fuel costs between gasoline and electric cars, it's essential to consider the environmental impact of various fuels. Diesel, for instance, emits less carbon dioxide compared to gasoline, making it a more sustainable option for consumers concerned about their carbon footprint.
