Do not stare blindly at the purchase price. To compare the cost between an electric car and a car with an internal combustion engine, you need to look at the total cost, which is abbreviated TCO (Total Cost of Ownership).
A dissertation from the Royal Institute of Technology (KTH) proves what many are already talking about – that a more expensive electric car can be cheaper to own a conventional car with a lower price.
It’s not just the difference in fuel that makes the difference. Now that the tax is raised for cars with higher carbon dioxide emissions than 90 grams / km and the bonus increases for cars with lower emissions, the total cost of the car changes. Also add differences in cost of service and any benefit value.
In Jens Hagman’s dissertation from the Royal Institute of Technology For example, the total cost of owning an electric car has been compared to owning a petrol, diesel or hybrid car of a similar size. The costs for, among other things, purchasing, service, taxes and fuel have been looked at.
The results from the research show that it can be cheaper to drive an electric car if you look over three years and if you drive at least 1,500 km per year. The comparison has been around for some years since then, more electric cars have come out, the environmental bonus has been increased and it has become more expensive with conventional cars.
Although the researchers concluded that the total cost was about 10 percent lower for the electric car, it is not certain that this applies to all buyers and electric cars. Everyone must calculate based on their conditions.
Researcher Jens Hagman points to two uncertainties: depreciation and fuel costs. Will anyone want to buy a used car that consumes a lot of soup and is charged a high tax? There is a risk of a sharp decrease in value and the tax for diesel and petrol may be raised.
At the same time, the prices for electricity vary a lot for those who can not charge at home. It is also something you need to take into account.
Research also shows that most private individuals are focused on the purchase price and do not count on what the total cost will be when they buy a new car.
– You focus very much on the purchase price when you buy a car. The total cost is a fairly small part of the new car purchase process. This can lead to electric cars being considered more expensive than they actually are, says Jens Hagman at KTH to Ekot.
The study also looked at car dealers’ incentives to sell electric cars. At present, they make less money selling an electric car than a conventional car.
– There is a slightly lower commission on selling electric cars, compared to regular cars. It also takes longer to sell electric cars. Customers often have a few more questions, for example about charging. Then you can imagine that the willingness to sell these cars is not as high as selling petrol and diesel cars, says Jens Hagman.
The dissertation proposes several measures which can make it easier for consumers to compare the total cost.
I’m going to buy an electric car!
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