brutematt750
Active VIP Member
I used to have a Dodge Charger like that, we went from gas station to gas station.
Pass everything but a gas station ! That’s what my pops would say
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I used to have a Dodge Charger like that, we went from gas station to gas station.
also not factored in is the long term effect on the electrical grid. The extra power consumed has to come from somewhere. It wont take long and our 100 dollar a month house power bill will be 500 dollars a month and blamed on excess demand on the power grid.If an F150 cruises at 12L/100km, and the federal excise tax is 10cent/liter and the provincial gas tax is 13cents/liter, it cost $2.76/100km in excise/road taxes.
At $1.50/ liter it costs $18/100km to drive a gas powered F150.
An Electric F150 uses 30.8kw/100km. At the regulated electricity rate of 18cents/kwh and 15cents/kwh for transmission and distribution fees (assumed truck is charged at home), it costs $10.16/100km to drive. Tack on an equivalent $2.76/100km for road taxes and it still only costs $12.92/100km to drive the EV version.
I don't see demand for EV's dropping anytime soon.
also not factored in is the long term effect on the electrical grid. The extra power consumed has to come from somewhere. It wont take long and our 100 dollar a month house power bill will be 500 dollars a month and blamed on excess demand on the power grid.
The transmission fees will go up, someone will need to pay for the extra costs related to system upgrades that are needed to supply the extra demand.If an F150 cruises at 12L/100km, and the federal excise tax is 10cent/liter and the provincial gas tax is 13cents/liter, it cost $2.76/100km in excise/road taxes.
At $1.50/ liter it costs $18/100km to drive a gas powered F150.
An Electric F150 uses 30.8kw/100km. At the regulated electricity rate of 18cents/kwh and 15cents/kwh for transmission and distribution fees (assumed truck is charged at home), it costs $10.16/100km to drive. Tack on an equivalent $2.76/100km for road taxes and it still only costs $12.92/100km to drive the EV version.
I don't see demand for EV's dropping anytime soon.
40k for a proper system at 17% interest wouldn't be a quick payback.Then install solar panels, if electricity prices jump that much a rooftop solar array will have a payback time of well under 5 years. With that kind of return it would be easy for a homeowner to get financing if they don't have the cash for the system, and even at high interest rates they would still be money ahead.
If a 50-90 cent/litre swing in gas prices are gonna put you over you are living above your means already.
As more EV's hit the road the charging prices are gonna go up, then they are going to have to figure out how to put to road tax on the vehicles.
40k for a proper system at 17% interest wouldn't be a quick payback.
Shortages of lithium will drive up costs too.
How many will crash watching Netflix ?
Netflix for viewing while you charge at the mallWhy do you need Netflix for a trip to the mall?
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Ohh I definitely could be, but I've been hearing for years that average canadians are $500/month away from Insolvency, then it was $250, and on and on..I think you are over estimating the finances of average Canadians If you think a 90 cent/L increase in fuel prices only effects people living beyond their means. It is literally pouring fuel on the raging fire of inflation.
53% of Canadians on the brink of insolvency: MNP survey
www.bnnbloomberg.ca
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The point is people seem to believe that electricity is a type of fairy dust with a never ending supply. We all have sockets in the wall so the energy is endless.Then install solar panels, if electricity prices jump that much a rooftop solar array will have a payback time of well under 5 years. With that kind of return it would be easy for a homeowner to get financing if they don't have the cash for the system, and even at high interest rates they would still be money ahead.
The point is people seem to believe that electricity is a type of fairy dust with a never ending supply. We all have sockets in the wall so the energy is endless.
We here in BC are in some of the best shape of anywhere in the world when it comes to electricity supply, but the watch has already started, BC Hydro is offering all sorts of incentives to save energy, they know what will happen of to many electric vehicles hit the road in to short of time.