George Davidson
Active Member
The "all-the-fees-included" price of electricity in our county increased to CAD0.40/kWh (checking last month's utility bill) from the previous CAD0.25/kWh.
One year ago, based on that time prices of electricity and gas, I calculated that charging our EV overnight at 40 cents/kWh would become as expensive as filling our second car (ICE) with gas.
It happened.
Though I never considered it seriously before, I will need to start looking at the EV as something that may not be the best long-term financial solution for my family. Once the EV is paid off, we may buy a hybrid as a more financially realistic solution to get the best of both worlds.
At what electricity price ($/kWh) would it be financially beneficial for you to return to gas?
One year ago, based on that time prices of electricity and gas, I calculated that charging our EV overnight at 40 cents/kWh would become as expensive as filling our second car (ICE) with gas.
It happened.
Though I never considered it seriously before, I will need to start looking at the EV as something that may not be the best long-term financial solution for my family. Once the EV is paid off, we may buy a hybrid as a more financially realistic solution to get the best of both worlds.
At what electricity price ($/kWh) would it be financially beneficial for you to return to gas?
Last edited: