Where’s the savings!!!!

[farmtruck]

I pay $.06/kWh at home. When travelling, I have been charged anywhere from Free to $.87/kWh.

Sponsored

 

[tubby]

Actually, AI comes very close to what everyone, especially JvdMaat is stating in this forum thread....this is obviously based on averages. If you are paying over 30 cents per kWh, you are not saving much if any.

To determine the break-even point for miles per gallon (MPG) and miles per kilowatt-hour (kWh) for a Ford Lightning, we need to compare the cost of driving the vehicle using electricity versus gasoline. The break-even point occurs when the cost per mile for both energy sources is equal.
Step 1: Gather the necessary data

1. Ford Lightning Efficiency: The Ford Lightning has an efficiency of around 2.0 miles per kWh (this can vary based on driving conditions, but 2.0 mi/kWh is a reasonable estimate).
2. Gas Vehicle Efficiency: Let's assume a comparable gas-powered truck gets around 20 MPG (this can vary depending on the specific model and driving conditions).
3. Cost of Electricity: Let's denote the cost of electricity as CeCe dollars per kWh.
4. Cost of Gasoline: Let's denote the cost of gasoline as CgCg dollars per gallon.

The formulas didn't paste well here so I removed them.
Step 2: Calculate the cost per mile for both vehicles
Step 3: Set the cost per mile equal for both vehicles to find the break-even point
Step 4: Solve for CeCe (cost per kWh) in terms of CgCg (cost per gallon)
Step 5: Interpret the result
The break-even point occurs when the cost of electricity (CeCe) is 10% of the cost of gasoline (CgCg).

• Example: If gasoline costs $3.00 per gallon, the break-even cost for electricity would be:
  Ce=0.1×3.00=$0.30 per kWhCe=0.1×3.00=$0.30 per kWh

Conclusion
The break-even point for the Ford Lightning, in terms of cost per mile, is when the cost of electricity is 10% of the cost of gasoline. For example, if gasoline costs 3.00pergallon,thebreak−evencostforelectricitywouldbe3.00pergallon,thebreak−evencostforelectricitywouldbe0.30 per kWh. If electricity costs less than this, the Ford Lightning would be cheaper to operate per mile compared to a gas-powered truck. If electricity costs more, the gas-powered truck would be cheaper to operate.

 

[CircusCowboy]

I am still waiting for my electrician to show up and install my home charger, so I am using public fast chargers until then. Yes, there isn't much savings using public, plus there is a lot of aggravation trying to get a charging spot open. Turns out, a lot of apartment dwellers have been buying EV's (why? I don't know) and taking up all the charging stations. I am tired for the parking lot disputes.

 

[MaintGrl]

I gotta be honest. I have yet to see any savings from owning my 2024 Lightning extended range Lariat. The first month cost me roughly $100 to charge that was the month of December. January it looks like about $200 a month to charge. Can somebody please explain where the savings are?I love the truck but wow it’s expensive to power up!

It Doesn't say where you live, but here in Cali, My rates are in the vicinity of $0.51 a kW (PG&E) (Gasoline is about $4.00+/- a gallon). I have solar, so I have an expensive EV Truck (Love) and a Solar system to pay for. My savior is the 68 eMPG. Folks in other parts of the nation that are paying 20% of what I pay, are the ones saving.

 

[P-38]

I agree with the OP...it was a bit shocking to see how many kWh the truck takes.

It did not help that I took delivery 12-22-24 and immediately hopped on the highway...

Then seeing 1.5 and 1.6 (and 1.4 during recent 0F freeze) is not helping my anxiety... Preconditioning only seems to extend range number but not help efficiency (which makes sense the truck takes X to push down road and X to heat cab, even with heat pump).

Since I don't need the range for daily trips I don't precondition to save on the input energy.

Cab heating seems to take a ton even when set to 64.

But the weather broke and we have had a couple days in the 40s, reset trip after cab temp stable and see 2.4ish at 60mph...so I'm looking forward to Spring and Fall where it should do way better (like my wife's hybrid Highlander).

So hope for warmer weather and lower electricity costs (mine are only .21, dropping to .17 next month when on EV rate plan...consumers energy in Michigan)

 

[TaxmanHog]

Actually, AI comes very close to what everyone, especially JvdMaat is stating in this forum thread....this is obviously based on averages. If you are paying over 30 cents per kWh, you are not saving much if any.

To determine the break-even point for miles per gallon (MPG) and miles per kilowatt-hour (kWh) for a Ford Lightning, we need to compare the cost of driving the vehicle using electricity versus gasoline. The break-even point occurs when the cost per mile for both energy sources is equal.
Step 1: Gather the necessary data

1. Ford Lightning Efficiency: The Ford Lightning has an efficiency of around 2.0 miles per kWh (this can vary based on driving conditions, but 2.0 mi/kWh is a reasonable estimate).
2. Gas Vehicle Efficiency: Let's assume a comparable gas-powered truck gets around 20 MPG (this can vary depending on the specific model and driving conditions).
3. Cost of Electricity: Let's denote the cost of electricity as CeCe dollars per kWh.
4. Cost of Gasoline: Let's denote the cost of gasoline as CgCg dollars per gallon.

The formulas didn't paste well here so I removed them.
Step 2: Calculate the cost per mile for both vehicles
Step 3: Set the cost per mile equal for both vehicles to find the break-even point
Step 4: Solve for CeCe (cost per kWh) in terms of CgCg (cost per gallon)
Step 5: Interpret the result
The break-even point occurs when the cost of electricity (CeCe) is 10% of the cost of gasoline (CgCg).

• Example: If gasoline costs $3.00 per gallon, the break-even cost for electricity would be:
  Ce=0.1×3.00=$0.30 per kWhCe=0.1×3.00=$0.30 per kWh

Conclusion
The break-even point for the Ford Lightning, in terms of cost per mile, is when the cost of electricity is 10% of the cost of gasoline. For example, if gasoline costs 3.00pergallon,thebreak−evencostforelectricitywouldbe3.00pergallon,thebreak−evencostforelectricitywouldbe0.30 per kWh. If electricity costs less than this, the Ford Lightning would be cheaper to operate per mile compared to a gas-powered truck. If electricity costs more, the gas-powered truck would be cheaper to operate.

Love the theoretical math no dispute.....but the variables are variable
2+ years of Lariat-ER trend of consumption is 1.5 MPK over 22,000 miles
My former PSD F250 got 15 MPG
Current Electric rate is $0.3391 / kWh
Current Diesel is $3.499 / g

In present value 22,000 miles my Lightning has a hair thin advantage.
Electric $4973
Diesel $5132

Regardless of all the numerical machinations, I love my 2022 Lightning Lariat-ER

 

[I <3 My Lightning]

So funny this came up today. I did the math yesterday since Dec 2022. Used 13734 kwh according to my emporia vue. 7.5 cents on average so $1030. 28000 miles with my old vehicle at 21 mpg is about 1330 gallons @ $3.25 is $4322, Saved $3292 in 2 years

I'm from the same state, national grid customer. Yes, perhaps the cost is around 8 cents per kwh but that is NOT in including the delivery charges and fees and taxes for each kw. The actual cost per kwh out of pocket is around 21.5 cents. Sometimes it up to a tad over 22 cents per kwh... Depends on the month.

Now if you are on a commercial rate or VTOU rate then perhaps it can get down to about that rate.

You have an emporium and can do the smart charge program and Knock off $15 per month if you sign up for that. But their app is trash and smart meters are now being installed, so it will be a matter of time of TOU rates coming our way.

 

[Lpotter86]

I lucked out and get to charge for free at work.
Worked there for 5 years having EVs the whole time and only ever had to charge at home a handful of times.

 

[bananaslug79]

It saves you not having to go to the gas station

 

[Howard_Scott_Warshaw]

This gotta be a troll post. Who doesn't do at least a little homework before buying an $80k vehicle. Or ANYTHING worth that much. At that dollar value, I'm gonna know more about the item than the person selling it.

 

[Howard_Scott_Warshaw]

Yeah, Mass is expensive. I did the math on my wife's old 2014 F150 vs her new Lightning. At current gas prices ($3/gallon), her old truck doing 15mpg, and the Lightning doing 1.6mi/kWh.
Going off that, it cost about $0.20 per mile in gas, which is $0.32 in gas to get 1.6 miles.
And we pay $0.33 per kWh at home. So the Lightning EV is actually more expensive to charge at home than her gas vehicle was. That really caught me off guard until I saw Average energy prices for the United States, regions, census divisions, and selected metropolitan areas : Midwest Information Office : U.S. Bureau of Labor Statistics
Owning an EV is cheaper than gas everywhere except New England, California, and Hawaii (potentially depending on their gas prices.. Those are also higher)
All the places online that say EVs are cheaper to charge at home than gas never mention the caveat of the few states where electricity is more expensive or on par with gas prices.
(At the efficiencies (15mpg vs 1.6mi/kWh), electricity should be less than 10% of the cost of gas to make home charging cheaper (so if gas is $3, you need to pay less than $0.30 for electricity. If gas is $4, you can pay as much as $0.40 to break even))

This is why EV's pair so well with solar, particularly in MA with it's favorable Net Metering regulations. Back in the winter of 2022 (I think) when NGRID jacked their rates to $0.48/kWh i made SOOOOOO much credit in February and March that I haven't spent it back down yet.

 

[JvdMaat]

This is why EV's pair so well with solar, particularly in MA with it's favorable Net Metering regulations. Back in the winter of 2022 (I think) when NGRID jacked their rates to $0.48/kWh i made SOOOOOO much credit in February and March that I haven't spent it back down yet.

Yeah, I have solar. And two years ago it covered 99% of my electricity (I had a $30 bill in March I think before solar outproduced our monthly usage again). But then we got geothermal, and now the EV.. And our December bill was $700.

 

[MountainAlive]

Love the theoretical math no dispute.....but the variables are variable
2+ years of Lariat-ER trend of consumption is 1.5 MPK over 22,000 miles
My former PSD F250 got 15 MPG
Current Electric rate is $0.3391 / kWh
Current Diesel is $3.499 / g

In present value 22,000 miles my Lightning has a hair thin advantage.
Electric $4973
Diesel $5132

Regardless of all the numerical machinations, I love my 2022 Lightning Lariat-ER

Also in MA and did similar math before purchasing and realized it’d be about 1:1 roughly a bit less for the EV. Hoping to get some solar (payoff on that is about 5 years) and that should offset some of the electrical costs.

 

[chl]

Time to move to Maine $0.11 kWh (heat pump rate, solar in the summer).

Or Virginia, on the EV plus Home billing plan, 4.8 cents (summer) to 5.79 cents (winter) per kWh between 1am and 5am.

My 2023 Lightning Pro: about 1.89 cents per mile
My 2012 Nissan Leaf: about 1.0 cents per mile
Our 2015 Prius (ICE): about 18.0 cents per mile (at $2.70/gal COSTCO gas and 50 mpg)

Other EV benefits: cost of tune ups, oil changes etc.: $0.00

Other EV/Hybrid costs in Virginia: Highway Use Fee (to make up for no gas tax paid at pump):
EV: 1.004 cents per mile (with VA Mileage Choice - up to max of $116.49 per year)
Hybrid: .5810 cents per mile (with VA Mileage Choice - up to max of $67.40 per year)

Sponsored