DuracellBunny
Established Member
I have done 10k miles in my MG5 LR, I guess it lost £4k off its brand new price and the leccy it has spent is worth £640 on my current Scottish Power tariff so it has cost me 46p/mile, a quarter of your estimate. SOH of battery is reported as 100% and going with other reports I reckon I am looking at 70-80% SOH after 10 years/150k miles dropping my real life range from 200m to 140m.If you are going to quote p/mile you really need to include the capital cost of the vehicle. Currently I'm running at just under £2/mile having done 12,000 miles in 13 months.
My previous ICE which I had for about 2 years till it died ended at about 24p/mile, and the one before that I had from new for 14 years till that died ran out at 18.2p/mile - total lifetime costs including tax, tyres, servicing and £50 back from the scrap dealer at the end.
To match that the MG5 will need to get close to 140,000 miles with mostly free (local solar) leccy. At current rates that means about 11 years, by which time the battery will be getting pretty knackered.
Of course in 11 years the price of petrol might be around that of vintage champagne today plus all of the black swans (positive and negative) flying around just out of sight.
My point being that current p/mile for fuel only is a pretty meaningless comparison - the £5k (minimum) premium that you pay for a new EV rather than equivalent ICE is going to add 5p/mile over 100k miles anyway.
By then I would had saved £20k in fuel costs alone compared to my old Audi A3 50mpg diesel.