T&E: ‘EVs are cheaper to run than diesel’
According to the latest study from the NGO Transport & Environment (T&E), electric cars have become ideal for taxis and Uber drivers in key European capitals.
The combination of high mileage and cheap electricity compensates for the higher purchasing price and makes medium-sized BEVs on average 14% cheaper to run than the equivalent diesel.
“This is a win-win-win situation for drivers, citizens, and the planet. The sooner Uber and taxis go 100% electric, the sooner citizens will enjoy cleaner air and quieter neighborhoods, the planet will have less climate-wrecking emissions, and drivers will earn more money,” explains Yoann Le Petit, new mobility expert at T&E in charge of the study.
T&E’s findings are somewhat logical. The numbers of electric cars are slowly but steadily increasing, and that drives the prices down. Furthermore, with cheap electricity, the price difference with conventional ICE cars reduces the more kilometers are driven.
In the NGO’s calculations, low-cost electricity is imperative to benefit from the better TCO (total cost of ownership) over four years. Otherwise, EVs will still be more expensive overall than the equivalent diesel. “This is particularly true in Brussels and Berlin where the financial advantage is less clear,” notes T&E.
However, in other key EU cities, such as Paris, Lisbon, or Madrid, a medium-sized EV such as a 62 kWh Nissan Leaf is on average 14% cheaper to run than a diesel Skoda Octavia. This is especially true for taxis and Uber drivers who drive more than 60 000 km per year or 300 km per day.
All except premium
In nearly all other categories, electric cars are cheaper to run. On average, a 40 kWh Nissan Leaf is 9% cheaper than a diesel Fiat Tipo over four years. In Paris, that difference grows to 20% cheaper.
Even a 54 kWh Tesla Model 3 Std Range is 13% cheaper to run than a diesel Mercedes C 180d. Only in the premium segments are electric cars more expensive to run compared to the diesel alternative.
Charging, however, is still the biggest issue. “Charging is a key barrier to the choice of EVs by professional drivers. Because slow charging is cheaper and publicly accessible but it takes several hours, slow-charging stations in residential areas where drivers live are key to reducing operating costs.
In parallel, dedicated fast chargers are needed for EV drivers to top up during the day while having a break or waiting for customers,” explains Transport & Environment.