Want to avoid the Christmas petrol price gouge? Go electric | RenewEconomy

Want to avoid the Christmas petrol price gouge? Go electric

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The profit margins on retail petrol prices, alone, are equal to an off-peak kilowatt-hour of electricity. So what’s stopping you from going electric?

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As the usual reports of petrol prices rising for the Xmas silly season start coming in – perhaps it is a timely reminder that if you owned one of the current crop of long-range EVs, your fuel costs are locked in for the time of your electricity tariff contract.

They are not subject to the weekly/seasonal fluctuations in the retailer’s choice of profit margin.

An interesting factoid here is that the recent average difference between the retail price of petrol and the wholesale one is 24.7c a litre.

That’s equivalent to the total off-peak per kWh rate for many households.

(BTW: 1kWh of electricity will get a Renault Zoe approximately 7.5km according to its Green Vehicle guide sticker energy usage. 1L of fuel will get you approximately 14.3km at 7L/100km).

Simply put – the fuel profit margin alone will get your EV half the distance that one litre of fuel at the price of $1.40 (91RON ULP) would get you today.

Read the full story on RenewEconomy’s electric vehicle-dedicated site, The Driven…

You can also sign up to The Driven’s regular, and free, newsletter here.

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