Electric vehicle charging costs in the world, Vietnam and the economic problem between electric vehicles and gasoline vehicles
To answer the questions: Which countries have the most expensive electric vehicle charging costs and which countries have the cheapest? What is the difference in fuel costs to travel 100 km between a gasoline car and an electric car? Per kilometer, how much money can car owners in Vietnam save when choosing electric cars?... GREEN IN collects an article updating some information below from Vietnam Energy Magazine experts for readers to refer to.
Nowadays, buying a car with multiple people can be a difficult decision. Because there are many factors to consider to determine which type of car suits your needs and budget. You not only spend the upfront cost to buy the car, but also the operating and maintenance costs to continuously use the car. One of the options worth considering today is whether to buy a car powered by a traditional internal combustion engine, or an electric vehicle (EV)?
One of the main reasons to consider an electric vehicle is the potential cost savings from charging the vehicle, instead of buying gasoline – fuel can be expensive and electricity can be a more economical option. Additionally, with renewable energy sources on the rise in many places (including Australia), electric vehicle adoption is greener than ever.
As experts at comparing energy prices and helping Australians reduce their bills, we wanted to find out which countries are the cheapest to charge electric vehicles and where you can save the most on electricity costs by using electricity, instead because of gasoline.
To achieve this goal, we looked at data for 50 different countries globally and compared them to see which countries have the most electrification deals and which are overcharged.
The car we used to compare costs is the latest model from the Hyundai Kona, as it comes in both a traditional gasoline version and a pure electric version. We compared the Elite variant of both to make the comparison as fair as possible and chose to look at the electric variant's standard engine.
The Hyundai Kona Electric (standard model) has a 39,2 kWh battery and an estimated range of 305 km. Meanwhile, the comparison gasoline model has a 50-liter fuel tank with an estimated range of 806 km (calculated from listed fuel consumption data).
STATISTICAL TABLE COMPARING FUEL COSTS TO TRAVEL 100 KM BETWEEN GASOLINE VEHICLES AND ELECTRIC VEHICLES IN 50 COUNTRIES (EXCEL FILE):
CHART IMAGE COMPARING THE DIFFERENCE IN FUEL COST TO TRAVEL 100 KM BETWEEN GASOLINE VEHICLES AND ELECTRIC VEHICLES IN 50 COUNTRIES:
Countries with the most expensive electric vehicle charging costs:
1. Denmark and Italy:
Denmark and Italy are the countries with the most expensive electric vehicle fees. In both countries, electric vehicle owners will have to spend A$11,26 (US$7,49) on electricity for every 100km driven. This is more than double the average across all countries we studied, which is A$4,85 (US$3,23) per 100km.
In both countries, it will cost A$34,34 (US$22,85) to fully charge the battery from empty. Denmark is also the fourth most expensive country to refuel, costing A$152 ($101,15) to fill the 50-liter tank of a gasoline-powered Hyundai Kona. Italy is not a bad place for petrol car owners, coming in 20th most expensive place with a price of A$125,40 (US$83,45) for a full tank of gas.
The price per 100km for the gasoline model in these countries is A$18,86 (US$12,55) and A$15,56 (US$10,35), respectively, both more expensive than the overall average of A$13,79 (US$9,18).
Interestingly, of the countries we looked at, Italy has the least incentive (in terms of fuel costs) to choose an electric model over an internal combustion engine, with motorists only saving get 27,62% of your fuel bill per kilometer by using electricity.
2. Germany:
Germany is the second most expensive country on our list. The country has a rich automotive history and is home to some of the biggest names in traditional car manufacturing, including: Audi, BMW, Mercedes-Benz, Porsche and Volkswagen.
However, despite this pedigree, owners of the electric car we chose will have to pay A$10,83 (US$7,21) per 100km – more than double the average in all countries.
When the battery runs out, electric car owners in Germany will have to spend A$33,05 (US$21,99) for a full charge.
The European country does a little better when looking at gas prices, dropping from third to eighth most expensive, at A$17,80 (US$11,84) for 100km of driving. runs on gasoline.
Electric vehicle owners in Germany are saving 39,12% on fuel bills per kilometer compared to traditional vehicle owners, the fourth lowest among the countries we looked at.
3. Belgium:
Belgium ranked third in our index, with electric vehicle owners needing to spend A$10,20 (US$6,79) on a charge to travel 100km.
Meanwhile, petrol users pay A$16,75 (US$11,15) to travel the same distance. Belgium is the 13th most expensive country for gasoline.
Electric car owners in Belgium only save 39,13% more money per kilometer than petrol owners (only 0,01% more savings than Germany, making them the worst country in the world). fifth on our list for this indicator).
4. Lithuania and Austria:
The fourth most expensive spot on our list is another “draw.” This time it's between Austria and Lithuania – two European countries that cost electric vehicle owners A$9,77 (US$6,50) worth of electricity per 100km.
The largest Baltic country, Lithuania, fares slightly better than its Central European counterpart in terms of gas prices. Lithuania costs A$15,33 (US$10,20), compared with Austria's A$15,85 (US$10,55) per 100km driven with a petrol engine.
However, this means that overall Austria is slightly better motivated to choose electric vehicles, with electricity savings of 38,33% (compared to Lithuania's 36,23%) per kilometer compared to runs on gasoline. This leaves Lithuania and Austria ranked second and third worst in this index, respectively.
5. Netherlands:
Coming in fifth place, energy prices in the Netherlands will cost electric vehicle owners A$9,56 (US$6,36) per 100km.
Petrol users fare slightly worse at A$18,38 (US$12,23) per 100km (sixth most expensive). Overall, the price per kilometer for electric vehicles in the Netherlands is 47,99% lower than for gasoline cars.
Of the five (or in this case, seven) most expensive countries on our list, the Netherlands has the highest fuel cost incentives to buy an electric vehicle. However, this is still much lower than the average savings of 5%.
Countries with the cheapest electric vehicle charging costs:
1. Argentina:
In contrast, the country with the cheapest electric vehicle charging costs on our list is Argentina. The South American country allows owners to fully charge their car's battery – from empty – for just A$2,12 (US$1,41). That's just A$0,70 (US$0,46) per 100km, 6% less than the cost per kilometer of recharging in Denmark, or Italy.
At this speed, an electric vehicle driver could travel the entire length of Highway 1 (a 14.500 km national highway in Australia that stretches along the entire coast of the country) for just over A$100 (66,55 .XNUMX USD)!
In fact, Argentina is the country with the highest cost of promoting electric driving. Incredibly, driving an electric car in Argentina will save you 92,59% on fuel costs per kilometer.
Despite this, Argentina still boasts relatively cheap gas prices – a 100km drive uses just A$9,38 (US$6,24) worth of gas, putting Argentina in 7th place overall. survey" about the countries with the cheapest gas costs.
If a driver traveled on the same Highway 1 with a gasoline car (at the Argentine exchange rate), they would have to pay more than A$1.360 (about US$905).
2. Malaysia:
Costing just A$0,97 (US$0,64) for 100km of driving, the Southeast Asian nation of Malaysia ranks second for the cheapest places to charge an electric vehicle. Interestingly, Malaysia also has the cheapest gas prices on our list (A$4,19/US$2,79 per 100km), making it a relatively affordable place to go. Reason to fill up regardless of your engine!
3. India:
The most populous country on earth is also the third cheapest place to charge electric vehicles on our list. Hyundai Kona Electric owners in India can recharge for A$1,43 (US$0,95) per 100km. India also ranks second in terms of savings rate, with 88,26% savings compared to gas prices per kilometer.
4. United Arab Emirates:
The United Arab Emirates (UAE) scores extremely well on both our electric and gasoline vehicle indexes. Coming in fourth place for cheapest EV charging, the cost for a 100km range is just A$1,53 (US$1,02).
In contrast, the UAE ranks third in terms of gas prices, at A$8,37 (US$5,57) per 100km. Overall, drivers in the UAE can save 81,77% on their fuel bills by using electricity.
5. Vietnam:
Ranked fifth with the cheapest price in both categories, Vietnam proves to be a relatively affordable country for car owners who want to fill up their gas tank or top up their electricity bill. On average, Vietnamese electric vehicle owners will have to pay A$1,55 (US$1,03) per 100km fee, while traditional gasoline vehicle owners have to pay A$9,37 (US$6,23) per 100 km.
Per kilometer, Vietnamese car owners save 83,51% when choosing electric cars.
Where can you charge your car most cost-effectively?
Of all the countries we looked at, Norway and Iceland boast the biggest net savings when charging compared to filling up with gas. Choosing an electric vehicle will save you over A$150 (about US$100) per top-up in both countries. The next biggest savers by this index on our list are Switzerland (A$139,36/$92,74), Israel (A$133,99/$89,17 US$) and Greece (A$130,16/US$86,62).
However, when we look at the percentage savings per kilometer, as mentioned before, Argentina saves electric vehicle drivers over 92% on equivalent gasoline costs (while also being the cheapest country in the world). Our list is in dollars per 100 km of electricity).
The other top-ranking countries in this category are India (88,26%), Norway (87,40%), China (86,97%) and Iceland (86,40%). The average in this category only saves 66%!
What is interesting to note is that even in cases where a country ranks higher, or equally, on the list of gasoline prices compared to electricity prices, each mile of an electric vehicle is still much more cost-effective than other vehicles. internal combustion vehicle.
How do electric vehicle charging prices in Australia compare to other countries?
Compared to the other countries we looked at, Australia is only slightly above average when it comes to electric vehicle charging prices. In Australia, electric car owners pay A$4,50 for electricity for every 100km driven, making it the 28th cheapest car overall. From running out of fuel, it will cost A$13,72 to fully charge the Hyundai Kona Electric's 39,2 kWh battery.
Australia, on the other hand, boasts fairly low fuel prices, coming 9th on our list at just A$79,89 to fill a 50 liter tank – significantly better than the global average is A$111,15. This comes out to A$9,79 per 100km.
Overall, high electricity prices and low gas prices create relatively little incentive to use electricity compared to other countries on our list – at least in terms of fueling/refilling prices.
However, there are still savings to be made and there are other reasons to consider electric vehicles over traditional gasoline vehicles. For example, the environmental benefits cannot be overlooked because by driving an electric car, you can reduce carbon emissions, reduce noise pollution and help contribute to cleaner, healthier air – especially in cities with much higher vehicle density.
Additionally, as renewable energy becomes more popular, the emissions intensity of electric vehicles will continue to decrease. For example, according to the 2022 Climate Transparency Report: Australia produced an average of 625,6 grams of carbon dioxide for every kWh of energy produced in 2021, higher than the G20 average of 444,7 gCO2/ kWh. However, Australia's emissions intensity is also falling at 18,1% over five years compared to the G5 average of just 20%.
This means that in Australia, Hyundai Kona Electric drivers can effectively produce 80,41 grams of CO2 per kilometer driven, compared to 148gCO2/km for the petrol variant.
Energy director at Compare the Market, Meredith O'Brien explains: If you have solar panels, charging your electric vehicle during the day whenever possible can help offset the electricity costs of running an electric vehicle. .
In Australia, some energy suppliers offer special electric vehicle tariffs for overnight charging (during off-peak periods), to help reduce the cost of running an electric vehicle.
These rates can be significantly lower than typical peak electricity rates, O’Brien said. And driving electric is a great way to help reduce your carbon footprint, but it's not the only thing you can do to live a greener lifestyle.
If you're thinking about switching energy plans, why not try Compare the Market's free energy comparison service to see what energy plans are available in your area? By looking at a range of options, you can find a deal that's right for you./.
Original article: The most expensive countries to charge an electric vehicle | Compare the Market
NGUYEN HUU KHOA – EXPERT OF VIETNAM ENERGY MAGAZINE; LECTURER, HCMC ELECTRICAL COLLEGE. HO CHI MINH
*Source: Vietnam Energy Magazine - Agency of Vietnam Energy Association