Rising Oil Prices, Malaysia (part 3): Is electric car viable? Chapter 2..

Sori Eddie, why I talked more about renewables is bcos you will only really go greener if you change from from fossil fuel to renewables. Grid energy using fossil fuel is just the same as burning petrols elsewhere. But if your grid taps into renewables (hydroelectric most common in Malaysia), it's practically Zero Emission. Don't you worry about climate change?? Hurricane Gustav and Ike and the flooding that we currently experience in Malaysia is just the tip of the iceberg. Don't we want to leave the earth without our grandchildren suffering the results of our misdeeds? But this should belong to a totally different topics..

Ok let's talk numbers. I believe it's really is 100,000 miles = 160,000km
How long is that? 160,000km / 20,00km per year = 8 years
Spread the EV (Electric Vehicle) battery premium; RM20,000 / 8 yrs = RM2500 yearly

I pay petrol around; RM360 monthly x 12 = RM4320 yearly
Assume I can save 7 times worth petrol if I go electric.. (1)
If I drive EV, I only pay; RM4320 / 7 = RM617
So I save on petrol; RM4320 - 617 = RM3702 yearly

Yearly I actualy net saving going EV; RM3702 - 2500 = RM1202 yearly.
By the time I need to replace battery, I have; RM1202 x 8 = RM9622

That's already half the cost of the battery premium. That is assuming that you really need to replace it. They might last longer though, but degraded quality. Kinda like you cellphone battery (I believe it's the same technology). Let's say with R&D they can reduce the battery cost to only RM12k, well you just need to top up RM2500.

Also, maintenance of electric motors should be less than combustion. With everything else equal, you don't need to change the engine oil, air filter (is it?), gearbox oil that often. Plus, regenerative braking, DC air-con. Cool~ Think big scale Tamiya engine..

So bottom line, is it worth going greener for RM2500 premium in 8 years time in the future? You betcha =)

P/S: (1) I got the source from Wiki, from US market condition. Might not be the same scenario here, but I believe it should be close in terms of relativity.