At Fuel Included, we have run our Total Cost of Ownership (TCO) Calculator on a real-life example to help show the way the costs break down, and the considerable savings that can be made.
Today we have gone head to head with an all Electric Renault ZOE Dynamique 40 kWh, and a Petrol engined Renault CLIO Dynamique Nav TCe 90.
We have taken a commuter travelling into central Milton Keynes each day and parking as our representative driver. These tables show the total monthly cost* by summing all costs for the three year period of the lease and dividing them by 36.
Total Cost of Ownership
Even at the lower ranges of driving there are significant cost savings to be made. However, we see that as the mileage increases, the money to be saved is simply staggering.
Please contact us if you would like us to assess the cost of ownership of an electric car for your use case.
*Assumptions made for these calculations:
Petrol price from Sainsbury’s Bedford £1.21 per litre.
Electric charging is home charging plus 10 charges per year at £6 per charge from the Ecotricity rapid charge network.
Under warranty I took my Renault ZOE into my dealership for a repair following an amber light warning of an electrical fault. I later had a call to say my ZOE would need a new part that was on back-order. It could take up to 4 weeks to get my Electric Car back and whilst I waited I would be sorted out with a regular petrol car arranged through a hire car company.
With no Electric Car solution available, I was given a small, manual transmission, Renault Twingo. I really didn’t want to drive a regular petrol car, not only would I not be driving ‘Green’ but I would also be liable for some hefty parking fees at my place of work and of course the cost of petrol. Parking is usually free for an Electric Car in the city and charging is payable monthly and costs me less than £15 for the month.
Having totalled my estimated 4 week spend on parking and fuel at around £250 I asked the dealership if they would cover these costs, incredibly they said no but at my request they gave me the number of Renault Customer Services so I could raise a case with them.
Thankfully the person I spoke to completely understood the situation and took swift action to make sure I had a car within an hour, also agreeing and confirming that all associated costs (parking and fuel) would be paid back to me at the end of the rental (subject to supply of receipts). Phew! – that was at least something.
It’s not ideal, I would still much rather be driving an electric hire/courtesy car, every time I turn the key in the ignition and the engine rumbles to life I can’t help but feel incredibly guilty for my short journeys’ CO2 emissions, it also feels strangely old fashioned.
When explaining the situation to someone they said to me
“well it’s like asking a vegetarian to eat meat for a month”
and in a way I guess it is.
News and comment on the Renault ZOE electric car – quiet, lively, and non-polluting for £300 per month including fuel.