How much does it cost to own Ford’s electric truck? A Savings of USD$ $32,260 over ten years US only . Could at least a further 50% more Saving in New Zealand and Australia especially with Clean energy bonuses.
Jun 19, 2022 at 5:11pm ET
By: Ben O’Hare of Insideevs.com https://insideevs.com/news/593076/ford-f150-lightning-ownership-cost/
The Ford F-150 Lightning is an incredibly compelling vehicle. Not only is it very affordable to purchase, but being electric it’s also rather cheap to run. There’s no doubt that it’s less expensive to own than an ICE F-150, but just how much less? YouTuber Town and Country TV tried to find out in his latest video.
You may be thinking the F-150 Lightning has just been released, so how can long-term ownership costs possibly be calculated? Well, Mitchell from Town and Country TV used a fuel savings calculator to determine that, over 10 years and 165,000 miles, a Lightning would cost $11,070 ($1,107 per year) to run at current electricity prices. For comparison, an equivalent gasoline F-150 would cost $43,330 ($4,333 per year) to fuel over the same period. That doesn’t account for public charging, but you have to remember the vast majority of people predominantly charge at home. So you’re saving $32,260 on fuel alone if you decide to keep the Lightning for a decade.
Mitchell determined that the break-even point for a high-spec Lariat Lightning versus an ICE Lariat was around 20 months. One thing that could not be calculated was maintenance costs, as the Lightning has not been around long enough to gather sufficient data for that area. However, EVs are a lot less complex than ICE vehicles and typically are much cheaper to maintain. Quite simply, there are fewer things that can go wrong in an EV.
Mitchell outlined that EVs are fast, fun and convenient. He believes now is the right time to make the switch, and that’s why he has an F-150 Lightning on order
Further Comments by Solarman:20.06.2022
One thing that could not be calculated was maintenance costs, as the Lightning has not been around long enough to gather sufficient data for that area. However, EVs are a lot less complex than ICE vehicles and typically are much cheaper to maintain. Quite simply, there are much fewer things that can go wrong in an EV.
I believe it (has) been established that TESLA battery packs are good for about 10 years of regular use and some have had actual cost estimates of $20K for a factory new battery pack and about $4K for labor. IF one adds this type of cost back into the 10-year-old truck you’ve saved about $8,200 in fuel costs.
NOW, let’s talk about Ford’s V2G option. IF you charge up your truck semi-regularly at a public fast charge station and use the truck ‘fairly regularly’ for V2G to lessen overall home electricity costs, how does this affect the battery pack longevity and then how much will the Ford heavy nickel use battery sometimes called out as the Ford 9.0-0.5-0.5 battery chemistry cost to replace as how often will depend on the duty cycle of the battery pack during its many uses over the years. Right now from ‘just’ the price point differential from the models of F150 eLightning and the same model ICE vehicle, I’m seeing about a $25K premium between ICE to BEV. This would be a good starting place at the cost of replacing a battery pack in the Ford. The Ford (may) be less complex for battery pack R&R but a $25K battery pack and maybe $2,500 labor for the R&R is still $27,500 for battery pack replacement.