Which is cheaper, an old petrol car or new electric Tesla Model Y? When you add up depreciation and running costs and average it out over its life some really fascinaing data is revealed.

This question seems so simple but in fact it's really rather complex to answer and it's definitely not the same answer for everyone. Factors like if you can charge at home, how often you change cars, how much public charging you do and even when you charge all play a huge role in deciding the answer.

In this video I'm going to go through a fascinating spreadsheet that I made to get a real handle on the true cost of ownership of a petrol car vs an electric car.

Interestingly I actually even base my comparisons on an old petrol car compared to a new electric car to really see if the running costs can offset the initial purchase cost.

It seems as though there are a lot of videos coming out trying to get views just by claiming electric is now more expensive than petrol just because public charge costs have gone up. The reality if you can charge at home is very different.

You can download the spreadsheet here: http://benvallack.com/downloads/Car-c...

Contents:
0:00 Intro
0:44 The Banger
1:25 Depreciation
2:46 The Test Cars
3:38 Repair Costs
5:08 Running Costs
8:05 Cashflow Caveat
10:36 High Mile Economics
11:22 Bonus Number 1
12:43 Bonus Number 2
13:24 Bonus Number 3

--------------------------------------------------------------------------
🎬 My YouTube camera gear:
--------------------------------------------------------------------------

Using these links to buy items helps support this channel at no cost to you!

📷 Camera:
Amazon UK: https://amzn.to/3fFHMQO and https://amzn.to/3Zjn9QH
Amazon US: https://amzn.to/2VasWIQ and https://amzn.to/3vLBdVM

📸 Lenses:
Amazon UK: https://amzn.to/36cawNP https://amzn.to/36eVZ3W https://amzn.to/3VOIkat
Amazon US: https://amzn.to/3q8QY4Y https://amzn.to/3QkVOJQ

🎤 Mic:
Amazon UK: https://amzn.to/36cVgjM
Amazon US: https://amzn.to/36bAyAU

🎧 Audio interface:
Amazon UK: https://amzn.to/3mfkAeN

💡Studio light:
Amazon UK: https://amzn.to/3Csigdo
Amazon US: https://amzn.to/3IYDimb

🎶The music in my videos:
https://artlist.io/Ben-572654

🔌Save £50 when you switch to Octopus Go with this link (UK): https://share.octopus.energy/aqua-eag...