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This is going to make electric cars extremely cheap once the million mile battery is out. Probably at least 50% cheaper given the money you can make selling off
by spectrum1234 6y ago
This is going to make electric cars extremely cheap once the million mile battery is out. Probably at least 50% cheaper given the money you can make selling off peak electricity at peak prices.
Electricity costs by me since I switched to time of use are 4x as much on peak vs off. My Tesla costs about $6 for a full charge off peak. It seems like its easy to make (4-1)* 6 = $18 a day off of this the car as it home. Let's say $10 after conversion loss and battery wear, etc.
Once you buy any other hardware needed (I think they are $2k-4k now), this seems like free money.
Worst case, car is home during peak 2 days a week and $10/day gain, $4k system: 2.5 year payback period and then $223/month income
Best case, car is home during peak 5 days a week and $15/day gain $2k system: 26 week payback period and then $322/month income.
The best case over 10 years is worth $38,700.
However the biggest opportunity here is probably for Tesla to lease the battery to consumers. The car will be discounted significantly if you can plug in 3 days a week near peak usage.