dannnggg... my EV insurance went crazy high this year!
I had to pay 25,000 for a first class insurance for the BYD Atto3 60kWh. that's the cheapest I got.
meanwhile, I have another diesel car, priced way above the BYD, a 2.0MB car, and insurance how much? 14,000 for the 4rd year, dealer 1st class.
I dont think charging stations is problem today with EVs in Thailand. There's plenty, I think it's the insurance and repairs. ( I just did a round trip to Satahip from Bangkok on the Atto3, still have 13% when I got back home, leaving home at 100%)
Having to pay 10,000 baht extra for insurance if it's an EV, can eat up all the cost savings from having an EV compared to Petrol car where insurance is so cheap.
I made a calculation, taking into account Petrol Maintenance, Insurance, gas price and Electricity price:
- EVs are only more economical than a Petrol car if driven more than 12,000 Km/year
- EVs make a lot of sense if you drive at least 20,000 KM/year, where big savings can be achieved.
for example: a BYD Atto3 vs my Toyota Fortuner Legender
What I pay for my Toyota Legender for almost 4 years (since jan 2021):
- Maintenance: 64,000 baht
- Diesel Fuel: 160,000 baht (50,000+ km)
- Insurance: 60,000 baht (4 years)
- Road Tax: 28,000 baht (7,000/year)
Avg cost per year: 78,000 Baht
What I pay for my BYD Atto 3 for the past 2.5 years (20,000 km)
- Maintenance: 500 baht (swap tires once)
- Electricity: 17,000 baht (20,000 km)
- Insurance: 48,000 baht (2 years)
- Road Tax: 3000 Baht (1500/year)
Avg cost per year: 26,000 Baht
even we I drive BYD only 12,000km/year I can still save a lot of money, but I dont recommend to everyone to have an EV.