electric miles are more costly than gas miles???

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This op/ed by (of all things, the Cato institute) is a pretty good analysis except for the assertion that oil companies pay their 'fair share' of taxes compared to other S&P companies. That was laughable since it looked at net revenue -- which is exactly where the subsidies manifest!

 

They get to write off all or nearly all exploration costs, IIRC.

 

Every business gets to write off their costs of doing business...doesn't matter if it is the cost of supplies, building a factory or whatever. There are numerous different rules that vary by industry on how quickly different things can be written off...such as, perhaps, 5 years for equipment, 30 years for buildings. It is a bit of an advantage to be able to take deductions in fewer years than more years. But once you have a long term, profitable, steady state business I don't see how it makes any difference (as long as the rules aren't changing). If it is a 5 year write off vs 1 year...that means that this year a company could be deducting all of last year's expenses or 20% of last year, 20% of the previous, etc.

Mike

 

So you're ok with giving tax breaks to wildly profitable businesses, as long as the tax breaks are consistent? How do you feel about SNAP benefits being cut?

 

Appreciated deductions = money because they reduce lending costs. If you read the links I posted above you will also note that the oil industry gains credits rather than deductions in addition to oil industry specific deductions.

 

I think that, generally, all businesses should be treated equally from a tax perspective.
It is also constructive to understand that businesses don't technically pay any taxes...their customers do.
I'm all for big oil paying taxes. But when you look at a company like Apple that everyone tends to love, it is interesting to compare taxes paid, jobs provided, jobs outsourced and profits, etc.

As far as SNAP goes...tax collections and expenditures are so disconnected you could make the case to just raise taxes to 100% if you were to use the "needy" logic. Generally, I think we should have a strong safety net for people, but people shouldn't be able to stay on benefits forever without some work requirement involved...true disabilities excepted.

Mike

 

I think that if you look into SNAP, you'll find that your idea of who is on it is...outdated. Most people work, and most of the ones who don't are children. The rest are the elderly and disabled. Your ideas on taxes are perfectly in line with the PR that the oil companies put out, so I guess it's a good return on their investment.

 

Okay I reran the numbers in my spreadsheet today. Because it is winter and our EV range is down to about 11 or 12 miles, I am averaging up to 12. Summer, I assume 13.5-14 miles of EV range.

A full charge with 100%HV is 2.9 kWh (with charging losses, as displayed by a charge point station in my area). If you run the HV down, it may get up to 3.0 or 3.1 kWh.. YMMV.




Petrol prices in SoCal are around 3.49 / gallon
PETROL: $.0698 Cost Per Mile (CPM) | $3.49 / 50 Miles


SoCal Edison Energy prices:
TIER 1: $.0290 CPM | $1.45 / 50 Miles
TIER 2: $.0387 CPM | $1.93 / 50 Miles
TIER 3: $.0653 CPM | $3.26 / 50 Miles
TIER 4: $.0749 CPM | $3.75 / 50 Miles [EV MORE EXPENSIVE]


Note this is only winter calculations.. in the summer because we achieve more EV range, and gas tends to go up in price, EV miles are cheaper.

 

What are the high & low temperatures for winter in SoCal?

 

Well done. I was curious what the actual $/kWh is is SCE. This is from their website:




Once you add in taxes and fees I estimate the marginal rates are some 10% higher so 2.9 kWh of tier3 costs about 86.1 cents and tier4 costs 99 cents. For 11 miles that works out to 7.82 cents a mile in tier 3 and 9 cents a mile in tier4.
This analysis shows clearly why EV in CA owners tend to also put up PV as a $ consideration: Paying for EV miles in tier 3 or 4 is not pretty.

 

About the same

 

PiP is already very frugal with electricity because it was designed for lower speed. EV miles will cost more with other plugins, especially driving at higher speed.

Cleaner electricity is more expensive Than average 12 cents. The benefit is the cleaner air.

Puttin up PV is a good idea but it is also highly subsidized. Cost to benefit becomes the question. Despite all those, PiP is one of the cleanest plugins to own in CA. It happens to have midsize interior unlike others.

 

Southern California winter lows and highs are terrible.. 50 at night 70 degrees during the day.

Don't move here.. you'll hate it!

 

Yeah, with those kind of dramatic temp shifts I'm not surprised you have already lost 20%+ of your EV range