Comprehensive comparison between fuel vehicles and new energy vehicles: what is the difference?

As oil prices continue to rise, many fuel car owners are lamenting the increasingly high cost of owning a car

As oil prices continue to rise, many fuel car owners are lamenting the increasingly high cost of owning a car, and are therefore turning their attention to the new energy vehicle market.

It can be said that the development of new energy vehicles in China is extremely rapid, with various cutting-edge technologies emerging one after another, frequently attracting public attention and making many car enthusiasts excited. However, high prices, limited range, and inadequate charging facilities have caused many consumers to hesitate and stop. At the same time, some people are curious about the advantages of gasoline vehicles compared to new energy vehicles, and how to choose between the two? Next, we will delve into the advantages and disadvantages of these two car models, analyze the differences between them, in order to provide useful reference for your car purchase decision.

1、 Fuel Economy Comparison: New Energy and Fuel Vehicles

Recently, oil prices have slightly increased again, with a rise of 500 yuan per ton. According to the current oil prices in China, 92 octane gasoline costs 7.44 yuan per liter, while 95 octane gasoline costs 8.27 yuan per liter. In terms of estimation, the annual driving mileage of an average household in China is about 20000 kilometers, and the fuel consumption of a gasoline car is about 8 liters per 100 kilometers. Based on this calculation, the cost of 92 octane gasoline per 100 kilometers is 59.52 yuan, with an annual expenditure of approximately 11840 yuan; The cost of 95 octane gasoline is 66.16 yuan, with an annual expenditure of 13232 yuan.

What is the cost of electricity for new energy vehicles? Taking BYD Han as an example, this domestically produced pure electric vehicle has attracted much attention in the past two years. Its battery capacity is 76.9kw · h, with a range of up to 550KM. If using Chengxiang Speed Charge, the battery power can be increased from 30% to 80% in just 25 minutes. For domestic standard electric vehicles, the power consumption per 100 kilometers is about 15 degrees. Assuming the electricity price of the Chengxiang Speed Charging Station is 0.9 yuan per kilowatt hour, new energy vehicle owners only need to spend 68 yuan to run more than 500 kilometers after the battery is exhausted, and even if they drive 20000 kilometers, they only need to spend 2472 yuan.

The price difference between the two is significant, and new energy vehicles seem to have a clear advantage. However, upon deeper reflection, we will find that the core purpose of the government's vigorous promotion of new energy vehicles and the provision of various subsidies and preferential policies is to encourage the public to purchase them. Among them, saving fuel costs is an important consideration factor. With the popularization of new energy vehicles, China's dependence on oil will be significantly reduced, which not only contributes to environmental protection, but also effectively protects China's limited oil resources. By purchasing new energy vehicles, we not only reduce the burden on the earth, but also contribute to the country's energy security.

2、 Maintenance

Automobiles and humans have similar needs, both requiring regular "health check ups" to ensure health and safety. For cars, this' physical examination 'is maintenance. The purpose of maintenance is to extend the service life of the car, as key components such as tires, brake pads, and brake fluid will wear out during long-term driving. In order to detect and solve problems in a timely manner and improve the performance of the car, we usually recommend maintenance every 5000 kilometers.

Next, let's discuss the maintenance of traditional fuel vehicles. Usually, when performing maintenance on traditional fuel vehicles, the main task is to replace the engine oil and filter element. The cost of such "minor maintenance" is approximately between 300 and 400 yuan. If a more comprehensive "major maintenance" is required, such as four-wheel alignment and replacement of air conditioning filters, the cost will increase accordingly, reaching around 800 yuan per maintenance.

Next, let's turn to the maintenance of new energy electric vehicles. The maintenance of new energy electric vehicles focuses on the maintenance of the engine and battery, but their maintenance needs are not frequent, sometimes even extending to once a year. Compared to traditional fuel vehicles, the maintenance cost of new energy electric vehicles is more affordable, usually around 100 yuan per maintenance, and even imported models only cost three to four hundred yuan. This makes the maintenance cost of new energy electric vehicles significantly better than traditional fuel vehicles, winning another advantage in this round of comparison.

3、 Insurance costs

The cost of car insurance is usually closely related to the price of the car. Due to the cost difference between gasoline vehicles and new energy vehicles, their car insurance fees will also vary. Generally speaking, the price of damage insurance for new energy vehicles is relatively high. This is mainly because new energy vehicles are equipped with high cost components such as batteries, motors, and electronic controls. In the event of a collision, these components may need to be replaced, resulting in a significant increase in repair costs. In addition, battery life is also an important factor affecting insurance costs, so it is understandable that the insurance costs for new energy vehicles are relatively high.
At the end of 2021, the China Insurance Industry Association issued specialized clauses for new energy vehicle insurance, further expanding the insurance liability of new energy vehicle insurance. These clauses cover scenarios such as the risk of spontaneous combustion, external power grid failures, and the risk of charging pile damage. As a result, there has been a significant increase in car insurance costs for high-value models in the new energy vehicle market. For example, the premium for the Tesla Model Y high-performance version has significantly increased from 8278 yuan to over 14000 yuan, an astonishing increase of over 100%. Meanwhile, the car insurance premiums for Xiaopeng P7 and NIO ES8 have also increased from 4910 yuan and 6100 yuan respectively to 6370 yuan and 7840 yuan. However, for new energy vehicles priced below 250000 yuan, their insurance premiums have mostly remained stable, and even some models have seen a reduction in insurance premiums.

The insurance for fuel vehicles, on the other hand, is relatively simple, with basically the same types of insurance, mainly priced based on accident records. Although there may be slight differences between different brands, overall, the insurance costs for gasoline cars mostly fall within the range of 300 to 7000 yuan. In contrast, the insurance cost for new energy vehicles in the same price range is usually about 2000 yuan higher. Perhaps with the gradual reduction of the manufacturing cost of new energy vehicles, their car insurance prices are expected to gradually approach those of fuel vehicles. But for now, in this round of comparison, gasoline cars clearly have an advantage in car insurance costs.

4、 Value retention rate

The resale value, in short, refers to the value of a car in the second-hand car market if the owner has the intention to replace it after a period of use and the vehicle has not been scrapped. Fuel vehicles perform well in this regard, even after two or three years of use and unintentional wear and tear, their resale value can still reach around 70%. It is worth mentioning that Japanese cars dominate in terms of resale value.
On the other hand, new energy vehicles generally have low resale value due to their battery characteristics. In the latest resale value ranking, although two domestic cars made it into the top ten, their resale value still failed to exceed 60%. Meanwhile, although the new energy vehicle market often experiences monthly sales exceeding 10000 yuan, they are not popular in the second-hand car market. Even at a low price, there are few buyers.

Relevant data reveals that, with the same positioning, price, and mileage, the resale value of fuel vehicles is generally higher than that of new energy vehicles, with a gap of up to 20%. Of course, this is not absolute, as even well-known brands such as BMW and Mercedes Benz are gradually declining in their resale value, making it difficult to guarantee that the resale value of gasoline cars will continue to remain high. In addition, with the increasing policy support from the government for new energy vehicles and the growing market share of new energy vehicles, the market position of fuel vehicles is indeed facing significant challenges. If the price of fuel vehicles drops significantly in the future, their resale value will inevitably be affected. Therefore, in the current situation, fuel vehicles do need to put in more effort to maintain their advantageous position.