michael
Well-known member
I work for a smart company that allows EV charging, although there are occasional complaints that it costs the company too much. So here are numbers that show why it really is smart of them to allow it.
I have a 40 mile each way commute. So allowing for charging inefficiency, I put in about 12 KWH at work and 12 KWH at home. Call it $2 at each end. I pay $2 and the company pays $2. Since electricity is a direct cost, it costs the company about $400 a year to the bottom line.
Let's suppose their competitor ("Dumbco") across the street tries to hire me away. We negotiate an arrangement, but the remaining sticking point is that Dumbco refuses to allow EV charging, says it costs too much. I ask them if they will up their offer just enough to cover the difference in my out-of-pocket for fuel alone (never mind maintenance, etc) in switching back to gasoline, and they won't need to pay for all that electricity. If they agree:
1. My out-of-pocket for electricity was previously $2/day
2. My out-of-pocket for gasoline would become 80 miles/25 MPG, call it 3 gallons at $3.50 or $10.50 per day
3. My additional out-of-pocket is 10.50-2.00 = $8.50 per day; but this is after-tax money. If I'm in a 33% tax bracket (state and federal) I need to add $12.75 per day to my gross salary (before taxes) in order to have $8.50 to spend.
4. If they company has a 50% payroll overhead rate (to cover benefits, payroll related expenses, etc) then it costs them $19.12 per day to the bottom line, or $3825 a year.
So Smartco charged $400 a year to the bottom line and kept me happy because I got to drive my EV. Dumbco charges $3800 a year to make me whole, and I'm still pissed because I don't get to drive my EV, and now I'm paying for oil changes, filters, timing belts, all the ICE stuff. All they had to do was let me plug into a 220 V outlet and everything would have been OK.
So smart companies support EV charging and keep their employees happy at minimal cost
I have a 40 mile each way commute. So allowing for charging inefficiency, I put in about 12 KWH at work and 12 KWH at home. Call it $2 at each end. I pay $2 and the company pays $2. Since electricity is a direct cost, it costs the company about $400 a year to the bottom line.
Let's suppose their competitor ("Dumbco") across the street tries to hire me away. We negotiate an arrangement, but the remaining sticking point is that Dumbco refuses to allow EV charging, says it costs too much. I ask them if they will up their offer just enough to cover the difference in my out-of-pocket for fuel alone (never mind maintenance, etc) in switching back to gasoline, and they won't need to pay for all that electricity. If they agree:
1. My out-of-pocket for electricity was previously $2/day
2. My out-of-pocket for gasoline would become 80 miles/25 MPG, call it 3 gallons at $3.50 or $10.50 per day
3. My additional out-of-pocket is 10.50-2.00 = $8.50 per day; but this is after-tax money. If I'm in a 33% tax bracket (state and federal) I need to add $12.75 per day to my gross salary (before taxes) in order to have $8.50 to spend.
4. If they company has a 50% payroll overhead rate (to cover benefits, payroll related expenses, etc) then it costs them $19.12 per day to the bottom line, or $3825 a year.
So Smartco charged $400 a year to the bottom line and kept me happy because I got to drive my EV. Dumbco charges $3800 a year to make me whole, and I'm still pissed because I don't get to drive my EV, and now I'm paying for oil changes, filters, timing belts, all the ICE stuff. All they had to do was let me plug into a 220 V outlet and everything would have been OK.
So smart companies support EV charging and keep their employees happy at minimal cost
