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Old 01-21-16, 11:13 AM   #26
stevehull
Steve Hull
 
Join Date: Dec 2012
Location: hilly, tree covered Arcadia, OK USA
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Wrytwister

Let's take your numbers and do the math. You use gasoline at $2/gallon, your car at average of 30 mpg. You didn't specify a yearly mileage so let's put in 15,000 miles per year.

With those numbers, the cost of just gasoline is $1,000 per year.

Now let's compare it to the Bolt. It gets 4 miles/kWhr and let's put in the national electric average of $0.10/kWhr. Same numbers of miles driven.

The Bolt "fuel cost" is $375 per year. This is a savings of $625 per year. Assume you own the car for ten years. That is a savings of $6,250.

But the ~ $6K is actually larger than that as money saved has value. Assume a 2% growth of $ and you are up to almost $10k in effective savings over ten years.

Yes, the Bolt will cost more, but I believe the average car is now about $28,000 and a $30,000 car (after tax credit) is not much more extravagant than that average cost.

Yes, you do need a charging circuit for an EV, but oil changes, filters, scheduled engine maintenance etc for a gas fueled vehicle are far more expensive in the long run.

And the rebate for an EV is not the government's money it is YOURS. This is a tax credit that lowers the federal taxes you have already had deducted from your paycheck.

As for the electric grid, remember that most cars are parked at night when the grid is least used - and when most people will charge up an EV.

Not for everyone, but compared to the 15-50 miles per charge on the existing EC/plug in cars, the Bolt with the 200 mile range is a complete game changer.

And if you have even a modest home set of PV panels, the saving is even greater.


Steve
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Last edited by stevehull; 01-21-16 at 12:09 PM..
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