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I guess you have shown that in the luxury segment the TCO comes out better for EVs. Many people are not buying $50k+ luxury vehicles. Care to run an estimate
by aaronax 5y ago
I guess you have shown that in the luxury segment the TCO comes out better for EVs. Many people are not buying $50k+ luxury vehicles. Care to run an estimate for something like what I was buying a year ago? I was in the market for a loaded 5 year old vehicle with 60-80k miles for $10-13k (Dodge Dart for example, also liked a few Ford Fusion options). There were options like this available, though I happened to stumble upon the apocryphal 13 year old 175k miles $1,000 Honda and went with that.
- rootusrootus 5y agoWhen I leased our Bolt, the retail price was $23K. Costs me 1.7 cents a mile in fueling costs. It is a good bit nicer than an 80K Dodge Dart, of course, but it's a data point. I also have time-of-use rates, which helps. Anyway. Assuming 27 mpg for the Dart (this is what Fuelly says average Dart owners experience) and $4.67 gasoline (the US average from a few days ago), should cost around 17 cents a mile in gasoline. Assuming an average of 14.8 cents per kWh (the US average from February) and 3 miles per kWh (somewhat conservative, but close enough) for the Bolt, you'd be looking at 5 cents per mile in electricity. Not a perfect comparison, the Bolt would be brand new with a warranty, etc, but at least it's not a luxury EV comparison, just an appliance car like a Dart. You'd break even on costs at 76K miles. Of course, at that point the Bolt has just reached the mileage the Dart started at, and so it will quickly pull ahead in TCO. If you do a lot of road trips you might not like it, but if you primarily drive in the city you will really like not having to stop once a week to get gas.