Quote:
Originally Posted by Flashpoint135
Perfect - real data to play with! So lets compare - this is best case for electric - short trips, cheap electricity. The Volt costs over $40,000 and uses about $25 for 500 miles each month.
My 1LT Camaro cost $24,000 out the door. I get a little over 24 miles per gallon, so at $4.00 per gallon of gas if costs me about $83 in gas for that same 500 miles (500/24 x $4.00). So the savings per month driving the Volt is $83 - $25 = $58.
Therefore, at $58 per month savings, it will take the Volt owner over 22 years to make up the $16,000 price difference between the Volt and my V6 Camaro (16,000 / 58 = 275.86 months; 275.86/12 = 22.98 years).
Imagine how much worse these numbers would look if compared against a Cruze that you buy for about $18,000 and gets better mileage in the high 30 mpg range (let's pick 38MPG). Cruze cost to go 500 miles is $53(500/38 x $4.00). Volt cost savings over Cruze is $28. Price difference is $40,000 - $18,000 = $22,000. Years for the Volt owner to break even is 22,000/28/12= 65 years.
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Yeah, know, Car and driver did a VERY interesting comparison of the Volt and Cruze Eco a few months ago. The thing I found interesting was that the Cruze MPG was better than the Volt's when it was having to run it's electric generator. So, if you do a lot of highway driving and long distances, not only is the volt double the price, but it could actually cost you more in gasoline each month, given that is not the scenario the Volt was meant for, but it does severly narrow the potential buying pool, and there is the fact the most Toyota hybrids ahave soem electric only range for short city drives and while the range is considerably less, a PLUG IN Prius still gives like 20 miles of electric only driving and is like 10k less.