Tag Archives: Electric Vehicles

The True Cost per mile of an electric car.

From MarketWatch:

GM has suspended production of the [Volt] all-electric car for a month so they can retool the plant to make more Chevy Impalas. Read more about the Volt’s production issues.

… So far this year, GM has sold about 11,000 Volts — far less than hoped and planned for by the auto maker. The market has spoken: Most Americans simply are not ready for an electric car from Detroit…

The website ExtremeTech calculates that the car costs about 6.3 cents per mile when running on electricity at 13 cents per kilowatt hour. But that rate ignores depreciating the cost of a replacement battery ($8,000) over the life of the battery warranty.

When you add in the cost of the battery depreciation, you get a calculation of about 14.3 cents per mile for the Volt. As the tech site notes: “A compact car getting 35 mpg would cost 10 cents per mile using $3.50-a-gallon gasoline.”  So in other words, the Volt, in addition to the high cost to purchase, costs 43% more to operate than a conventional car.

Source