My Chevy Volt came home almost a month ago today. I am not the electric optimist that my friend Randy Jackson of sunpoweredevs.com is. He will say an electric car is 5 times more efficient. If you don’t have solar, I haven’t found that to be true in real world testing. I find it ironic that it took a GM car to get me to drive an electric car when it was GM division Cadillac that killed the electric car in the late 1920’s with the electric starter. So how much is it to run a Chevy Volt for 1000 miles? Read on.
I believe that most consumers are going to go for the solution that provides the most bang for the buck as we say. Wal-Mart proves it every day. We want more for less, environment, made in China, it really doesn’t matter and the sales of cheap imported products at Wal-Mart and Target prove it.
After spending $1800 to put a new rear end in my F-150, and spending an average of $489 per month on fuel for it. The first 1000 miles each month was costing me nearly $300 each month in gas. The lease on the Volt is $399 per month. With the tax credits and rebates, the Volt is essentially free, as would be a Nissan Leaf.
For me, acquiring the Chevy Volt was strictly economic. I was looking for a new car and wanted the most bang for my buck period. On paper, the Chevy Volt looked like a bargain. After spending $1800 to put a new rear end in my F-150, and spending an average of $489 per month on fuel for it. The first 1000 miles each month was costing me nearly $300 each month in gas. The lease on the Volt is $399 per month. With the tax credits and rebates, the Volt is essentially free, as would be a Nissan Leaf.
Admittedly, the Ford Fusion energi is a far better looking car and the sticker price is about the same as the Volt. The problem is that the Ford only goes 16 miles on a charge before using gas. The Volt can travel about 44 the way I drive it. My record is 48.
Since the Fusion Energi has smaller batteries than the Volt, the rebates and tax incentives are lower making the Fusion more expensive until those rebates and incentives expire. For whatever reason, the Fusion lease programs carried a much lower residual value adding $150 or more to the lease rates with the same amount of money up front.
So I have a Volt.
As of yesterday, I have driven 1000 miles in the Volt. Doing that I used $30 of electricity at home and $5.00 of electricity from Charging stations along with 5.3 gallons of gas according to the computer. I also have learned about a big frustration with electric car charging.
The city of Seal Beach for charges $3.37 per kWh to charge your car. A Volt gains about 10 miles for each hour of charge, and according to the City of Seal Beach charger, I used 1 kWh in 20 minutes of charging. That is $3.37 for 20 minutes of parking and 3.3 miles of range added to the car. If it isn’t obvious, that is crazy expensive.
Here is the rub. The Volt gets about 10 miles for each hour of charging on a level two charger. According to the best information I have it charges at a rate of 3 kWh on a 240V level two charger. The simple math at home is .28 x 3 = .75 for 10 miles. Gas at $4.00 per Gallon and 40 MPG that I am actually getting is $1.00 for 10 miles. Easily 25% more cost effective to use electricity at home. At a ChargePoint station charging .25 per kWh it is even cheaper.
South Coast Plaza in Costa Mesa is the clear winner, I found a nice covered charging slot that allowed two hours of FREE charging. Guess where I spent $1100 on a new Mac Mini and accessories? Thank you South Coast Plaza for getting it. Free parking and Free charging. I don’t think electric cars should get free electricity everywhere, but how nice is it to add a few solar panels and get customers to spend money in your center by giving away $1.50 in electricity?
To put this in perspective, assuming straight rates and Level two charging at 3 kWh, parking and charging in Seal Beach is $10.11 per hour. The space right next to the charger is free. Charging at home on Tier 3 rates is $.84 per hour. The City of Seal Beach is asking for $9.37 in profit every hour!
The Grove in Los Angeles has some pretty pricey parking too, and charging there as a Blink member is $1.00 per hour. With validation, I get two hours of charging and parking for $2.00. In Seal Beach that would be $20.22 while my gasoline powered friends parked right next to me would be parking for free. Maybe there should be a way to “validate” some electric charging when the people really spend money.
If the city of Seal Beach wants the sales tax from my business, they are not encouraging me to stay long at $10.11 per hour for charging are they?
At $4.00 per gallon and 40 miles per gallon, charging at $1.00 per hour is about the same cost economically speaking since I get about 10 miles of range per hour of charging. At the normal retail level, electric and gas cost me about the same. When you include the annual fee for Blink, it is actually more expensive slightly. At some point electric rates have to go down because states are going to tax electric cars for the fuel tax they aren’t paying.
It is all about balance, if electricity costs more, people will not choose electric cars plain and simple.
This economic problem has created another issue. Electric cars that plug in and don’t actually charge. I noticed that two of the there electric chargers in Seal Beach were occupied by other cars, and when I read the charger they were not actually charging. I was the only guy dumb enough to pay $3.37 per kWh I guess. I only stayed 20 minutes though, and at $1.00 per hour I would have stayed a couple of hours since I needed a birthday gift for my wife.
I would think that cities, attempting to encourage use of clean electric vehicles would charge .20 or .30 per kWh, or even $1.00 per hour of charging at most like the Grove and Carl’s Jr. locations do. Why is Seal Beach charging so much to plug in? Don’t they want my business and tax money?
Speaking of Carl’s Jr., I stopped in for lunch, plugged in and walked over to the Citadel to get a pair of Jeans. The Citidel hasn’t installed any chargers yet, free or otherwise. Fortunately, the Carl’s Jr. Manager was very nice and just asked that I don’t stay for more than 2 hours even though the other two cars in the Blink charger spaces were not electric at all.
So far I have found two Carl’s Jr. locations on my way home that have Blink Chargers.
Economically speaking, I won’t be plugging in at a City of Seal Beach location until they get reasonable with the rates. Gasoline is way cheaper and parking isn’t that big of a deal on weekdays. If the City Council wants to say the chargers failed, they are doing the right things to make that happen.
South Coast Plaza on the other hand will keep getting my business as long as there are free electric spaces even if only for two hours at a time. Talk about getting it. Carl’s Jr. will be my regular lunch stop on the way home, again getting it.
At the end of the day, after 1000 miles, I haven’t filled the tank so I have to trust the computer in the Volt when it says I have used just over 5 gallons of gasoline. Add in the $5.00 in paid electric charging and two hours FREE at South Coast Plaza along with my electric bill that went up $30 and you have my total fuel bill for 1000 miles. Round up and call it $60 for 1000 miles v. $289 for 1000 miles in my F-150 and the Volt is clearly the economic winner. Just in case you think the F-150 isn’t a fair comparison, I also have a Mercedes SL that also gets 14 mpg in the real world. I just don’t drive it enough, and the Volt is saving a few miles off of that car too.
And yes, the Volt is fun to drive, has a great stereo, and navigation that is better than the SL or my wife’s ML. My favorite feature is sending an address from my phone to the Volt using the OnStar app so I don’t type it in at all while I am in the car. Siri sort of does it for me. The voice command part of the Volt stinks. It keeps telling me to read my manual for a list of commands. Like that will happen anytime soon. Ford is the hands down winner here.
The real monthly cost of driving a Volt 1000 miles is $399 for the lease, and $60 for the total “fuel”. The F-150 or the SL would be $289 for gas alone. Is the Volt a winner? Yes. Is electricity the winner? Yes, that is as long as you don’t charge up in Seal Beach.
