Quote:
Originally Posted by Hersbird
Electricity costs are not a tiny fraction of fuel costs. They may be lower, but not insignificant. Even if it was free, at 10,000 miles a year you only spend about $3600 in gas and I don't even drive that much. It would take me 10 years probably to recover a $5000 difference and we don't get any state credits, nor do I qualify for a full $7500 federal credit so it would be more like a $10,000 difference and take me more like 30 years to break even considering electricity isn't actually free.
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My actual numbers for fuel costs / mile:
$0.027 = 2016 Spark EV
$0.069 = 2009 Toyota Prius
$0.082 = 2014 VW Sportwagen TDI
The cost for the EV is the electrical usage multiplied by my electric rate because about 90% of my charging was done at work for free
Fueleconomy*gov calculates the FWD Tiguan at $0.087 / mile
If you donĀ’t make enough to qualify for the full federal tax credit you can lease the vehicle and the leasing company will get the full credit. You then negotiate for them to roll the full credit value into the deal. They donĀ’t have to do it but most will. In general manufacturers are throwing more cash on the hood in addition to the credit.
The numbers may not work for you but they do for me.
EDIT: At 3 cents per mile x 10,000 miles per year = $300 a year for fuel costs / $25 per month / $0.82 per day.