nsainfreek
Member
I'm wondering how much would electricity have to cost before it outweighs owning an ICE or even a highly efficient hybrid. On these forums, I read people paying electric rates of around 7 cents/kwh up to around 13 cents/kwh. Here on Oahu, our effect residential electric rate last month was 35 cents/kwh and our only utility company is planned for more increases to come. I've been getting around 4.2 miles/kwh in my leaf and our gas prices are floating around $4.29/gallon. Using these numbers, I calculated the leaf getting a gas cost equivalent of 50mpg. The current Prius has an epa 51/48mpg so they are relatively close in efficiency here on Oahu (cost of electricity is higher on other islands).
Honestly, at these rates I figured my savings driving an EV would be minimal. In order to increase the benefit, I try to charge exclusively away from home which has been going pretty well. As fuel prices increase my savings will become greater but my cost of electricity is also steadily rising.
Thoughts?
Honestly, at these rates I figured my savings driving an EV would be minimal. In order to increase the benefit, I try to charge exclusively away from home which has been going pretty well. As fuel prices increase my savings will become greater but my cost of electricity is also steadily rising.
Thoughts?