Saturday, November 15, 2008

Why buy an electric car to save on fuel costs?

When my reality is that electricity costs more that gas. I have read three articles this month that state that the average cost of electricity is ten cents per KW. But my SCEdison average cost is over 25c and my tier 5 (or marginal) cost appears to well over 40c and maybe 50c with taxes and users fees. And there is no discount for "off peak" to use electricity at night. This seems to equal gas at four to five dollars per gallon?

With the average electric rates (10 cents per kWh), electric cars cost around 2 cents per mile. If your rate is 25 cents per kWh, then it would cost you 5 cents per mile.

In comparison, a Prius gets around 50 mpg, so if gas costs $3/gallon, that's 6 cents per mile. That's the most fuel efficient car you can get right now, and it's still more expensive than an electric car, plus gas prices are not going to stay down around $3/gallon forever.

I think that your math is wrong, or that you live in a place with extremely high electricity prices/ extremely low gas prices. Running cars on electricity should reduce the fuel costs, since it's more efficient to create the energy at a power plant than in the engine of your car. Do you really pay 25 cents per kW-hour? That's a lot. You should call your utility and ask why it's so high.

I'm sorry but I do not believe that you are paying 50c per kwh. If thats the case you ABSOLUTELY must switch to solar panels on your home. It will pay off in 5 years instead of 20 for most people.

You are right. It doesn't make sense to use SCE. However, if you plan to stay in your home, solar panels could be one answer, unfortunately they are not good at off peak.Hybrid is they way to go now.

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