Electric vehicles are a tough sell now though. The Chevy Bolt EV has a 60 kWh Lithium-ion battery; to charge that fully costs $8.7 in Utah (14.5 cents per kWh). Per the EPA's measure that gets you 238 miles.
Gas costs approx $2.24/gallon in Utah. A Prius has a 11.3 gallon tank and a 540 miles range (again, EPA standard). That means that $11.15 would get you the same distance as a full Bolt EV charge in gas.
Now, before electric vehicle fans jump for joy at the $2.45 saving per 238 miles, we also have to account for the cost of the two vehicles. The Bolt EV costs $36,620, the Prius $23,475.
Therefore for the Bolt EV to make economic sense you have to drive 1,276,942 miles. Or fuel has to get much more expensive, or electricity much cheaper. Regardless, the economics don't add up at all when compared with hybrid gas vehicles.
Yes, I know, lower maintenance, but not $13K lower. And before you talk to me about the cost of driving to and from a gas station, let me remind you about battery loss due to cold temperatures (this is Utah we're talking about, after all).
In general people buying electric vehicles in 2017 are buying them for non-economic reasons. They lose money. Hybrids are likely the best bang for your buck, and may remain that way even after Tesla ship their $36K competitor (since no other major metric in the equation changes, electricity is still very expensive, and gas very cheap).
Gas costs approx $2.24/gallon in Utah. A Prius has a 11.3 gallon tank and a 540 miles range (again, EPA standard). That means that $11.15 would get you the same distance as a full Bolt EV charge in gas.
Now, before electric vehicle fans jump for joy at the $2.45 saving per 238 miles, we also have to account for the cost of the two vehicles. The Bolt EV costs $36,620, the Prius $23,475.
Therefore for the Bolt EV to make economic sense you have to drive 1,276,942 miles. Or fuel has to get much more expensive, or electricity much cheaper. Regardless, the economics don't add up at all when compared with hybrid gas vehicles.
Yes, I know, lower maintenance, but not $13K lower. And before you talk to me about the cost of driving to and from a gas station, let me remind you about battery loss due to cold temperatures (this is Utah we're talking about, after all).
In general people buying electric vehicles in 2017 are buying them for non-economic reasons. They lose money. Hybrids are likely the best bang for your buck, and may remain that way even after Tesla ship their $36K competitor (since no other major metric in the equation changes, electricity is still very expensive, and gas very cheap).