For what it's worth, here is a chart showing electric rates by state. And this is average per state as many states have multiple providers your actual rates could be a little higher or lower. But it gives a good indication of the costs.
Everything you need to know about electric rates by states. Find out how much does electricity cost in each state and how to save on your next electric bill.
www.electricrate.com
My problem with EVs and PHEVs is the added UPFRONT cost. Using pretty simple math, it takes a lot to justify the added price.
Just pulled up 3 brands of cars, Toyota, Hyundai and Kia. Just pulled up some simple graphics. You can see the price difference between HYBRID and PLUG IN HYBRID and sometimes PURE ELECTRIC if the same model is available in all 3 options. This is not a perfect 'apple to apple' comparison as most auto makers add options and features to increase the creature comforts of PHEV trim levels, but still, going from a Hybrid to a PHEV is a roughly $7000 upgrade. Now when I 'build and price' about 2/3rds of that increase vanishes as I option up the Hybrid, but there is still probably a solid $2500-$3000 price bump to go to a PHEV. And then add the cost of a wall charger and electrician ot install it (figure another $1000 minimum) so we are at a $4000 premium. The NIRO Hybrid is $26,500, the same in PHEV is $33,800 and the pure EV version is $39,600.
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If I can drive 50% of my miles with a PHEV running pure electric, it will take quite a few miles of driving to "save" that $4000 price differential premium. Assuming $4 per gallon for gas, and assuming 32 miles per gallon, the "break even point" to reach $4000 is 32,000 miles of "
free electric driving"
Assuming I drive 15,000 miles per year, and assuming 7500 of those miles are electric, it would take about 4.5 years to "break even" with a PHEV if electricity was free.
But that
assumes electricity is free. Assuming .15 per kw, cost should be about 8 cents per mile. So the 32,000 miles of free driving actually cost me $2560 in electricity, but the if I was getting 32mpg with a gas engine that 32,000 miles would cost me
(at 32mpg/$4.00 per gallon) $4000. So the savings is only $1460 when you account for the cost of the free driving on electricity.
All of a sudden, spending $4000 is not sounding so good because now we are looking at a break even payback period that is a lot longer than 4.5 years.
It is a lot closer to 10 years just to break even. Assuming $4/gallon gasoline.
Someone want to challenge or confirm my math? I don't mind being corrected if I am wrong!
* 50% of my driving in electric mode is just a guess. But I in a rural area and often am on rural highways, the gas engines seem to kick in at highway speeds or under acceleration trying to get to highway speeds, so my guess is that even if only driving to one of the nearby towns, where a PHEV could easily manage the round trip on electric only, the short hops on rural highways would cause the internal combustion engine to fire up a couple times. So just using logic, our normal around home driving would very likely be a split of electric motor whirring and internal combustions banging. If we lived closer to suburbia the electric power alone might make up 65% of our miles, making payback quicker. So situation makes a big difference.
