Originally Posted by
Mina
Do the math yourself, if you don't believe me.
Right now, the average electricity rate in the US is 10.42 cents per kilowatt-hour. A Nissan Leaf gets 0.31 kWh/mi. So, that's a cost of about 3.23 cents per mile. Right now the average gas price is $4.60. The Nissan Versa, which is the gas equivalent of the Leaf, gets 32 mpg. So, that's about 14.38 cents per mile. So, you save about 11.15 cents per mile driven with the EV car. Consumer reports says the average life expectancy of a new vehicle today is about 150,000 miles. So, over the life of the car, you'll save about $16,725 on fuel, if gas and electricity prices stay where they are. A Leaf costs $27,400. A Versa costs $15,080. So, after accounting for initial cost and fuel cost, over the life of the car you'll spend $4,405 less on the EV. And that's if you don't get a dime of tax credits for the EV, when in fact EV's can come with $7,500 in federal tax credits and up to $2,500 in state tax credits, depending on model, timing, and state. So, any tax credit would further expand the savings for the EV buyer.
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