Great article, John.
Quote from the article:
"The Volt likely will need about 8 kilowatt-hours of energy to recharge, Gross said. The average U.S. utility charges about 10 cents per kilowatt-hour, so it would cost the consumer about 80 cents to go the 40 miles, she said."
My analysis:
That's a cost of 2 cents per mile compared to the average cost per mile of 16 cents for gasoline vehicles getting 25 mpg at $4 per gallon of gas. So if the owner drives their VOLT car 100,000 miles, then they will save $14,000 over the life of the car over a gasoline version. If the car ends up being $35k, then the equivalent is $22K, not accounting for the time value of money. Not bad at all.
Then with economies of scale, they will get that price down from $35K to something closer to $25K. Then it will be massively competitive. Since transportation accounts for 73% of our oil imports, this car could help us say once and for all "bye bye oil dependence." |
