Here is a simple comparison of electric vehicle versus gasoline vehicle cost per mile.

Gasoline vehicle

Gasoline cost: $2.36 (EIA average for U.S. as of 3/13/06)
Average vehicle mpg: 22 mpg (DoE 2002 data)
Cost per mile: 10.7 cents

Prius gasoline mode: 45 mpg (Actual Atlanta in-town performance Jed's car)
Cost per mile: 5.2 cents


Electric vehicle (or plug-in hybrid)

Electricity: 8 cents kWh
Electric vehicle consumption per mile: 0.3 to 0.5 kWh (Wikipedia and other sources)
Cost per mile: 2.6 cents to 4.0 cents

Plug-in Prius while running as purely electric vehicle, cost per mile: ~2.6 cents *

* The plug-in Prius will be an efficient electric vehicle because it is lighter than a pure electric vehicle. This is because the battery pack is smaller. That limits the range. A pure electric vehicle carries enough batteries to go 100 to 200 miles, whereas the plug-in Prius will only go 20 to 30 miles before the battery runs out and the onboard ICE powers the car normally. The assumption is that most commuters only go ~30 miles per day, so they will use mostly electricity. (At high speeds the plug-in vehicle will require both electricity and the ICE, so the cost will be a little higher than 2.6 cents/mile.) If you forget to recharge a plug-in, the only penalty will be that the cost of travel jumps up from 2.6 to 5.2 cents per mile. With a pure electric vehicle, if you forget to recharge the car stops and you are stranded.

With older model electric vehicles the cost of the batteries over the life of the car was a major additional cost, but the latest batteries such as the ones in the Prius are expected to last 200,000 miles, the life of the car, and they are cheaper to start with.

- Jed


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