Cost to Operate the Chevy #Volt

I want to save our planet —
Cost to operate a Chevy Volt

Eric Bolling (Fox Business Channel’s “Follow the Money”) test drove the Chevy Volt at the invitation of General Motors.

For four days in a row, the fully charged battery lasted only 25 miles before the Volt switched to the reserve gasoline engine. Eric calculated the car got 30 mpg including the 25 miles it ran on the battery. So, the range including the 9 gallon gas tank and the 16 kwh battery is approximately 270 miles. It will take you 4 1/2 hours to drive 270 miles at 60 mph. Then add 10 hours to charge the battery and you have a total trip time of 14.5 hours. In a typical road trip your average speed (including charging time) would be 20 mph.

According to General Motors, the Volt battery holds 16 kwh of electricity. It takes a full 10 hours to charge a drained battery.

The cost for the electricity to charge the Volt is never mentioned so I looked up what I pay for electricity.

I pay approximately (it varies with amount used and the seasons) $1.16 per kwh.

– 16 kwh x $1.16 per kwh = $18.56 to charge the battery.

$18.56 per charge divided by 25 miles = $0.74 per mile to operate the Volt using the battery.

Compare this to a similar size car equipped with only a 4 cylinder gasoline engine that gets 32 mpg.

– $3.19 per gallon divided by 32 mpg = $0.10 per mile.

The gasoline powered car cost about $15,000 while the Volt costs $46,000.

So Obama wants us to pay 3 times as much for a car that costs more that 7 times as much to run and takes 3 times as long to drive across country.

REALLY? No wonder GM is having trouble selling the Volt !

http://www.snopes.com/politics/business/chevyvolt.asp

Related Posts

  • 43
    The World Economic Forum, famous for its annual Davos convention in Switzerland, has put out a new report identifying the top technological trends for the coming year.   "Technology has become perhaps the greatest agent of change in the modern world," writes WEF's Noubar Afeyan. "While never without risk, positive technological breakthroughs…
    Tags: time, futures
  • 37
    Before the weak employent report of the 10 Jan 2014, traders expected the fed funds rate to average 0.45% in June 2015. That estimate is based on price movements in the June 2015 fed funds futures contract. Put another way, traders saw a high probability that the Fed would start…
    Tags: futures