Quote:
Originally Posted by Steve Carlton
Or at $4/gal the difference is an additional $4,000 more. I don't know what electricity costs here now or over the next 5-10 years, either. Maybe one gets charged at work for free... But there's more to it. There's resale value at the end of the ownership period, maintenance costs for each type of vehicle, tax credits, and the convenience of using HOV lanes. I think the future is bright for electric vehicles, either as hybrids, plug-ins, or maybe from hydrogen fuel.
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They are GREAT! Look at all of the crap you have to do to get people to drive them! Free fuel. Tax Credits, HOV lanes.
Price has been around $0.22-0.23/kWh in San Francisco. It is $0.187/kWh right now because the price of natural gas dropped.
Average Energy Prices, San Francisco-Oakland-San Jose, February 2016 : Western Information Office : U.S. Bureau of Labor Statistics
Using $2.44/gal and $0.187/kWh (Today's exact values)
2.44 * 4000 gallons = $9760
.187 * 42500 = $7977.25
So, "fuel" cost is similar.
Using "historic" numbers
4 * 4000 gallons = 16000
.23 * 42500 = 9775
I'm only comparing at 25 mpg. Switch in a Prius or other hybrid at 50 mpg and you'll be way under.