Originally Posted by jojo
Does the calculus change with $4+ gallon gas?
I am not sure that the numbers I am using are correct but in passing over the years I have heard the following numbers and it has caused me to not consider a Volt.
From what I have heard it costs around $1.50 per day to charge the Volt. After going around 40 miles on a charge the Volt switches to a gasoline and then only gets around 40-45 miles per gallon (again this is working off of memory so I may be wrong). That leads me to assume that you are saving around $2.50 for the first gallon. ($4 - $1.50) If you did that everyday you are saving just $900 per year. That is if you drove it everyday that many miles. Now that isn't chump change but consider that a Toyota Prius gets around 50 miles to the gallon and costs thousands less even after the tax incentive. Then you take into account that insuring a Volt is a lot more than insuring other cars that get in the 40 MPG range and you eat up even more of the $900. A Chevy Cruze would costs thousands less upfront, would be much less expensive to insure, would be no trouble to remember to charge each day, would get about the same mileage when on gasoline as the Volt and might end up costing just $900 in fuel costs per year. I can't see the benefit.