A Look at Electric Vehicle Economics

Date: 19 Jan 2011 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwittergoogle_plusredditpinterestmail

The blog Camino Energy has a very detailed analysis of the payback on an electric vehicle (Nissan Leaf) compared to a conventional Toyota Camry.  The author looks specifically at Northern California, where off-peak electricity prices are low enough that utilities could offer electric vehicle (EV) charging at 5 cents per kilowatt-hour (kWh).  At that rate, with solely night-time charging of the EV and driving 12,000 miles a year, a Nissan Leaf pays back in 5 years. 

The author provides a sensitivity analysis against higher electricity prices, and his entire post is worth reading.

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John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power.