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Proving the Volt costs less to own than the average new car
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Comparison Spreadsheet2014 Cruze 2LTAverage New Car2014 VoltMy VoltLinks provided for reference
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Sticker Price$21,500$31,748$35,000$45,500
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Discount from Sticker$1,500$1,000$0$0
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Sale Price$20,000$30,748$32,000$45,500$30,748 is the average new car sale price in the US
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Ownership Period66666 years is the average new car ownership length in the US
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Miles per Year13,50013,50013,5009,70013,500 is an average across all age groups in the US
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EV Miles per Year10,5008,700Mine: Actual 2 year data, Other: Estimated
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Electricity Rate per kWh$0.110$0.055$0.11 is the US average, my overnight rate is half that in VA
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kWh per 100 miles3630EPA rating is 36, my average is 30
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Charging Efficiency84%84%
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Additional kWh per Month375259
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Electricity Cost per Year$495.00$170.89Average Volt costs $1.36 to charge per day. Mine is $0.47
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Gasoline Price per Gallon$3.75$3.75$4.05$4.05Volt uses premium, calculations assume no increase in 6 years (unlikely)
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Average MPG2924373724 MPG is average for a new car, 37 MPG is the Volt EPA rating
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Days Between Gas Station Visits11936108Calculation matches Onstar stats showing once per month
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Total Oil Changes in 6 years161643
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Gasoline Cost per Year$1,746$2,109$328$109
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Total Monthly Energy Cost$145$176$69$23
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Energy Cost per mile$0.13$0.16$0.06$0.03
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Residual Value28%28%28%28%
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Total Ownership Energy Cost$10,474$12,656$4,940$1,682
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Decrease in Value$13,980$21,859$22,200$32,760
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Tax Credit$0$0$7,500$7,500
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Total Ownership Cost$24,454$34,515$19,640$26,942Volt beats Avg New Car even without a tax credit
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Volt WinsHopefully its obvious now that the sticker price doesn't tell the story
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Financing / Insurance not taken into account because of too many variables
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This is not an attempt to show the Volt will "save" you money, no new car will ever "save" you money
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Used Car Comparison
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Comparison Spreadsheet2011 Gas Car2011 VoltComparison of an average 3 year old car to a 3 year old Volt
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Sale Price$13,000$21,000
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Ownership Period55
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Miles per Year13,50013,500
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EV Miles per Year10,500
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Electricity Rate per kWh$0.110
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kWh per 100 miles36
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Charging Efficiency84%
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Additional kWh per Month375
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Electricity Cost per Year$495.00
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Gasoline Price per Gallon$3.75$4.05
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Average MPG2437
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Days Between Gas Station Visits936
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Total Oil Changes in 5 years143
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Gasoline Cost per Year$2,109$328
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Total Monthly Energy Cost$176$69
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Energy Cost per mile$0.16$0.06
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Residual Value30%30%
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Total Ownership Energy Cost$10,547$4,117
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Decrease in Value$9,100$14,700
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Total Ownership Cost$19,647$18,817
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Volt WinsEnergy costs takeover and eclipse the depreciation of a used car
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