Posted on: Feb 26, 2012 at 01:47
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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
batery 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 hold 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 with a gasoline engine only 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

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