Leasing a Plug In Vehicle: Total Cost of Ownership | Plug In America

30 Мар 2015 | Author: | No comments yet »
Toyota prius(plug-in) lease

Leasing a Plug In Vehicle: Cost of Ownership

Tue, — 9:32am — Tom

As with any car there’s more to consider cost when thinking a plug-in vehicle. There’s the convenience of fueling at home and the driving experience of an electric train. But at some point, we to think about the cost and consumers will start

Doing the cost analysis for a gas car is simple: look at the monthly estimate your fuel based on how much you drive and the MPG, and add in the basic maintenance like oil changes. It’s not any complex for an all-electric vehicle, but in kilowatt-hours may be unfamiliar for most EV buyers. It’s even a simpler for an all-electric car since are no oil changes and a lot of other regular maintenance goes away. For a hybrid, the situation is a little complex, having to do both gas and calculations.

Since many buyers are choosing to lease than purchase, I’ve a spreadsheet tool to help the calculations. I picked some fuel-efficient vehicles, looked up the EPA and researched some current lease deals. As a set of affordable that buyers may be considering, I the Toyota Camry, Toyota Toyota Prius PHEV, C-Max Energi, Chevy and Nissan LEAF.

You can replace the vehicles I picked the vehicles you’re considering update any values that changed or differ in your gray boxes in the spreadsheet are the that describe each car and can be edited.

Once the vehicles are set up, you enter information about how you and where you’ll be able to and the tool does the math there.

Here’s an example for someone who has a 30-mile daily also drives an average of 35 per day on the weekends, lives where are no state incentives, and pays the national average for electricity. values have been into the yellow boxes in the

As you can see, the LEAF is the cost in this situation, the Volt and Energi cost a bit over more, the Prius about more, the Camry $243.33 and the Prius PHEV $359.29 per month than the LEAF.

Now try an example with a longer 60 miles per day.

The rankings really change much, but a bigger difference between the and lowest cost. Only the and Volt benefit from able to drive more miles. The costs for the others go up to their gas efficiency

Next, we’ll increase the distance to a really extreme 100 miles (fewer than 1% of commute this far each and add in the ability to charge at work as as at home which increases the of the Leaf and doubles the electric of the plug-in hybrids.

The LEAF is the cost winner, but the Volt its cost advantage over the Energi because the Volt has electric range.

Now let’s go to a more typical commute, but the weekend travel up to 100 miles per day and see happens.


In this scenario, the is the cost winner, with the Energi very close.

the LEAF has an EPA range of 84 miles, not suitable for a single car household drives beyond that in where there’s no opportunity to along. While it may be completely to make trips like in the LEAF in areas where is convenient charging infrastructure, to be the tool removes the LEAF consideration.

Since the Prius has gas mileage than the Volt, for that do a lot of driving but have opportunity for driving electric the Prius has to win out. To find a where than happens, I the daily commute to just 10 and cranked up the weekend driving the Prius beat the Volt. To get I had to assume driving 680 miles per

With a very short to minimize electric driving the week and an incredible 340 miles per day, the Prius comes out expensive than the Volt by per month. However, the cost in this case is the C-Max with gas mileage that’s to the Prius. For the Prius to beat the Energi, I had to assume 1,300 of driving every weekend all long!

Here’s a summary of the scenarios considered here.

The came out as more expensive everything but the Prius PHEV. It loses to the expensive Prius in the highest mile scenario. I considered the Honda Accord, but its gas isn’t quite as good as the and Honda’s lease calculator a higher monthly lease ($433 for the least expensive so it would do worse than the in these cost comparisons.

Although the Prius PHEV in as most expensive in all but the last of comparisons, that’s just the lease terms I could online were expensive that its savings in fuel from a small electric were not enough to cancel out the lease price from particular set of vehicles. If you can find a lease deal, the numbers may out differently.

Charging Equipment I factor in the cost of installing charging equipment. If you have an near where you park the charging cord that with most plug-in can give you 30 to 40 miles of range If that’s all you need, you don’t to spend any money on charging If you do need to installing charging perhaps a Level 2 (240V) station, you could spend as as $500 or much more on your situation. Any investment you in charging equipment may pay off for many so you may want to amortize that over a period that’s than the lease period. something to think about as comparing vehicles and before you a lease.

Disclaimer There are a of reasons why these numbers right for everyone. I probably enter your average pattern. Perhaps I haven’t the right vehicles for you. The deals may have changed I set up this tool, or you may choose a term lease or mileage I didn’t recalculate lease for the extreme driving examples. I consider the end-of-lease residuals. You may a different expectation for what gas will average over the three years. Your cost may be higher or lower. you get free charging at work, or you can’t charge at home and to pay a premium to charge at work. you can’t charge at home or at so a plug-in vehicle doesn’t sense for you.

There’s also an issue the EPA-rated electric range of the PHEV. The EPA sticker for the Prius that it gets 11 miles in mode but only 6 miles in mode. I understand this is during the EPA test cycle, the gas engine comes on after six the battery isn’t depleted the 11-mile mark, so maybe the range should be higher six miles. On the other hand, the PHEV can’t go freeway without turning on the gas engine, so the of your commute will influence how many electric you can get.

Just to be complete, that the electric range for the and Leaf are both true range. Both vehicles can at freeway speeds (and on just electricity.

We all know that your may vary. Depending on how (and you drive, you may get a different MPG than the EPA you may do better or worse. The same is for electric range. I chose to use the EPA city/highway numbers for MPG, range and electric efficiency so as to vehicles as consistently as possible. If you a better idea of how a vehicle perform for your driving, you can those fields in the spreadsheet.

download the spreadsheet and plug in own assumptions and driving pattern. Let us what you find out in the comments.

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