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JustinHart (not verified)    February 20, 2024 - 2:21AM

In reply to by Jan H (not verified)

If you only drive about 5,000 miles a year, a PHEV might not be the best choice, but it really depends. How much is the average price of gas where you live? How much does electricity cost per kWh? Are you considering new cars or only used ones? Do you live in a climate that experiences several months of below freezing temps?

To try and be more helpful I would need to know more details as per my questions, but in general (“your mileage may vary” as they say): all plug-in vehicles, whether they are hybrid or full EV, can charge on 120V however they can only recharge about 2-5 miles of range per hour of charging. 240V can be much faster and the cost to install wiring and charging equipment varies dramatically depending on existing wiring and service to the area being installed. I only paid about $500 for my 50amp outlet to be installed to charge my EV and I paid $0 for my 30 amp outlet to charge my PHEV (government grant covered the full cost and I got a charger for free too). But $1,000 is probably a good guess for an average price.

Otherwise, an EV would cost about 6 cents per mile to fuel assuming your per kWh price is the average price in the US (about 17 cents per) and you get 3 miles pf driving per kWh. If gas is also the US average at about $3.27 per gallon where you live. A hybrid that gets 43 MPG costs about 8 cents per mile to fuel. Since a PHEV would use some combination of both fuel sources it would be between the two values. That said, given your 5k annual miles I would say it mostly depends on what the purchase price of your vehicle is. A new or used 240 miles capable EV could be the cheapest option if it doesn’t cost much more than a hybrid option. I think you’ll have low fueling costs, regardless.

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