I’d Save How Much Using An Electric Car?

A plug-in electric vehicle will certainly reduce emissions over a gas car. But will it actually save you money—and if so, how much? The huge utility Southern California Edison is now providing its customers an easy-to-use online tool to answer those complex questions.

Take someone living in Riverside who, say, drives 12,000 miles a year, gets 25 miles per gallon with their current car and pays $3 a gallon for gas (all variables that can be personally tailored with the tool). If that person switched to a battery electric vehicle and took advantage of lower, off-peak charging rates—and installed a separate meter for the vehicle—they’d pay $54 more a month for electricity. But their gasoline expenditures would drop from $120 to zero, yielding a net savings of $66 a month. If the vehicle were charged under standard residential rates, however, the savings would drop to just $15 a month, according to the tool.

image via Southern California Edison

Showing customers that gap was a big reason Southern California Edison developed what it calls the Plug-In Car Rate Assistant. “The online car rate assistant will provide an idea of the bill impacts and the benefits of charging electric vehicles during off-peak hours, 9 p.m. to noon,” the utility’s Steve Powell said in a press release. “It’s important for customers to understand the advantages of the various rate plans.”

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1 Comment

  • Reply September 16, 2010


    1. The vessel America is sinking right now with a big hole, say, the persistent, severe spill of oil money and the subsequent huge trade deficit,
    which still highlights why energy independence is so critical to the revovery.
    Unfortunately, as the preferred menu of uncompromising filibuster, chanting deficit doesn’t apply to this key part.
    2. As we are all aware, job growth is an integral part of economic boom. And generally, job growth comes from trade surplus and confident entrepreneurs, not merely borrowing money and spending it.

    3. Thankfully, the upcoming EVs might be a GAME-CHANGER that could siphon oil money spill into funding for the fourth wave of smart grid & renewable energy boom.

    In this regard, the proposed legislation by the Electrification Coalition (EC) in concert with RES needs to be embraced ASAP. And National Poll Shows Strong Bipartisan Support for Plan to Expand Electric Vehicles.

    4. Further, the proposed legislation by the Electrification Coalition (EC) in concert with RES is certain to attract eye-popping investment going forward.

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