Saving Gas, Saving MoneyAccording to Leno, the Volt he bought last year came with a full tank of gas, and since then he has travelled 11,000 miles using less than half a tank of gas. The 9.3 gallon tank isn’t all that big, and Leno’s claim would indicate that he has used less than 4.65 gallons of gas over 11,000 miles of daily driving his Volt in California’s oft-congested traffic. That means, at worst, Jay Leno is averaging around 2,365 MPG. And Leno is by no means alone, as stories and videos of Volt owners averaging over 2,000 MPG become more and more commonplace.And with 11,000 miles on the odometer, Leno is obviously driving his Volt more than any other car in his very large collection. The average America drives about 12,000 miles a year, and Leno probably has the ability to recharge both at work, and at home. It’s pretty incredible that he has able to drive an entire year on less than 5 gallons of gas, and I don’t doubt that many consumers with similar commutes could get equally impressive results.
Had Leno instead opted for the Toyota Prius, he would have spent approximately $1,000 on gas in a year. And while the Prius is a popular car, it is by no means the only car sold in America. Many Americans could easily see two or three times the savings by switching an “average” sedan for a Chevy Volt. Even if you take into account the cost of electricity which, depending on where you live, would cost between 80 cents and $1.50 to fully charge the Volt, the cost savings are real, and quite attainable.
It also makes a very good argument for the Volt’s ability to pay itself off prior to the battery’s warranty expiring after 8 years or 100,000 miles. If you were to keep the Volt for all eight years/100,000 miles, and were saving, for the sake of argument, $1,500 a year on gas, after eight years you would have saved around $12,000. Factor in the $7,500 of tax credits currently offered, and the Volt could end up costing no more than a well-equipped Chevy Cruze.
I think Chevy needs to start collecting these stories, and advertising this kind of stuff, instead of commercials of the Volt at a gas station. Come on people, let’s get with the program!
Source: New York Times