Electric Car Recommends

Car cost

A lot of people ask me for this list because I’m always listing my EV as one of the top 5 things I’ve ever paid for in life.

So here you go.

Below are the most cost effective 100% electric vehicles to consider when you’re ready to make the switch. (Note to be on this list, the car/sedan must have zero gasoline engine components).

In order of purchase price:

  • Mitsubishi i-MiEV ($23,800)
  • Smart Car Electric Drive ($25,700)
  • Chevy Spark ($26k)
  • Nissan Leaf ($29,800)
  • Ford Focus Electric ($30k)
  • Fiat 500e ($32,600)
  • Kia Soul EV ($33,700)
  • Volkswagen E-Golf ($34,270)
  • Mercedes B-Class Electric Drive ($42k)
  • BMW i3 ($44k)

In order of TOTAL cost to lease & operate (Lease term = 36 months. Compare these total costs to the total $838/month for a typical recent model gasoline powered sedan)*:

  • Smart Car Electric Drive ($268.48/month)
  • Volkswagen E-Golf ($315.70/month)
  • Fiat 500e ($316.98/month)
  • Ford Focus Electric ($348.35/month)
  • Chevy Spark ($351.33/month)
  • Nissan Leaf ($361.09/month)
  • Mitsubishi i-MiEV ($380.34/month)
  • Kia Soul EV ($404.98/month)
  • BMW i3 ($432.87/month)
  • Mercedes B-Class Electric Drive ($518.15/month)

*Math formula:

Total lease payments + insurance + maintenance + electricity – tax rebates (divided by) 36 months = monthly average cost to operate

Example: Nissan Leaf ($10,279.40 total lease payments + $3,600 total insurance + $540 total maintenance + $1,080 total electricity costs – $2,500 tax rebate = $261.09/month)

Stay away from these cars if you are in debt and don’t have 3 times the price of the car or total lease amount in your bank/investment accounts:

-Tesla Model S ($71k)
Now you know.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s