How Much Does it Cost to Charge a Chevy Volt?
Are you in the market for a new car and have your mind on the Hybrid Volt from Chevrolet but want to know how much it will cost you to fully charge it? If so, you may be surprised to see just how much it costs to operate a Volt on a monthly basis. Continue reading to see how to calculate your Volt's fuel costs.
Calculating the Cost to Charge a Chevrolet Volt
Because the Volt is a hybrid, the cost to operate one can be calculated in both gas and electricity consumption. Here's an example from mychevroletvolt.com:
Example 1 – Gasoline: You drive 1,000 miles per month, your car gets 25 Miles Per Gallon, and you pay $4.00 for a gallon of gasoline. That means:
1000 miles / 25 Miles Per Gallon = 40 gallons of gasoline
40 gallons of gasoline * $4.00 a gallon = $160 per month in Gas Costs.
If you can do the math above – you can easily do the math for electric costs! Just substitute a few numbers.
Example 2 – Electricity: You drive 1,000 miles per month, your car (The Chevy Volt) gets 2.7 miles per kilowatt hour used (EPA estimated average), and you pay $0.12 per kilowatt-hour (national average) That means:
1000 miles / 2.7 miles per kilowatt-hour = 370 Kilowatt-Hours
370 Kilowatt-Hours * $0.12 Per Kilowatt Hour = $44.44 in Electricity per month.
According to fueleconomy.gov, if you drove your Volt 15,000 miles per year, you would spend approximately $1,632 - $606 on electricity costs and $1,026 on gasoline.
Chevy Volt Charge Time
According to Chevrolet, with a 240-volt charging station you can fully charge an empty Volt battery is 4.5 hours.