Sunday, October 21, 2012

Zippy the Zero

The latest addition to the family's tech is a Mitsubishi MiEV electric car.  The plan is to use the car to split the driving tasks and thus reduce our annual transportation expenses.  Zippy is only really suitable as a city car.  The published range is about 150 Km.  

The decision to purchase the car was based on the following assumptions:
  • 20 000 Km driven per year
  • 75/25% Electric/Gas driving
  • $1.35/l gas price
  • 150 km per charge and 8 amp draw over 22 hours to charge
  • $0.067 per KwH
  • Some realised savings from the elimination of a second gas powered car
 According to these assumptions we should save about $210 per month in gas, some savings from the elimination of the second gas car should make the project 'revenue neutral' in the first year considering the new monthly payments.  When gas price inflation vs electricity inflation is factored in and the reduced wear and tear on the remaining gas vehicle the project should be positive in terms of monthly cash flow.

I've purchased a Kill a Watt energy meter that is connected to my charging cable and I will be tracking things fairly closely. 

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