Updated face off: the 2022 Chevy Bolt EV versus the 2022 Honda Civic Sedan
June 14, 2022
Comparing costs: a fuel-efficient gas vehicle versus an EV
A few months back, I shared a table comparing the cost of a 2022 Honda Civic Sedan (2.0 litre/4 cyl) and a 2022 Chevy Bolt EV. But that was when gas was ‘only’ $1.80/litre; today, it’s $2.20 here in NB – so here’s an updated comparison. (Same caveat as last time: I’m not an accountant so there may be gaps in my methodology – but it should serve as a pretty good indication.)
Emissions information hasn’t changed; the Bolt still generates 78 per cent fewer emissions than the Civic. (Imagine the emissions reduction if every vehicle in the province were electric.)
But what has changed: with fuel at $2.20/litre, the extra cost of purchasing the Bolt would be recovered in fuel savings in just two years (versus 2 ½ years a few months back) – and that’s over a Civic, which is already a pretty efficient gas vehicle! The savings over an SUV or pickup truck would be mind-blowing. Plus:
- That payback happens more quickly the more you drive and the higher gas prices go
- EVs require far less maintenance than gas vehicles; if maintenance costs were included above, the payback would be even quicker.
True, you do need to invest a bit more up front when buying an EV – but that’s changing quickly: just last week, Chevrolet announced that the price of its 2023 Bolt in the US will be about US$6,000 less than the 2022! (That discount appears not to be coming to the Canadian market this year, but surely it’s an indicator of where things are headed.)
And true, EVs are suffering from the same supply chain issues as everything else, so prospective buyers are having to book a vehicle and then wait for it to arrive.
But vehicles account for a large chunk of our carbon footprint. So if a new one is on your horizon, hopefully this gives you resolve to make it electric – for your planet and your pocketbook.
Coming next: how ‘green’ is an EV if the power to charge it comes from fossil fuels?
This story was brought to Nouzie by RSS. The original post can be found on https://carlsgreenideas.wordpress.com/2022/06/14/updated-face-off-the-2022-chevy-bolt-ev-versus-the-2022-honda-civic-sedan/
