CalCars and PHEVs Frequently Asked Questions
Tony Karrer Delicious EVdriven
APRIL 21, 2009
The costs and benefits of cars extend far beyond an individual driver to society as a whole. Despite this, a 2003 EPRI study , assuming only $2/gallon gas , zero buying incentives, and a PHEV premium of $3-$5,000 more than standard hybrids, shows that the total lifetime cost of ownership for a PHEV will be lower than that of any other vehicle type -- so the payback will be there. We can also extrapolate some data from experience with the RAV4EV all-electric vehicles.