David Crew is a gamer and web lover. Read my blog or else I'll throw a Bomb-Omb at you. Lighted. :)

Posts tagged “davidncrew

How Much Does an Electric Car Really Cost?


Hey Everyone,

I’ve just been reading up on the Chevy Volt, Nissan Leaf, and other electric based vehicles that are going to be rolling out soon. Since I recently got rid of my car and currently am car-less, I’ve been curious about the cost differences between gas based cars and electric cars in regards to many things, such as how many miles can I go on the warranty, how many leisure miles do they give me, are the gas savings worth the premium on electric cars, and much more.

First, I used these as my values going in:

For this, Nissan says it will cost on average about $2.75 to charge the Leaf’s batteries to full. This is of course a big difference to gasoline where if we assume gas costs $3.00 a gallon, then to fill a 12 gallon car to full will run you $36. For the miles can travel before you get to empty, I assumed you run until you can’t move anymore, but obviously you won’t go 360 miles before you fuel up.

Nissan also gives a range on its miles it can go from 138 miles to 63 miles, I decided to take a really conservative look since 138 miles before needing to recharge is under super ideal conditions, and as you discharge and charge a battery multiple times, it will not hold as full a charge as when you first started driving. Also, when I was doing the calculations, I assumed New England weather, which has 4 seasons where with the Leaf, you would be using the air conditioner and heater during its life frequently.

Nothing too surprising there, of course electricity is cheaper than gasoline.

Fuel Savings?

Getting back to the actual money you save by using electricity to power your car rather than gasoline, I broke it down this way by using the values found in the first table I posted:

Using the same restrictions of refueling a gas car each every 360 miles for $36 and refueling the leaf for $2.75 every 75 miles for a total of 160,000 miles, you end up saving $10,133.33 on fuel costs. It is definitely evident that there are cost savings associated with driving an electric car vs driving a gas car.

Now let’s look at the cost of buying the car:

Nissan states that you can get a maximum $7,500 worth of rebates by buying an electric car. Using that as comparison to an average price of two 30+ mpg gas cars, the Ford Fiesta and the Honda CR-Z, you find that the base price for the most basic model of the Leaf is $9,635 more than the cost of the average price of the two 30+ mpg cars. Going back to the assumption that you’re driving the car for 160,000 miles, and you save $10,133.33 over using electricity rather than gasoline, we find that the net of the premium of buying electric and the fuel cost savings only net you $498.33 in savings.

This calculation surprised me the most. I thought the premium cost of buying a hybrid, electric, or other kind of non-gasoline consuming vehicle was offset by the fuel consumption savings. I was expecting this value to be much higher than the low $500.

The next calculation I did assumed that there was no tax rebate whatsoever:

This one again returned a surprising value to me. It turns out that the fuel savings of buying an electric car did not offset the premium of buying electric rather than buying a gasoline powered car. Buy choosing electric, you actually lose $7,001.67 on your decision (Again, assume driving 160,000 miles).

To put it graphically, these are the two options showing with or without the tax savings:

Driving Less than 160,000 Miles:

That case was with driving a hefty 160,000 miles over the life of a car. Let’s say you just drive the car 100,000 miles, how do the charts play out?:

What does it all mean and other notes:

Do not buy an electric car to save money on fuel costs. The premiums on buying an electric car over a regular gasoline powered car are simply not worth it unless you are planning on driving the car many miles (160,000+). Government rebates may not always be there for electrical cars, so that’s why I did the two extremes. Rebates help out immensely with the premium of an electric car, but still the premiums are very high. The calculations did not take into account switching from an SUV or other low MPG vehicle to an electric vehicle. A lower MPG vehicle would result in more savings from the fuel efficiency.

Also, there are other costs associated with running an electric car and running a gasoline car besides simply fuel costs. Gas powered vehicles have intake, exhaust, and engine systems which all have their associated maintenance and upkeep costs. An electric-powered car is not without its costs either. You have to recharge more frequently, may have charges associated with installing a charging station in your home (Nissan estimates it at least at a cost of $2000), possible premiums if you plan on using a charge station rather than using a home charge station ($2.75 to fuel up full at home compared to a higher price at a charge station), and battery replacement costs (How much will Nissan sell replacement batteries?).

The costs associated with having an electric car vs a gas-powered car also did not take into account resale value. Obviously you can recoup some of the premium you paid on an electric car by how much you resell, but there is no data on how much you can actually get on an electric car after x number of years. Just remember that it is a depreciating asset like all other cars and you should never buy a car thinking it is an “investment” of any kind.

Thanks for reading! I also posted the excel spreadsheet I used for your own purposes. If you see any mistakes, just let me know. I made the spreadsheet in about 15-20 minutes so I may have skipped on using the best cell references, etc.


David’s Got an Apartment!


Hey Everyone,

This semester has been quite ridiculously hectic so far:

Got Kicked Out of University Housing:

 

Yup. I guess I’m a troublemaker? Hoodlum even?! That’s right, hide yo kids, and hide yo wife, because I’m just an awful

person. Also, I guess having a person that is in your room who is 21 and drinking their own single beer is a evict-able offense… at least in the eyes of the University. Oh well.

Now I’m living in a 3 bedroom apartment with my other roommates that got kicked out, and we’re paying $750 dollars less a month for three times the space of our original dorm with our own kitchen, bath, and living room. Heat and water are also included which is mad nice too. So I guess, I got forced into saving enough money that I can now afford that car I was thinking of? Thanks College! Gotta admit, I love it here. It sucked moving out, but now we always have people over and finally have a little more privacy. Distance from campus? 5 Minutes. Love it. ❤

New Girls, New Stories 😉

I am not a ladies man. Alright, alright, I’m outgoing, funny, kind, intelligent, and I respect and treat women right. Sound familiar? That’s right, it’s the exact formula that women in college don’t go after. I am not a spray tanning, eyebrow waxing, hair mousing, muscle man that is more in love with biceps than with his girl, so naturally, I don’t really have that many girls who I have intimate relations with.

But this year, it’s all different. Ever since the start of the semester, I’ve had a few different girls each month that are involved in my life for a bit, we do things and have fun, then next thing I know, there’s more girls adding themselves in. Where did this come from? Could it be that college girls are actually maturing and realizing that the Jersey Shore wannabe dudes (devout fan btw) aren’t all they’re cracked up to be? Maybe there’s just a spike in the college slut population, yet still these girls aren’t skanky, so that can’t be true. I don’t know what changed this year, but I’m lovin’ it. I actually have a few stories I may tell later on that you may appreciate. Nothing big, just regular gossipy stories that I know some of you subscribers out there eat up like crack coated charleston chews.

School is Hard.

Very. Seriously, doing a double major is not my cup of tea right now. Maybe it was the small period of homelessness I had in between moving (that’s right, I was homeless for a week: certified hobo fresh). Or maybe it’s just the fact all the intro stuff is going away and now we have to learn REAL things, not theories and such. Whatever it is, it’s just difficult and my grades are not so hot. HOWEVER, these last few exams I rocked harder than your grandmother’s rocking chair on speed, so hopefully that GPA will be flyin higher than MIA soon enough.

Business is Good

I started consulting this semester. You know, just trying to earn a little extra cash with some of the knowledge and experiences I’ve had in my life related to technology, business development, and other things. So far, I’ve had a few residual clients that I love working with. It gives me a chance to help out small business owners and other independent professionals with various portions of their professional establishment or professional lives, all while making a decent profit at it. (I charge about $35 an hour, which I guess is rather low for a consultant, but I don’t mind.) I really feel like I’m making a difference in these people’s lives and hopefully they are getting the information that they need to further their professional development.

But, I’m like Nutella, I’m delicious and spread nice over things, but you soon find out, that you’re completely out, and your breakfast, lunch, dinner entre is forever empty of sweet, sweet Nutella. WHY OH WHY IS IT GONE!? But seriously, I always feel like I’m spreading myself thin here. The company is going fine, you know, the one I founded over the summer? I have a partnership deal being hammered out with a popular nationwide pizza franchise which, if it goes through, would land me about $100,000 more with the business. So, hopefully things go well and they like what I have to offer enough to work out a nice little business relationship. If not, well, shit happens, gotta roll with it. Bootstrapping is nice and all, but a little extra nudge is always nice 🙂

Also, I’m working on a children’s book series.

“But David! You’re ****ing crazy! You know nothing of literature, children’s books, publishing, or anything of that sort!”

And to that I say, so what? One day, as a kid, I came up with a list of things I wanted to do before I became an adult and became boring. One of them included, well, not being boring, and also to come up with something to give back to the world as a whole. It didn’t matter what it was, but it had to be something material enough and something worthwhile that someone would say, “Hey, this guy, this guy right here. He did something that changed my life and helped me. Have some of my Nutella”. And then I would proceed to never run out of Nutella ever again and not have to resort to mundane peanut butter on my slice of bread.

Why can’t I make a book series? Who’s to give you the authority to tell me it isn’t going to happen and I should just give up the work I’ve put into it? Sure, I may do bad things occasionally, bend the rules sometimes, and talk and say things worse than a drunken Irish man that had someone take his keys away, but that doesn’t mean I can’t put together some semblances of human emotion and put them on a page and hope it helps a child out there learn about life.

It’s the experiences we have that gives us the ability to teach and produce true artistic material. I can’t remember which Simpsons writer it was that said it in a Simpsons’ commentary, but the best scripts they always had, were the ones where the writer could reach down into a personal experience or event in their lives and put it into a plot for an episode. That’s why, it’s not always an Ivy-League graduate who will produce the best movie, research, or children’s book, but rather an individual who has experienced many great and wonderful things in his life as well as many not so great things. I’m not saying the book will be like a multi-platinum album of the literary world, but even if it changes the life of one child in the world, I’d say that’d be pretty sweet.

Someone Hire Me

Like most college kids, an ideal life would be to go to school, find the perfect girl in or a little after graduation, get a decent job that’s got benefits, have a couple planned kids and maybe an accidental one, then work 50 or so years and die knowing that you were loved and relatively successful.

I gotta find me a job.

I did an internship this summer, and loved it, but now I have to find a new internship at a larger firm to possibly secure a position when I graduate. Graduation isn’t for another year and a half, so I have a decent time to plan, but still, I would like this feeling of floating in an sea of unknown to go away and actually know there’s a rescue career helicopter out there waiting to pick me up and bring me to a job with $50k a year.

I guess, it’s just hard sometimes to really motivate myself to do well in school. It’s like, where am I going? Where will I end up? Will I be happy? I guess I’m being super emo right now, but this is some serious shit. If I don’t figure out what’s going on with my life, I may wake up one morning and see an obese, disheveled, excuse for a man staring back at me in the mirror. I don’t want that. I want to be better than great. I’ll be so awesome in life, they’ll have a new adjective named after me. Oh, Warren Buffet? Yeah, he was a DAVID CREW.

But I digress. I love this place where I am right now, but it won’t last forever. I love doing these little projects, they keep my life interesting, and I guess if I end up finding myself unemployed for a while after I graduate, will hopefully keep me sane. I need to always be doing things, that’s why I’ll always update this blog no matter what. (So subscribe today! 🙂 )

Anywho, that’s more a less an update on what’s going on. Have a good one you guys, and lovin the views and subscribers we’re getting right now. It really means something when you see that stuff. Vote/comment/share today!

-dc