Price Per Mile For EVs Falls Below $300 For First Time

JUL 19 2016 BY MARK KANE 28

Tesla Model S

Tesla Model S

As one would explect, Tesla Motors occupies most of the top spots for electric vehicles as sorted by range rank.  Yet despite the high price tags on the Teslas, the size of battery packs on board still make the Model S the “cheapest per mile” for range.

The Model S 75 stands at $299 per mile of EPA range, ahead of the 90D, 75D and 60. Only the Chevrolet Spark EV manages to thwart an all-Tesla Top 5 (see chart below).

However, when deducting the $7,500 federal tax credit, the Chevrolet Spark EV easily takes the #1 spot at $230/mile of EPA range.  In fact, by allowing for the federal credit, a myriad of “city EVs”  pull even (or a little better) than the least expensive Tesla.

We must also notice that today’s 30 kWh Nissan LEAF is not that far away from Tesla at $328/mile (pre-credit),  a number that will improve in the short term as new battery options are made available.  Expect to see this list change significantly over the next 12 months, as both the upgraded LEAF and the upcoming Bolt EV will both move to the top.

BEVs Price per mile of range – U.S. (July 2016) – some models estimated

BEVs Price per mile of range – U.S. (July 2016) – some models estimated

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28 Comments on "Price Per Mile For EVs Falls Below $300 For First Time"

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Warren

The Bolt at ~$30K after Fed tax credits, will be ~$150 per mile. Good enough to be my last car.

Kdawg

The Bolt EV will blow these #’s away.

$37,500/200 = $187.60/mile

Add in the credit

$30,000/200 = $150/mile

Kdawg

Echo.. echo…

Alex

Yes the Bolt will be great in these chart and look all other old.

jelloslug

And the Model 3 will be even better….

Kdawg

Unfortunately, we won’t be reviewing that “in the next 12 months”.

Pete

Model 3 will be only better because you sit lower and have less head room. I bet it will have less than 58 kWh.

G2

Not sure how relevant these comparisons are anymore.

suresh

it is very relevant. a lot of people equate price to range .

Dan

All those price per gallon of tank that people used to make their car buying decisions???

DWK

While $/mile of range is important it’s only relevant up to what you actually need, if you almost never need it why pay for it? People seem to think they do all this driving but they really don’t. 120-150 miles is probably enough for 90% or more of us.

Dan

Exactly. About 75% of Americans live along the west coast, along the east coast or in Texas or Florida. All of those regions are densely populated and are filled with DC combo chargers for both standards.

The people who actually need a 200 mile EV are quite rare.

Ziv

I don’t know, G2. Going forward, if the Bolt leads the way and the other companies follow, this type of comparison could be very important indeed. But the prices have to CONTINUE to fall to get BEV/EREV sales above 2% of US light duty fleet sales.

G2

OK…but shouldn’t the comparison be with ICE vehicles and their equivalent BEV?

Ziv

I think the point is that once the BEV’s reach a certain price point per mile of AER, the price disincentive will largely disappear and the sales figures will go up. I could be wrong, though.
Putting the equivalent ICE vehicles in there you are just comparing apples to oranges.

Thanks to Mark and InsideEVs for constantly coming up with excellent infographics. Better EVen than I dunno, uh, maybe Consumer Retorts?

I don’t know how many special sales are available for Tesla (none since everyone gets family discount according to Musk). But there are sales for other EV such that they can get whole lot cheaper. I saw Leaf SV with 30 kWh listed for $19.9K in San Bernadino, CA. ($20K/120=$167/mi, $12.7K/120=$106/mi post fed) SparkEV are listed as low as $18K ($220/mi, $128/mi post fed). Those are extremes, but there are deals that could bring it down much cheaper than Tesla, even close to $100/mi.

***mod edit (Jay Cole)***
thanks for the heads-up on the page SparkEV!
***mod edit***

Vinny

Not all EVs have four wheels. Lets see, Zero S, 108 miles range at $12,595.00 equals $116.62 per mile. If price per mile is a big deal then best to look for two wheeled EVs.

Yoda

Electric motos are even more important as CARB once said they are only 1% of the miles in CA but are 10% of the traffic pollution due to a lack of emissions controls that cars are required ts have…

Mr. M

You ate right but you should go for a even cheaper solution. My ebike (pedelec) gets a range of 43-90 miles, depending on electric level. It costed 2.300€.

That is 25-54 €/electric mile.

Dan Hue

The metric of “price/mile-of-range” is completely nonsensical, because it assumes that every mile of range has the same value, which is just not the case. Indeed, everyone knows that the first 50 miles cover 90%+ of the need of most. Those past that are rarely used.

Rick Bronson

Chevy Spark will be phased out by November this year.

This may not be precise calc since Tesla’s vehicles are 7 seater and we have to factor in that.

Anyway congrats to Tesla for taking Top-4 spots.

ModernMarvelFan

7 seater is a big stretch in the Model S… more like 5+2. and you pay more for those options.

On the Model X, it is pretty much a joke too to anyone who is taller than 5’9″ and it cost $4K more plus air suspension cost as required.

Rick Bronson

Here is some news about Nissan Leaf-2017.

Seems its getting a 40 KWh battery for a 140 mile range. This badly needed for the model to survive in the face of many upcoming Electric vehicles given the fact that Leaf will step into the 7th year with the same design.

http://www.tampabayreview.com/news/rtb-2017-nissan-leaf-better-tesla-model-s/5095/

http://cleantechnica.com/2016/07/16/140-miles-nissan-leaf-40-kwh-coming-year-rumor/

John Hollenberg

That isn’t news, it is a rumor (which may be news at some point, but still a rumor none the less).

ydnas7

interesting how Tesla manages to book end the ranges, both as the cheapest and the most expensive.

4 of the 5 cheapest are Tesla
4 of the 5 most expensive are also Tesla

(Mercedes was long discontinued)

Four Electrics

Another metric is dollar per mile driven. If you assume a Tesla will be driven 200K miles over its useful life, that’s about fifty cents per mile, excluding cost of capital.