Monday, May 28, 2018

Estimating The Value of Electric Power: A Customer's Year Spent With The Chevy Bolt


Since the days of abundant sunshine and heat have begun their yearly cycle here at Chuck Hutton of Memphis, many of our staff members and customers are realizing just how much our planet has changed. We are not here to talk politics in the least, but we all agree that there are some days where we collectively think, “Is this our environment that is causing these quick and drastic changes?”. One great reason to embrace the drastic switch that has been made to electric is to appreciate not being reliant on gasoline, as we never know what the future holds on the planet. The knowledgeable staff on duty at Green Car Reports had one of their most frequent readers track just how the two Chevy Bolts that he bought worked out for him over the course of 12 months, and how they worked out during lengthy road trips.

His selection of the Chevy Bolt was very useful in reaping a large savings on fuel costs, and he saw more than 300 miles of range during the summer, even as the Bolt was rated at just 238 miles in this category by the EPA. Longstanding Chevy customer Patrick Reid told of his satisfaction regarding the fossil fuel industry, which he was excited about not ponying up any more money to. Cars that use no gasoline, motor oil, transmission oil, filters, or power steering fluid allow for a much greener consumer footprint, as many have made the decision and taken steps to alleviate the need for an internal combustion vehicle. Chevy still is proud of the quality vehicles we produce that are still dependent on gasoline, and while we will continue to be steadfast for that segment, we are still pleasantly surprised by the number of customers who are making the switch that never before thought they would.

Patrick and his wife purchased their first Bolt EV in January of 2017, and another one in mid-April of the same year. They both have been amazed by the performance, versatility, range, quality of construction, and money saved in fuel costs since the purchase. The Bolts that they raved about replaced a 2007 Chevrolet Impala, and a 2002 GMC Yukon. Each of these vehicles usually saw around 15,000 miles a year put on them, with annual fuel costs adding up to around $4,700. Gas prices in their area hovered around $2.70 per gallon. To illustrate the costs they used to incur against the cost to charge their new vehicles, the results are monumental: fuel at one time cost the couple around $390 per month, yet the electricity expense to charge the new Bolts was just around $85 per month.

After a full year had passed, they had driven a combined total of 30,400 miles, and around 80 percent of these driven were derived from their own garage-generated power. The cost for this power was around 11 cents per KW. Their ultimate goal was to take the $3,700 they had saved on gas costs, and put it towards a college or vacation fund, or any other emergencies that life threw at them. They found that via a bit of advanced planning, the PlugShare, ChargePoint, and Chevrolet Apps have located enough Level 3 chargers for them available on their planning routes, to make these types of trips a possibility, without the hassle of figuring out the most convenient place to recharge the vehicle. They would always try to plan the necessary charging stops at around the 170-210 mile mark, and scout out a proper backup charger within 20 miles. 

At home most of the time, they had both vehicles plugged in at once, and their 20-amp garage charger suffered no issues at all with taking on the duty of the combined 16-amp load. Claiming just how satisfied they were with their purchases was of high importance to this couple: they reflected that both of their Bolts have the exact same ride quality now as they did the very first day of purchase. Come be our guests at Chuck Hutton, and see just how much a Bolt can change your entire savings and spending outlook, to quickly become your most amazing family driving asset for 2018!

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