There's no savings to be reaped, definitely not substantial onesIt's a commuter beater that's going to rack up 45k a year. Who cares what it looks like? And depending on other vehicles the household owns, a BEV isn't a bad purchase for a commuter car when there are other gasoline/diesel vehicles in the household for long-distance trips. This person has the opportunity to entirely eliminate their reliance on fossil fuel for their ultra-commute and reap substantial savings.
I know very few people who would consider a $30k+ car a beater.
I know no one who would purchase a $30k+ car they thought was ugly just because it was for their commute.
If I'm buying a $30k+ vehicle it's going to be my only vehicle.
A Bolt with no options except for the DC charge option is $38,245. Tax credit drops to $3750 April 1. So $34,495. Home charger is easily $1000+ installed in my area, so $35,500. A Cruze LS w/convenience package is $20,995, less $1,500 rebate puts you at $19,495.
A $15,500 difference.
45,000 miles at 35mpg =1285.7gallons annually.
1285.7 gallons @ $2.75/gal =$3535.71
$3535.71 x 5years = $17678.57
$17678.57-$15500=$2178.57 more for Cruze....So far.
45,000miles x 5(yrs)= 225,000miles
225,000m / (28kwh/100miles)= 63,000kwh. 63,300kwh @ $.12/kwh=$7.560
Chargepoint says $1.18/50miles for a public Chargepoint useage. Or $5,310
We'll split the difference...$6,435
$6435-$2178=$4,257 more to purchase and power a Bolt than buy and fuel a Cruze.
30 oil changes = $1500
5 air filters = $200
5 trans flush= $1250
4 spark plug service= $500
Total= $3450 (the remaining maintenances are either same or more money on Bolt, well ignore them for this though as the point is made.)
Bolt still Over $800 more. Even after 225,000 and assuming equal cost for non scheduled maintenance and breakdowns.
So best case scenario its a wash, and you essentially just financed thousands more than you needed to.