novo_solar_cars-0582 May 4th, 2018

Whether it’s the result of supply and demand, the Canadian dollar, the newly placed carbon tax increase or some other market factor, what is clear is the increasing price of gasoline in British Columbia. This week we saw the highest ever gas rates in the Lower Mainland, some as high as 1.61/liter, in Vancouver. Below are Novo Solar’s electric vehicle performance update along with more information resources to assess how your vehicle compares.

While the reasons and theories behind this abrupt shift are varied, one place to get information is from Natural Resources Canada – there you will find gas prices over days, months and even years. What is missing from the public discourse is all the information that is tightly held by the oil and gas industry. We don’t get to see the rationale for how refineries maximize their profits within any specific market or region. They are also not likely to publicly enter this conversation anytime soon. Read more here.

So what is the solution?

Novo Solar has been enjoying the benefits of lower vehicle fuel costs with the purchase of our company 2017 Chevy Volt and the complete elimination of gasoline fuel costs with our 2017 Chevy Bolt! Equipped with smart technology, these vehicles are capable of tracking energy usage statistics. Here is Novo Solar’s electric vehicle performance update:

 Chevy Volt – Electric/ Gas Hybrid

Total Mileage: 41,506 km

Mileage on Electricity: 21,674 km (52%)

Mileage on Gas: 19,832 km

Fuel Efficiency: 3.1 l/100 km (over 80 mpg miles per gallon)

Chevy Bolt – Electric Vehicle

Total Mileage: 22,877 km

Average Mileage on one full battery charge: ~ 450 km

Energy used on one full battery charge: 352.4 kWh

Average Efficiency: 13 kWh/100 km

How does this compare with a gasoline vehicle?

For the 2016 Chevy Volt with an annual mileage of 10,000 km:

Fuel costs (electricity) are estimated at $233.00 for the entire year (52% of all mileage)

4,800 km travelled using gas, with a fuel efficiency of 3.1 l/100 km requires about 148.8 liters of gas. Gas costs for the year at today’s rate of $1.61/liter would be $239.57.

Total fuel costs = $472.57

Whereas a 2016 Chevy Impala Sedan with the same annual mileage, fuel costs (gas) are estimated at $1,121.77 for the entire year.

There are other costs to consider, but strictly speaking on fuel costs it is clear which of these vehicles is lower. CAA has an interactive online tool to calculate driving costs of several vehicles makes and models, as long it was built in 2016 onward. Have a look to see how certain vehicles compare to our electric vehicle performance update.

The next EV purchase might just be the Workhorse we posted about earlier this year. It is an all-wheel drive delivery vehicle that features a low floor height and a tall roof for ease of access. Check out all our Blog topics about EVs here!