I've been interested in determining an appropriate comparison of the cost of driving an electric car compared to an ordinary gasoline-powered (or non-plug in hybrid) car. Since I was unable to easily find this comparison published, I've done it myself here.
What am I calculating in each case? The cost per distance of an electric car and the same quantity for a gasoline powered car. The ratio of the two tells us how much farther we can go, per dollar, with an electric car.
Both vehicles are traveling at the same speed, and require the same brake power. The brake power is the power delivered to the wheels.
P = Power required at wheels of vehicle to drive at speed V (hp or Watts)
V = Vehicle speed (mile/hr or m/s)
ηe = Overall efficiency of electric engine
ηg = Overall efficiency of gasoline engine
Ce = Cost of electric energy ($/kW-hr or $/J)
Cg = Cost of gasoline ($/gal or $/liter)
ρ = Density of gasoline (kg/liter)
Δh = Specific energy of combustion of gasoline (J/kg)
DDe = Distance per Dollar of electric car (miles/$ or km/$)
DDg = Distance per Dollar of gasoline car (miles/$ or km/$)
Ee = Fuel economy of electric car (miles/gal or km/liter)
Eg = Fuel economy of electric car (miles/gal or km/liter)
Qg = Volumetric flow rate of gasoline (gal/hr or liter/hr)
Step 1. Analysis of the Gasoline Car.
The Distance per dollar, DDg is the ratio of the fuel economy to the cost of the gasoline fuel consumed by the engine, DDg = Eg/Cg. The fuel economy is the ratio of the vehicle speed to the volumetric flow rate of fuel consumed, Eg = V / Qg.
The thermal power released by the combustion of gasoline is ρΔHQg. (We multiply by flow rate by the density because the thermal energy is usually listed on a mass-basis, but the flow rate of fuel is a volume-basis.) Due to thermodynamic inefficiencies inherent in the combustion process (and transmission losses), the amount of mechanical power delivered to the wheels is less than this. The ratio of the power at the wheels to the thermal power by combustion is the overall gasoline engine efficiency, ηg. The mechanical power delivered to the wheels, P = ρΔhQgηg. Rearranging this equation, we have Qg = P / (ρΔhηg).
Substituting this expression into the first equation in this section, we have DDg = ρV&etagΔh / (PCg).
Step 2. Analysis of the Electric Car
The distance per dollar for the electric car is given as the ratio of the "fuel" economy to the price of electricity needed to charge the batteries, DDe = Ee / Ce.
The electric car economy is the ratio of the speed of the vehicle to the rate of electrical power supplied by the batteries. The ratio of the power at the wheels to the electrical power supplied by the batteries is the overall efficiency ηe. Thus, Ee = Vηe / P, where P is the power at the wheels. Thus, DDe = Vηe / (PCe).
Step 3. Compute Ratio
The ratio of the electric vehicle distance per dollar to the gasoline vehicle distance per dollar is given by dividing the two equations at the end of each previous section. Note that the P and V cancel out since they represent the power at the wheels and the vehicle speed. We assumed these things were the same for both cars. Thus,
DDe/DDg = ηeCg / (ηgρΔhcCe)
For an electric car, the overall efficiency is 75%. For the gasoline car, the efficiency is about 20%. The cost of gasoline is $4.25/gallon. The cost of electrical energy is about $0.106/kW-hr (according to my ComEd bill). Finally, the density of gasoline is about 740 kg/m3 and the specific combustion energy (actually enthalpy is the correct term here) is about 47,000,000 J/kg.
Inserting these terms into the our equation for the DD ratio yields.
DDe/DDg = (0.75/0.2) x (2.734) x (4.25 / 10.6) = 4.1 !!!
The middle term accounts for the density, combustion term, and unit conversion factors.
For a typical electric car, the distance driven per dollar is 4 times that for a gasoline-powered car. This analysis does not imply that the overall costs of electric vehicles is lower, since a real economic analysis has to include many other factors, not the least of which is initial cost.