My only major concern would be that we live in California, with some of the highest electricity costs in the nation, and it would be pretty impossible to recover the initial investment.
I went through all these numbers originally when considering a Chevy Volt/Nissan Leaf/Prius PHV/CT200h.
Other areas of the country are at $.13/KWH average (some as low as $.08/kWh!), while in the LA area rates can easily hit $.19/KWH and sometimes as much as $.40/KWH for 'abusers'.
LOS ANGELES CONSUMER PRICE INDEX: AVERAGE ENERGY PRICES FOR SEPTEMBER 2011
If we take a Chevy Volt as an example, it's battery is 16kWh, with a usable capacity of 10.4kWh (65%), and a range of 35-40 miles on that charge, that's a bit over $2 for that range.
Whereas premium gas at $4/gallon would cost about $4 for it's 37 mile range (what the volt gets on gas). Sure makes the electricity look good, even at $.20/kWh.
Let's try the 8kWh $5500 ($6500 in California) battery. With the same 65% effective range, wild ballpark figures put that at 5.2kWh usable, at $.20/kWh we should be right at $1 for a 20 mile range.
Whereas regular gas at about $3.65/gallon should give a good 40 miles in the CT200h, the electricity to go 40 miles would be $2 vs $3.65 for gas.
Not too bad. Now if we calculate that if we very often ran below 20 miles and kept on the battery most of the time, at $1.65 saved every 40 miles, we could make up that initial investment of $6500 after 157,500 miles. (Assuming the battery would last that long). If we drove it the max 20 miles every day we could recover the cost in about 21.6 years. (At $.10/kWh it would still be 121,000 electric driven miles to recover the cost after 16.5 years at 20 miles/day).
I may have gotten a C in math, and maybe I need to run the numbers again, but they just aren't making sense to me, at least not in California.
(Please feel free to rework the math, I could be totally off!)
Not trying to poo-poo the idea, but as a business owner I couldn't quite see the savings paying off the initial investment. At least with the Prius PHV we'd get the car pool lane, which might save hours, but not in the CT200h.
