Honda's funny math on cost of driving Fit electric vehicle
 

Honda's fuel comparison for its electric Fit leaves out the mileage penalty for driving beyond the lease limits.

Jerry Hirsch - LATIMES - July 02, 2012

Who's ready to get Fit? --Ed.

Honda is using funny math in the press materials for the all-electric version of the Honda Fit hatchback that went on sale this month.

The automaker claims that the cost of powering the electric car is $3,981 less over three years than an average of small and compact gasoline-powered cars.

Not really.

Honda bases its data on driving the Fit for 15,000 miles a year, or 45,000 miles for three years. However the automaker is only selling a lease for the car, and it has a limit of 36,000 miles. Any consumer driving the Fit to the 45,000 miles used in the comparison would incur $1,800 in penalties, reducing the operation savings to about $2,200.

Honda officials said they picked the 15,000 miles number because that is a standard used for comparing fueling costs of vehicles by the Environmental Protection Agency. But besides the fact that a consumer couldn’t drive that amount annually without paying the big penalty, it also favors electric vehicles because they cost less to fuel per mile... [Read More]

Re: Honda's funny math on cost of driving Fit electric vehicle
 

this article is a bit picky, how does the Fit EV compare to an F250 with a gasoline V8?

Re: Honda's funny math on cost of driving Fit electric vehicle
 

LOL. Those word problems are a stinker.
Honda's Marketing Department needs to do some remedial mathematics!

Re: Honda's funny math on cost of driving Fit electric vehicle
 

I want the hatch spolier that they have on the EV. :cool: Looks much more functional than the one they have on the gasser.

see the picture on the actuall artical.

Re: Honda's funny math on cost of driving Fit electric vehicle
 

Mathematics involving a lease is always a dicey proposition (as it makes no economic sense to pay full price for a car you never get to own.)

Re: Honda's funny math on cost of driving Fit electric vehicle
 

Hi All:

All the BEVs/PHEVs include the “funny” math. And this is most certainly not anything new either :( I see PR’s on the electrified vehicles touting savings all the time but the average Joe knows his $179/month is affordable. $230 with huge $’s down and a minimum number of miles is not. And of course we all know electricity is free of course…

Wayne