Chevy Volt cheaper to drive than Toyota Prius Plug-in, unless you’re going more than 70 miles

Now that full specs for the production version of the 2012 Toyota Prius Plug-in have been officially revealed, Pike Research has sufficient data to compare its operating costs to those of the Chevrolet Volt. Looking at the research firm’s chart, as simple as it is, shows us that drivers need to think of that point of intersection that happens at around 70 miles. Of course, Pike’s chart illustrates only one scenario where gas costs $3.50 a gallon and electricity is 11 cents per kilowatt-hour. Any modification to either of those two numbers will alter the point of intersection.

With that stated, here’s what the chart tells us: for trips of less than 70 miles, the Chevy Volt gets there for less cash. Anything longer, and the Prius Plug-in makes less of a dent on the pocketbook. Makes sense, right? What the chart doesn’t show, for some strange reason, is that most trips under 15 miles should cost exactly the same with the two vehicles, since they’ll both be using electrons.

Putting the Volt’s superior electric-only range against the Prius’ exceptional fuel efficiency means that potential consumers should ask themselves one question: “Which is more important for me calculating my driving costs, electric-only range or fuel efficiency?” The answer will depend on what kind of driving you do most days.