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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 55976  
Subject: Re: Turn on/plug in/drop out-electric car manife Date: 2/5/2013 10:08 AM
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Mike:"Granted, a savings of $100 more or less per year is not going to suddenly make large numbers of people suddenly decide a plug-in is worth it for them. But if you think 5 and 10 years out, what is likely to happen to gas and electricity prices? Almost for sure they will both go up. If they both double, the savings doubles. If gas goes up more than electricity, the savings increases. The only way to lose is if electricity goes up more than gas -- NO WAIT, you can still buy just gas...with a plug-in hybrid you can pick the cheapest fuel.

With a gas-only car 100% of your marginal gas use that you could have avoided goes straight overseas to the expensive (most distant?) source of crude."


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No one is going to rush out and spend $35,000 to save $100 a year. Or even $200/yr.

Or pay a $10,000 premium to be able to save $200 a year......that would have infinite payback. Longer than the life of the car.

The US is going to reach a point where it gets no oil from overseas in a few years - with declining use and much better fuel mileage...it won't be long - so that argument disappears as well.

And yes, electricity and gas will be more expensive but who knows what the ratio will be? gas 3 times more? electricity from wind and solar? 3 times more like in Europe? who knows.


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The American people have spoken. EVs are dying on the vine. Folks just ain't buying them. Simple.

The economics aren't there.


t.
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