Washington Tries to Spark Interest in Electric Vehicles with New Web Tool
June 12, 2013 8:53 AM
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New web tool called eGallon hopes to spur interest in electric vehicles
The majority of car buyers around the country are staying away from electric vehicles. Many shoppers like the idea of not having to purchase gasoline and reducing pollution, but all modern electric vehicles have significant issues that are too major for the vast majority of shoppers to overcome. The main problems with the electric vehicles currently on the market include cost, short driving ranges, and long charging times among others.
Many areas in the United States also have little or no electric vehicle-charging infrastructure. The annual Electric Drive Transportation Association annual conference was held in Detroit this week and automakers used the conference to talk up their effort to improve charging times. During the conference, the U.S. Department of Energy also launched a new interactive tool on the internet to help illustrate cost savings between gas and electric vehicles.
The tool is called eGallon and makes it easier for consumers to compare the costs of driving each type vehicle. The web tool currently says that costs owners of electric vehicles pay about $1.14 in electricity to drive as far as 1 gallon of gasoline, which costs approximately $3.84 a gallon.
“Consumers can see gasoline prices posted at the corner gas station, but are left in the dark on the cost of fueling an electric vehicle. The eGallon will bring greater transparency to vehicle operating costs, and help drivers figure out how much they might save on fuel by choosing an electric vehicle. It also shows the low and steady price of fueling with electricity,” said Energy Secretary Ernest Moniz. “Not only can electric vehicles save consumers on fuel and reduce our dependence on oil, they also represent an opportunity for America to lead in a growing, global manufacturing industry.”
GM and BMW also announced during the conference that they have reached the milestone on the path to adopting a new automotive industry standard for DC fast charging. The two companies are working on a joint venture for fast charging systems that will work for both the BMW i3 and the
Chevrolet Spark electric vehicle
. The system is being tested and could charge electric vehicles up to 80% of total capacity in only 20 min.
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RE: Issues with price
6/12/2013 5:31:03 PM
You forgot about the tax credit. Put aside the politics for now and just accept that from the consumer's perspective he gets that money and it factors into what he pays for the car.
Take out a 1%, 85-month, $28,106 loan, and it's $350/mo. Make a one-time $7500 payment towards the loan in a year, and it's paid off by July 2018 instead (5 years).
For the Fit, a 1%, 5 year, $15,863 loan works out to $271/mo.
Add in fuel costs, and you've got
for the Leaf and
for the Fit.
On top of that, with the Fit, auto costs $800 more (auto is on 93%+ of new cars), it'll wear brakes much faster (EVs have regenerative braking), need oil changes, will cost a lot more to run after they're paid off, etc.
(FYI, I used the bankrate loan calculator)
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