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If they are, they oughn't be. Batteries are like a really really expensive fuel tank. The fuel happens to be way cheaper. That's the trade-off. The article fail
by igravious 9y ago
If they are, they oughn't be. Batteries are like a really really expensive fuel tank. The fuel happens to be way cheaper. That's the trade-off. The article fails to mention this, which is odd.
ICE: powertrain + fuel tank ~$6,000 (or whatever your local currency) …
EV: powertrain + fuel tank ~$16,000 …
That makes more sense, but then you'd need – cost of fuel per mile/kilometre
ICE: 10¢ a mile
EV: 1¢ a mile (or sometimes free?)
That's why people are buying electric vehicles already. Okay, maybe it's partly environmental, but surely it is also because they figure that running costs are lower over the lifetime so they might break even overall. As battery prices drop, electric vehicles only become even more economical in the long run.
- saturdaysaint 9y agoAt the the cost/mile rates that you list, it would probably take 6 years or so to break even (also factoring in the cost savings from oil changes and belts). For the U.S. middle class, at least, that's probably too long of an investment horizon (it's amazing to me how many people lease and buy brand new cars without even doing the math about a used vehicle). So I imagine that there will be a significant uptake in the U.S. when people can expect to save money within the life of a lease, which could be as soon as 3 years with a few bumps in fuel prices.