Wednesday, February 6, 2019

Electric cars cheaper over their lifetime than gas guzzlers

Auto companies promote the environmental benefits of electric cars, but that only appeals to the “dark green” market segment. Initial cost can be a barrier to purchasers who don’t see the need to take a perceived risk on new technology. Perhaps instead car makers should tell people that electric cars are more powerful and cost less to own and operate. There’s a nice chart in this article that compares the lifetime cost of vehicles. Wouldn’t you rather have a car that rarely need servicing?

The other barrier we need to overcome is thinking that our car has to do everything: Take us back and forth to work and the grocery = 95%; go on one long road trip with the kid in the summer = 5%. Why not buy an electric car that gets you around the vast majority of the time and then rent a van for your road trip?

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