CHEAP GAS AND CARS WITH PLUGS
Will Cheap Gas Kill Electric And Hybrid Cars?
Mary-Lynn Cesar, February 18, 2016 (Seeking Alpha)
“…[T]he nationwide average gas price for February is below $2.00 per gallon…[and] Americans are increasingly gravitating [back] toward pickup trucks and SUVs…According to Kelley Blue Book, more than half of all [the record-setting 2015 transactions of 17.5 million vehicles] comprised truck and SUV sales, driving up the average sales price to $34,428…Per InsideEVs, overall electric vehicle sales declined year over year between 2014 and 2015, falling 5.2% from 122,438 to 116,099…[But] EPA's greenhouse gas emission/fuel economy regulation, which stipulates that cars must meet a mileage requirement of 55.5 miles per gallon in 2025. The Model S has an impressive 265-mile range, the latest Nissan Leaf can go 107 miles on a single charge, the BMW i3 can last for 83 miles and the Prius, depending on the model, gets between 42 and 56 miles on a full tank. The popular aluminum Ford F-150 pickup truck gets a combined 20 miles per gallon. If car makers hope to meet the EPA's requirement…it's likely they'll start offering electric models of beloved SUVs and trucks]…” click here for more