New Economics To Spur EV Growth

Electric car economics are showing some sparks

Jerry Edgerton, July 27, 2016 (CBS News Moneywatch)

“…Except for the glamorous and expensive Tesla Model S, electric vehicle sales for the first half of 2016 are down 11 percent, according to Kelley Blue Book…[but the economics of EVs] may be changing…[and] an electric vehicle can be a money-saver for some commuters even in an era of low gas prices…[The Department of Transportation just announced it will] use up to $4.5 billion in loan guarantees to spur creation of a national network of fast-charging stations for electric cars…[through] a coalition of automakers and utilities to get behind this effort…[T]he Chevrolet Bolt will be the first affordable electric with a range of about 200 miles before it needs recharging…[T]he average price of a one- to three- year-old Nissan Leaf is just $12,533…[T]he fueleconomy.gov website estimates savings of $4,000 over five years for that Leaf compared with the average 2013 car…[A 240-volt level-two home charger now costs about $1,500 to] buy and install…” click here for more

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