Originally Posted By: HTSS_TR
Originally Posted By: SeaJay
Only if the cost of electricity is competitive with gasoline. I suspect electricity is currently cheaper than gasoline, but if electric cars become widespread, who knows what the cost will be of bringing on-line all of the new plants that will be needed to power all of these vehicles.
Currently national average cost per kWh is 12 cents. Model S uses 1 kWh for about 4 miles of driving at 60 MPH, so it costs $1 for 33 miles. Compares with similar cars such as MB S550 and BMW 740 at 25 MPG with national average of $2.30/gal, it costs MB and BMW $3. So the saving is about 66% compares with gasoline cars.
That is until they start taxing the electricity for the roads. You're forgetting that a large portion of gasoline's price is contained in the various taxes which are not there on electricity.
And if there becomes mass electric car sales you will have to build a slew of new generating capacity, raising rates even further.
Originally Posted By: SeaJay
Only if the cost of electricity is competitive with gasoline. I suspect electricity is currently cheaper than gasoline, but if electric cars become widespread, who knows what the cost will be of bringing on-line all of the new plants that will be needed to power all of these vehicles.
Currently national average cost per kWh is 12 cents. Model S uses 1 kWh for about 4 miles of driving at 60 MPH, so it costs $1 for 33 miles. Compares with similar cars such as MB S550 and BMW 740 at 25 MPG with national average of $2.30/gal, it costs MB and BMW $3. So the saving is about 66% compares with gasoline cars.
That is until they start taxing the electricity for the roads. You're forgetting that a large portion of gasoline's price is contained in the various taxes which are not there on electricity.
And if there becomes mass electric car sales you will have to build a slew of new generating capacity, raising rates even further.