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- ryandude2448
Here's an excerpt from an essay I wrote last semester regarding electric cars and their pricing.
The biggest issue with consumers right now is pricing. For some, a very high-quality EV that costs $63,000 is completely out of the question. While the U.S. Government offers a $7,500 rebate for purchasing EVs, the 2013 Smart fortwo electric drive still costs in excess of $17,500; and that’s the cheapest on the U.S. market. Comparably, a gas-powered 2013 Nissan Versa costs $11,900 new, and you can put 3 more people in it and still haul all the groceries. The main reason people buy an EV is to save money at the pump. Well, outlet, for that matter. The fortwo gets the equivalent of 122 MPG in the city, while the Versa can get 26 MPG. Suppose that you drive each car 10,000 miles per year, gas costs $3 per gallon the entire year, and a kilowatt hour (kWh) costs 15 cents. You will have to pay $1,154 in gas for the Versa, and $419 in electric bills for the fortwo per year. So, excluding insurance, repairs, maintenance, etc., the 2 cars will both cost you $20,701 in 7 years and 8 months.