Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
EVs can be made for reasonable prices. Hobbyists do this right now - you can get an EV conversion from a little entrepreneur for $5,000 - $20,000.
China is making EVs at more than reasonable prices, if they were allowed to import them here (some people are working on getting them here right now.) Example: http://fevehicle.com/services.html
The high prices associated with EV startups we are seeing is just due to startup and development costs. It's extremely hard to launch a car here in the US, if you are not already an established player. This doesn't just apply to EVs. Lots of people have great ideas for cars of all types, but can't afford the marketing machinery and federal testing requirements. That's why there hasn't been a successful auto startup here in the US for decades.
Since they are only building ONE of them, we are left to guess at what the price REALLY is for the car.
If they could sell 200,000 of them a year, and believe me, many more than that number of people could USE THIS CAR for their commute, they might get that price down a bit.
But even at that price, it's a good buy as a COMMUTER CAR. Of course not as the only car in the family. The AVERAGE
price for a new car is $28,000.
Are you sure about the 1 cent per mile electric cost?
Try this with $3 per gallon gas and maybe 8000 miles per year, as pretty much a car to go to work and back in for one driver from a 2 car couple. At 25 mpg that is about $1000 per year for gas...now we have a 10 year pay back, even at zero fuel cost for the electric.
In any case, even breaking even after 5 years and 75,000 miles is not going to appeal to too many buyers, imo.
Do gasoline car buyers worry about "breaking even?"
A car is a disposable consumable asset, not an investment, and one which in most cases loses it's market value very quickly.
Worrying about how much one car costs over another in a 5-15 year time frame is just a wasted exercise. Very few people care about that crap after the car is in the driveway.
If you can get the same job done (i.e. your commute) in a much cleaner and MUCH less expensive fashion and without the hassles of oil changes, fuel stops, etc, forget all the little piddly downsides !!
You drive the car to work, run your errands, drive it home and plug it in for the night.
I used that number because I think we'll be there pretty soon.
...Are you sure about the 1 cent per mile electric cost?
I drive an EV that gets 4 miles per KWH. I get an off-peak rate from my utility of 3 cents/KWH. This number can be confirmed here - Rate D1.7 in this document:
http://my.dteenergy.com/myAccount/pdfs/rates.pdf
That makes my own cost closer to 1/2 cent per mile. However, many EV makers use 1 cent/mile as the approximate cost of fuel.
...Try this with $3 per gallon gas and maybe 8000 miles per year...
I think most people reading this realize where gas is headed.
But, as others have pointed out, fuel cost is just one of the attractions. EVs tend to last longer (aside from battery changes) because the motor needs no maintenance. Fueling at home is attractive to some. Low noise, low pollution. Not financing the petroleum behemoth and the middle east is also a plus.
Demand is driven many different ways. You can't proclaim a lack of demand simply based on considerations most important to you.
Uhh, I didn't I've said there is not much demand for a
100 mile range 2-seater at $22,000. Your own link confirmed this. There is little demand for any 2-seater to begin with.
When you get an off-peak discount doesn't that mean you pay more at other times? What is the weight of your 4 mi/kwH vehicle?
Do gasoline car buyers worry about "breaking even?"
This comment makes no sense. The "breaking even" statement was about comparing the cost of a gasoline car to a similar electric. It is certainly something I would look at.
Worrying about how much one car costs over another in a 5-15 year time frame is just a wasted exercise. Very few people care about that crap after the car is in the driveway.
Well, then do they care whether it costs $12,000 or $22,000 to get it in the driveway?
If you can get the same job done (i.e. your commute) in a much cleaner and MUCH less expensive fashion...
That's just it, it is not less expensive. I think at about a $5000 premium it would be getting close to a wash (leaving aside those "little piddly downsides") to have an electric car for commuting. I don't think we are there yet.
I suppose this depends on what the EV competition was. If this were to be the only mass-market EV offered for sale, I believe it could do well enough.
...When you get an off-peak discount doesn't that mean you pay more at other times? What is the weight of your 4 mi/kwH vehicle?
Not really an issue for me. Daytime electric use is pretty low in a typical home, when everybody is away at work/school etc. My electric bill doesn't seem to be out of line.
My vehicle, an old 1981 Jet Industries Electra-Van, weighs about 2200 pounds.
A car is a disposable consumable asset, not an investment, and one which in most cases loses it's market value very quickly.
The point is: do you worry about "break even" when you buy a gasoline car? NO. You just buy the car, fuel it, and maintain it.
My point is that people should behave the SAME WAY when dealing with a commuter car which is alternately fueled - don't COMPARE it to a gas car and see how many pennies you might save in 75,000 miles - find out if the car fits your needs and your budget and BUY it. Just like you would a regular gasoline car.
Don't change the buying or the decision criteria merely because the vehicle is fueled by a different source than gasoline.
Once people stop comparing apples to oranges and just buy the "smallest fruit" which can do the job and which is cleaner and cheaper to operate, the USA will be a better place.
People CERTAINLY compare prices on cars that do the same job and are in the same class of vehicle. And that's what "break even" is all about. It's not about your car making you money, it's about saving money on your total cost of ownership.
Just because a vehicle is a hybrid or electric doesn't suddenly make it immune to needing to meet my budget as well as my needs.
It's not apples to oranges. It's car to car.
Don't assume the EV would lose this comparison. A typical driver could easily spend $100-200 per month on gasoline. An EV driver would spend only about $15 for electricity over the same period. The savings would likely offset the increased car payment on the EV.
Once the car is paid off, those fuel savings go in your pocket.
You seem to be suggest that people should do exactly that...ignore the higher initial cost of the electric vehicle and buy it just because it uses electricity.
An electric costs more initially and less to operate. Why shouldn't one determine how much more it makes economic sense to pay, by comparing the total cost vs. a similar gasoline or diesel powered vehicle?
I think EVs will be hobby type vehicles for another 10 years.
Ok it looks like I am running into this debate a little late but here goes. For now most EV's would lose this comparison. That is until the price of EV's comes down somewhat. That $100-$200 per month that the average buyer pays per month for gas will easily be eaten up in extra car payments for an EV vehicle (if the difference is financed).
That means that the cost of a gas powered car (in monthly payments) plus the gas to use it might be cheaper than the monthly payments of the EV. Hence buying the gas powered car and driving it around is cheaper than buying the EV and leaving it in the Garage.
That being said maybe a 10% premium for an EV may make sense. a 25%+ premium doesn't.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Well, this is one of those 'your mileage may vary' situations. I used a car loan calculator at
http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full
And it looked to me like an extra $10k added (to a 5-year loan) usually works out to about another $100-200/month (depending on interest rate) for a fairly standard loan.
This is what I meant when I said the extra cost of the EVs car payments would be compensated for by gasoline savings.
So, if you drive more than an average driver (over 1200 miles/month), the EV would save you more than the comparable gas car. Drive less, and the savings aren't so much.
Get a low interest rate, and you make out with the EV as well.
Don't forget, once the car is paid off, the gasoline savings begin to go into your pocket.
I'm hoping we're closer than this. Here are at least two cars that are targeted for a 2008 introduction:
http://phoenixmotorcars.com/
http://www.milesev.com/ (click on 'Our Vehicles', then 'Highway Speed Sedan')
...Until they come up with stable batteries that do not cost more than most people are will to spend for a whole car.
I like to point to these Chinese LiFePO4 batteries, that are priced in the lead-acid range:
http://everspring.net/product-battery.htm
The above batteries are a big part of the reason I think imported Chinese EVs (see one of my previous posts for Chinese EV prices) will be the ones to watch.
it is equipped with a non-toxic, revolutionary Altairnano (NASDAQ: ALTI) NanosafeTM lithium-titinate battery, which can be recharged in less than 10 minutes and has a battery pack with a life of greater than 250,000 miles.
I would feel better about that statement if it included 10 years of life. As I would probably put about 50k miles in 10 years on one.
Those Chinese batteries sound pretty awesome. Do you know anyone that has ordered and installed them yet? If so what kind of price. I still think of the possibility of converting my Ranger when the V6 gives out some day.
Altairnano has waffled a bit on life, possibly because nobody can know for certain until they've been in the field that long. However, I have seen published estimates of 12 to 20 years for those batteries.
...Those Chinese batteries sound pretty awesome. Do you know anyone that has ordered and installed them yet?
Here are several hobbyist projects powered by Thunder Sky batteries:
http://www.austinev.org/evalbum/battb/THUN
I like that idea too, but is it really much hassle to buy gas? I stop at a station on a road I am travelling on, slide my credit card, stick the nozzle in and wait a few minutes for it to click off. I'm then good for 400+ miles...which is about a month, if all I do is go to and from work. I don't know that plugging and unplugging my car every day, vs. stopping for gas every 3-4 weeks, would take much less time, in total.
First thing to note is that a lot of the pro EV argument is that its cheaper to run.
Second the break even argument is based on a very simple economic premise that one would try to maximize utility with the minimum cost. In other words most people would chose the least expensive of two potions if both gave the same thing.
I don't know why people who are willing to pay a premium for being more environmentally friendly
Well one has to wonder if the EV's are truly more environmentally friendly. It is my understanding that the environmental impact of creating and then disposing the elements needed for an EV car outweigh the lesser impact that using an EV over a gas powered car has. Also you have to remember that the electricity has to be produced somehow. A lot of that that means burning oil or coal.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I like the way the website is laid out. Tracking different brands of components and equipment. Are you in there?
Untrue. This is nothing more than a bit of propaganda spread around by the various petroleum interests. I have seen this repeated countless times, but never explained, justified or proved. Since the EV has fewer and simpler parts, it will require less manufacturing input, not more. Therefore this argument must refer to EV batteries. But the newest designs for EV batteries have very minor environmental impact. Even old battery designs (like lead-acid) are fully recyclable. Besides, no conceivable 'battery pollution' could possibly compare with the drilling, pumping, shipping, refining, and burning of gasoline. Sorry, bogus argument.
...Also you have to remember that the electricity has to be produced somehow. A lot of that that means burning oil or coal.
Another old argument, just as baseless. The EV makes much more efficient use of energy all along the fuel chain. It's true that about 50% of electricity comes from coal (and just 3% from oil), but because of greatly improved efficiencies, the EV only creates a mere 3% of the pollution of a gas vehicle.
Sources:
http://www.electric-cars-are-for-girls.com/electric-powered-cars.html
actual study here: http://www.energy.ca.gov/papers/CEC-999-1996-015.PDF
"...in a study conducted by the Los Angeles Department of Water and Power, EVs were significantly cleaner over the course of 100,000 miles than ICE cars. The electricity generation process produces less than 100 pounds of pollutants for EVs compared to 3000 pounds for ICE vehicles."
My EV is in there, at:
http://www.austinev.org/evalbum/775
Unless you can provide a source for this I will presume that this is just propaganda as the creation and disposal of the batteries used does have a great environmental impact.
Another old argument, just as baseless.
Not baseless at all, electricity has to be created and its not going to be created cleanly. Unless its neclear and those plants are not being built. You want electricity for your EV oil and coal will be burnt to create it and there goes the clean factor.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Here are a few sources. Below are a collection of studies that look at the entire process, well-to-wheels, of an electric vehicle:
http://sherryboschert.com/Downloads/Emissions%5B9%5D.pdf
As to EV batteries, Li-Ion batteries (current battery tech) are not considered an environmental hazard. Here's a source from the Oregon Dept. of Environmental Quality:
http://www.deq.state.or.us/lq/pubs/docs/hw/Success/OnToTechnology.pdf
A quote from the above: "The lithium-ion battery on-the-other-hand, is always in solution and therefore a lithium salt (not metal) which is non-reactive. "
AltairNano even claims their batteries are biodegradable.
...Not baseless at all, electricity has to be created and its not going to be created cleanly.
I cannot claim that coal is clean. However, because of the efficiencies of electricity generation, transmission, and use by the EV, that much less pollution - just a fraction - is generated overall. I quoted a study that showed this.
Here's why this is so: gasoline has lots of energy density, but many inefficiencies are present in its transportation, refining, and use. Fuel burns much more efficiently in a large powerplant than it does in your car. Sending the energy by wire to your car (about 97% efficient) also beats trucking fuel all over the country. And the motor in an EV is over 90% efficient as well.
Did you know lots of electricity is used to refine gasoline? Another interesting fact is that large powerplants operate at very low efficiencies overnight, when demand drops - wasting tons of fuel, because they can't be turned off. Charging EVs overnight can use that wasted fuel - without increasing pollution.
If you still disagree, post some evidence of your own. I would love to continue this discussion.
I have considered it. However, I decided that because of the age of this vehicle, a large investment of time and money would not be prudent. In my next electric vehicle, definitely.
One of the things slowing the adoption of li-ions by the hobbyist community is that fact that these types of batteries require much tighter charging and discharging management to remain safe. That requires some serious engineering work, and not everybody is up to it. A few people are working on battery management systems that will become products for sale to hobbyists - when we all standardize on one of these, you'll see more hobbyists using li-ions.
enerdel batteries
It is laudable that some people are willing to pay a large premium for environmental reasons. But that won't drive a large market and thereby substantially affect the environment since most people are not wealthy enough to ignore the economics of such a substantial purchase as an automobile.
With the dollar falling off the scale and the economy faltering I think the environmental buyer will also think twice before spending the extra money, just to do his part.
The dollar's fall is one of the big factors currently pushing up the price of oil. If this continues it will make alternatives to burning gas more attractive to the group that is purely driven by the "break even" mentality.
http://www.phoenixmotorcars.com/index.html
You are not being cynical and its not going to happen. People tend to spend in such a way as to maximize their utility for the least amount of money.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Really?? Then why do people buy Miatas, S2000's, etc.? Don't tell me there aren't less expensive vehicles that provide greater utility. The fact is that the decision to purchase a vehicle has a huge individual, emotional, non-practical, component.
EV's will definitely be a niche vehicle at first. Maybe they'll initially sell 50k units anually, which is a fraction of a percent of total car sales. Nevertheless, there are plenty of models out there that sell less than 50k per year but appear to be financially viable to market and produce. If you don't like EVs then don't buy one. I don't see the fascination with convertibles or huge SUVS yet I'd never say that they shouldn't be produced because obviously there are people with different tastes than me.
So we are not talking about what you can do with the vehicle but how much you enjoy said vehicle. So people will only flock to EV's when their utility (or their personal satisfaction) per dollar is maximized by that EV.
Take your Miatas for example. Many people get their utility from them by taking long drives in them. This is something that cannot be done in an EV, so an EV has much less utility to these people. Hence the EV would have much less value to these same people.
Since EV's cost more there must be more utility in these cars for them to be accepted. To some that utility is there in the fact that it is supposively more economically friendly or that you are freed from using gas. But that will not be the case with everyone.
The fact is that the decision to purchase a vehicle has a huge individual, emotional, non-practical, component.
And that is where utility comes into play, utility is often influenced by emotion and varies by individual.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Assuming that the 1yr life would correspond to daily use at maximum range, and that the batteries are optima yellow tops (the only AGM battery in that size that I know of), gas for a 25mpg car must reach $5.62/g in order to break even on battery replacement cost ALONE!
No matter, the price will surely plummet next year when the market is flooded with 200+ mile range EVs, but of course then we'll all be riding flying pigs.
This one looks as promising as any I have seen. Maybe they can keep the price under $30K and actually sell some of them.
Mitsubishi plans on producing an EV starting in 2009, the i-MIEV. We'll see. 2009 isn't that far off so if they are publicizing this date they must be well along in development.
My research says that the average commute is much longer than the 12 miles, Meyers is claiming.
http://www.myersmotors.com/index.html
PS
I would buy the Smart ForTwo diesel sold in Canada long before I would consider the NMG from Meyers.
http://zapworld.com/electric-vehicles/electric-cars/xebra-sedan
One person may get as much pleasure from never visiting a gas station as the next might get from a long drive in a Miata. Why in the world are we in oregon running out of alt energy to meet the demands of those who want to pay the premium price for renewable? But for now, the EV's available aren't going to cut mass market. GM's Volt which is probably 80%+ EV for most..will...if they can swing it.
Spending a few minutes at a gas station to be able to drive more than 100 miles every 5 hours or being limited to a 50 mile radius?
To me being limited to a 50 mile radius is far more inconvenient to me.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
and to quote your other words...
"varies by individual."
For some it might be fine for a second car and other postivie utils would outweigh the range limitation. I've already said that I don't think Ev's are ready for the mass masses yet, but with some reduction in battery price and they do become more desirable to more people. Add in some on the road quick charging stations and still more come on board. PHEVs will be the short term direction if they pan out. They will be just as convenient as an ICE. Just one gas shock in price and/or supply and the value of the stable supply of electricity (cost and availability), becomes more of a factor...and even your utils may vary.