Firstly they aren't paying fuel taxes so we can add on average about 50 cents right off the top.
Freddy wrote:One thing it doesn't take into account is battery replacement..... Hmmmm..... then again....it also doesn't take into account engine replacement!
They are much more expensive from the start even with the $7500 rebate, chances are when the batteries dies in these cars they can finally fulfill their real intention as door stoppers.
Nobody is going to want to invest thousands in a vehicle that has 100K+ on it. The resale value on these things is going to plummet for higher mileage.
Can't find it but they had real world comparison using two similar sized cars, one was gas and the other was electric. They weren't even considering things like subsidies and the fule tax subsidy and gasoline powered car still buried the electric car for long term costs, resale value etc.