Electric car hubbub-What you need to know

While everyone seems to be lauding the advent of the electric car (the bid for the first Chevy Volt is reportedly up to $180,000), the cost of the electric car is being underrated. Before you start adding up the numbers at the tank, don’t forget about the cost of charging the battery of your electric car.

Electric car operating costs are translated into an mpg equivalent, or MPGe, using individual states’ electricity costs as calculated by the U.S. Department of Energy. Electric cars’ upstream carbon dioxide emissions are also calculated using DOE data on the electricity source for each state.

According to BeFrugal.com, Washington, Idaho, Kentucky, West Virginia and Arkansas are the states with the lowest electricity rates, making electric cars most economical on a cost-per-mile basis. Vermont, Idaho, Washington, Oregon and New Hampshire are the best states in terms of electric cars’ lowest upstream CO2 emissions per kilowatt-hour.

According to a recent survey by Kelley Blue Book, only 7 percent of shoppers said they are likely to buy or lease an electric vehicle for their next new vehicle purchase.

More than 80 percent of survey respondents said they were concerned about electric vehicles’ range on a single charge and the availability of charging stations.

Kelley Blue Book found that 91 percent of car shoppers think electric vehicles are expensive and 43 percent think electric vehicles won’t retain their value as well as regular gas vehicles.

One problem is being addressed. Cracker Barrel announced they will be on the forefront of building electric vehicle charging infrastructure across the country.

The plan is to install chargers at 24 of their Tennessee stores, including locations at Cookeville, Lebanon, Manchester, Murfreesboro, and in Nashville at Stewart’s Ferry Pike. A dozen of them will have the so-called fast chargers which provide an 80-percent charge in 30 minutes.

On the West Hargett Street sidewalk, next to parking spaces 101 and 102, are two reassuring signs that Raleigh will be ready for a new wave of mass-market cars that can run without a drop of petroleum.

Two electric-car charging stations were installed there last week, in front of the Raleigh Municipal Building. And, who pays for that charging station? Why, the tax payers, of course.

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on December 1, 2010, in Energy, Newspaper & Journal Articles, Poll and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: