20 Apr '12, 8pm

Payback On Plug-Ins: Finance Commentator Misses The Point #share

Price reality : Tesla is retailing their battery packs at roughly $520 per kilowatthour right now, and still a buyer with a 300 mile battery pack faces not only an initial cost of roughly $40K for the batteries alone, but (if he had to replace the batteries today) another $40K for replacement. That battery pack will not last probably more than 9 years or so. As for "all those other reasons for buying electric" - apparently not many out there have such non-economic motivations, to judge by the pitifully tiny sales numbers for both the Leaf and the Volt. Peterson has a valid point : mass produced EVs are not going to happen until battery prices come WAY down. Or gasoline starts selling for $20 per gallon.

Full article: http://www.greencarreports.com/news/1075518_payback-on-pl...

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