'Ten Reasons To Buy An EV When Gas Is $2 A Gallon'

http://bakersfieldnow.com/news/auto-matters/why-electric-cars-make-sense-even-when-gas-is-2-a-gallon
Why electric cars make sense even when gas is $2 a gallon
December 16th 2015  Stephen Edelstein/Green Car Reports  ht2 Ryan Cody

[image  / Jill Ciminillo
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(leaf @L2 EVSE)  Nissan Leaf at a fast-charge station


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Electric cars are still a bargain, even when gas prices are low
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Whenever gas prices fall, there's always much speculation about how they
will impact electric-car sales.

That's because, for some consumers, one of the primary selling points of an
electric car is the money saved by avoiding gas stations.

But when gas gets cheap, that becomes a less compelling reason for certain
buyers.

Yet there are still good reasons to buy an electric car, even when gas is $2
a gallon, as detailed in a recent Forbes report.

You can read all 10 of them at the link; they focus on why an electric car
still makes financial sense.

One is that the average cost of grid electricity is still lower than the
cost of a gallon of gasoline.

At current gas prices, it costs about $1,000 a year to run a gasoline Ford
Focus (assuming 15,000 miles per year), compared to $600 for the Focus
Electric, according to the EPA's fueleconomy.gov website.

Electricity rates in certain regions can skew those figures somewhat, but
the lower off-peak rates offered by some utilities can also tilt the
equation in an electric-car owner's favor.

It's also possible for owners to generate their own electricity with home
solar installations, although these can be costly.

And of course when gas prices get low, they rarely stay that way over the
long term. During the lifespan of a new car, prices can fluctuate
dramatically.

The U.S. Energy Information Administration already predicts that gas prices
will rise from the current national average of $2.02 per gallon to $2.36 per
gallon next year.

At that average, owners with vehicles getting 20 mpg will pay an extra $255
over 12 months, according to the EPA's fuel-cost calculator.

In the meantime, there's even a way for electric-car buyers to make low gas
prices work in their favor.

Low fuel prices have helped to depress the market for used electric cars,
and their prices. Buyers of new plug-in cars can still take advantage of
Federal, state and local incentives, too.

Then there are still the many reasons to buy an electric car that have
nothing at all to do with dollars and cents.

They produce no carbon emissions, and their near-silent operation and
instant torque delivery turn out to be alluring to drivers of all
backgrounds.

So whether gas is $2 or $4 a gallon, the article suggests, electric cars
always remain worth considering.
[© bakersfieldnow.com]



http://www.forbes.com/sites/jimgorzelany/2015/12/11/eight-reasons-to-buy-an-electric-car-when-gas-is-two-bucks-a-gallon/
Ten Reasons To Buy An Electric Car When Gas Is Two Bucks A Gallon
Dec 11, 2015




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