May 02
The real cost of plug-ins and hybrids
Eric Peters has an excellent article here. on the true cost of touted plug-in electric cars.
“Will plug-in hybrids save us from $4 per gallon fill-ups — or at least, ease the pain a little?
“The hype about these vehicles — which differ from the current crop of gas-electric hybrids in that they can run on pure battery power for longer and, when their batteries run down, can draw power from a household outlet instead of an internal combustion engine — is that they have the potential to lower fuel consumption by as much as 20-40 percent over what the best conventional hybrid cars (like the Toyota Prius) can deliver.
“But, there’s a catch. Several, actually.”
Even if you’re not paying for gasoline, you have to pay for the electric bill.
Read the whole article here: American Spectator