Amary
Active member
The Congressional Budget Office just issued their new report:
Effects of Federal Tax Credits for the Purchase of Electric Vehicles
Effects of Federal Tax Credits for the Purchase of Electric Vehicles
And we pay those people? Unbelievable.TickTock said:Love the cover. Looks like he is running his dryer off his EV battery. :lol:
All-electric vehicles are closer to being cost competitive
with conventional vehicles than are
plug-in hybrids with the same size battery, but the
tax credits would still need to be about 50 percent
higher than they are now to fully offset the higher
lifetime costs of an all-electric vehicle. The key reason
is that the limits on how far all-electric vehicles can
travel before needing to be recharged reduce their savings
in fuel costs. Without those limits—that is, if
all-electric vehicles could be driven the same distance
as conventional or plug-in hybrid vehicles—the
$7,500 tax credit would generally be sufficient to
make them cost-competitive.
Wait, What? Can someone explain what the heck they're talking about here?Because all-electric vehicles have no secondary fuel source and
cannot travel long distances before being recharged, CBO assumes
that they will be driven roughly half as far each year as other
vehicles. If everything else is equal, that reduced driving range
increases the relative operating costs of all-electric vehicles,
because fewer miles traveled means smaller savings in fuel costs.
Enter your email address to join: