Study Skills A4
2 Nov. 2013
Electric Cars: Worth the Premium?
Electric cars are becoming more popular as automakers are selling them at a price that people can afford. The production of these cars is growing due to people demanding an alternate energy source to lessen the effects of car pollution on the environment. As a result, carmakers are ...view middle of the document...
This shows that while more expensive at first, electric vehicles will save people money, and the environment, in the long run.
Electric cars are more expensive at first, but costs less over time. First of all, the cost to power an electric car is much less than the cost to power a gas car . The national average price for a gallon of gasoline is around $3.65, while the average price for an eGallon is $1.14. This means that it is three times less expensive to drive an EV (Loiseau). Secondly, electric cars have lower maintenance costs. According to some estimates, maintaining an electric car cost about a third of an gas car. The reason for this is that an electric engine, which has around a dozen moving parts, is less complicated and has less moving parts than a combustion engine, which has several hundred moving parts. Finally, EVs are much more efficient than gas cars. An electric vehicle converts around 59% to 62% of the electrical energy from the grid, while gas cars only convert 17% to 21% of the stored energy in gasoline. (Lampton, “Will Electric