Wednesday, June 18, 2008

From Gas to Electric

How would you like to drive an all-electric Mini? An EV Smart Car? A PT Cruiser? With the help of Hybrid Technologies, you can. They’ve taken many familiar vehicles, ripped out their engines, and replaced them with lithium batteries and electric motors.

On the surface it makes great sense and it seems there would be a huge demand for this sort of thing. Electric cars are nearly maintenance free. They don’t need oil changes and they have 10% as many parts as a gas cars. Plus, these EVs look like the normal cars that are already popular with many folks.

Cool. How much will it cost? Glad you asked. How about a slick $40,000 for an all electric Toyota Yaris hatchback? Or $60,000 for the Mini? Come on now, I know you wanted that Beemer, but let’s be realistic, the price of gas is only rising and you never liked going to get oil changes anyways.

Given the savings on fuel and maintenance, the company states that they believe their prices are “competitive” with other vehicles when looked at over a 7 to 10 year time frame. Although this is probably true, I see some issues with their business model.

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