Money Talks: Thinking Electric Car? 5 Things to Know
Mon, 28 Feb 2011 14:22:58 GMT —
Brett Circe, electric car owner, says, "When my wife and kids first got into this car, she said to them: you'll never forget the time you're driving in an electric car, this is a great moment."
Yes, they're cool, quiet and good for the environment, but here are five reasons you may not want to be a buyer just yet.
First reason you may want to wait? Availability. Steven Siegelaub had to use the internet to find this electric car and even then...it was quite a wait.
Steven Siegelaub, electric car owner, says, "It was love at first sight. I ordered it the next day and it took 2 and a half years to deliver since it was in prototype state."
His Tesla Roadster is an all electric car that runs on batteries only and will take him about 200 miles per charge. Forget how far you've gone, and you could be stranded.
Siegelaub says, "Now I've gotta knock on someone's door and beg them to plug into their outlet."
The new Chevy Volt is a plug-in hybrid. Meaning it operates on batteries but has an on-board generator that charges them. However, the engine needs expensive premium fuel.
Number three? The cost to charge an electric car. According to Plug In America, the average cost is between 2 and 4 bucks to charge a car per day.
However, a few select cities offer fast charge stations like this. Some are free, but others may not be.
Then there's service? Should something go wrong, don't expect to find a lot of mechanics who fix electric cars, just yet.
And last but definitely not least...Price. MSRP for the Tesla Roadster: over 100 grand. The Chevrolet Volt is about $40-thousand.
Brett says, "As with any new computer, phone, tablet that comes out, If you're the first one to buy it -- you're paying a premium and they're going to work out the bugs and the next version's going to be better."
Bottom line, there's no doubt there's a future in electric cars and the public gets a charge out of them. Should you buy, probably not. There's no reason to be the first person on your block to own one.
Want to see more pros and cons? They're right here at Money Talks news.com. I'm Jim Robinson.