My opinion is that this country is not ready for a large input of electric vehicles and most likely won't be a at least ten years if not more.
At first all we heard how economical they would be and less repairs and less costly to repair. In the past few months most media has been the negative. The recent article I read was saying that they now believe that the annual cost comparison shows that the electric vehicles will cost more to maintain without even considering the purchase price. Toyotas CEO said the country can not manage a one option for vehicles. There has to be at least two options.
There are a few companies who are planning a couple already producing small much smaller vehicles that may be for customers looking for economy only, but I think that will be a very small percentage of Americans, and who knows how long these vehicles will last and what their reliability will be.
I believe there are only nine percent of electric vehicles and owners are waiting up to an hour for a charge. Electric suppliers are asking customers to use less electricity during peak hours, paying customers for using less. What happens to the supply when the demand is huge because of more electric vehicles. WHAT HAPPENS TO THE COST OF ELECTRIICITY ? What happens to the cost of home charging units as the demand increases? Most likely the average customer can not afford an electric vehicle, and than have to pay for a charging station.
Than let's talk financing the vehicle that the average customer will have to buy even though they can not afford it. Right now most car buyers who have to finance their new or used car purchase is financing an average of $25,000 to $35,000 for 84 months seven year loan. Will the banks offer a 120 months ten year loan? If they do will they be able to afford tires at 25,000 miles, less than a year and a half after their huge monthly payment which they most likely are barely able to afford. Is the Government trying to bankrupt the average people of this country of ours?
Lots to think about ! Does the average car buyer know that the states that have an excise tax the people using the ORIGINAL STICKER PRICE OF THE VEHICLE. In my state the excise tax value will never go below10% of the original price of the vehicle and multiply it by $25 per thousand. Let me explain. If you buy a vehicle in MA. that retails for $30,000 and keep it for 10 to 12 years your excise tax will still be $75 yearly and will never go below that amount even if the car is only worth $1000, which could be the case since we have no way of knowing the value of an electric car in 10 to 12 years.
I hope this wasn't too boring but it was just FOOD FOR THOUGHT>
Have a great evening.
Harry
www.motor1.com
