We've already seen them
We've already seen them during Katrina. Adjusted for inflation during the peak of the 70s/80 fuel crisis, gas was like $2.90-3.03 adjusted for today's dollars, depending on the source cited, for 1980.
During hurricane Katrina, the average hit $3.06. According to gasbuddy.com, we're now $2.88/gallon.
We're very close.
Why wait for $5 to start an EV? Properly built with a sizable pack to keep discharge low, it will break even with its gas counterpart anywhere from $0.80-1.50/gallon including cost of battery replacement. Adjusted for inflation for 2006 dollars, gas has never been $.80, and very rarely below $1.50. However, keep the battery pack small to save on up front costs, and it might break even more closer to $2.50-3.50/gallon, in extreme cases, $5.00/gallon. Around $1.50-2.00/gallon generally is the normal break even point for those who use flooded batteries, but these examples made no special attention to efficiency or a properly sized battery pack. Making an EV that will save you money is a fine balancing act, but can pay great dividends if successful. Not to mention, a car built from the ground up as an EV would fare far better than a conversion. If commercial EVs would be sold, people would have vehicle operating costs literally 3 or 4 pennies per mile for combined fuel and 'maintenance'(lack thereof).
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