I could make do fine with an EV for my driving needs but they cost more up front and wouldn't save enough, due to limited driving, to repay during the lifetime of ownership. I've had my car 226 days and have 2043 miles, 9 miles per day. It will go up just a bit depending on how many times I have to drive to jury duty in February.
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May not be as big of an issue now, but people were buying PHEVs in California, with no intention of charging, for HOV lane access. PHEVs can be part of the solution, but incentives need to be carefully crafted to avoid the not being being charged pitfall. |
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The depreciation issue for EVs is mostly temporary.
Since the Volt and Leaf came out, that has been a steady improvement in cost and performance; faster than predicted. So new EVs have better ranges and charging speeds than those just a few years older. The progress isn't indefinite, and it already appears to be leveling out. Then incentives on new will depress prices on old. Some states had combined incentives of $10k or more. It is more profitable to ship used EVs to states with less generous ones to sell. |
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