What’s the True Cost of an Electric Car? | Sustainable Business Forum
So what’s the true cost of an electric car? Hard to say. Sticker prices are high–Chevrolet’s Volt has an MSRP of $40,280, while the Nissan Leaf is priced at $32,780–but buyers get a $7,500 tax credit that reduces the cost. The government even gives tax credits to buyers of the $109,000 Tesla Roadster.
The tax credits are merely the most visible form of federal support. Energy Secretary Steven Chu, who spoke at today’s event, said the government has invested $5 billion so far to electrify the nation’s transportation system.
...Ecotality, for example, which makes the Blink charging stations, is leading a $230 million initiative, half of which is funded by DOE, that plans to install more than 15,000 EV charging stations in the coming months. [How many charging stations will there be for every electric vehicle?]
I asked Secretary Chu and Ed Markey when they thought electric cars would be able to compete without subsidies.
“Hopefully, by the end of this decade, we’re going to be at parity,” Chu said.
Very roughly, because the numbers are trade secrets, electric-car batteries cost up to $1,000 per kilowatt. The Leaf has a 24 kwh battery, the Volt a 16kwh battery...
“You can’t pick the exact year” when subsidies will not longer be necessary,” Markey said, “but Saudi Arabia helped us this past weekend by saying they’re going to keep the price of oil high.”