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A new article on msnbc.com covers the costs of the plug-in electric vehicles. Referring to a new report from the National Research Council, the article suggests a long wait (2028) before plug-ins become financially advantageous. The article cites the familiar argument that batteries remain to costly, creating a hefty premium for the cars. What is not completely clear is how quickly that technology will advance. Also, as former ExxonMobil executive, James Katzer notes, subsidies in place dramatically reduce these premiums.
The piece closes by stating the importance of a educated decision making, linking to PGR’s Total Cost of Ownership Calculator.