dickfoster
Elite Member
I did simple estimation of the break even point. If I buy Cruze for 18000 or Bolt for 30000. Assuming 1200 miles /month. Depending on cost of gas it will take anywhere between 10 years at 2.50/gal to 5 years at 5 gal. But if I decide to buy gasoline car I would most likely spend about 25000. And that lovers the break even point to about 2.5 years at 2.5/gal. I know 25000 buys better car but that make only little difference to me. Any new car will be step up from what I drive now.
I would predict that that electric cars will gain popularity in near future.
1.) They are fun to drive.
2.) They are quiet.
3.) They cost about 3 to 4 times less to operate.
It is true there is still oil in ground but there is no cheap oil in ground.
I am currently working at oil production facility. The wells are about 20 years in operation and are significantly depleted. What comes from ground is 80% water and 20% oil. The water was pumped under ground to increase pressure of oil to push it to the surface. So it cost more to process the oil (separate water and gas) and in the same time there is less coming out. In other words large investment had to be made (hundreds of million of dollars) to add pumps and compressors to get less oil than when the oil wells were new. I do lot of work for oil and gas all over the world and I see the same story everywhere.
One wrinkle in your plan is the elimination of idiotic gubberment subsidies. Not exactly a remote prospect given the last election.
Bear in mind that with the present state of the grid, we can't even satisfy 100% of the demand on a hot day. What happens if all of a sudden everyone is plugging a car into the grid? Is the tooth fairy gonna come to the rescue?