How much money can you save with an electric car

Worlds First Full Scale Production Of An Electric Car


The future of electric cars is nearly here and at the average price of a combustion engine. Mitsubishi was the first company to launch a full scale production of an electric car. The electric-powered i-Miev is powered by a permanent-magnet synchronous motor which is rear mounted an dputs out up to 63 horsepower and 133 pound-feet of torque. Weighs 2,380 pounds — 397 pounds more than its gasoline-powered counterpart although you wouldn’t be able to tell the difference when driving it. The extra weight is not that noticeable until it is under heavy braking situations, but since it has a larger brake booster this helps to minimizes the effort required to break.

It can accel from a resting position to 60 mph in under 9.0 seconds on its way to a top speed of 82 mph. Of course, if you drive like this, the batteries will run out of charge within an hour. However you can flick it into Eco Mode and drop it from 63 hp down to 43hp to extend the distance in which you are able to drive.

This is the begining of our reducing our dependency on oil for basic transportation which in turn due to less emissions will do less damage overall in the long term to our atmosphere. This should have been done sooner however the technology just wasn’t there and even now may still be a little on the expensive side mainly due to the cost required to manufacture the battery itself. However, this has become much cheaper over the last 5 years or so, bringing down the over all cost considerably.

Mitsubishi announced that it would begin selling the i-Miev electric car in late July 2009, matching the timing of Subaru’s Stella electric car sales. But the i-Miev will initially only be available to corporations and government groups. Sales to private buyers will not commence until April 2010.

The Current Cost is around $45,000 roughly however by the public launch in April 2010 they intend to cut the price in half after a stockholder meeting. Keeping in mind that you are also able to get many different tax incentives which could substationally drop the overall cost of the car and the shear amount you’ll be saving on gasoline on a weekly basis will make it more than worth the cost of the car.

Think of the cost as a smart investment if you spend say only $50.00 per week in gasoline which in today’s society is fairly modest especially for low mpg vehicles like pickup trucks, Suv’s etc. would save you upwards of $2,600 dollars annually. Now consider the average lifespan of a new car is 10 years that would come to a total savings of $26,000 dollars over the course of that 10 years. To get a little more detailed below is a small list of savings based on your average miles per gallon.

This will dictate an average MPG for a pickup truck.

15 mpg @ 14,000 miles annual average= 934 Gallons of gasoline.

934 Gallons @ $3.00 Per Gallon = $2,802 dollars annually or $28,020 dollars over the course of the cars lifespan.

So you’d be looking at saving $28,020 dollars in gasoline

Now lets look on at an average midsized car’s gasoline

24 mpg @ 14,000 miles annual average= 584 Gallons of gasoline.

584 Gallons @ $3.00 Per Gallon = $1,782 dollars annually or $17,520 dollars over the course of the cars lifespan.

So you’d be looking at saving $17,520 dollars in gasoline