TS August Announces Plan for Affordable PHEVs
The innovative leasing plan proposed by TSAugust eliminates the economic barrier otherwise imposed by the high first cost of Hybrid Plug-in Vehicles (PHEV's).
PHEV's have the potential to eliminate the use of foreign oil and significantly reduce greenhouse gasses.
Resolution of technology issues in the near future will leave economic viability the remaining hurdle for PHEV's to become readily available for widespread use.
The $10,000 cost of the PHEV battery, when added to the base price of the car, makes the first cost a huge hurdle for the average consumer.
TSAugust proposed that a leasing corporation be established as a public-private partnership to lease batteries at a monthly rate approximately equal to the monthly cost of gasoline saved by the PHEV.
For the average consumer the cost of leasing the battery would be offset by the savings from using less gasoline.
It is believed that PHEV's can achieve over 100 mpg of gasoline by using the battery to power the car for up to 60 miles each day, with the battery recharged nightly by plugging the car into a standard 120 volt outlet—every home becomes a battery recharging station.
The public-private partnership allows the government to provide for the huge investment in batteries, perhaps several billion dollars by 2025, while allowing a private company or consortium an opportunity to acquire the government's share after the company is established: In the interim, the government would be paid interest on the money it invests.
This proposal would allow PHEV's to become a major component in the nation's strategy for achieving independence from foreign oil.
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