Questioning Plug-in Car's ROI
Forget the fact that you’re an investor with a penchant for green opportunities, and instead consider yourself a hard-nosed businessman looking for the best return on your money. You run a spread sheet to determine the ROI of electric cars, based on current gas prices, and suddenly you’d be looking elsewhere for investments that would ensure your retirement.
I’ve been reading about a new crop of garages that convert hybrid cars such as the popular Toyota Prius into all-electric vehicles. Once you consider the economics of this folly, you see why electric cars are a fallacy for both the owner and investors looking for a toehold in this burgeoning market.
I read my first story a few months ago. It was about the Luscious Garage in San Francisco. Run by women, they carved out a juicy niche for themselves by yanking out the gas engine in hybrid cars and replacing it with another set of batteries. The job cost about $7,500.
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