The Pros and Cons of Electric Cars

Bank Rate's take on the supposed pros and cons of electric cars with the cons clearly weighted against the pros.

Published: 20-Jan-2011

A lot of recent car shows, including the recent Detroit auto show, have showcased automakers' push to bring practical, fully electric cars to market. With one new all-electric vehicle already for sale from Nissan and with others on the way from Ford, Volkswagen, Honda, Toyota, Mercedes and Fiat in 2011 and 2012, I thought it might be worth looking at some of the pros and cons of electric cars as they now exist.


Cheap fuel. Nissan estimates it will cost approximately $2.75 at average utility rates to charge its Leaf from empty to full. The Leaf has a range of around 100 miles, a distance that would cost about $10 to drive in a compact car getting 30 mpg (3.33 gallons x the average gas price of $3.089). That gap will become even wider if gas prices rise in the coming years.


TREV two-place electric car

Student-built vehicle can do 0-60 in 10 seconds with top speed of 75 mph. Photo courtesy of University of South Australia.

Arcimotor plans to sell the vehicle for under $20,000.

The all-electric prototype took two years and $100,000 to build and has range of 50 miles.

Front view of Arcimoto Pulse being developed outside Portland, Oregon.

Professional planner Larry Weymouth thinks our urban transportation system can be adapted to the realities of the new century.


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