Your Economy (No Politics)

[dickmilde]

The EV ARC looks like a fun gadget to show off to your neighbors. There is one problem... The cost is $40,000 each ! With the typical cost of electricity at 12 cents per kilowatt you can buy 333,333 Kw for $40,000. You can charge a Tesla about 4,200 times. A Tesla gets around 250 miles per charge so for that $40,000 you can drive almost 1 million miles. The average car is driven about 12,000 miles per year so the $40,000 needs to go for about 83 years to break even. It pays you to own it after that.

I did a google on the EV ARC and see that New York and San Francisco are are buying some of these. But that doesn't have to make any economic sense for the investment since they are use other peoples money.

BTW... Did you notice that the cost of revenue for EVSI is HIGHER than the revenue ?

Anyway... My guess is that this idea is a bit further out in the future... I won't live long enough to profit from it.