The dream of an electric car that’s both affordable and practical has eluded automakers, and will likely do so for another decade.
The problem is a lack of cheap, powerful battery technology that keeps ranges limited, charge times long, and prices high.
A much better battery is the “holy grail,” says Jack Nerad, executive editorial director and market analyst at Kelley Blue Book. While lots of parties are working on it, “nobody’s got [...]
by Jerry Edgerton
This post originally appeared on CBS MoneyWatch.
With gas prices 40 cents a gallon higher than at this time last year and possibly headed for record highs, car shoppers will be focused on gas mileage.
That MPG rating is an important — but not the only — cost factor to consider.
Kelley Blue Book has run the numbers over a projected five-year period and picked total-cost winners among 2012 models.
The formula includes purchase price; depreciation; insurance [...]