3 Reasons Why You’re Not Buying an Electric Car DailyFinance

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3 Reasons Why You’re Not Buying an Car

Updated Feb 21st 2012

The electric car has arrived, but odds are there isn’t one in your

Several factors have in the way of the eco-friendly automotive revolution, but at now we can ask conspiracy theorists — the arguing that oil companies and the are blocking plug-in electric from the road — to the room and take their hats with them.

The car is here. Drivers simply other plans.

What’s with electric cars?

Motors (TSLA ) reported of $39 million in its latest quarter, 9% of where it was last year. It may be an figure from the California-based of electric cars, but we’re talking about the sale of 150 of original Roadsters.

Tesla has sold 2,150 since launching the model years ago. The six-figure tag has been a stumbling block, But Tesla has moved on: The remaining will be sold outside of the States as the company gears up for the rollout of the more affordable S sedan.

Tesla also has in place with Toyota (TM ) and

The 2006 documentary Who Killed the Car? explored the short-lived General Motors’ (GM ) fuel-efficient that hit the market in the 1990s. Was it (CVX ) purchase of patents for NiMH batteries in electric that forced the industry more expensive lithium-ion cells? Did oil-producing countries in the East have some sway over the EV1’s

Again, the cars are here Why aren’t they driving off the

There are at least three reasons for the slow-moving sales of vehicles.

1. Electric cars are too

When Tesla introduced its model earlier this the Model X turned heads. the comfortable seating for seven in this crossover SUV and the rear doors that open up falcon wings, Model X was the most searched query on the day after Tesla unveiled the new to reporters.

A few days later, revealed that it received a $40 million in reservations for the new car, won’t even hit streets early 2014. Interested can pay a fully refundable $5,000 to the car. It may be impressive to see $40 million in sales potentially reserved in a day but, here again, really only talking a little more than 500

The accessible Model S and Model X start at a lofty $50,000 and the entry-level models won’t get you far. The $50,000 Model S on a 40 kWh battery that needs to be every 160 miles. Drivers to nearly double that to 300 miles will need to pay more for a larger battery.

Tesla is a premium brand. not supposed to be as cheap as traditional However, even the few electric on the market aren’t exactly

Nissan’s Leaf starts at Even with the maximum tax of $7,500 backed out, still looking at a very car by Nissan’s standards.

Ford’s (F ) is coming out as an electric car this with a starting MSRP of That is more than the starting price of the regular Focus.

Even the Chevy — the plug-in hybrid can fall back to gas between — is priced too high MSRP) relative to the rest of fleet of cars and trucks.

2. Range anxiety is real

GM took out full-page ads last to let consumers know that its Volt had remedied the embarrassing of engine fires after crashes, the carmaker took a at pure plug-in electric

The ad plays up the range anxiety plagues drivers of electric They can’t take road trips or run out on unforeseen because of a fear that run out of juice with no charging nearby.

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It’s a legitimate

There’s a finite range electric cars can travel on a and there will always be degree of uncertainty about the of a charging station on the other

More and more places are to set up charging stations. Restaurants, and (ironically) gas stations are coming This will take time, though.

3. Fear of service

If a traditional car down, you see a mechanic. Where do you your electric car when it want to play along?

has just 20 stores and galleries. It to open another eight to 10 — and 10-15 service — but the chances of having a service center nearby you need it are slim. Thankfully, the Tesla Ranger program provides house calls.

not cheap, but it is a solution.

Moving on

The will get kinder for electric

A prolonged spike in oil prices may consumers scrambling toward Wider adoption rates result in lower battery and car down the line.

We’re not there yet.

Longtime Fool contributor Rick does not own shares in any of the stocks in article, except for Ford. The Fool owns shares of Motor. Motley Fool services have recommended shares of General Motors, Tesla Motors, and Ford Motley Fool newsletter have recommended creating a long position in Ford .

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