Has Tesla made electric cars affordable? Not exactly

7 Июн 2014 | Author: | Комментарии к записи Has Tesla made electric cars affordable? Not exactly отключены
Tesla Motors Electric Cars

Has Tesla made electric affordable? Not exactly.

On Tuesday, Motors unveiled what it a revolutionary new finance product the company said, would people to get a mid-range Model S car for less than $500 per


So does that Tesla has found a way to make its electric cars affordable? not exactly. A closer look at the print suggests that Model S will more cost around $1,000 per not nearly as cheap.

Still, the financing scheme is and worth exploring.

Here’s how the arrangement would work: US and Wells Fargo have to provide financing for the purchase of a S. The 10 percent downpayment would be covered by federal and state tax which can range from to $15,000. The driver could essentially lease the car, an option of selling it back to after 36 months for cash or an trade-in at a fixed value.

The here is that people be able to lease the Tesla S while still taking of the federal tax credit to purchase cars. That could attractive to some drivers, that a mid-range Model S for around $72,400. And, Tesla $500 per month for an electric car so bad, as many families now pay per month for gasoline.

But that $500 per month is attracting some heavy

Tesla is estimating what it the true cost of ownership for an car. The actual monthly for a Model S will be around per month. But the company then that gasoline will be $5 per gallon and a typical gas-powered isn’t all that efficient. So saving money there.

Then the company assumes you can deduct the cost of your car for a Then the company estimates you’ll save valuable by driving in a carpool lane — an for many electric car drivers — and by not to refuel for gas.

So that brings us to an effective cost of, say, $446 per

But most of those assumptions are tentative. Many people, all, won’t be able to the cost of their car as a business Gasoline now averages around $4 per nationally, not $5.

And you can now buy many gasoline-powered that get closer to 30 miles per not 19 miles per gallon.

Once you tweak those and make them more the Model S costs upward of per month — or perhaps a bit less if in a state with even tax credits for electric vehicles, California or Colorado or Illinois. can play around with the here .)

Now, that’s not a on the broader idea. One way that cars could become popular is if novel financing become more commonplace. companies may decide to look closely at Tesla’s idea.

But it’s always worth the fine print.


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