Deutsche Bank analysts say electric cars viable

[Finishline42]

From AutoblogGreen who copied from Solveclimate.com

http://www.autobloggreen.com/2008/04/09/deutsche-bank-analysts-say-electric-cars-viable/#comments

IMO, once EV production reaches economy of scale, costs should be less than a car with internal combustion engine and there should less maintenance requirements.

"Deutsche Bank analysts took a serious look at the proposal of Project Better Place for electric cars in Israel and Denmark and came away impressed with its viability. The researchers returned to Germany believing that the Better Place idea would work not only in small countries with extremely high automobile taxes and gasoline prices, but also in the U.S.

As reported at Solveclimate.com, their conclusion states "From checking the Project Better Place business model, we are concluding that a pure electric car should not cost any more than a diesel- or a gasoline-powered car, and in most countries its operating costs should actually be lower."

(snip)

"The report not only adds financial establishment credibility to the idea, it contained some news. It suggests that five to ten additional countries will announce similar programs before the end of the year. Perhaps more significantly, it predicts two more manufacturers will announce their intention to produce electric cars to work with the Better Place model."

[diane in sf]

1. We need to start supporting EV research here--Detroit is in terrible shape.

[Finishline42]

2. No kidding...

I think an all electric car scares Detroit, not much need for that regular visit to the dealership.

[DCKit]

3. Is THAT why all the toy cars are electric?

I've always wondered why I could never find gas or diesel fueled toy cars for the nephews. Who'd a thunk?

:sarcasm: ('cause you never know)