Electric Vehicle Drivers Save Big

As suggested in this article comparing the total cost of ownership of a Nissan LEAF and a Nissan Juke, electric vehicle owners save a considerable amount over the life of their cars, due primarily to the significant savings in fuel costs. The real issue with EV adoption, however, is range, i.e., the inconvenience associated with not being able to take long trips. That means that, for now, the vast majority of EV purchases will be made by households with two or more cars, where one car is used for commuting less than 50 miles each way.

So, to how many American households does that apply? About 25 million. That’s a lot of low-hanging fruit.