India Could Make Affordable Electric Cars a Reality
The problem with the word affordable is that it means different things to different people. While some consider $20,000 to be “affordable”, other see $100,000 as chump change. Never the less, if electric cars are to make a dent in the automobile market, they need to be below the $20,000.
From the i MiEV to the Tesla Model S. Currently the most expensive electric car gives you the best performance, up to 160 miles starting at around $50,000 or so, climbing to 300 miles at under $70,000 with options up to $100,000. At the other end of the spectrum, the Mitsubishi i MiEV comes in at the most affordable price, shy of $30,000. Both these cars and others can have a further reduction of $7,500 in federal incentives, as well as other state and local incentives if applicable. Nonetheless, the cheapest Tesla Model S is over $40,000 and in some cases the Mitsubishi i MiEV close to $17,000.