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electric vehicle

08/30/17 Personal Finance , Work #

The Biggest Thing Holding Electric Vehicle Sales Back

The Biggest Thing Holding Electric Vehicle Sales Back

I bought a used electric vehicle (EV) three years ago. My Nissan Leaf has been a great car, and one of my top concerns when I first got it — range anxiety — hasn’t turned out to be so much of a problem.

Instead of worrying if I’ll have enough juice to get home, I’ve found that two other concerns have been more troublesome. One I don’t have much control over unless I buy a new car, and the other is a frustration that electric vehicle companies should deal with if they want to see more people buy their cars.

The first issue, which some car companies such as Ford and Tesla are dealing with well, is creating a better battery for electric vehicles that gets longer range. When I bought my 2011 Leaf in 2014, it had a range of about 80 miles on a full charge. That’s now down to 60 miles, according to the car charger, though in reality it’s closer to 40 miles.

EV batteries lose charging abilities just as phones and other electronics do. They can only be charged so many times, and eventually they’ll die.

Forty to 60 miles per charge is fine for me because I use my car for local-only trips: Picking up my daughter at school, going to the grocery store, and other errands. For trips outside of our immediate area, we use my wife’s internal combustion engine car.

But someday the Leaf’s battery will get so low that I’ll either have to charge it at least once a day, or buy a new battery or car. A new battery costs about $8,000. For now, I charge the car about twice a week.

The bigger issue

Losing range and being unsure if your electric vehicle will have enough power to get you to a charging station or home to charge are big enough problems that can stop potential EV buyers.

The bigger problem is a lack of charging stations. And I don’t mean charging stations along roads — though those are welcomed — but charging stations at everyday places people drive to: Continue reading

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Hi, I'm Aaron Crowe. Welcome to CashSmarter. I'm a personal finance freelance writer who enjoys spending my money wisely and using minimalism to make my money last longer while increasing income.