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Date Posted: 15:28:21 02/24/10 Wed
Author: Larry
Subject: "Forbes: Nissan Leaf likely to be a flop"



Forbes Magazine claims the Nissan Leaf is going to be a flop. I don't think so. I think it's going to be a surprise hit. What do you think?

"Why Nissan's Electric Car Will Flop"

http://www.forbes.com/2010/02/19/flint-nissan-leaf-business-autos-electric.html?partner=contextstory


These are the reasons they say it will flop:


" Now let's see what the problems are:

--Range. It promises 100 miles, but expect that to be reduced by cold weather.

--Recharging. Nissan is working with communities and power companies to set up charging stations. There may be thousands--there's taxpayer money here after all, $100 million or more. Most of the recharging stations will probably be on the West Coast. But the lack of them is clearly a problem. (To be fair, there probably weren't any gasoline stations when Henry Ford rolled out his first Model T.) E-cars can be recharged at home, of course, and most Americans have a house and a driveway.

Recharging time. It will take eight hours or so for a full charge from ordinary household current, much less with stepped-up voltage at charging posts that don't exist. We don't know whether consumers will accept this length of time.

Price. It's not announced, but Nissan says it will approximate similar cars such as the Honda Civic. A loaded Civic may run as much as $27,000, but most sell for much less. I suspect the Leaf will be priced higher than Nissan hints. The batteries alone may be $15,000-plus; I'm guessing the price will be closer to $40,000 with the batteries. Nissan figures on a $7,500 income tax deduction, plus the money saved by fueling with electricity, to be able to say the cost is less than $30,000.

But Federal tax credits come and go, and so do state tax incentives. Should e-cars ever become big sellers, the tax incentives will undoubtedly turn into taxes. That's because gasoline taxes go toward building and repairing roads, among other things."

More here--> http://www.forbes.com/2010/02/19/flint-nissan-leaf-business-autos-electric.html?partner=contextstory

I say this guy is a dinosaur living in the 1950s. I think he is of the opinion that gas is still 50 cents a gallon. And I bet he thinks that Global Warming is some sort of hoax and that the world is flat.

What do you think?

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