POWER LINE: ….The company calculates the cost of ownership, in view of the fact that electrical charges are significantly cheaper than gasoline, here. They do take into account the availability of federal and state subsidies, which I would like to see repealed, but you can’t blame them for that. The company’s goal is to compete for business straight up, on a level playing field. Its vehicles should make that possible. Motor Trend named the Model S Car of the Year for 2013, and gushed over its performance and value:
The 2013 Motor Trend Car of the Year is one of the quickest American four-doors ever built. It drives like a sports car, eager and agile and instantly responsive. But it’s also as smoothly effortless as a Rolls-Royce, can carry almost as much stuff as a Chevy Equinox, and is more efficient than a Toyota Prius. … By any measure, the Tesla Model S is a truly remarkable automobile, perhaps the most accomplished all-new luxury car since the original Lexus LS 400.
The Model S starts at $58,570 and costs a mere 6 cents per mile to run–and that’s at California electricity prices… (more)
This is as close to capitalism as I have seen when green energy is involved.
Wow! 6 cents a mile to operate.