Convert to Plug-In or Buy Brand New?
Wired Magazine ran an interesting article this week about Intel CEO, Andy Grove, calling for 10 million plug-in convestion over 4 years. We are talking about your Ford F-150, your Toyota Tundra, your Chevy Silverado, your car or your truck. For between $10,000 and $15,000 (price currently unknown) you can slap a electric vehicle conversion kit and see an increase of 30-50% in your fuel economy. One company, EV Power Systems, is testing a kit that wouldn't change or modify the engine, emissions system or any other major piece of equipment under the hood. So, I guess my question is...
...would I rather pay upwards of $15,000 to convert my current vehicle or take that money and put it towards a new Prius or hybrid vehicle and choke down a new car monthly payment? Couple things, if the conversion kits become very popular and successful, the technology will get better and the price should come down a bit (supply and demand) and performance should increase. But it might be nice to get a brand new car where you know all the components are working together and have been tested properly. What's in it for Andy? Not sure, maybe Intel has created a new chip for the conversion kit and this is a home run for Andy. Like T. Boone Pickens, I think Andy is doing what he can to help the country get off our dependence on foreign oil.
++Intel CEO Calls for 10 Million Plug-In Conversions within Four Years [Wired Magazine]
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