By on March 19, 2013

Until the modern day revival of electric vehicles like the Teslas, Nissan’s Leaf or the Chevy Volt, the best selling electric car ever was the Detroit Electric, produced by the Anderson Carriage company from 1907 to 1939. They sold thousands of them (1914 was the high water mark with ~4,500 produced). Among the people who drove Detroit Electrics were electricity pioneers Thomas Edison and Charles Steinmetz and the wives of automotive industrialists  Henry Ford and Henry Joy (he ran Packard). Interestingly, John D. Rockefeller, who made his enormous fortune from petroleum products like gasoline, owned a pair of Detroit Electric Model 46 Roadsters. Now, not only has the electric car industry been revived, but also the Detroit Electric company, which says it will start producing battery electric sports cars in a Michigan facility by the end of this summer. Following Tesla’s example, their first car will be based on a Lotus, in this case an Exige coupe, and the company promises two other “high performance” models in 2014. (Read More…)

By on April 3, 2010

On April 1, new federal fuel economy CAFE standards went into effect. By 2016, new cars should get 35 mpg or thereabouts. The true number remains an exercise in abstract algebra. Says Consumer Reports: “The new standards require different fuel economy averages for each manufacturer and for each type of vehicle (such as small, midsized, and large sedans or SUVs).” There are plenty of loopholes and offsets. Extra credit for cars that take E85 Ethanol, for instance. And here is another huge loophole: (Read More…)

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    Kenmore - “I’m not C.E. Middlebrooks of Turbonique” Me so heartbroke.
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    BigWill - “… but world markets will get an extra option.” Unless I’m suffering a reading comprehension fail, this...
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    u mad scientist - > Leasing does not avoid depreciation. Quite the opposite – it guarantees the lessee pays the bulk of the new vehicle’s depreciation. Typically 40-50%...
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    BigWill - “Mechanical parts can be banged together by hand if necessary, or retrieved from a junkyard, or perhaps worked around. I wouldn’t assume that it will be so...
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    ReSa - My statement was ‘to increase spendable income’, merely with a tongue in cheek remark about increasing minimum wage ;) However, the documentary...
  • Re: QOTD: The Economics Of Ownership

    u mad scientist - > Mechanical parts can be banged together by hand if necessary, or retrieved from a junkyard, or perhaps worked around. I wouldn’t assume that it will...
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