Eco Icon No.15

Tesla Model S new generation electric car

Think electric car…think small & slow…..however that was before Elon Musk CEO of Tesla developed the Tesla Model S electric sports car. With its aerodynamic lines, remeniscent of  Porsche with a hint of Aston Martin thrown in….the new Tesla all electric model S has set the standard for the new generation electric car. An eco icon in the making….

After wowing the auto press with the sleek design of Tesla Motors’ all-electric Model S, company CEO Elon Musk is now making an economic argument to consumers–and, perhaps, the U.S. government–for buying the luxury sedan.

“The ownership cost of Model S, if you were to lease and then account for the much lower cost of electricity versus gasoline at a likely future cost of $4 per gallon, is similar to a gasoline car with a sticker price of about $35,000,” he wrote.

The new sedan will be priced at $56,400 but it qualifies for a $7,500 federal tax credit.

Because they have fewer moving parts and don’t require oil changes, electric vehicles

should also have lower maintenance costs. “Model S costs roughly $5 to drive 230 miles–

a bargain, even if gasoline were $1 per gallon,” Musk wrote.

Cost is often cited as one of the biggest barriers to electric vehicles, particularly the batteries however Musk has addressed that

Musk said the Model S will have three battery options providing a range of either 160, 230, or 300 miles per charge, but it did not disclose the prices. He said the “floor-mounted” battery pack is designed so that it can be changed in battery-swapping stations.

“Tesla is relentlessly driving down the cost of electric-vehicle technology, and this is just the first of many mainstream cars we’re developing ,” Musk wrote.

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