The Great Green Debate
Jun 6th, 2008 | By Charles Delvalle | Category: Oil Investment & Alternative EnergyThe last e-mail I’ll cover today is from Werner V. who asked…
Green cars are all nice and dandy – how long does the battery last, how many drawdowns can it take, how much does it cost to replace and how do they recycle it? All questions that should also be answered for the readers please to have a complete picture on going green.
Your timing couldn’t have been more perfect Werner. Just in from www.autobloggreen.com…
“Honda, for example, will be lowering the cost for its hybrid batteries on June 1 from $3,400 to $1,968 for the Insight. The Accord hybrid could still be as much as $2,440. Similarly, Toyota’s Prius battery is down to $3,000 from $5,500.
The good news, though, is that the chances of needing to replace the battery in your hybrid are low, even after the warranty coverage is up. Honda says that less than 200 of its hybrid batteries have failed post-warranty, despite over 100,000 vehicles on the road. How about Toyota? Its post-warranty battery replacement rate sits at just 0.003 percent.
Modern hybrid vehicles are designed to minimize the strain on their high-power batteries. Battery management systems have been programmed to only allow a certain amount of the battery’s available charge to dissipate, which greatly extends the life of the unit. So, when considering a hybrid vehicle, perhaps the battery shouldn’t be too much of a deterrent.”
So as you can see, the cost to replace the batteries on an electric car is barely a concern. And with more production hitting in the next two to three years, the price should drop significantly.
In the end, there is much debate to going green. Most people have to look past all the hype to find the true gems. And that’s exactly what I plan on doing over the next few weeks.
Expect to see more articles talking about advances in cellulosic ethanol, solar power, wind generation, and more. I’ll even highlight a few companies with promising technology and let you know exactly how to analyze them.
This should help you when you decide to analyze smaller companies on your own. It also keeps you from getting caught up in what I call ‘penny stock hype’. Penny stock hype is nothing more than a new penny stock forming with an amazingly compelling story. In fact, most sound too good to be true. And that’s because they are.
Until next time,
Charles
P.S. To let me know what you thought of today’s article, send an e-mail to: feedback@investorsdailyedge.com.Source: The Great Green Debate
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Charles Delvalle is a self-taught market-timing professional and value analyst who's followed and invested in the market for the past ten years. He uses a unique combination of technical and fundamental research to pinpoint rapid profit opportunities with stocks and options.
Charles is also a staunch contrarian and takes pride in finding undervalued sectors and discovering undervalued, cash-rich companies. He frequently mocks government stupidities and points out the "inaccuracies (or lies, take your pick) that government reporting frequently dispels as "truth".
