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Are Tesla EVs Gentrification?

10/8/2021

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When we think about EVs, we often think about Teslas. We all know that Teslas are extremely expensive, and, therefore, available only to the wealthy. 

But, Towns around the country are finding that Teslas for police use out perform gas-powered cars, and out-perform them from a financial perspective, freeing up much-needed funds for other purposes. 

The results in California will likely be different than that in other locations, due to the costs of electricity here, relative to the costs of electricity in other places. Of course, we also pay more for gasoline, so the California towns that have tried them, have found them to yield considerable savings from the perspective of needed fuel. 

And, it is well-known that today's EVs outperform their gas-powered competitors in terms of reliability. The EVs don't need as much service, and, when they do, they take less time to service, meaning they are more available than gas-powered cars. 

And, they last longer. So, in terms of cost per year, they are lower than the cost per year of competing gas-powered cars. 

Bargersville, Indiana, with a population of less than 8.000 (similar to that of Fairfax), has started investing in Tesla's - because they save money by doing so. 

In Westport, Connecticut, the PD found that they paid for the additional first cost of a Tesla within a year. 

In Broken Arrow, Oklahoma, their Tesla will pay for itself within four years. 

If you or I were able to buy a Tesla, it might be Gentrification. When a Town invests in one, it's wisdom. 
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