These Companies May Have the Answer to Gas Price Woeshttp://www.fool.com/investing/general/2011/08/04/these-companies-may-have-the-answer-to-gas-price-w.aspx Katie Spence
August 4, 2011
According to a recent poll, nearly 57% of Americas say they won't buy an all-electric car, no matter what the price of gas becomes. At first glance, this seems like it could be problematic for car dealers like Ford (NYSE: F ) , Tesla Motors (Nasdaq: TSLA ) , and General Motors (NYSE: GM ) , which have broken ground on engineering electric cars like the electric Focus and Volt. So is it true that the majority of Americans are not interested in electric cars?
The problem with electrics
Yes, most people's commute is less than Nissan (OTC: NSANY) Leaf's EPA-rated 73 miles on a charge, but if the car can only go that far, and electric charging stations are not exactly as plentiful as gas stations, of course people are going to be less than enthused to purchase electric cars.
Add to that the fact that electric cars are generally more expensive than traditional gas-fueled cars, and it's no wonder that Americans said they wouldn't be interested in buying electric.
So since Americans don't want electric cars, car dealers should abandon their quest to make them, right?