E-cars are not sustainable unless shared

The high fixed costs of cars create a financial disincentive to use other modes of transport. The fixed costs of electric cars are higher than fossil fuel cars, which means they undermine public transport more.  

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Sharing access to a car on a pay-as-you-go basis overcomes this problem.

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The following figures describe the shared lease of an electric car.

Number of months agreement:

E-car purchase price:

Depreciation @ 20%:

Other costs:

Total 12 months costs:

Av. cost to each of 3 drivers:

Per driver, per month:

12 months

£20,000

£4000

£500

£4500

£1500

£125

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The table below summarises shared costs over 12 months, although any shortfall would normally be settled each month.