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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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Latest Silicon Valley status symbol: The plug-in hybrid
Somekh, the former president of equipment maker Novellus and an alum of Applied Materials, has started OurPower.org as a way to promote plug-in hybrid conversions. Converting a regular Prius to a plug-in isn't cheap. The price runs about $10,000. Even if gas rises to $4 a gallon, it would still take nearly 100,000 miles of driving before you broke even. (OurPower.org is working with A123 Systems, the lithium-ion battery maker, to perform the conversions.)
No mention of the price of electricity when calculating the pay off date (independence day).