The Smart car has caught my attention. They offer a 3 year lease for their basic model for about $100 per month. This is a gas powered vehicle and the monthly cost for the vehicle plus fuel would be less than I pay for fuel for my MBs. I could live with something like this for use around town.

Smart also offers an electric car, that has a 10 year long replacement warranty for the battery. This would cost about $200 per month on a 3 year lease. But I don’t know how to calculate the fuel cost, or the fuel efficiency. How does one get realistic cost per mile estimate for electric cars?

Next it’s time for the crystal ball. As more people switch to electric, is there a guaranteed increase in electricity coupled to the use of electric vehicles which would defeat any potential savings?