FOXNews.com: Iowa city spends $16G on electric car charging stations, only sees $13 return

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

The Best Way to Manage your Money. Start using Mint today to set a budget, track your goals and do more with your money. From our sponsors

Iowa city spends $16G on electric car charging stations, only sees $13 return Aug 27th 2013, 20:43 The city of Des Moines, Iowa has only seen a $13 return on its investment so far after spending $16,000 last year on three electric car charging stations. The ChargePoint units, installed in front of the Franklin Avenue Public Library and funded by a mix of city, state and library money, have been used just 13 times since last spring, the Des Moines Register reports. Each use generates one dollar of revenue. Des Moines Public Library Director Greg Heid believes the low return isn't an issue yet. "I think this will be taking off as electric cars catch on and as people see this as an alternative," he told the newspaper. Iowa has 40 electric vehicle charging sites state-wide, and there are 6,416 across the U.S., the Department of Energy says. Click for more from the Des Moines Register.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions