Study Ethanol from Switchgrass: $.55-$.62/gallon
The gasoline "denatures" (makes toxic) the ethanol. The Feds force this upon the manufacturers - otherwise, the ethanol would technically be drinkable (although it'd probably taste horrible). So, "E100" isn't 100% ethanol, and "E85" is actually only 81.5% ethanol. That's OK, since the gasoline is also needed for cold starts.
An engine can't start reliably using E85 below freezing temperatures (source, page 4). It needs a heat source. Given the range of climates most American cars are likely to see during the course of any given year, that heat source is going to be mandatory if you want your car to be reliable year-round. Even if you lived in Florida or Southern California, would you really want a car that you couldn't take on a trip up north during the winter months?
Since E85 cars pretty much require a heater, it seems to me that you could pretty much ignore the cold start issue.
As a side note, a friend of mine worked for ADM at an ethanol plant, and after hearing some stories, I definitely wouldn't be using motor-vehicle ethanol as an Everclear substitute even if it wasn't denatured

Since E85 cars pretty much require a heater, it seems to me that you could pretty much ignore the cold start issue.
The E100 has to be shipped between the ethanol "refinery" and the gasoline refinery, and the Feds (as well as several state governments) aren't open to the idea of shipping pure ethanol. Blame post-Prohibition liquor laws.
As a side note, a friend of mine worked for ADM at an ethanol plant, and after hearing some stories, I definitely wouldn't be using motor-vehicle ethanol as an Everclear substitute even if it wasn't denatured
As bad as E85 might be, E100 would be worse. In the wintertime, that 18.5% of "gasoline" can be blended to yield a rather high vapor pressure, and thus at least marginally improves cold starts.
As a side note, a friend of mine worked for ADM at an ethanol plant, and after hearing some stories, I definitely wouldn't be using motor-vehicle ethanol as an Everclear substitute even if it wasn't denatured

As bad as E85 might be, E100 would be worse. In the wintertime, that 18.5% of "gasoline" can be blended to yield a rather high vapor pressure, and thus at least marginally improves cold starts.
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