Anyone looking to buy an EV because of gas prices

Anonymous
Anonymous wrote:No. Gas prices will come down.
+1 My next vehicle will be a gas.
Anonymous
I'll buy an EV when there is one I actually like that costs 100k or less.
Anonymous
The average transaction price for an electric vehicle (EV) is $56,437, according to Kelley Blue Book — roughly $10,000 higher than the overall industry average of $46,329 that includes gas and EVs. In terms of pricing, an EV is equivalent to an entry-level luxury car.

https://www.foxbusiness.com/lifestyle/filling-gas-vehicle-cheaper-electric

Anonymous
Anonymous wrote:The average transaction price for an electric vehicle (EV) is $56,437, according to Kelley Blue Book — roughly $10,000 higher than the overall industry average of $46,329 that includes gas and EVs. In terms of pricing, an EV is equivalent to an entry-level luxury car.

https://www.foxbusiness.com/lifestyle/filling-gas-vehicle-cheaper-electric


+1 EVs also require charging, and you may need to retrofit your house to be able to charge at home. There are "free" charging stations dotted around, but if more and more people get EVs, there won't be enough "free" charging stations to keep up with the demand, let alone the demand on the power grid. How do we produce more electricity? Some of it is produced by fossil fuel. Tesla does provide the solar/charging service retrofit at home, but solars can shorten the life of a roof, and it costs more to replace the roof. Maintenance: Although EVs may require less maintenance than standard cars, if it does require maintenance, it costs more.

Not all cities have ubiquitous charging stations. If you go visit such a place for a week with your car, you'd have to allot some of your time to finding a charging station, and sitting there for a while waiting for it to charge.

All this to say: owning an EV is more than just saving on fuel for the car.

My next car will be a plugin hybrid, but I think in the next 3 to 5 years, we will see some advancement in the EV car technology, so I'm going to wait a bit.
Anonymous
Anonymous wrote:
Anonymous wrote:I actually ran the numbers this morning and I would have to drive an EV 176,000 miles to make up for the difference in cost when trading in my existing car. Oh well…


+1 the math does not check out here.


$5 gallon gas
Current car gets 24 mpg
0.23 c per mile
$21k trade in value

EV
55k - 21k trade in = 34000k
$9 charge for 210 miles
4.3c per mile

34,000/19 c difference between cost per mile = 178,000
And yes, I did not calculate the savings in maintenance but I also didn’t add the costs to add a charger to my garage.




Anonymous
Some EV's are coming with years of free charging. They are the higher cost models, but none the less.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I actually ran the numbers this morning and I would have to drive an EV 176,000 miles to make up for the difference in cost when trading in my existing car. Oh well…


+1 the math does not check out here.


$5 gallon gas
Current car gets 24 mpg
0.23 c per mile
$21k trade in value

EV
55k - 21k trade in = 34000k
$9 charge for 210 miles
4.3c per mile

34,000/19 c difference between cost per mile = 178,000
And yes, I did not calculate the savings in maintenance but I also didn’t add the costs to add a charger to my garage.






This is false equivalency - you are comparing your current car, which by your math would appear to be paid off, to purchasing a new vehicle. So of course it'll never make sense to purchase a new electric car instead of just keeping your current car. You need to compare purchasing a new gas car to a new electric vehicle to see how the costs compared.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I actually ran the numbers this morning and I would have to drive an EV 176,000 miles to make up for the difference in cost when trading in my existing car. Oh well…


+1 the math does not check out here.


$5 gallon gas
Current car gets 24 mpg
0.23 c per mile
$21k trade in value

EV
55k - 21k trade in = 34000k
$9 charge for 210 miles
4.3c per mile

34,000/19 c difference between cost per mile = 178,000
And yes, I did not calculate the savings in maintenance but I also didn’t add the costs to add a charger to my garage.


This is false equivalency - you are comparing your current car, which by your math would appear to be paid off, to purchasing a new vehicle. So of course it'll never make sense to purchase a new electric car instead of just keeping your current car. You need to compare purchasing a new gas car to a new electric vehicle to see how the costs compared.


To be fair, this is the reality for a lot of folks. The bottom line is that it makes ZERO financial sense to ditch a car that you already own to buy ANY new car.

I'm going to guess that in two years (or less) that gas prices will be back in the $3 range and amnesia will set in, as it always does. Folks will need (or get the itch for) a new car and choose with the mindset that gas will be cheap forever. That will be the time to consider buying an electric car.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I actually ran the numbers this morning and I would have to drive an EV 176,000 miles to make up for the difference in cost when trading in my existing car. Oh well…


+1 the math does not check out here.


$5 gallon gas
Current car gets 24 mpg
0.23 c per mile
$21k trade in value

EV
55k - 21k trade in = 34000k
$9 charge for 210 miles
4.3c per mile

34,000/19 c difference between cost per mile = 178,000
And yes, I did not calculate the savings in maintenance but I also didn’t add the costs to add a charger to my garage.



Budget $1K or less to add a charger to your garage plus ~$500-$700 for the actual charger itself.
We spend $1K-$4K annually on our ICE cars to service them and have spent less than $250 to service our electric vehicle for the past three years.

What was the original cost of your gas car, BTW?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I actually ran the numbers this morning and I would have to drive an EV 176,000 miles to make up for the difference in cost when trading in my existing car. Oh well…


+1 the math does not check out here.


$5 gallon gas
Current car gets 24 mpg
0.23 c per mile
$21k trade in value

EV
55k - 21k trade in = 34000k
$9 charge for 210 miles
4.3c per mile

34,000/19 c difference between cost per mile = 178,000
And yes, I did not calculate the savings in maintenance but I also didn’t add the costs to add a charger to my garage.


This is false equivalency - you are comparing your current car, which by your math would appear to be paid off, to purchasing a new vehicle. So of course it'll never make sense to purchase a new electric car instead of just keeping your current car. You need to compare purchasing a new gas car to a new electric vehicle to see how the costs compared.


To be fair, this is the reality for a lot of folks. The bottom line is that it makes ZERO financial sense to ditch a car that you already own to buy ANY new car.

I'm going to guess that in two years (or less) that gas prices will be back in the $3 range and amnesia will set in, as it always does. Folks will need (or get the itch for) a new car and choose with the mindset that gas will be cheap forever. That will be the time to consider buying an electric car.
+1
Anonymous
Anyone have any idea what the regional waiting list is for the RAV4 Prime?
Anonymous
Nope. Not until the technology is better. I wanna be able to drive to at least NYC in one charge. I’ll wait until the range is better.
Anonymous
I'm going to stretch my current car as long as I can, ride my bike more when I can.
Anonymous
Nope, just don't know how to come up with 60,000+ for a car, not going to happen especially with all the other costs of living expenses going through the roof. This is some cr p Biden has gotten us into. And no, Joe, I don't blame Putin. This is on your buddy.
Anonymous
Anonymous wrote:Nope. Not until the technology is better. I wanna be able to drive to at least NYC in one charge. I’ll wait until the range is better.


Since it is 230 miles to NYC except for the Leaf I believe all EV's on the market can make it to NYC no problem.
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