Do EVs really save you money?

[Anonymous]

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

[Anonymous]

Anonymous wrote:Some EVs include a tax credit for $7500. Did you factor that in?

Also less maintenance -- no oil changes, spark plugs, etc needed.

The insurance on an ev is like 20% more than for an ICE car. Did you factor that in?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

There is no part of the country where charging is more than gas. Seriously name one.

And an ICE vehicle will cost a lot to keep running for 30 years. You can easily save $5-10k in maintenance and repair costs with EV.

[Anonymous]

Anonymous wrote:No. The break even point vs. a similar internal combustion car is far out into the future

This just isn’t true. If you check Kelley Blue Book’s 5 year TCO you’ll see the cheapest option in several categories is already the EV. And the longer you own the EV the more favorable it gets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Some EVs include a tax credit for $7500. Did you factor that in?

Also less maintenance -- no oil changes, spark plugs, etc needed.

I tend to keep my cars for about 10 years. In that 10 years, an electric will need a new battery pack which will make up for a lot of the regular maintenance cost difference

How do you know that? No one out there is replacing battery packs on 10 year old cars. That is basically FUD.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

There is no part of the country where charging is more than gas. Seriously name one.

And an ICE vehicle will cost a lot to keep running for 30 years. You can easily save $5-10k in maintenance and repair costs with EV.

My ICE vehicle has cost virtually nothing to maintain for the first 15 years. Mostly cheap oil changes and tires/brakes which EVs need replaced too.

When gas is near $3/gal it is absolutely near parity with home electric prices or below for a fuel efficient vehicle in virtually all of the country except places with high gas prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

Where in the country is electricity more expensive than gas on a per mile basis?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

There is no part of the country where charging is more than gas. Seriously name one.

And an ICE vehicle will cost a lot to keep running for 30 years. You can easily save $5-10k in maintenance and repair costs with EV.

My ICE vehicle has cost virtually nothing to maintain for the first 15 years. Mostly cheap oil changes and tires/brakes which EVs need replaced too.

When gas is near $3/gal it is absolutely near parity with home electric prices or below for a fuel efficient vehicle in virtually all of the country except places with high gas prices.

At 40mpg at $3/gallon, it’s 0.075 per mile a or roughly twice as expensive as it is to charge the average electric vehicle.

But keep living in your fantasy world. The recent spate of “sky is falling” PR about EVs has really gotten to people. All of that was based on the rate of GROWTH slowing. EV adoption is still growing as a % of total vehicle purchases just not as fast as it was last year and the press went crazy about the secret cost of EVs.

And all the knuckle draggers happily began parroting the talking points.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't know, but it sure seems to, though it isn't why we got one. We also have solar, so that lowers the cost of home charging. I say it seems to because the only costs are purchase price and electricity, which is pennies whereas filling the gas tank is $50-$100 2-3 times per month, and gas doesn't last as long. We rarely need to fully charge the EV, and rarely drop below 40% -- usually its around 70%, and we keep it at the recommended 80% expect for longer trips.

The difference in time (and money) spent on "car stuff" is something we hadn't anticipated making a difference to us, but the EV to hybrid car ownership experience for us is like the difference between a native plant in the right place compared to an exotic, fussy, non-native in a less than ideal spot - so much more work for the hybrid. Once we got used to the EV, the time spent on little things for the hybrid, like getting gas, oil changes, inspections, maintenance issues, became extra annoying simply because we never have to do it for the EV. So now we fuss over who has to deal with the "primitive vehicle," lol.

You have solar. That wasn’t free and I’m sure you overpaid. So in other words you paid for all your electricity years in advance. Need to factor that into the costs of charging your EV.

DP but we had solar panels installed in 2019 and have already recouped the full cost without even accounting for how much electricity we are or aren't consuming and how much that costs -- 30 percent came right off the top as a federal tax credit the next year, and then four years of SREC sales made up for other 70 percent. If you live in D.C., the cost savings from solar are great, if you can afford to buy the system rather than lease it. I now have several months a year where my total electric bill is about $12 each month (for transmission and taxes); the most I've spent in a month since installing solar is $100, and that was in the dead of winter with snow all over the panels for a couple of weeks and frequent EV charging.

Anyway, it costs me about $5 or $6 to charge my car at home from 20 percent to 80 percent based on the price per kWh I pay for electricity. I'm often not paying for that electricity, but since that's the cost of about 2 gallons of gas, I don't really bother calculating my actual cost.

Good job with break even on your solar panels. But you still overpaid for both your panels and your EV.

DP: What does overpaid even mean? We got ours on a group discount in 2014 with huge credits. They cost what they cost. So what does overpaying mean?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

Who is needing to replace batteries? Never heard anyone need to do this nor need to sell the car to avoid doing it.

Why are you so afraid of change?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

There is no part of the country where charging is more than gas. Seriously name one.

And an ICE vehicle will cost a lot to keep running for 30 years. You can easily save $5-10k in maintenance and repair costs with EV.

My ICE vehicle has cost virtually nothing to maintain for the first 15 years. Mostly cheap oil changes and tires/brakes which EVs need replaced too.

When gas is near $3/gal it is absolutely near parity with home electric prices or below for a fuel efficient vehicle in virtually all of the country except places with high gas prices.

And you are polluting and have to keep going to the gas station.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

No it isn't.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

There is no part of the country where charging is more than gas. Seriously name one.

And an ICE vehicle will cost a lot to keep running for 30 years. You can easily save $5-10k in maintenance and repair costs with EV.

My ICE vehicle has cost virtually nothing to maintain for the first 15 years. Mostly cheap oil changes and tires/brakes which EVs need replaced too.

When gas is near $3/gal it is absolutely near parity with home electric prices or below for a fuel efficient vehicle in virtually all of the country except places with high gas prices.

And you are polluting and have to keep going to the gas station.

But you can go on trips without risking getting stranded.

The mining and production of large batteries creates pollution that is worse by some estimates than an ICE vehicle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

There is no part of the country where charging is more than gas. Seriously name one.

And an ICE vehicle will cost a lot to keep running for 30 years. You can easily save $5-10k in maintenance and repair costs with EV.

My ICE vehicle has cost virtually nothing to maintain for the first 15 years. Mostly cheap oil changes and tires/brakes which EVs need replaced too.

When gas is near $3/gal it is absolutely near parity with home electric prices or below for a fuel efficient vehicle in virtually all of the country except places with high gas prices.

At 40mpg at $3/gallon, it’s 0.075 per mile a or roughly twice as expensive as it is to charge the average electric vehicle.

But keep living in your fantasy world. The recent spate of “sky is falling” PR about EVs has really gotten to people. All of that was based on the rate of GROWTH slowing. EV adoption is still growing as a % of total vehicle purchases just not as fast as it was last year and the press went crazy about the secret cost of EVs.

And all the knuckle draggers happily began parroting the talking points.

From here https://www.washingtonpost.com/climate-environment/interactive/2023/electric-vehicle-charging-price-vs-gasoline/

“ I wanted to see why those arguing against the economics of EVs came to such a different conclusion. For this, I contacted Patrick Anderson, whose Michigan-based consulting firm works with the auto industry and assesses the cost of EVs each year. It has consistently found most EVs to be more expensive to refuel.
Anderson told me that many economists leave out costs that should be part of any calculation of recharging costs: state EV taxes replacing gas taxes, costs of home chargers, transmission losses while recharging (about 10 percent), and the cost of driving to sometimes distant public fueling stations. These are small but real costs, he says. Together, they tip the balance toward gasoline cars.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:EVs are largely a scam. Compared to a hybrid, an EV is worse for the environment (from pollution during battery production and reduced vehicle lifespan even with battery replacements) and costs more money (vehicle price, insurance premiums, cost of electricity, rapid depreciation, etc)

None of this is actually true.

All of it is true. In some areas of the country, depending on gas prices and home electricity prices, charging is more expensive than gas. An ICE vehicle will last 2-3x as long as an EV because replacing the battery on an older EV costs more than the vehicle is worth.

There is no part of the country where charging is more than gas. Seriously name one.

And an ICE vehicle will cost a lot to keep running for 30 years. You can easily save $5-10k in maintenance and repair costs with EV.

My ICE vehicle has cost virtually nothing to maintain for the first 15 years. Mostly cheap oil changes and tires/brakes which EVs need replaced too.

When gas is near $3/gal it is absolutely near parity with home electric prices or below for a fuel efficient vehicle in virtually all of the country except places with high gas prices.

And you are polluting and have to keep going to the gas station.

But you can go on trips without risking getting stranded.

The mining and production of large batteries creates pollution that is worse by some estimates than an ICE vehicle.

This is such a ridiculous argument brought to you by the same people who have been arguing the climate change isn’t real.

I mean we all know that gasoline is collected from morning dew in protected glades right?