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Reply to "Do EVs really save you money?"
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[quote=Anonymous]I replaced a Rav4 (which was very reliable and got about 25 MPG) with a small KIA Niro EV. I drive about 1K miles per month to work and in the area, and do all of my charging at home overnight. Here are some of my cost observations: I save about $150 per month in gas but my monthly electricity bill increased by about $15. I no longer get seasonal oil changes or other fluid changes. My auto insurance went up by about $500 annually after buying the EV (not sure what it would be if I bought a similarly priced new gas car). In VA, I pay an extra $117 electric car fee annually to register the EV. After 3 years, I needed new tires for the EV (about $750). I spent about $2K for a 220V charging cable and plug installation. However, this is all pennies compared to the depreciate of my EV. In another year or so, the 12 year Rav4 is is probably going to be worth more than the 5 year old Niro EV, which is tanking in value (down 70% since purchase). [/quote]
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