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Reply to "Do EVs really save you money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I spent 40k on a used EV (with 9k miles) and the last 2 cars I purchased were 50k. I bought a smaller SUV than usual, but was comfortable with the trade offs and happy to spend less but be able to save a lot on opex. I spent about 1500 to get the charger installed. I drive about 20k miles per year. And I pay 4 cents a mile to charge an EV and about 16+ cents a mile to charge the car that the EV replaced. I also can charge for free several places that I’m parked for long periods - which means I don’t have to charge as much at home. I *rarely* use a super fast charger, which is only about 10-15% discount over gas. In the first year I will save approx 1400 on fuel. Plus there’s no oil change or other routine maintenance like timing belts, spark plugs, transmission fluids. Which are several thousand on a car over a 150k mile lifetime. We are definitely saving money. The car and the battery are covered for 6 years from the date we purchased them for unlimited miles. The biggest risk is resale value in several years if the battery goes kaput or EVs completely die off. I hope the annual opex savings more than pays for that. If I had purchased the ICE version of my car, yes it would have been cheaper, but it wasn’t nearly as nice. [/quote] Insurance went up about what you’d expect going from a 10 year old car to a 1 year old car. I don’t remember the amount but it wasn’t anomalous as if EVs were more expensive to insure or something. [/quote] The EV insurance premium is mostly a factor of Teslas having an outsized share of the EV market and being incredibly expensive to insure relative to the cost of the car. [/quote]
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