Reply to Anyone looking to buy an EV because of gas prices

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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…[/quote]

+1 the math does not check out here. [/quote]

$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. 
[/quote]

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.[/quote]

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. [/quote]

It makes zero sense ecologically to ditch a working gas car they already own for a new EV, too -- maybe not zero, because of the lack of direct emissions from the EV, but generally speaking, it's almost always greener to keep using existing stuff. (I say that as the owner of an EV.) I would never advocate for someone to ditch their gas car so they could buy an EV. But I would very strongly recommend that if you get a new car, it should be electric.[/quote]

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