Anonymous wrote:New ICE cars already cost $40-60k. That's now in the same price range as many EVs.

Without a question you save more on maintenance and fuel costs with EVs.

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.

At $100 two times a month, you're saving $2,400 a year. Something like a Kona is the cheapest EV widely available at about 30k. The closest ICE would probably be a Tuscon for 10k cheaper. That's a 4 year break even point on gas. Maintenance if cheaper, but you're also paying about a 20% insurance premium. Resale values on EVs are also really bad compared to ICE. Personally I'd get the EV between those two, but I wouldn't pretend that I'm saving money

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.

At $100 two times a month, you're saving $2,400 a year. Something like a Kona is the cheapest EV widely available at about 30k. The closest ICE would probably be a Tuscon for 10k cheaper. That's a 4 year break even point on gas. Maintenance if cheaper, but you're also paying about a 20% insurance premium. Resale values on EVs are also really bad compared to ICE. Personally I'd get the EV between those two, but I wouldn't pretend that I'm saving money

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.

Anonymous wrote:If you want to get into the math, it's not too hard. The questions are: what gasoline/electric cars are you comparing, what are the prices of gas/electricity and how much do you drive. The tricky question is your electricity price, so utility companies have calculators that do it for you:
https://www.pepco.com/smart-energy/innovation-technology/dc/electric-vehicles/ev-savings-benefits

It looks like you might save around $1000/year in fuel costs compared to electricity.

Of course, you can buy whatever you want. The people I know who have bought EVs tell me a couple of things and I've observed a few others:
1. They have more money than me and were going to buy some sort of new car anyway. The "premium" for an electric is just another blip in their spending.
2. The operating costs are less than with a regular engine but they don't really care (see 1. above)
3. They almost universally LOVE their electric car. They're just better. People with money like having things that are better.
4. The downsides are charging away from home and how to manage long trips. I don't know anyone with an electric or plug in car who doesn't have their own, personal parking spot and charger. I don't know anyone whose only car is electric.

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.