I am seeing a lot of negative articles on EV’s lately. They are using the slowdown in EV sales as a result of people abandoning EV’s. Yet I believe the slowdown is from high interest rates, inflation on everything, and people don’t have as much money right now because of inflation.
I just seen an article saying the true cost of running an EV is the equivalent of $17.33 a gallon, based on infrastructure, charging equipment, subsidies, etc. This kind of talk makes me sick, feels like some are pushing against EV’s in a big way, twisting the truth.
Coming from true EV owners what do you all think of this?
It’s absolutely interest rates. Just bought an EV and we decided to just buy it outright as APR is now above our bank’s APY. It no longer makes sense to delay paying it off…and a lot of people don’t have that option too…I imagine them looking at the high APRs right now and just deciding to sit things out until financing specials pop up direct from the manufacturer. Those are not always there…so demand is pretty much kept at bay.