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?
In the USA there is growth in EV; but the growth rate has slowed down. One of the impediment for EV growth is insurance. Insuring EV tend to be more expensive. A friend of mine bought a Rav-4 hybrid over the model Y for this very reason. It is not just in the USA; but it could be more expensive in UK as well. With higher insurance cost, higher up front cost, higher tire cost (due to it wearing out faster), additional registration cost, and high supercharging cost: it sometimes isn’t a good value proposition for some people. the higher insurance cost and higher tire cost will wipe almost all the “gas savings” and “maintenance” savings. Saying that: Tesla recently has put some discounts on some of their inventory and they could be quite inexpensive (if the buyer qualified for the $7500 tax credit)
Source:
https://www.valuepenguin.com/how-having-electric-car-affects-your-auto-insurance-rates
https://www.autoexpress.co.uk/news/361588/why-electric-car-insurance-so-expensive-ev-vs-ice-cost-analysis
https://www.newsweek.com/more-range-more-tires-electric-vehicle-tire-myths-truths-1796810
Yes insurance is getting ridiculous for EVs now. Makes you wonder what the real reason for this is. The government and oil companies making less money on EVs, so what’s the one mandatory thing people need? insurance, let’s drive the price up on that and cream off some money.
Yes, either a giant global conspiracy OR EV’s cost more to repair, and are written off more frequently after accidents: https://www.thisismoney.co.uk/money/electriccars/article-12263633/Electric-vehicles-claims-25-higher-petrol-cars.html
A very under-addressed problem. I don’t know how to fix it, but it’s not great
By having EV’s built by traditional manufacturers that stock replacement parts like they always have, and a side industry of aftermarket or clone parts. This is why Ford. GM and Stellantis will do well long term.
Yes, needlessly written off in many cases.
Maybe, maybe not. It’s hard to get parts for them in ways ICE cars are not. Regardless it’s not a conspiracy as to why insurance is higher unless that conspiracy is being done by their manufacturers
Maybe. Insurance companies aren’t prone to covering costs they don’t have to.