I am a California resident.

I am going into analysis paralysis and it’s making me crazy when I sit down to decide if I should go with an ICE car or an EV. HELPPPPPP!!!

Sure ICE vehicles cost more in fuel and maintenance, but EVs have some other costs as well:

  • Costs relatively more to insure

  • Registration cost every year is higher

  • Opportunity cost: a $40k EV is generally compared to a $30k ICE car in terms of break even in 5-6 years. But people rarely mention the opportunity cost of spending the extra $10000. That $10k can make you around $1k each year if invested (subject to market risk ofcourse).

  • Supercharging is still not cheap: while still being 50% cheaper than gas, its not cheap. I see 50c/kwh near my area. And not everyone has a home to charge.

  • Rate of depreciation: All cars depreciate. But some loose value faster than others. My personal feeling is EVs depreciate faster than ICE. Simply because the tech is growing so fast. The argument for ICE is that there will be less demand for ICE in future due to increasing EV market share. So, little conflicted on the right answer here

I don’t know if am the only one who is unable to see the savings in EV (long term). Am I missing something?? Can eV owners share their perspective?? HELP ME come out of this shit and just book a carrr!!!

  • bobjr94@alien.topBEnglish
    1·
    10 months ago

    Many people say insurance is about the same as their last ICE, that how ours is not much difference than anything else. You have to get a quote on your own policy to know the actually cost anything else is just random guessing.

    Registration can be more depending on the state but it’s often in place of gas taxes to make it fair for other drivers. If not EVs would be driving on the roads without paying their fair share of gas tax.

    Charging at home is always cheapest, when your paying to fast charge on a public charger that company has to make money on charging and equipment.

    If you feel EVs deprecate so much faster then of course buy a used one, let someone else take the loss.

    We have driven about 23k miles this year, we would have spent over $4500 in gas in 11 months. According to the power bill our EV charging usually accounts for $70-80 of energy use for 2 months.