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!!!

  • DuncanIdaho88@alien.topBEnglish
    1·
    10 months ago

    1. Teslas, or exotics like the Porsche Taycan are expensive to insure. There are a couple of reasons for this. One is expensive repairs, and the second is that going from a ten year old Honda Civic to a family sedan with almost 500 horsepowers takes some “relearning”. High performance Chinese EVs that are still cheap to repair, are also cheap to insure in Europe

    2. Most EVs hold their value well. Infamously unreliable, but fun cars tend to depreciate a lot once they’re nearing their end of warranty. EVs famous for their reliability, such as the e-Golf, MG ZS Ev or BMW i3 have held up extremely well where I live