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:
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Costs relatively more to insure
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Registration cost every year is higher
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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).
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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.
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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!!!
It really depends on what you are comparing. Plus comparing specs on a spreadsheet doesnt give you the full picture. I have an ID.4 and recently had a Tiguan loaner. On paper the ID.4 is just an electric Tiguan. IRL it feels like the more expensive car it is. I would easily put it on par with similarly priced luxury ICE SUVs like the X3/Q5. And the price difference between an ID.4 and Tiguan is probably smaller than ever.
Plus there are other reasons to get an EV like the environment, the much nicer driving experience, not having to go to gas stations (if you can primarily charge from home) etc. If you have the right life parameters there are quality of life improvements you can’t put a price on.