The Problem with Buying an Electric Car
The Problem with Buying an Electric CarSubscribe for more daily vids ►https://www.youtube.com/channel/UCuxpxCCevIlF-k-K5YU8XPA?sub_confirmation=1⬇️Scotty’s T...
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Electric Vehicle repair costs, insurance and rising costs.
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All valid points. But that doesn't mean electric cars aren't the future. It's a new product line and everyone is trying different things. It'll take a few years before some semblance of infrastructure and standardization sets in and it'll be more feasible for a bigger set of population.The Problem with Buying an Electric Car
The Problem with Buying an Electric CarSubscribe for more daily vids ►https://www.youtube.com/channel/UCuxpxCCevIlF-k-K5YU8XPA?sub_confirmation=1⬇️Scotty’s T...
It's an insanely expensive smartphone on wheels with crazy secondary costs and massive risks.
Lol. Everyone just keeps spreading FUD. I'm saving a good amount driving my electric vehicle and haven't had a single problem in 40,000 kms. It has a 7 year bumper to bumper warranty. Anyone who believes Scotty Kilmer is a little dense themselves.
I refer to them as appliances.
Are you really saving a good amount?
Which EV did you purchase?
What did it cost including tax?
If you're leasing, what is your monthly payment?
What's the buyback amount?
I assume you had to install a charger. What did that cost?
How much will it depreciate? On average, EVs have a five-year depreciation rate of 49.1%. That's compared to an overall industry average of a 38.8% five-year depreciation rate.
How many people will want to purchase a 7 year old EV that's out of warranty?
Don't forget to include the cost of tires.
https://www.thedrive.com/news/nobody-told-ev-owners-how-quickly-they-burn-through-tires
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Setting aside any argument about climate change. When your EV does go wrong, it may be so costly to fix, that you may need to walk away.
Insurance costs are crazy
I’ve heard they’re difficult to sell used.
I can’t verify this.
Driving in Toronto is relatively easy, but what happens when you want to go to the cottage.
Infrastructure is not there.
There is so much change in the industry any infrastructure built today will be obsolete tomorrow. Only government throws good money after bad.
Until there is a smarter solution, I’m avoiding EVs
Insurance costs are crazy
I’ve heard they’re difficult to sell used.
I can’t verify this.
Driving in Toronto is relatively easy, but what happens when you want to go to the cottage.
Infrastructure is not there.
There is so much change in the industry any infrastructure built today will be obsolete tomorrow. Only government throws good money after bad.
Until there is a smarter solution, I’m avoiding EVs
$10 less per year than the fullsize truck that I had.
Yes, I am saving a good amount. It's a Chevy Bolt and my tire wear is not anymore excessive. Some of your other questions are none of your business and some you can figure out yourself.
No need to be so angry. Once you factor in all the things you say are none of my business, you won't be saving as much as you think. Plus the Bolt was discontinued at the end of last year, which won't help the resale value.
I'm not angry. Don't be so defensive. You asked a question and I declined to answer. Thanks for telling me you know more about my car and what it costs than I do.
My biggest issue is the fear of waiting a long time to recharge on long trips and the depreciation as new technology renders the old models useless. I'll cave in half way and go Hybrid first.
My friend had a RAV4 hybrid and said he would never buy another hybrid. He had it 4 years and got rid of it and bought a Highlander(non hybrid version).
Again it makes sense for some people to buy EVs now. I did a week long roadtrip from toronto to quebec city and back without issues charging. Every hotel I stayed at had charging. The major highways have very reliable high speed charging. Again it's a growing product and the infrastucture will catch up eventually. re-sale values will even out once more people are ok with buying a used electric car. It's especially very cheap to use in the city.
Current state won't continue forever.
Also, you need to train up electric vehicle repair technicians. It's only been a short time since there even was such a thing...
Have a 2022 American EV and will NEVER go back to ICE.
Leased it for 3 yrs @ $215/month. When lease expires will get another EV.
Home had 100 amp service and needed 200 amp service Electric upgrade and EV charger which was done and cost $5445.
Am saving ~$120/month on gasoline, oil changes and antifreeze, that are no longer needed. Got an extra $600 income tax refund for the Electric upgrade and with the gasoline/oil change savings that $5445 will be paid for when EV lease expires in 2025, so that home electric upgrade and EV charger cost me ZERO!
FWIW this EV weighs 400 lbs less than my prior leased ICE vehicle.
My EV insurance dropped $19.00.
Electric rates are cheap in WNY.
For example it used to cost me $9.00 in gasoline to drive from Buffalo to the Niagara Falls NY Seneca casino.
With EV the same trip cost me $1.50 in electricity!
Was spending about $150/month for gasoline with prior ICE vehicle.
Now spend about $35/month for electricity for EV, driving the same miles!
Oh Tires are the latest RIPOFF by carmakers on many vehicles! Tires on my prior ICE vehicle wore out after 15,000 miles! I complained, they were rated/warranted for 45,000 miles. Ended up getting a new set of tires at no additional cost!
I feel sorry for those driving ICE vehicles for the way they are about to be HOSED again by BIG OIL cartels over the current middle-east situation. Then expect another HOSING next month when BIG OIL switches over to "summer blend" gasoline! This BIG OIL thievery will not effect me a bit. I just laugh it off and tell those crooked Texans and Oilmen to go drink their oil and gas! Don't need it anymore!!!
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I drive a plug in Hybrid, a 2017 Volt, bought used in 2019.
About 95% of my driving is around town and entirely electric.
Even though the battery is smallish by current standards.
Electric range is 120km in the summer, more like 75 with more headlights, wipers, defrost etc in the winter.
It does my daily drop adult kids to their jobs then on to my workplace commute and home again all on electric.
Home overnight charges, and weekend mid day charges means gas does not get used much.
I got rear ended on the passenger rear side on the highway in 2021.
First insurance report made me think a write off was a a possibility.
In the end though the insurance company put me in a rental and took 7 weeks and $17.5k in repair costs.
Because that was less then their payout value.
The time to repair was mostly sourcing parts as not a lot of (non electric) components for this thing in scrap yards and GM parts train.
Yes, tires are an ongoing cost. Buy overall quite a bit cheaper to drive in my opinion.
I do enjoy changing the engine oil every 3 years, just because it got old.
Engine computer drops 3% off the oil life monitor every month after the first engine run post oil change.
About 95% of my driving is around town and entirely electric.
Even though the battery is smallish by current standards.
Electric range is 120km in the summer, more like 75 with more headlights, wipers, defrost etc in the winter.
It does my daily drop adult kids to their jobs then on to my workplace commute and home again all on electric.
Home overnight charges, and weekend mid day charges means gas does not get used much.
I got rear ended on the passenger rear side on the highway in 2021.
First insurance report made me think a write off was a a possibility.
In the end though the insurance company put me in a rental and took 7 weeks and $17.5k in repair costs.
Because that was less then their payout value.
The time to repair was mostly sourcing parts as not a lot of (non electric) components for this thing in scrap yards and GM parts train.
Yes, tires are an ongoing cost. Buy overall quite a bit cheaper to drive in my opinion.
I do enjoy changing the engine oil every 3 years, just because it got old.
Engine computer drops 3% off the oil life monitor every month after the first engine run post oil change.
