Are Electric Cars Worth It? || The Truth About Electric VS Gas Cars!
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- čas přidán 29. 10. 2022
- Are electric cars worth it? We review the pros and cons of electric cars vs gas cars and hybrid cars in terms of price, maintenance, repairs and environmental impact. Are electric cars better than gas cars? Are electric cars the future? Are electric cars more reliable? Are electric cars safe? If you are buying a new electric car or electric SUV, make sure to watch this review.
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With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe! - Auta a dopravní prostředky
Well, I understand that EV has a substantially less maintenance cost over the years but taking into account the high price tag it pretty much eliminate what you save
This was true a few months ago. But now with the reduced prices of EVs, I do not think that this holds anymore. Of course this depends mostly on which state you live in. But in general, model Y and Model 3 (for example) are closing in on price against comparable ICE
I agree that cost wise a conventional hybrid makes the most sense right now, especially with Toyota's 150,000 mile warranty on the battery. It's almost a lifetime peace of mind for an average car. So until tech significantly improve and/or price of EV drops...Thanks again for the excellent info and angle.
Gasoline automobiles can go two hundred thousand miles and more. The electric grid needs to be improved NOT THE CAR Oil is a natural resource and electric power is NOT and NEEDS some other source of energy to PRODUCE IT (like coal, a dam, wind, or OIL). DOG CHASING ITS TAIL!
Nissan give a 10 year warranty on their EV cars battery.
One thing you didn't mention would be the installation of a 220v over a 110v home charging station. Here in California we do not have the electrical capacity to support EV cars in the long run and nothing is addressing that situation for the future. We have brown outs now and having more electrical use may cause actual black outs.
2002 Toyota Tacoma w/ 386k miles and still going strong...when electric cars can compete with that long term reliability... Ill think about it...maybe
Most EV builders offer 100,000 mile warrantee. Given the fact that the EV really only has (1) important part, any failure of battery components could be a financial disaster.
No, not yet. Hybrids definitely. We’ve had 8-14 day power outages here during winter storms and an EV would be problematic in that situation. The charging stations are too sparse.
Which mid-size EV do you recommend?
When the power's out in my neighborhood, gas stations are out too 🤔
I bought a EV and I am saving a bunch of money! I am no longer sending my money to the oil sheiks in the Middle East.
Gas pump don't work during outages either and some EV can do VTL (Vehicule to Load) which can be a savior during outages, your car can power essentials, like your fridge.
@@francisbeaulieu9591Then drive to a gas station that works. Very simple lol
Excellent video. My hybrid gas avg is $500/yr and so far maintenance is another $500/yr over the past 5 years. Best thing it was $20,000 less than ev
Exactly. Hybrid is smarter
What do you drive?
@@chrisnagel2708 hey - what’re you doing on a random CZcams video I’m watching?! Haha
Yup. the initial cost of a ev is a killer.
My gasoline burner has had $100 in maintenance over the last 11 years. New battery at Walmart.
Agree with you 100%, I have the same thoughts as well!!
Thanks for the awesome episode?! 😊
Hi Shari, great video as always! Here's one more factor keeping some out of electric cars: their small size. If you need more than two rows of seating and/or more than about 30 cubic feet of trunk space, there are few options on the market, and those options are very expensive, e.g. the six-seater $157,000 Cdn Tesla Model X (6.5 in the frunk, 33 behind the second row, 15 behind the third row), e.g. the seven-seater $94,000 Cdn Rivian R1S (11 in the frunk, 46.7 cubic feet behind the second row, 18 behind the third row), e.g. the seven-seater $136,000 Cdn Mercedes-Benz EQS (no frunk, 28 cubic feet behind the second row, 7 behind the third row). Maybe Kia's upcoming three-row EV 9 will be more spacious/more of a value offering.
The Kia EV9 and Hyundai Ioniq 7 should be the next 3-row electric SUVs hitting the market. Hopefully the pricing is reasonable but I'm guessing they will start around $60k Cdn.
EV9 will be between 70-80k nothing less. I’m looking at Vinfast vf9 looks like a full size suv but battery leasing seems odd
OIL INDUSWTRY LIES
I just ordered a 2023 Honda CRV EXL. I was strongly considering the new Hybrid CRV but I didn't want to pay about $6000 more. Plus the fact, I only drive about 10,000 kilometers a year, we decided it wasn't worth the extra cost. I am not ready yet to go all electric.
I'm not sold on Hybrid cars but could consider buying one in the next decade. EVs have too many issues and concerns as our economy or society is not able to effectively support EVs.
The expense is great and do not foresee much savings regarding current EVs. My wife just got her new 2022 Honda Civic Touring sedan on Oct. 4th 2022 which came out of the factory in Sept 2022. Honda is now producing the 2023 Civic at an MSRP of $500 more and it's the same identical car with no changes. Just saved myself $500 getting the 2022. - Your CRV EX-L should be nice and hope you purchased Honda Care VSC or other extended warranty because the i4 1.5L Turbo "Earths Dream" engine is still not out of the woods about the Oil Dilution problem.
The safety features in these Honda vehicles depend and rely heavily upon the computers and if just one goes bad that can cost you $300 to $2,000. Engine replacement might be $5K to $6K. My advise is to get a Vehicle Service Contract/warranty as it is better safe than sorry.
I got Honda Care VSC of 8 years/120K miles with a $0 Deductible for $1,105 from Hyannis Honda Dealership. The Honda Dealership I got my 2022 Civic Touring only tried selling me Zurich 8yr/85K for $2,175 with a $100 Deductible and the finance manager said they don't sell Honda Care because it does not suit them. So I shopped online and bought it from Hyannis. You can go to any Honda Dealer or authorized Honda shop to get your repairs done as long as you get prior approval. All ya gotta do is call the 1-800 number and give your Honda Care Member ID and let them know your situation. Also, you get Roadside Service, it ain't much but better than nothing unless you have AAA or included in your auto insurance policy. Enjoy your new bit roomier CRV than the Civic Touring. Just wished Honda would put a better engine with more HP in both cars.
You can drive from Toronto to Ottawa with your gas car without stopping. And if you need to run the HVAC system hard, you might be out of luck.
Great choice. I agree in the case of the CR-V, the EX-L is the sweet spot for Canadians.
There are a number of issues that were not covered.
1. Some states in the (United States) will charge EV owners an addition registration fee to cover the gas tax that E.V. owners are not paying.
2. E.V. Used car value that are past their warrantee may find it difficult to find buyers. Some used cars dealerships are refusing to buy these used EV.
3. Tesla owners that live outside California, may find that there are no dealerships in the town or county they live.
4. Newer non-Tesla electric car dealerships may not have the repair crews (mechanics) that know how to service the EV.
5. If you live in a warm climate (Southern California) driving range will be close to claimed range at time of purchase. If you live in the Midwest or northern very cold climate, the EV range could be cut by 50% or more. 250 miles range could drop to 100 miles or so.
6. Keep in mind that E.V.'s are still an Industrial Experiment! Early adoption will be expensive.
7. A very important social issue to add here. Battery components like Cobalt, are mined in poor African countries. These mines are very dangerous. Children are often used as employees!!! These moral issues will have to be solved before E.V.'s are truly ethical!
Thank you very much for such an excellent report.
These are the questions I have been thinking of but it isn’t talked about .
I’m still thinking of my future compact vehicle 🚗🚘
Very informative video! Where can I see the life cycle study shown in your video ? Thank yoi
I am a one powertrain guy. I have had a hybrid and PHEV. The two powertrains get a little expensive especially when you factor in suspension etc over time for good measure. If you lease one or don't plan to keep it past 5 years or so you may be ok. So if you think a used one will workout for you, look at how old it is. The hybrids and PHEV still have the combustion engine components that expire over time.
Yes. Worst of both worlds without the best of either.
Question. I'm interested in purchasing the Kia Sportage plug in hybrid. Is it woerh the $10k extra price tag or am I better off buying the regular hybrid?
i ride a 1987 gas Yamaha QT 50 1987 Moped for 36 years and now ride a 2022 electric Sondors Metacycle 4kwh battery for commuting around town. The moped is still running strong. I like not going to a gas station to buy gas but no one will fix a Metacycle rear flat tire.
If electric cars become as popular as gas cars electricity not gonna be cheap anymore
The jump to electric cars without an adequate charging infrastructure to support it doesn’t make a lot of sense to me. Many people lease cars when they get as expensive as an electric car but, as far as I know, the federal tax credit doesn’t go to the person who leases the car. It’s true that a gas car might be obsolete in 10 years but the electric car’s technology of today could be obsolete by then too. I don’t know if every electric car has the same issues but a minor fender bender in a Tesla costs a fortune and takes an eon to get fixed. I’ve read many reports of people in other electric cars that are frustrated by dealers who don’t know how to fix the things that go wrong with them. I was in the Outer Banks one year during the summer when a hurricane triggered an evacuation. Thousands of cars were trying to get out on one road. There were a limited number of gas stations and, even though refueling only took a few minutes, the lines were extremely long. In a power outage, a gas station may be able to run a gas pump with backup generators but I don’t know if you can generate enough power to run a charger for an electric vehicle or how long it would take to charge something. I would never want to be in an electric car under emergency circumstances. The next car I buy will probably be a hybrid.
Gas cars will be around for much longer than 10 years maybe even 30 years. It's gonna take some time for this transition to happen if it even does. Toyota honda and gm are investing alot into hydrogen vehicles and new clean tech is emerging. Well see what happens tho
Great vid!
I have experienced EV and PHEV, and I 100% agree hybrids make the most sense especially if you live in colder/northern climates, EV range drops by 40% and that in my view is not acceptable.
I'd be keen to read that life cycle analysis that pops up in your video from time to time. Could you include a link?
There are a few excellent ones, but the one referenced in the video can be found here: www.fuelsinstitute.org/Research/Reports/Life-Cycle-Analysis-Comparison-Electric-and-Intern
@@carhelpcorner thanks
Also for people who rent and dont have access to a charge port consistently, ev's are automatically out of question and yeah thats a lot of people.
Fairly balanced conversation. I fit your description for the HEV/PHEV buyer: cold winters, long road trips at least 1-2x per year, often drive to remote areas with no chargers, and live in area where the DCFC infrastructure is sparse and quite unreliable. PHEV for me, except the wait lists in Canada are up to 2 or more years for one. It's like they don't even want my money. Can they make more, please?
AI GENERATED LIES
After seriously considering an electric car I have decided to buy and drive a hybrid for the next 3 to 4 years as by then I expect battery technology and price would have vastly improved.
Why would prices improve. What gets cheaper over the years?
@@tvtechwonv27 the cost of battery gets actually down with time. We don't know for how long it will drop, for the moment it decrease every year, but not the price of EV, because they just get bigger battey
@@tvtechwonv27 Batteries!!!
Which mike you are using your vocals are so clear how 😊
I took the grandchildren to a restaurant that has a charging station within view.
We followed a Tesla Model X with Arizona plates into the parking area .
We were in Wisconsin.
Several EV's were waiting to charge.
We ate a leisurely lunch and when we left I noticed the Model X was still waiting to charge.
yikes. yeah ill stick with gas until all thats sorted out.
An EV has been a huge convenience. I charge at home. I don’t worry about filling up gas, going for an oil change, transmission oil change, oil leaks, timing chain interval replacements, gaskets failing… etc. I save so much time and money. It makes sense for city life.
I’ve been saving up for my next car.. aiming for the ioniq 5, but may settle on a hybrid
Hybrid is the best choice. Over time the E.V. will improve. It's just a little early.
Definitely a Hybrid for me. In a few years the battery technology will probably use solid state batteries which are so much safer, faster and more powerful.
Hello! I'm still stuck and have gone back and forth between a hybrid and full EV....Your video was fantastic, and seeing the graphic on what savings will be and the costs incurred for maintenance, etc, a Hybrid makes more sense. I mean $15,000 for a new battery? Not too incentivizing to go full EV. Thank you for this video!!
Excellent information. Personally, I would buy a hybrid, mainly due to living in Iowa where the winters can be tough, and public fast charging is very limited. Until then I will continue using my reliable 14 year old Toyota 4Runner.
Reliable Yes but I had a 4 runner years ago and boy does that car love gasoline.
The newer Teslas have a built-in battery optimizer which heats or chills the battery as needed, automatically. For most people, the home charger route keeps the battery fully charged. If you drive long distances with an EV in sub-freezing weather, it might be an issue, but not for short distance drivers.
We just bought a Bolt Premiere Redline Edition because of all the incentives. The two electric cars it came down to were the Bolt and the VW ID.4. The choice was either a base model VW or the fully decked out Bolt. The VW was roomier, had a better suspension, charged faster, had higher ground clearance and glitchy software but didn't get the full NY rebate and ended up $7000 more than the Bolt. The Bolt had so many comfort features but did have an inferior rear suspension, charged slower, lower ground clearance and was smaller but no software issues. Yes we read about the battery fires, which GM seems to have fixed, and is one reason our level 2 charger will be outside and not in the garage, (we would have done this no matter what EV). Had the ID.4 been available in the AWD version for the extra $7000 or even $10,000 we would have purchased it. As it is the Bolt will be fine as a local vehicle and our hybrid for long trips. The Bolt cost us $17,670 out of pocket after incentives and trade in of a 2016 Ford CMAX SEL.
Hey, I just wanted to drop by and express my heartfelt gratitude for this incredibly informative video! Your insights and explanations were absolutely spot-on, and I genuinely appreciate the effort you put into creating such valuable content. I was particularly intrigued by the study you mentioned regarding the cost of fuel vs EV electric charging costs. If it's possible, could you kindly provide a link to the study in the video description or as a comment? I'm eager to delve deeper into the subject and explore the research further. Keep up the fantastic work, and thank you once again for sharing your knowledge with us!
AI GENERATED LIES
what about the new interest on loans that will sink most on that up front cost?
From my limired experience benefit #1 only applies if you own your own home and can charge off peak or with solar. I had an EV as a rental a few months back and got to experience what it was like having an EV as a renter. The closest charging station was 10 minutes from my hotel and I had to sit around for hours waiting for it to charge. It cost me around $45 to charge from almost empty, just slightly less than the cost to fill my gas tank. When you also consider I get more range from my ICE, there is no way having public charging stations as your only opton will save you money over a gas guzzler.
AI GENERATED LIES
Have you considered the battery replacement cost at the end of 10 years?
NICE PRESENTATION
Excellent Analysis. One of the best I've read. Thank you.
With a probable deadline of 2035, we've decided that between the high cost of an electric, the cost of an upgraded home "faster" charging unit, higher insurance costs, fear of not finding a recharge station, I don't see that big of a rush in this family to buy all-electric. Unless this is a local errand unit, I do not see us buying anything gas, or full electric out here in the Mohave Desert, or for our bi-annual 1200mile trips to BC.
We want to move forward, but not necessarily JUMP forward.
I agree. I will wait. I think the technology will improve. Besides the next president may do away or change the date of 2035..
@@gennyolson2257 I'm pretty sure that would be a State issue. I guess once 90% of the states sign on, then Federal Legislation would be introduced. That is, if there still will be a United States anymore.🥺
Exactly
@@gennyolson2257 Yes! I believe so. Unfortunately Ford is acting like Biden will be president forever.
I think many feel this way. They are open-minded to EVs, but don't mind waiting for the tech to improve further.
I’m surprised at the costs listed for regular cars. I drive an 8yr old Sonata. Spend about $60/mo on gas and over the lifetime of the vehicle have had 8 oil changes @ $60 each + $660 for tires and around 200 for a brake fluid change. Also a couple of air filters @maybe $15-20 each. That’s less than $7200 over 8 yrs that it has cost me.
Granted I drive about half of what the average but still is that is a ridiculously lower number than the ~40000 /10yr in combined costs they listed for an ICE car.
Only $60 for gas a month? I have the same car and pay like $230 a month…. BC, Canada gas is killing me.
Can you talk about pro and cons between hybrid and hybrid plug in. Thanks
hybrids are less expensive. plug ins are more expensive(usually not too far from what a similar fully electric car would cost) but can do a somewhat limited number of miles on electricity from a plug. if u run a plugin on gas alone, it will be less efficent than a normal hybrid. if u run a plugin on electricity alone, it will be less efficent than an electric car. neither require any change in behaviour compared to a gas car when driven long distances. buy a hybrid if u can't charge at home. buy a plug in if u can charge at home but the DC charging infrasturcture isn't sufficent where u r or u drive beyond the cars range regularly or can't get an EV with towing capabilities at the price point. otherwise, go for an EV.
This is the video i need. Which is better hybrid or plug in hybrid
Already have this video! Here you go czcams.com/video/v6m1MuMlzgA/video.html
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hybrid can cost quite a bit more than the petrol counterparts , you also have to take into account that you are only saving on petrol as you still have that petrol motor to service . My wife has a non plug in hybrid , i took it down the drive of my farm yesterday which is about 250m to the road by the timei drove through the front gate , the petrol motor cut in .
I did a simple math then I bought civic sedan sport . My car cost 30k CAD , if I’m going for new EV 45k at lest
For 5 years I might be spend 10k for fuel and maintenance , again it’s less than an EV
If I really need EV I can buy after 5 years with better technology
11:05 Once the price of replacing the battery is factored in, it could easily surpass the costs of an equivalent ICE vehicle or HEV. Battery technology is improving, but we're not at the "Golden Age" of BEVs quite yet. Good thing batteries have improved warranties. Great video!
You don't need to replace batteries at the end of warranties. They lose capacitance over time but you wouldn't need to completely replace the battery
@@vulpixelful Of course not! It’s like replacing a whole engine and/or transmission at the end of the warranty period for an ICE vehicle. However, after the warranty period, should a battery replacement be needed, and factoring in a massive lack of right to repair laws in the US (e.g., Tesla), the average cost to replace a battery for a BEV is 2x more than replacing an engine and sometimes both an engine and transmission for an ICE vehicle.
@@mr_drdave_6265 It's rare that the average EV driver will need that, though. For folks driving ICE cars that need a new engine replacement (or transmission replacement), what do they do? My ICE vehicle is 10 years old, doesn't need huge repairs yet, and I'm _already_ saving for its replacement...
I get what you're saying but you're also pointing things out as if people don't know that their ICE vehicle will _also_ need cash to repair or replace, eventually. EVs never promised to defy the laws of physics.
@@vulpixelful I think we may be on two separate pages here my dude. I’m neither for or against any method of transportation over the other. Universally, as of right now, lithium ion batteries and their respective replacements cost way more than their counterpart. It’s all I’ve been trying to say. Both instances could be rare, I mean, look at the million mile Toyota Tundra for an ICE example. Point is, to the consumer, the cost to replace the battery pack could be seen as a massive barrier to EV adoption due to the simple fact that to replace a battery for a BEV car, on average, it’s about and sometimes over $20,000 USD in comparison to about half of that for an engine and/or transmission replacement.
@@vulpixelful I agree with your last point though. If we look at the actual chemistry behind batteries, one would be able to easily tell that batteries (e.g., lithium ion batteries) don’t last forever. In fact, over the course of years or decades with multiple charges, the battery degrades and will get to a point where it’s not longer serviceable without replacement. Cars aren’t meant to last forever, for sure, but when it comes down to long term ownership (which is what I’ve been referring to, if leasing then this whole discussion really doesn’t matter) battery replacement is a massive barrier to mass EV adoption.
One of the problems with EVs is that you don't see this kind of info about the pros and cons in the mainstream media. They are punching it like it was a hot pancake.
How long to fully charge while an extended trip? COST?
(instant torque, proper suspension, low center of gravity and the moment of inertia makes it possible to avoid all accidents )
Thanks. Great video! I would probably consider buying an EV as a "commuter car" and the price was similar to a gas vehicle. I do wonder about how the old batteries are disposed of and if they can be recycled.
They can be recycled/used for other applications
You have brought up a very important social issue. Battery components like Cobalt, are mined in poor African countries. These mines are very dangerous. Children are often used as employees!!! These moral issues will have to be solved before E.V.'s are truly ethical!
What is the comparison in the scraping out of a worn-out ev to gas included environmental concerns
But, if the EV is 30000 higher than the gas car, where is the overall savings? TOTAL BS.
EV simply way too expensive I'll definite go for hybrid
There are 30k electric cars, so you're just incorrect here. Your payment per month including fuel is cheaper.
I think about buy a electric car, but will not buy one until I get my own house. And I don't mind to wait, because I know electric products always get cheaper later, especial the new technology products.
Hybrids is the way to go now , until EV get more range.
I'm really interested in toyota lineup of Hybrids and I think I need a transition period before jumping the EV wagon.
Right now, electricity prices are sky high in Europe…dam it 😢
Thanks to Time's 2022 man for the year
Here in cali, the Bolt is $27K without incentives and there are a few low $40K EVs available
EVs are still in need of better battery capacity, and long-range delivery, and require environmentally safe disposal. The concept is nice but logically not ideal for the world at present. When on the road and away from home and in an area that provides charging or maybe not, taking 8 to 10 hours to charge the EV's battery, what will you do and where will you go while waiting for your EV to charge up.
The expense of electricity is relatively less than the cost of fossil fuel however, factor in the high cost of purchasing an EV does not justify the cost as it is cheaper or more affordable to have gasoline/diesel-fueled vehicles. What happens when the electric grid goes down (Black or Brown Out) or a bad storm such as Hurricane Ian? Our gas vehicles provide more convenience. The savings of a typical fossil fuel vehicle is much better than owning an EV in our present-day society. Recently, Toyota gave up on producing EVs which is a good thing and a smart move.
Since this video is about electric vs ICE I think anyone interested should watch on CZcams “The Contradictions Of Battery Operated Vehicles”, a TEDX lecture and is not very long.
Great review as always. As a personal comment, it would help the electric car industry if manufacturers would focus on range rather than on horse power. An electric car with 200 HP can have a longer range than a car with 400 HP. Who needs 400 HP ? A much larger and heavier battery is needed. This is a waist of resources. If you decided to go for an electric car, make sure there is a thermopump to heat the cabin, and that the battery is thermoregulated, especially if you live in a cold climate.
What electric cars can I take to u-haul to put a hitch on it ? What electric cars provide the most miles on a full charge ? What ev's that a hitch can't be put on to tow stuff ?
What is the cost of fixing hybrids? it's twice as complicated as gas or EV, looks like a catch 22. Maybe a cheep small gas car is a beter option than hybrid overall?
Thanks for the education of EV I will keep my 1950 Ford truck which I can maintain with a screw driver and wrench
Shari, You mention that EVs lose range in cold weather. However, you did not address how living in a desert may affect range or the life of the battery. I live in the Mojave Desert and would appreciate learning how the heat of our summers (and running the air conditioning for three or more months) would impact the range of the vehicle and the life of the battery. Thank you. 🙏
Yours is a genuine concern. The battery management systems in use now are much better than the fiasco of the Nissan leaf. There are two major types of temperature control for EVs. One is "passive cooling" like the early Leaf, the other is "active cooling". Some vehicles like the F150 Lightning has three thermal management systems. One for the motors and high power electronics, another for the battery and one for the passengers. The battery system, which is liquid managed can heat or cool the pack as needed, regardless of the outside temp, including when you are charging or warming up the battery before you go to drive it in extreme cold. Yes, you do lose some range in extreme temps, hot or cold. Hope this helps.
@@babaluto I appreciate your response. Do you know if the intense heat will shorten the life of the battery? Our average temperature in July and August is 105 degrees Fahrenheit. That’s the average, our record high is 115 degrees.
@@Susan-wy7rk I used to live in the Mohave, in Wikiup. Super hot. As I explained, yes, the newer EVs have the ability to handle extreme heat just fine. Cheers
Batteries can have a Melt Down (rupture) if they get too hot or Drain - loss of power when it's Cold. That is why a cooling/heat system is set up to regulate operating temperature.
The problem is charging time and the convenience of recharging stations across the U.S. and other countries. For now, you could opt to buy a Hybrid but I would presently avoid an EV.
Toyota recently decided to not produce EVs.
AC use would typically decrease the range by about 10%. Battery life should not decrease much from extra heat as long as the battery is liquid cooled. The thing is that you have to do some digging to find out what kind of battery cooling is installed in each EV, as for some reason this information is not advertised. For cooler places I would say a heat pump system would be a must for an EV
Between government rebates, tax exemptions for salary packaging and fuel costs the difference between a Tesla model 3 and BMW 218i (both circa $45000 US inc. taxes) in Australia for a 5 year packaged lease and 15,000 km (9,400 mi) per year is a staggering ($A44,000) $29,500 to the advantage of the Tesla.
Nice video
It really depends where you live , if you own a home , your daily commute and new or used EV.
I purchased a used bmw i3 for 12K and I commute 42miles a day . So its under $3 a night so that's $780 a year but really less since volta is across the street with free 2hr charging vs my car was $3,380 a year plus oil changes and any other repair in those 3 years so if my battery went bad in 5 years I could use those savings and purchase a new battery and basically have a new car with a 10yr/100k miles warranty.
It is too early to buy electric car since the infrastructure are not built yet. For me I should wait at least two years
For DIY person like me we save more money on ICE car than EV or Hybrid. For both EV and Hybrid you need to pay lot upfront and for hybrid repair is super expensive. For now if you are a DIY like oil change, Transmission oil change break go for ICE. I have two merecedes and one lexus I do all DIY and it cost super cheap to me
I used to do my oil changes and maintenance. Owning an EV still saves me time, money and headaches
i have a motorcycle for all of my short range stuff. I only use my car for carrying camping gear or hauling my kayaks over long distances, almost always to rural areas with no charging. I absolutely refuse to stop for more than 5 minutes at a time on a long road trip. the only long stop I do is at my destination. ev's are going to have to start hitting 500 miles of range and come down another 30K on average in price before I would ever consider one
Government rebates thats right, so the consumers pays after all because governments has to raise taxes to get the money to offer rebates.
If it's for commuting to work every day, and you can afford a car, a charger and a hybrid to leave town in, then its terrific. l'm not considering an EV or an I.C.E., but l'm all in on a regular hybrid.
I do find it fascinating when looking at these comparisons. EVs are being promoted unendingly while Ice cars are being discouraged and penalised with massive financial tariffs being imposed. Better,,,,,worse,,,, we'll never know in reality as the playing field is not level.
Awesome video. I had considered an EV. But for all the reasons you said think I'll get a hybrid or petrol car and my an EV in 5 years
I'm waiting for a realistic EV. There are only big fat SUVs with overrated engines. So long. The option for me is my Toyota Hybrid. Thanks for this video 😊
My daily driver is a 2022 Toyota RAV 4 Hybrid XLE. In June-July I got 44mpg a few times. Mixed 250 mi!e road trips, with some city driving. I live in a cold climate, so my mpg has dropped noticeably, but still beats my last car, a Subaru Crosstrek.
What about the cost of auto insurance?
There are also issues related to ever-improving battery technology that will greatly affect the value of current vehicles. Massive depreciation will be a serious problem.
We have a hybrid (Lexus) and an EV (Tesla M3).
We live in Sweden and have proper winters, but also fossil-free electricity.
My wife takes my car, the Tesla, whenever it is available.
She want to change the Lexus for an EV - because it is so much better during winter! The heating is very much better than a petrol car.
I have owned 14 cars and rented 100, even so, I love my Tesla, nothing I have tried beats it.
Range anxiety does not bother me even at long trips on a freezing winter day. If I have to stop and eat every 3 hours I do not see the problem. It’s good for my body.
Note that if you cannot charge at home, a hybrid is better.
/Mats
As a owner of a electric car, and a gas car, I will tell people to do their research! Because what they don't tell you, that 15,000 a year that you save in gas, you're wasting time charging! Also there aren't many charged points most of them are always full! And it can take anywhere from an hour to 12 hours to fully charge your car, there are times where I completely loved my electric vehicle, and there are times where I am so glad I have a gas vehicle and can just stop and fill her up in 5 minutes! LOL you definitely pay for convenience in this topic
I drive a Toyota tundra 2004 and I haven't spent near 21 thousand dollars on it in maintenance and repair since March 04, not even on a ten thousand dollar battery...
Perfect explanation also valido in Italy
Deciding to purchase an EV over a Gasoline or Diesel vehicle is nothing more than simple math. Most EVs cost twice as much as their relative gasoline counter part. a conventional gas vehicle can be acquired for $25k and a low end EV for $50k
Take the $25k variance and invest it at a simple 5 percent over 7 years, and we discover that the investment has a return rate of over $10k with an end result of $35+k over that 7 years.
The expenditure for gasoline over one year for a vehicle that is driven 20k miles per year, would be $2800 to $3100 per year.
.......
Gasoline vehicle advantage in financial costs over and EV, simple purchase price variance and energy cost variance based upon nominal and higher gasoline and electrical costs.
1- Gasoline car variance 1 over 7 years = $2,800 gasoline - $500 in EV charging cost = $2300 yr ... Over 7 years = $16,100 in gasoline
2- Gasoline car variance 2 over 7 years = $3,100 gasoline - $600 in EV charging cost = $2500 yr .... Over 7 years = $17,500 in gasoline
.....
Offsetting the gasoline expense by the $25k investment growth over 7 years we have
1- $35,000 - $16,100 = $18,900 advantage to the gasoline vehicle owner over the EV purchase
2- $35,000 - $17,500 -= $17,500 advantage to the gasoline vehicle owner over the EV purchase
.......
Therefore the gasoline vehicle purchase over time, will always advantage the owner financially, over an EV purchase.
If you want to save money or the environment, the answer is NOT a full EV ... YET. However there are many other reasons to buy an EV now, like how much fun you have driving them. Another thing is that an EV can be more expensive to drive per mile if you drive away from home, depending on where on Earth do you live
Your videos are some of the best around.
Thank you
The cost of driving is about 20 % less (current cost in Germany):
- Petrol engine (VW Golf) consumes 5,3 l/ 100 km, which costs 1,9 € /l -> 100 km cost ~ 10 €
- Diesel engine (VW Golf) consumes 4,5 l / 100 km which costs 2,1 €/l -> 100 km cost ~ 9,5 €
- Electric motor (VW ID 3) consumes 19,3 kWh / 100 km which costs 0,4 €/kWh -> 100 km cost ~ 7,7 €
So if you typically drive 15.000 km a year you'd save about 300 €. Plus, when you are able to charge the car using your own solar plant on the roof, electricity can be produced at about 0,13 € / kWh, so the 100 km would cost only 2,5 €, which will obviously only work in the summer season.
The only question is durability. The normal Golf would last at least 25 years with very low mainainance cost (oil change can be easily done by yourself). But would the ID3 battery last that long?? Because if you have to buy a new battery after 10 years, all your savings might be gone in one run,
if you live in an apartment i could understand that EV might not yet be ready for you specifically.. however if you have a home or access to a regular socket outside, i dont see how anyone wouldnt want an electric car. I’ve owned everything from Toyota, Subaru, Honda, Chevy, Ford, dodge, etc.. after some thorough research i decided i had to rent one of these teslas on my next vacation to see if EVs were really as bad as people say online and what i saw on tv.. Needless to say, i ordered a tesla model y THE LAST DAY of vacation. This car is like i bought a computer on wheels, feels like when i went from a flip phone to smart phone, film to digital camera.. The range anxiety argument is really only true if you dont have a charger at home or an outlet, because every morning i wake up to a full 240 miles (costs me $53 a month, i only charge it 80% of the way, otherwise it gets around 310 on a full charge). Now getting my wife a mach-e..
i guess what im saying is, yes i understand alot of you on here and that change can be scary and uncertain. I suggest if youre a home owner, go give a tesla a test drive.. you might even surprise yourself.
side note: My favorite feature on the tesla is a thing called smart summon. As my wife and I walk out of a store or restaurant and it’s raining, i can have the car pull its self up to us like a personal butler.. the future is happening infront of us
In Australia an electric vehicle costs about double the cost of the ICE equivalent . In my state , the government charges 2.5 per km road tax which does not apply to ICE vehicles . In my situation it would take about 10 years to recoup the initial cost , which is about the time when i changover the vehicle so there is no point .
Not yet on evs
It doesn’t seem ev is the way to go for me. Thank you for the information so can make a decision that’s good for me
Honda Civic 10th and 11th generations are still the best compact cars to buy when it comes to cost to own, fuel efficiency, interior space and aesthetics vs any version and year of the Model 3.
I can buy a cheap gas car for 18 grand less than the cheapest EV.
But for me the big factor is tax will increase for EV charging as revenue from fuel tax decreases.
My diesel returns 59 mpg average and its a low emission one so here in the UK its road tax exempt.
As for hybrid cars channel 4 did a documentary and found Volatile organic compounds (VOC) were worse for hybrids than many diesels.
Its not as cut an dry as EV good internal combustion bad.
I'll let you check out South Americas lithium fields
Well mate you did not mention the cost of insurance, tyre wear, and having to wait for charging spaces and the fact that as I saw in a recent video those points are in many cases not working or are damaged. Frankly the risk of fire is frightening plus the fact that they depreciate so rapidly and the cost of replacing the battery. The cost of producing them and the impact on the environment is also equally frightening. I also have to add that here in Australia there in not the infrastructure to be a viable choice as in places like me those who live in a rural area.
It will be hydrogen or hybrids in the future. Imagine if everyone had 1, 2 or even 3 cars per family and at the end of your day everyone plugs in their cars. There would be blackouts all the time. Here (montreal) in the winter on cold days u r asked to lower your consumption of electricty because the grid is overloaded. Many other reasons ev's r not practical.
Tesla model 3 is 40k before the 7500 incentive. The new version coming out soon may have increased range and better cold weather battery.
I have a pretty Ideal situation for EV use, I live in a place with very moderate temperatures, I have a solar system in my home. We have one Long range Electric vehicle that gets 300 miles and a PHEV that gets about 50 miles of range. Having already paid for the solar panels, the electricity is free for us. My Wife works for an airline so we get good deals on flights and there is no reason to take long road trips, so the PHEV's gas engine is just a back-up plan when we want to go somewhere but the Batteries are running low, and we don't have time to wait at a supercharger. I am pretty much immune to fluctuating energy costs. Of course I could buy a lot of gas for the price I've payed for my Solar system and vehicles, but when you consider performance, comfort and luxury amenities, it's really more fair to compare the cost of a Model-3 to the Cost of something more like a 3-series or an A-4 than to compare it to the price of a Corolla or Civic, or Prius. Also, an owned, not leased Solar system increases the value of a home in addition to the fact that I'm not paying for utilities.
Blah blah blah blah.
How about iif they where to use hydrogen on a hybrid insted of gas like their trying on the big rigs. Hydrogen is much cleaner to the invironment then gasoline..
Great video! Very informative. All things considered, internal combustion engines will continue to dominate the African continent for a while longer than everywhere else.
The simple answer is no, not at current prices and severe depreciation that effects EVs. You will need to drive approx 200,000 miles to recoup the costs. If you compare to really efficient and inexpensive cars, in particular turbo diesels with 60 mpg (US), you will need closer to 600,000 miles. At that point you have purchased at least 1, possibly, 2 batteries and you will never recover costs
Finally a non bias video
If you buy a gas car for $50,000 and a Tesla Model 3 costs $95,000 where is the savings?? How is this even an argument. The gas car buyer would have an extra $45,000 to pay for gas and not have to spend at least $12,000 on a new battery for the electric car.
Then you buy thr Tesla model 3 for $40,000 which is the actual cost on the webpage if you had doen any actual research. Then if you are in the US you also get a $7,500 tax credit so the car actually costs you $32,500 and you automatically saved $17,500 over the gas car.
@@ryan6391🙄
Thank you, keeping a car for 10 years? That is too long!!
@@EpicDrew15 the maintenance cost ( other than oil change) will be high, paying $100 per hour labor and expensive parts!!! The dealership make money on services and parts, after the warranty is over , you have to pay out of pocket! I have a car ( three years old) , already one of the airbags is not working, warranty will cover now but imagine if it happened at the end of warranty?$$$$
I drive one hour to work two hours round trip and spend $ 400 a month on gas .
I think a few things have to be mentioned…… Most of these cars only get sold because the government subsidizes them therefore, it is unlikely they would ever be able to stand on their own because it would be too expensive and it actually may be unconstitutional for the government to do so….Why not subsidize Dodge Ford Chevy or anyone else? Next, and you didn't mention this, is that I often see reports of these cars catching fire, far more frequent than hybrids or gas vehicles. And finally, there is an excellent point to be made that electric vehicles are worse for the environment….After all, where do you think the majority of that electricity comes from.
Absolutely this. I for sure wouldn't have my PHEV without the rebates in my area because it makes zero financial sense without them. Even with them it was a pretty tough sell but I'm a sucker for gadgets and tech toys.
You forgot to mention gasoline car like Audi and BMW. Especially Audi leaks oil and then to replace gaskets. It's going to cost you a lot of money. A lot of people who owns Hyundai or drive really hard also burn their piston by grinding them too hard by high pressure driving and that pretty much bye-bye engine and a huge pollution problem. Those cars that have octopus ink coming from the back
"EVs are so expensive." Yet, I see a lot of BMWs, Mercedes SUVs, and giant Ford F250s, etc. on the roads locally. All cost about the same as a Tesla 3 or Y or more. Fuel for them is 3 to 4 times as much as for the Tesla.