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To: Tell It Right

[[unless he drives it enough to make the gas savings worth it. ]]

How much would,one have to drive a $60,000 ev to make up for gas $$ savings? Can get a gas vehicle of similar build quality for around $20,000.

Also, from what I understand, tires last only about 8,000 miles or so on evs (not sure why really). Seems like that would add more $$ to an evs overall yearly cost compared to gas cars which get around 30,000 or more miles on set of tires


56 posted on 03/28/2024 7:18:30 AM PDT by Bob434
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To: Bob434
How much would,one have to drive a $60,000 ev to make up for gas $$ savings? Can get a gas vehicle of similar build quality for around $20,000. Also, from what I understand, tires last only about 8,000 miles or so on evs (not sure why really). Seems like that would add more $$ to an evs overall yearly cost compared to gas cars which get around 30,000 or more miles on set of tires

I did the math 2 years ago when it was time to replace my wife's old gas crossover anyway. Here's what I was looking at then.

$10K to get a used crossover with less than 100K miles getting 15mpg. $45K for a new gas crossover that would get probably real world 25mpg. $55K for a new EV crossover without the luxury extras, plus another $2K to add a home charger, that would get 3.5 miles/kWh, minus the $7,500 EV tax credit and call it $50K for the EV.

Gas was $5/gallon back then, but I expected it to go down to about $3.50/gallon, so I went with that. But let's go with $3/gallon since that's what I have locally (translation: it's an election year so Biden's handlers are letting energy go down temporarily). If I had gotten the $45K gas crossover getting 30mpg, drove it 12K miles per year, getting $65 oil changes every 5K miles, it'd cost $1,584 annually to drive it. But my EV crossover would cost $549 on my power bill (16 cents per kW) to drive it 12K miles (pretending I don't have solar providing 80% of my power homemade). A difference of $1,000 per year. But change that to 14K miles and the difference is $1,200/year. So in 10 years you save $12K. Of course if gas goes up again the savings is more. IMHO, that makes up for replacing the battery at 10-12 years (as long as you don't get an EV with expensive battery replacement).

As far as tire wear goes, my EV crossover weighs 10% more than the gas crossover it replaced, and 5% less than our gas pickup. The tire wear on the EV seems to confirm that. Plus with the EV doing most braking through regen braking, the brake pads wear less. So I counted the 10% more in tire expense more than made up for in lower brake expense.

At least that's my experience (we drove ours 26K miles last year, with 16K miles charged at home). I don't recommend EV's for everyone. And I'm certainly against the Dims' forcing and incentivizing EV's. But it's safe to say that in a free market there are use cases where an EV makes sense.

68 posted on 03/28/2024 7:55:43 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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