Here's Why My Next Car Will DEFINITELY BE an EV

Motley Fool ^ | by Cole Tretheway | Published on March 16, 2023

[punknpuss]

What does the increase in your monthly energy bill look like if you charge it every night at home? I know it depends on your provider and where you live but what would the average increase look like? And how much do you pay at a charging station?

I’m not looking to buy an EV, just curious. It’s not like energy is free when charging these things.

[Big Red Badger]

Oh Well then Now I’m convinced!
.BORG

[Blueflag]

“Home charging: I live in a house and am happy to splurge on an at-home charger to charge my EV overnight. “

Depending on the home, he/she is looking at about $5K to upgrade the breaker panel (60 AMP breaker for Tesla), run 4 Ga wire to code, and purchase/mount the charger.

disclosure: we have owned a plug-in vehicle since 2015, and my brother just bought a Mach E and had to spend $5K to do all of the above.

[Libloather]

Electricity is much cheaper than gas.

Works for the Motley Fool.

[rktman]

Works for some folks in some situations. Me? Dinosaur.

[Bloody Sam Roberts]

Low hassle Electric cars require less work. They're easier and cheaper to maintain than conventional cars.

Ahem. If/when your battery needs replacing, the cost to you would be enough to replace the engine and transmission on an ICE powered vehicle.

And if this person is concerned with environmental matters, where doe he/she think the old batteries go?

[Stosh]

From the article: “ . . . I’m also fortunate in that I drive little . . .”

Well now that might make a bit of a difference.

[dfwgator]

Ahem. If/when your battery needs replacing, the cost to you would be enough to replace the engine and transmission on an ICE powered vehicle.

And good luck trying to sell it.

[FreedomPoster]

Seems high. I guess it could run up if the panel is down in the basement a long way from the garage, or if you had to upgrade the service. Or live in an area that basically requires union electricians, like Chicago.

[HighSierra5]

Try towing trailers uphill.

[dfwgator]

Believe me, you think gasoline taxes are high now, you ain’t seen nothing yet.

[Libloather]

Are you two related? Obviously one is bigger than the other.

[AAABEST]

I lease a 2021 Toyota Corolla Hybrid...

Metros and pajama boys who write useless articles for a living can make EVs work for them.

The rest of us not so much.

[Jimmy Valentine]

And when your battery gives out your automobile is worth nothing. You may even have to pay for recycling the battery core.

[dfwgator]

That’s why the only way I would get an EV is to lease it. Make it somebody else’s headache.

[Red Badger]

Nope.......................

[Lockbox]

The Founding member of the keep Congolese children mining Cobalt society…….

[1Old Pro]

In a decade EV’s will be a thing, not now.

[HartleyMBaldwin]

I'm also fortunate in that I drive little...

Key quote. Also, the writer makes no mention of long trips. An EV may well be the best choice for this person, but that doesn't mean they're best for everyone all the time.