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To: adorno

“Then, the long-term cost of owning an EV is way more than the comparably equipped ICE vehicle, especially after the initial battery starts going bad an/or starts failing to hold a charge.”

What are the long term costs?

Are you factoring in fuel and maintenance savings?


68 posted on 06/13/2024 1:19:13 PM PDT by TexasGator
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To: TexasGator
What are the long term costs? Are you factoring in fuel and maintenance savings?

That's an easy one.

EVs were initially touted as a way to save on fuel costs. But, the reality is that, when it comes to the 'fuel', ICE cars end up saving on the 'fuel' over the 'fuel' for driving an EV.

Most EVs cost more, and in some cases, a lot more than a comparably equipped ICE vehicle. The EV battery saves on gas? Not so fast!

The battery for an EV is the "fuel" that drives the vehicle. The charge that the battery holds is just another cost to the total fuel cost. When you pay a lot more for an EV, it's mostly because you're "paying up front for the fuel", in the form of a battery. No battery, no fuel. Whereas with an ICE car, you pay as you go, on each filling with gas. I calculated the savings some years back, and ICE cars actually ended saving on fuel, because, the battery plus the recharging will add up to more than an ICE vehicle will consume over a 10 year period. An EV can cost $20,000 to $40,000 more because of the battery, which is in reality the "fuel' or driving force that makes the vehicle move. When the cost of fuel for an ICE car is around $10,000 (give or take) over a 10 year period, the ICE car comes out on top in 'fuel' savings, because, you paid that $20,000-40,000 more for the EV. The battery is the fuel, even if the 'fuel' is hidden.

Then, when the battery has to be replace because it doesn't hold a charge or because it's gone bad, you're going to be putting up another $20,000 or more for the 'additional fuel' cost. In that case, you will have paid more than $40,000 for fuel costs with an EV, and that's a few times more than with an ICE vehicle, perhaps as many as 3-4 times more.

And, when a battery is damaged or suffers water damage, it can't be fixed and must be replaced. Insurance companies try to stay away from insuring EVs because of the many problems with the batteries. And when insurance is available, the insurance for an EV is way more than for ICE vehicles.
People have learned about the many disadvantages of owning EVs, and many of those lessons come from the millions who have owned EVs. Lessons learned the hard way. Millions have decided that, one EV is enough and never again.
76 posted on 06/13/2024 3:31:38 PM PDT by adorno (CCH)
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