How much is the insurance?
My insurance on it is $1300 a year. For comparison, the car it replaced, a 2019 Honda Accord, was $600.
The real issue with electric cars is that, despite their futuristic image, they rely on surprisingly basic technology. The electric motor itself is low tech — simple, very efficient, but hardly innovative. If electric vehicles fully replace traditional ones, we risk losing the deep mechanical expertise and engineering sophistication behind internal combustion engines. That would be a real technological loss in know-how.
The only genuinely advanced component in an electric car is the battery system. Achieving long driving ranges with compact, lightweight batteries that are both reliable and safe... (not exploding) that’s the real technological feat.
It’s worth noting that a conventional car uses only about 30% of the energy from a gallon of gasoline to actually move the vehicle forward — the remaining 70% is lost as heat and other inefficiencies. In contrast, more than 90% of the energy from a fully charged electric vehicle battery is used to propel the car, with only about 10% lost as waste energy.