And $125,000.
It’s a subtle and bizarre thing.
EVs may make some sense for city dwellers. Their distances are short. They weren’t burning much gasoline anyway.
Advertised range between multi hour recharge in EVs is hyped to the point of outright inaccuracy. The issue is winter. The battery loses capacity at low temp, but it can use some power to keep itself warm. That costs range, but that’s not the big range cost. The big range cost is keeping you warm in the cabin. That can chop range 40%.
Range quotes presume you drive in a heavy coat and have the heat turned off.
Battery replacement cost is a big deal and it generates steep depreciation. The cult types throw this number away because the intro companies claimed to provide free replacement. Not going to happen.
Conventional car loses 40% of its value in 3 years. An EV typical depreciation is . . . hard to quote because the cult surrounds it and tries to extract battery replacement cost from the number, moving that cost to maintenance. Depreciation will be about . . . about . . . 55% in 3 yrs. The really big problem with this is EVs cost much more on day 1, so the 55% is off of a higher number.
“And $125,000.”
Base: $79,995