The hidden truths about your electric car

American Thinker ^ | 09/25/2022

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What are the implications of purchasing an electric vehicle (E.V.)? Let's find out.

A new full-size E.V. capable of traveling about 300 miles with a single charge currently sells for about $60,000. Typical E.V. battery replacement after 3–5 years of normal use sells for $10,000–$15,000. This type lithium battery replacement is handled only by an authorized dealership. On the other hand, a new full-size gas vehicle (G.V.) sells for approximately $40,000. Typical battery replacement for the same normal use sells for $100–$150 and can be replaced and installed by the individual owner.

Let's consider the cost of ownership of driving a vehicle 100,000 miles. For the E.V., an 8-hour charge, which is good for a range of about 300 miles, is now about $8 per charge, or about $2,700. The E.V. cost includes a $60,000 initial cost plus the $2,700 charging cost and a $10,000 battery, totaling $72,700. For the G.V., the cost includes $40,000 initial cost plus $300 battery (2) replacements and 4,000 gallons of gasoline, averaging 25 miles per gallon at current gas price of $3.50 per gallon, or $14,000, and $2,000 maintenance, which totals $56,300.

It follows that the price for gasoline would have to be about $7.60 per gallon for ownership cost of the E.V. to be equivalent to that of a traditional G.V. These numbers are part of the hidden truths.

A typical E.V. battery weighs one thousand pounds and is about the size of a car trunk. It contains 25 pounds of lithium; 60 pounds of nickel; 44 pounds of manganese; 30 pounds of cobalt; 200 pounds of copper; and 400 pounds of aluminum, steel, and plastic. This type of battery contains over 6,000 individual lithium-ion cells. The majority of these materials are derived from mining operations worldwide.

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Do you have one?

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They wont go into production for about a year.