Here are the reasons it is crazy to buy an EV of hybrid.
Insurance. The insurance market is changing rapidly.
After all the fires it seems the prudent thing would be for insurance to either raise rates to cover potential losses or to stop converge entirely. This includes shipping insurance, building insurance, car insurance and liability insurance.
Depreciation. Regardless of what a great deal you’re getting, you’re losing more money per month on an EV than on any ICE car not made in Russia.
Charging. EV’s might be practical if you charge them at home. But you have no idea if a charger will be available and if it’s working, or compatible, or has a bunch of bikers waiting for you to get out of the car. Biden promised seven billons would be spent on building chargers, but they’ve burned through a lot of money and built darned few.
Social. Remember when all Tesla drivers acted like smug aholes and told you they were saving the planet? More and more places are asking them to park well away from sane people.
Expense. Let’s say you make it to the end of life on your battery. Cough up another $15,000 to $45,000 when the car is only worth a fraction of that, but isn’t worn out or ugly. Not a problem with your ICE car.
There are other reasons, but any one of those should give a potential buyer pause.
All are good points, but some are not material at least for me and my wife. The insurance rate for her Mach-5 is about the same as the Audi Q-5 diesel it replaced, and the charger issue is moot because we charge at home.
Depreciation is a real factor that could improve over time, but for us we’ve never owned a car less than 7 or 8 years, so it’s not a material consideration. As it is, depreciation is pretty much in line with that of high-end (read: German) ICE vehicles.
I’ve never seen any parking segregation for EVs. It might exist but not in my experience.
For me the biggest factor in buying it was the ride, which is tight and firm. For a non-manual transmission car it’s just plain fun to drive. (For my wife, she thought is looked cool, especially in cyber orange.)
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A regular criticism is the steep cost of engine replacement, but it’s not a certain thing. Again speaking from personal experience, my BMW 335i has ran up $25k + in serve expense while under warranty, $6000 under the extended warranty I bought, and probably $5000 more since, so it ain’t a free lunch owning a ICE. My friend and manager’s X5 had its engine blowup on the turnpike from Miami to Orlando. Covered by warranty, it still amounted to a $20,000+ fix.
Ain't it great when you can put the competitor out of business, through legal fiat?
That is the only type of EV I would consider. The batteries that support the regenerative braking are small and don't add that much weight to the car. I imagine they are also much less of an explosion hazard.
I’ll add to the suggestion coal aspect. Instead of enjoying a very competitive market for gas you will now be at the mercy of a single power provider. Who will be at the mercy of government regulators. In many countries like Canada the power providers are a publicly owned utility.
Remember when all Tesla drivers acted like smug aholes and told you they were saving the planet? More and more places are asking them to park well away from sane people
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Not only will I not knowingly park next to one, I won’t even stop next one at a traffic light!