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To: roadcat

Using your model of just driving 10-20 miles a day, why would you bother to drop $35000 on a econobox when you could buy one for $15,000. Your fuel cost to electricity ratio would never come close to equilibrium of the extra car cost.

When the Chevy Volt came out, I did the math compared to a Chevy Cruze (same platform)

The equilibrium point is about 300,000 miles and doesn’t take into account buying new batteries. (A GM engineer buddy ran the numbers too and came up at 300,000 miles as well)

Because batteries are such an expensive part of the car, resale value is about zero.

If you only do 10 miles a day in town. a small used car is a far better option, unless you want to be admired for your earth saving skills, until you figure out that your car is powered by burnt coal.


193 posted on 03/08/2021 5:54:27 AM PST by cyclotic (Live your life in such a way that they hate you as much as they hated Rush Limbaugh)
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To: cyclotic
I hate econobox cars. Had them in the past, nothing but trouble. Besides the puny torque and speed, the mechanicals need constant maintenance. As for my EV, it's very fast off the line and quick to respond. I've gone on 200 mile trips without problems. Quiet, very low maintenance other than tires and wipers. Regenerative braking saves on brakes and replenishes the batteries. I don't worry about resale value, as I generally keep my cars for 20 to 25 years and get full value from them. My truck is 20, my sports car is 25. I maintain them, and have rebuilt my engines myself on other cars I had. As we drive less than 10 miles a day, our EV is perfect for errands around the city. We don't have to wait in lines at a gas station, and simply charge it every couple weeks at home. The ICE cars are more problematic, having to deal with ethanol gas that goes bad and fouls the fuel injectors, not to mention the engine tuneups and oil changes. My brother-in-law has a Ford ICE truck and has paid out tens of thousands in mechanical repairs over the last 20 years, buying that was a bad bet for him.

One of my daughters has a hybrid car, it's 14 years old and still drives like new. She replaced the batteries a few years ago and it cost her only $1500. She's extremely happy with the low maintenance costs, having driven it multiple times between California, Kansas, Iowa and Texas.

I think the fighting between ICE and EV camps is destructive and full of erroneous bias. There is room for both types of cars. As I said, I think it will end up a three-to-one ratio of ICE and EV vehicles.

293 posted on 03/08/2021 11:59:39 AM PST by roadcat
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To: cyclotic

“Because batteries are such an expensive part of the car, resale value is about zero.”

Facts, please ....


This is one reason why Tesla Motors, with a three-vehicle lineup that boasts the most miles per charge among all current EVs, boasts excellent resale values. The top EV in this regard is the popular Tesla Model 3, with a 310-mile range in its Long Range iteration, It’s expected to retain 64.3% of its original worth after three years. That’s within striking distance of the model KBB cites as having the best three-year trade in value among all vehicles, the Toyota Tacoma pickup truck at 69.4%.

The average three-year residual value among all new vehicles, according to KBB, is 51.7%.

https://www.forbes.com/sites/jimgorzelany/2019/03/25/heres-why-electric-car-resale-values-are-on-the-upswing/?sh=2fb141a6af39


417 posted on 03/09/2021 9:34:27 AM PST by TexasGator (Z1z)
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