No one drives these f’ng EVs. All who drive ICE automobiles and trucks end up subsidizing the EV owners. Who are usually upper middle class. So their EV toy is their second or third automobile.
EVs are what percent of US automobiles? ANSWER >>> 1%
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Key Insights:
Over 2 million electric vehicles have been sold in the United States.
But electric cars still make up just 1% of cars on our roads.
46% of Americans remain unlikely to consider an electric car for their next vehicle.
But the market for electric vehicles still doubled in 2021.
Tesla’s market share for electric vehicles is 66.3%
On average, an electric vehicle costs $10,108 more than a standard vehicle.
But running an EV for 200,000 miles could save you $4,380 compared to a gasoline-powered car.
“running an EV for 200,000 miles could save you $4,380 compared to a gasoline-powered car.”
Those numbers are changing—fast—as electricity costs skyrocket.
Our per kilowatt rate went up 60% in January (northern CT) and I am sure we are not the only ones....
The problem really comes for the poorest people who buy older ICE cars. The most expensive repair for an ICE vehicle is a replacement engine or transmission at around $3k (and it can be done for far less), and with reasonable care those can last 250k miles or more. Making even the most expensive repair cost around a penny a mile.
EV batteries currently cost too much to allow for any kind of extended used market. Coming up with $3k for a new engine is doable for most people. Coming up with $15k to $30k for a new set of batteries? Forget about it.