this post was submitted on 25 Oct 2024
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[Dormant] Electric Vehicles
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$50+K to start. Maybe there’s a market for it, but how the hell is anyone affording vehicles these days? Even if you stretch the payments out 72 months, you’re at $700+ a month. Add insurance, charging, etc. you are easily over $1000 a month.
New vehicles have always been far too expensive for a lot of people. Expecting even the lower middle class to buy new is misguided. I'm 44. I think I've know people who bought new, 3 times. I've never bought a new car in my life.
Used EVs are looking like not as good a deal as used ICE vehicles due to the battery replacement costs.
The standard battery warranty now is 10years and 100,000miles, with >80% of battery life.
Battery replacement is less of an issue than fear of battery replacement, when buying used EVs.
The car I'm driving is 25 years old
Then it's well out of the warranty period also. And longterm maintenance costs are much more on ICEs than EVs. You'll save more over time, even with the larger one time cost on your second battery.
You seem so certain of that, but the numbers don't add up when I run them.
What are your numbers?