EVs No Longer an Economic Alternative to ICEs As Supercharging Rates Go Through the Roof

[Dashinka 24,718]

Another interesting economic view of buying an EV.

 

Who Can Afford a Tesla, Ford or Chevy Electric Vehicle?

 

https://www.thestreet.com/investing/who-can-afford-a-tesla-ford-or-chevy-electric-vehicle

[Mike E 11,742]

FTA:

 

“And how much does one need to earn annually to afford a Tesla? A buyer seeking to purchase a Tesla Model 3 for $47,690 would need to earn about $111,000 annually, or $6,562 take-home to cover the $652 monthly payment.”

 

https://www.consumerreports.org/car-pricing-negotiation/average-new-car-price-all-time-high-a4060089312/

“

Average New-Car Price Tops $47,000, an All-Time High

A Consumer Reports analysis helps car shoppers find the best deals amid record prices

By Benjamin Preston, Jeff S. BartlettPublished October 15, 2021 | Updated January 21, 2022”

 

Take a close look at the date of that article.  
 

So if you

 

* are buying new 

* have a private garage

 

* can provision a 240V/30A or 240V/50A circuit in that garage 

 

* aren’t filling that garage with stuff other than cars like most people in homes without basements do (I’ve lived in California a combined 15 years, never have parked my car anywhere but in a garage, never will),

 

* aren’t using your car for primarily road trips, and

 

* don’t live in the snow belt

 

then it clearly a practical EV (I.e. a Tesla) is no less affordable than an ICE.  And considering you won’t be paying for oil changes, brakes, transmission fluid changes, spark plugs, alternators, solenoids, radiators, piston rings, head gaskets, push rods, $4-$7 equivalent per gallon of gas, etc an EV is actually vastly cheaper. 
 

Granted it is a lot of IFs.  But it fits my profile.  So I have an EV.  Bonus is  it has life time super charging and unless another car totals it, I will probably die before it does. And so it gets used for road trips.  
 

For the cost of entry and maintenance reasons I’ve noted, a used EV likely costs more than used ICE from the same model year and same MSRP.  So I will concede that used EVs are still too expensive.  
 

There just aren’t that many 2017 Teslas around compared to the number of new ones being made.  And yes I am totally dismissing  every other EV maker besides Tesla, because they have missed their market window and the greed of their dealers have ruined what little brand loyalty they had.  

 

[Dashinka 24,718]

3 hours ago, Mike E said:

FTA:

 

“And how much does one need to earn annually to afford a Tesla? A buyer seeking to purchase a Tesla Model 3 for $47,690 would need to earn about $111,000 annually, or $6,562 take-home to cover the $652 monthly payment.”

 

https://www.consumerreports.org/car-pricing-negotiation/average-new-car-price-all-time-high-a4060089312/

“

Average New-Car Price Tops $47,000, an All-Time High

A Consumer Reports analysis helps car shoppers find the best deals amid record prices

By Benjamin Preston, Jeff S. BartlettPublished October 15, 2021 | Updated January 21, 2022”

 

Take a close look at the date of that article.  
 

So if you

 

* are buying new 

* have a private garage

 

* can provision a 240V/30A or 240V/50A circuit in that garage 

 

* aren’t filling that garage with stuff other than cars like most people in homes without basements do (I’ve lived in California a combined 15 years, never have parked my car anywhere but in a garage, never will),

 

* aren’t using your car for primarily road trips, and

 

* don’t live in the snow belt

 

then it clearly a practical EV (I.e. a Tesla) is no less affordable than an ICE.  And considering you won’t be paying for oil changes, brakes, transmission fluid changes, spark plugs, alternators, solenoids, radiators, piston rings, head gaskets, push rods, $4-$7 equivalent per gallon of gas, etc an EV is actually vastly cheaper. 
 

Granted it is a lot of IFs.  But it fits my profile.  So I have an EV.  Bonus is  it has life time super charging and unless another car totals it, I will probably die before it does. And so it gets used for road trips.  
 

For the cost of entry and maintenance reasons I’ve noted, a used EV likely costs more than used ICE from the same model year and same MSRP.  So I will concede that used EVs are still too expensive.  
 

There just aren’t that many 2017 Teslas around compared to the number of new ones being made.  And yes I am totally dismissing  every other EV maker besides Tesla, because they have missed their market window and the greed of their dealers have ruined what little brand loyalty they had.  

 

I completely agree, EVs will work for some, potentially many, and Tesla certainly is leading the way.  I have never been a big fan of their styling, but early adopters tend to overlook things like that,  Which Model do you have?  About 3 miles from me is a Tesla dealership/service location, so I see a lot of Tesla's around the area here.  My neighbor recently sold her Toyota and got a Model Y.  The funny thing is her boyfriend has a Subaru, and whenever they take a road trip that is the vehicle they take.  I am curious if Tesla will continue to increase the amount of service centers in the future.  I know when they started, they would either do the service work on-site or get the vehicle and take it to a central location, but as they grow further, that model is not really sustainable except for maybe their highest paying customers.  I know in MI, they are limited as to how they can conduct sales, but even EVs can have issues such as interior problems with seats, or other class A surfaces (i.e. it is not all software).

 

I need to get my wife a new car soon, and I considered an EV based on her driving, but for what she wants (pretty much all the bells and whistles), and the fact that we will only keep it for a minimum of 3.5 years, the business case for an EV did not make sense.  Sure we would save money over those 3.5 years, but not enough to overcome the difference in the MSRP for comparably equipped ICE or EV vehicles.  Plus our electric service is maxed right now, so I would either need to bring in another 50A+ service, or get an electrician in and juggle the current box (we are all electric except for the HWH, and Furnace).

[Nature Boy 2.0 8,378]

On 5/17/2022 at 10:26 PM, LIBrty4all said:

You realize that an EV Mustang (fugly, IMO) will blow your old Mustangs outta the water off the line?  The older ICE 'Stangs will feel more like Pintos.

Now that Biden is at 26% approval rating do you regret voting for him ?

[LIBrty4all 3,754]

50 minutes ago, Nature Boy 2.0 said:

Now that Biden is at 26% approval rating do you regret voting for him ?

Hey, my vote got rid of all those mean tweets, so you're WELCOME!

 

That's just among Hispanics, but nice try.  The rest of us have him at 38%...

 

 

[Neonred 3,613]

1 hour ago, LIBrty4all said:

That's just among Hispanics, but nice try.  The rest of us have him at 38%...

 

 

I'm having a real hard time believing that 38% actually approve.

[Neonred 3,613]

8 hours ago, Mike E said:

FTA:

 

“And how much does one need to earn annually to afford a Tesla? A buyer seeking to purchase a Tesla Model 3 for $47,690 would need to earn about $111,000 annually, or $6,562 take-home to cover the $652 monthly payment.”

 

https://www.consumerreports.org/car-pricing-negotiation/average-new-car-price-all-time-high-a4060089312/

“

Average New-Car Price Tops $47,000, an All-Time High

A Consumer Reports analysis helps car shoppers find the best deals amid record prices

By Benjamin Preston, Jeff S. BartlettPublished October 15, 2021 | Updated January 21, 2022”

 

Take a close look at the date of that article.  
 

So if you

 

* are buying new 

* have a private garage

 

* can provision a 240V/30A or 240V/50A circuit in that garage 

 

* aren’t filling that garage with stuff other than cars like most people in homes without basements do (I’ve lived in California a combined 15 years, never have parked my car anywhere but in a garage, never will),

 

* aren’t using your car for primarily road trips, and

 

* don’t live in the snow belt

 

then it clearly a practical EV (I.e. a Tesla) is no less affordable than an ICE.  And considering you won’t be paying for oil changes, brakes, transmission fluid changes, spark plugs, alternators, solenoids, radiators, piston rings, head gaskets, push rods, $4-$7 equivalent per gallon of gas, etc an EV is actually vastly cheaper. 
 

Granted it is a lot of IFs.  But it fits my profile.  So I have an EV.  Bonus is  it has life time super charging and unless another car totals it, I will probably die before it does. And so it gets used for road trips.  
 

For the cost of entry and maintenance reasons I’ve noted, a used EV likely costs more than used ICE from the same model year and same MSRP.  So I will concede that used EVs are still too expensive.  
 

There just aren’t that many 2017 Teslas around compared to the number of new ones being made.  And yes I am totally dismissing  every other EV maker besides Tesla, because they have missed their market window and the greed of their dealers have ruined what little brand loyalty they had.  

 

Have not been very interested in buying an EV.  I've had a Toyota Camry hybrid in the past and that's the way I would probably go in the future (hybrid).

 

Got a friend with a Tesla 3 and wife and I went on a trip with him and his wife across the state.  Did not like that car at all.  

 

My daughter ordered a model Y last November and hopes to have it in the next month or so.

 

I had toyed with the idea of putting down a $250 deposit on a Fisker Ocean but my wife let me know I was NOT going to be so foolish (that's the mild version).

[Nature Boy 2.0 8,378]

2 hours ago, LIBrty4all said:

Hey, my vote got rid of all those mean tweets, so you're WELCOME!

 

That's just among Hispanics, but nice try.  The rest of us have him at 38%...

 

 

Yeah my buddy at work clarified that. They were counting on the Hispanics in case the African Americans ever figure out the whole world is not racist and how bad the dems have been screwing them.

 

Elon has been nailing it lately.  Expect the dems and media to go in full attack mode

[Boiler 45,923]

4 minutes ago, Nature Boy 2.0 said:

Elon has been nailing it lately.  Expect the dems and media to go in full attack mode

I thought it would take longer but they already have.

[TBoneTX 45,873]

3 hours ago, Neonred said:

I'm having a real hard time believing that 38% actually approve.

Probably most of them are those who would vote for (anyone, any criminal, any incompetent) with a "D" after their name.  The rest may be suburban wine moms who prize "no mean tweets" over things that actually affect their everyday lives.

[Dashinka 24,718]

9 hours ago, Boiler said:

I thought it would take longer but they already have.

They can be lightning fast when they want.  It’s not like Elon is a hungry baby.

[B_J 2,752]

18 hours ago, Neonred said:

I'm having a real hard time believing that 38% actually approve.

I think it's really 38% who are just too stubborn to admit they messed up.

[Neonred 3,613]

12 minutes ago, B_J said:

I think it's really 38% who are just too stubborn to admit they messed up.

What could they possibly approve of?  Policy on the southern boarder?  Handling of the economy?  Foreign policy?

[B_J 2,752]

He acts Presidential?

[Dashinka 24,718]

29 minutes ago, B_J said:

He acts Presidential?

He does?  President shuffle?