Should you buy a new electric car..

[Hobie]

or go with a gas powered car. What are the true costs and benefits of electric versus gas powered vehicles?

Well lets take a look starting with the price. You will find a new electric car are typically higher-priced than a comparable gas powered car. Right now they are more than $11,000 higher than what you’d pay for a new regular gas-powered car, and nearly $30,000 more if its a compact car. With the price for an electric vehicle over $50,000 on the average.
For example, the 2022 Hyundai Kona Electric starts at $34,000, while the gas-powered model costs just $21,300, so some 20-30 percent0 more. you will find basically the same thing with trucks.

Next how far can you go as the average gas powered cars get 300 to 400 miles per tank depending on the model. Here are some new car prices from the dealer with their miles per charge..

MODEL/BASE PRICE...................../MINIMUM RANGE/MAXIMUM RANGE

2021 BMW i3/$44,450................../153/153

2022 Tesla Model 3/$46,990........./272/353

2022 BMW i4/$55,400................./227/301

2022 Porsche Taycan/$86,700......./199/227

2022 Tesla Model S/$99,990........../396/405

Then you need to look at car insurance as with a higher sticker price on a electric car, you will pay more on insurance as the insurer will need to pay out more in an accident,
For maintenance/repairs the a electric car is going to be cheaper to maintain than the gas-powered car. With fewer moving components, there’s less to service. Oil changes and tune-ups also don’t happen with a electric cars. But the cost of replacing an electric car battery can be expensive, for example, $26,000 on a Tesla.

Then you the electric cars reliability which for most are not good.. Electric vehicles are less reliable because of newer technologies, Consumer Reports finds.
Next you have to look at charging the electric car, with a cost average of $0.25-$0.65 kWh and up to hour or more to get a full a electric car charge, and understand you may not be able to find a place to charge while traveling or have the charging station working especially in the cold. Why America doesn’t have enough EV charging stations Commentary: Tesla Owner Goes Viral After Car Fails to Charge During Frigid Temps - That Wasn't Even the Worst Part

Then one thing most dont quite know hope to gauge, with a electric cars being so new, is depreciation. The a electric car, is going to drop much faster in value, up to 40% lower than gas powered cars. But the most startling thing is that most people will not buy a used electric car and inherit the innumerable of issues and problems that come with used electronics.

https://money.com/electric-car-vs-gas-car-costs-biden/

 

[Hobie]

This is relevant...
"Most Americans still don't want an electric car — and many EV buyers end up going back to gas

Most Americans don't intend to buy an electric car in the near future, according to a new study.
People who do spring for an EV often buy a gas car as their next purchase, per another study.

In a recent poll conducted by Yahoo Finance and Ipsos, 57% of respondents said they were not likely to choose an EV when they buy their next car. (For the purposes of the study, EVs included fully electric cars and plug-in hybrids, which have a larger battery and more electric range than traditional hybrids.)

Of that majority, 36% said they were "not at all likely" to go electric, while 21% said they were "not too likely." Thirty-one percent of those surveyed said they were likely to buy an EV.

The biggest factors turning potential buyers off from EVs are the same worries that consistently pop up in these kinds of surveys: High vehicle cost, limited driving range, and insufficient charging infrastructure. The study also highlights a striking political divide among the EV-curious; 41% of Democrats said they'd buy an EV, compared to only 17% of Republicans."

Most Americans still don't want an electric car — and many EV buyers end up going back to gas

A new poll suggests that a majority of Americans aren't interested in giving up gasoline quite yet.

www.businessinsider.com

 

[lforrest]

I wouldn't put placing a punitive tax on gas past certain governments like they have done to cigarettes to dissuade people from using them. There are plans to outlaw the sale of gas vehicles by 2030 in some places.

One key consideration for now is do you need to drive long distance, and do you have a means to charge it at your home?

 

[Rita]

Over here in the UK there is a time limit. I believe it is 2030 only electric cars will be produced. What many found last year in the winter, electric cars don’t like the snow - many people got stuck because the electric cars just cut out !
I don’t drive but I don’t honestly know how people are going to be able to afford these cars !

 

[Eternally Grateful]

I keep hearing of these time limits

Someone new will be in office and cancel them

there is no way go all electric. not only can the electric grid not handle it. but alot of people will not buy the cars.. I for one will not

 

[lforrest]

I keep hearing of these time limits

Someone new will be in office and cancel them

there is no way go all electric. not only can the electric grid not handle it. but alot of people will not buy the cars.. I for one will not

Socialists would and have proven themselves willing in the past to place policy agendas over people regardless of how much suffering they inflict.

 

[Eternally Grateful]

Socialists would and have proven themselves willing in the past to place policy agendas over people regardless of how much suffering they inflict.

thats why I am hoping people will wake up before it is to late.

 

[BlessedPeace]

No. Our electric grid couldn't handle every American ultimately having an electric car.

Further, battery replacement at today's prices is in the thousands of dollars.

Environmentally Friendly, isn't a factor either. Many of the materials in EV batteries are known as conflict metals.

And not all of the battery properties are recyclable.

EV's are not safer for the environment.

 

[Hobie]

I keep hearing of these time limits

Someone new will be in office and cancel them

there is no way go all electric. not only can the electric grid not handle it. but alot of people will not buy the cars.. I for one will not

Its true, but its being implemented by the present administration and unless it is taken out we are in for a heavy hand of 'socialism'........

Electrification Coalition - Federal EV Policy

The Electrification Coalition advocates for federal policies to accelerate the adoption of EVs. These policies can be categorized into four core pillars: purchase incentives, charging infrastructure funding, federal fleet electrification funding, and EV manufacturing and supply chain funding and...

electrificationcoalition.org

 

[Eternally Grateful]

Its true, but its being implemented by the present administration and unless it is taken out we are in for a heavy hand of 'socialism'........

Electrification Coalition - Federal EV Policy

The Electrification Coalition advocates for federal policies to accelerate the adoption of EVs. These policies can be categorized into four core pillars: purchase incentives, charging infrastructure funding, federal fleet electrification funding, and EV manufacturing and supply chain funding and...

electrificationcoalition.org

more reason to make sure that does not happen

 

[Mr E]

 

[liafailrock]

I personally would not even think of an electric powered car as per the reasons already pointed out. One of the greatest fears with an EV is "range anxiety" and even if there was a charging station the time it takes to charge. It makes no sense from an ecological POV, and that of physics as there's too many energy conversions. The "green" idea is converting kinetic energy (i.e. clean power production) to some sort of (limited) potential energy and back to kinetic energy. Oil, gas, etc already has vast amounts of potential energy to simply convert to kinetic so from a scientific POV the latter (the way we are presently doing it) makes the most sense. If pollution, etc is such a concern, it would make more sense to make things run cleaner with what we have.

Which brings me to my next point. Most people are rejecting EV's now that the initial fad is over, and car manufactures are losing on it. So I think 2030 is a pipe dream. And that brings us to the most important point: The issue is not about "green" as that's a diversion to get one's mind off what is really going on in the background. I could make my own "greener" vehicle with engineering skill and the law will find a way to not allow it (e.g. safety reasons) and approve the establishment "green" car even though it's not that green. The closest to green it is is perhaps its color. The issue is about control. It's a way to keep people more penned up (wait until yo see what other things they was to push onto people just before 666 comes along). So even if people rebel against EV's now, sure we will continue to have our gas vehicles but they will find other ways to anchor people down. The so-called pandemic was one of them. People won't want to get toxic shots and then they won't be allowed to travel. Although these types of governance love to feed the guilt by saying it's "to protect your fellow man and for sure the children" while in the meantime they want to allow for abortion killing and even call us Christians who would protect them "domestic terrorists". The powers in this world are totally evil. I can't accept anyone would govern with this abysmal ignorance and to do this to people so it has to be Satan. Perhaps people here think I went off on a tangent but... it's all the same thing and all the same spirit. EV's are just one of many symptoms just as when one has a cold one has a fever, sniffles, a cough, chills, etc Many symptoms to the same malady.

 

[Hobie]

I personally would not even think of an electric powered car as per the reasons already pointed out. One of the greatest fears with an EV is "range anxiety" and even if there was a charging station the time it takes to charge. It makes no sense from an ecological POV, and that of physics as there's too many energy conversions. The "green" idea is converting kinetic energy (i.e. clean power production) to some sort of (limited) potential energy and back to kinetic energy. Oil, gas, etc already has vast amounts of potential energy to simply convert to kinetic so from a scientific POV the latter (the way we are presently doing it) makes the most sense. If pollution, etc is such a concern, it would make more sense to make things run cleaner with what we have.

Which brings me to my next point. Most people are rejecting EV's now that the initial fad is over, and car manufactures are losing on it. So I think 2030 is a pipe dream. And that brings us to the most important point: The issue is not about "green" as that's a diversion to get one's mind off what is really going on in the background. I could make my own "greener" vehicle with engineering skill and the law will find a way to not allow it (e.g. safety reasons) and approve the establishment "green" car even though it's not that green. The closest to green it is is perhaps its color. The issue is about control. It's a way to keep people more penned up (wait until yo see what other things they was to push onto people just before 666 comes along). So even if people rebel against EV's now, sure we will continue to have our gas vehicles but they will find other ways to anchor people down. The so-called pandemic was one of them. People won't want to get toxic shots and then they won't be allowed to travel. Although these types of governance love to feed the guilt by saying it's "to protect your fellow man and for sure the children" while in the meantime they want to allow for abortion killing and even call us Christians who would protect them "domestic terrorists". The powers in this world are totally evil. I can't accept anyone would govern with this abysmal ignorance and to do this to people so it has to be Satan. Perhaps people here think I went off on a tangent but... it's all the same thing and all the same spirit. EV's are just one of many symptoms just as when one has a cold one has a fever, sniffles, a cough, chills, etc Many symptoms to the same malady.

Well, the 'cons' of ownership are many, someone in our family bought a very expensive electric vehicle with all the bells and whittles, and when it came time to charge, he has to plug into a contraption hanging out of his electric panel and wait "8 hours". So no chance to go if a emergency, or late night outing to the store, or quicky midnight trip for some doughnuts, nada for 8 hours or you might not be able to get there to say nothing of getting back. And to get the Tax Credit is just a nightmare to figure it out, and it is becoming restrictive to the point most will not get anything.... Here is a breakdown:
"EV Tax Credit
That tax credit has evolved over the years. Today, if you buy a new plug-in EV or fuel cell vehicle (FCV) in 2023 or later, you may qualify for a clean vehicle tax credit of up to $7,500. Details for the clean vehicle tax credit can be found in section 30D of the Tax Code.

Generally, to qualify, you must buy a qualifying EV for your own use primarily in the U.S. Your income level also comes into play, since your modified adjusted gross income (AGI) may not exceed $300,000 for married couples filing jointly ($225,000 for heads of household and $150,000 for all other filers). You can use your modified AGI from the year you take delivery or the year before, whichever is less.


The credit is nonrefundable. A nonrefundable credit reduces your tax liability to zero, but not below zero—you can't get back more than you owe in taxes. Additionally, you can't apply any excess credit to future tax years.

Most importantly, the amount of the credit changes depending on when you place the vehicle in service.

Jan. 1 To April 17, 2023​

For qualifying vehicles purchased between Jan. 1 and April 17, 2023, the credit can be up to $2,500 (base amount) plus $417 for a vehicle with at least 7-kilowatt hours of battery capacity and $417 for each kilowatt hour of battery capacity beyond 5-kilowatt hours—up to $7,500 of total credit.


Typically, the minimum credit will be $3,751—that’s $2,500 base amount + (3 x $417 credit amount for a vehicle with the minimum 7-kilowatt hours of battery capacity).

April 18, 2023, And After​

Qualifying vehicles purchased after April 18, 2023, must meet new critical mineral and battery component requirements. The credit will be up to $3,750 if the vehicle only meets the critical minerals requirement and $3,750 if the vehicle only meets the battery components requirement. If the EV meets both criteria, the credit is up to $7,500. A vehicle that doesn't meet either requirement will not be eligible for any credit.

As part of the administration's efforts to keep production close to home, to be eligible for the battery portion of the credit, a certain percentage of the vehicle's battery must be assembled or manufactured within North America. Those percentages change every year. Here’s the list by year:

• 2023: 50%
• 2024: 60%
• 2025: 60%
• 2026: 70%
• 2027: 80%
• 2028: 90%
• 2029-2032: 100%

The same is true of the critical minerals requirement. Here’s the list by year:

• 2023: 40%
• 2024: 50%
• 2025: 60%
• 2026: 70%
• 2027-2032: 80%

2022 Or Before​

To claim the credit for new EVs purchased in 2022 or before, you have to look at battery capacity. Generally, you may be eligible for a clean vehicle tax credit up to $7,500, which equals $2,917 for a vehicle with a battery capacity of at least 5-kilowatt hours plus $417 for each kilowatt hour of capacity over 5 kilowatt hours. Additional restrictions and criteria apply—you can find those here.

 

[Hobie]

Well, this is interesting tidbit, the electric cars dont seem to work as well during the cold...
https://www.cbsnews.com/chicago/local-news?ftag=CNM-16-10abg0d
'Tesla owners run into trouble amid bitter cold
Some Tesla drivers learned the hard way amid this frigid snap about how cold weather affects battery life.

At a charging station at The Evergreen Marketplace, at 9200 S. Western Ave. in Evergreen Park, Teslas were lined up early Monday morning. Some of the Teslas' batteries died – leaving the cars sitting askew and immobile in the parking lot.

Driver said some of the charging stations weren't working – and those that were working took a lot longer than usual to charge.

"I've been here for over five hours at this point, and I still have not gotten to charge my car," said Tesla driver Brandon Welbourne. "A charge that should take 45 minutes is taking two hours."

Welbourne said he saw at least 10 cars towed.'

Tesla owners run into trouble amid bitter cold

Tesla advises owners to keep the charge level above 20 percent during bitter cold weather.

www.cbsnews.com

 

[Hobie]

It appears Americans are turning away from EVs...
'New poll reveals staggering number of Americans unlikely to buy electric cars
A recent poll by Rasmussen Reports revealed that 65 percent of American adults are unlikely to consider purchasing an electric vehicle (EV) for their next car.

This sentiment is particularly strong among working and lower-middle class individuals, with over 70 percent in the $30,000 to $50,000 income bracket expressing disinterest in buying an EV.

The survey also highlighted that EVs are more appealing to wealthier individuals, as 52 percent of those earning at least $200,000 are likely to consider purchasing an EV.


Additionally, the poll’s findings coincide with reports of EVs being stranded due to the winter freeze, raising concerns about their practicality in cold weather.'MSN.

 

[Hobie]

And thats not even the worse part as at least when it gets warm, it can get recharged. But once the battery goes out, then the real nightmare begins..'

• EV battery replacement costs can be significant, with prices for GM EVs' battery replacement ranging from $4,000 to $20,000, depending on the model.
• Most EV batteries are designed to last at least 10 years, but the need for replacement after the warranty expires is rare, as they still retain 70% charging capacity.
• While manufacturers typically cover the cost of battery replacement under warranty, location and time for replacement can be challenging, as EV batteries are large and often require weeks to order and install.
  Electric vehicles (EVs) usually cost more than their gas-powered counterparts, and their sometimes limited range, plus the logistics of recharging, can make them less convenient. These are some of the things consumers consider before purchasing an EV, but an often overlooked aspect is the cost of replacing an EV battery. Just like with phones and laptops, electric vehicle batteries have a limited lifespan, and today we're going to be discussing some GM EVs battery replacement costs. Be it a Cadillac or a Chevrolet, it can cost more than a pretty penny...'
  

https://www.msn.com/en-us/autos/new...S&cvid=11a12d4140a34762840e84d375a47115&ei=27

 

[Hobie]

Well, this is telling...
"In a recent video on the YouTube channel “The Electric Viking” by Sam Evans, alarming news about the Chinese electric vehicle market has emerged. The video shared that over the past four months, four different Chinese EV manufacturers and one major automotive group with hundreds of dealerships in China have declared bankruptcy, raising concerns about the overall stability of the EV market in China, which is currently home to a staggering 91 EV makers."

 

[MA2444]

This is relevant...
"Most Americans still don't want an electric car — and many EV buyers end up going back to gas

Most Americans don't intend to buy an electric car in the near future,

That's me! I will NEVER buy an electric car. I have never liked them and have made many poor jokes about those prius hybrid cars when I have seen them start to show up in peoples driveways.

 

[Jericho]

This is relevant...
"Most Americans still don't want an electric car — and many EV buyers end up going back to gas

This has been tried before:

In 1888, the German Andreas Flocken designed the Flocken Elektrowagen, regarded by some as the first "real" electric car.
In 1890, Andrew Morrison introduced the first electric car to the United States.

Electric car - Wikipedia

en.wikipedia.org

I imagine it didn't work out for the same reasons now. We just don't have the infrastructure for it, and gas powered cars tend to be more convenient. I think they're okay for city driving, but they do come with a lot of cons.

 

[Mr E]

This has been tried before:



I imagine it didn't work out for the same reasons now. We just don't have the infrastructure for it, and gas powered cars tend to be more convenient. I think they're okay for city driving, but they do come with a lot of cons.

One of the cons-- was the way government has been subsidizing the purchase of them. It's phony and fake padding of the numbers.