| ▲ | xp84 2 days ago |
| > This absolutely destroyed the resale value for people who paid near the high point This is definitely true, but it's funny how much hand-wringing is being done about those people, who already bought EVs and really don't need to replace them like 3-4 years into ownership (they might want to for vanity, but if so they're either rich or love wasting money). "Destroyed resale value" is just another word for "provided amazing prices to a great used market." These "destroyed value" cars are great almost-new cars available at prices competitive with gas cars. In California with horrific electric rates, if I charge my used EV at the "non-peak" time it's like buying gas for my old car at 2.50/gal. In places with much better rates it's more like $1 a gallon. And these are cars that are now available for the same price as a comparable gas car. I'd say this is a huge win for everyone. |
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| ▲ | rootusrootus 2 days ago | parent | next [-] |
| Well yes, it's a matter of perspective, and good used prices are better for society as a whole. You're welcome :). Someone who buys my Model 3 for 35 grand less than I paid for it a few years ago is getting a pretty good deal. But despite my wife wanting something in a different form factor, we're keeping the Model 3 a while longer because selling it would realize what is just a theoretical loss right now. It's just psychological, but it definitely influences our choices. |
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| ▲ | highwaylights a day ago | parent | prev [-] |
| In the UK the price of gas is currently around the equivalent of $7/gal at the cheapest due to how it’s taxed here and the absence of a subsidy. Electricity is around 18c/kwh overnight. I can’t understand how gas cars get sold here anymore at all. |
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| ▲ | makeitdouble a day ago | parent | next [-] | | Isn't it still a PITA to charge for more than half of the population ? Most of EU cities have the same issues. Due to appartment density an EV makes sense only if you own your house, run a cable from your flat to the street, or win the charging lottery and/or fight for a spot at some shared location. Alternatively you can make it a routine to charge at a public spot while you go shopping, but it means you're double annoyed when it doesn't work out for whatever reason (spots already taken etc) | |
| ▲ | pmg101 a day ago | parent | prev | next [-] | | Me neither. My fuel costs went from £1000 a year to £100. And I don't even do that many miles. Why isn't everyone jumping on this? Meanwhile a lot of moaning about the "cost of living crisis". People are strange. | | |
| ▲ | adastra22 a day ago | parent | next [-] | | Electric and internal combustion cars do not cost the same though. Even a plug-in hybrid which only has ~50mi range before the ICE turns on was a +$8k feature (in practice, $10k - $12k after dealer shenanigans and taxes) when I last bought a car. I'd have to drive 8+ years without ever using a drop of gasoline for that to make sense, by your numbers. A full EV was $20k - $30k more than similar ICE models. | | |
| ▲ | cogman10 a day ago | parent | next [-] | | That's in the US where we have a bunch of tariffs to protect the local auto industry. In the UK, you can get really cheap EVs because the china ev and battery market is open to them and their importers. Further, because of the nature of both public transport and the city layout of the UK, there's much less of a need for long range EVs. Almost everything there is both walkable and within walking distance. It's very unlike the US. I survived in the UK for 2 years on foot. It was really not that bad. The Hyundai Kona Electric starts at £32,400. Which is ~$43,500 freedom bucks. But there's very little reason why the majority of brits couldn't survive with the Dogood Zero which starts at £5,500 (and has a 50 mile range). | | |
| ▲ | adastra22 a day ago | parent [-] | | Those comparisons were from the same manufacturer, so tariffs should be similar. I ended up going with the RAV4. I just looked and the gas powered RAV4 is $29k, while the plug in hybrid model (toyota doesn’t do full EV) is $45k, so there is still a very big difference in price. | | |
| ▲ | rootusrootus a day ago | parent [-] | | Plug-in RAV4, aka the Prime? I haven't looked in a while, but when we were shopping last we took a look at those and the price was insane. There was no reason to get it over the hybrid unless you wanted the extra horsepower. | | |
| ▲ | adastra22 a day ago | parent [-] | | Welcome to the EV market, where cars cost twice what they should because choosing to buy an EV is a status and conscientious choice rather than economic. |
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| ▲ | formerly_proven 20 hours ago | parent | prev [-] | | > Electric and internal combustion cars do not cost the same though. They do in other (non-US) markets, without subsidies. PHEVs are a bad deal, always were. Only make sense if there's subsidies or tax advantages for buying them over pure combustion cars (unfortunately a thing in some markets). Most PHEVs are never charged and PHEV batteries are roughly 4x more expensive per kWh than EV batteries, so there is no cost benefit in the electric drivetrain. | | |
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| ▲ | cogman10 a day ago | parent | prev [-] | | I don't think I could understand not getting an EV in the UK. Everything is so close together and public transit is really good. You can practically survive in even the most remote regions with just a bike alone. |
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| ▲ | adastra22 a day ago | parent | prev [-] | | For someone who doesn't drive an EV, what is that in $$/mi? | | |
| ▲ | cogman10 a day ago | parent [-] | | EV sedans use ~ 250Wh/mile. So £0.18 is ~$0.24. So you are looking at about $0.06/mile. Much cheaper if you get a much smaller EV (which are much more available in the UK). For example, the Dogood Zero uses 95Wh/mile which means $0.02/mile. |
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