I am a California resident.

I am going into analysis paralysis and it’s making me crazy when I sit down to decide if I should go with an ICE car or an EV. HELPPPPPP!!!

Sure ICE vehicles cost more in fuel and maintenance, but EVs have some other costs as well:

  • Costs relatively more to insure

  • Registration cost every year is higher

  • Opportunity cost: a $40k EV is generally compared to a $30k ICE car in terms of break even in 5-6 years. But people rarely mention the opportunity cost of spending the extra $10000. That $10k can make you around $1k each year if invested (subject to market risk ofcourse).

  • Supercharging is still not cheap: while still being 50% cheaper than gas, its not cheap. I see 50c/kwh near my area. And not everyone has a home to charge.

  • Rate of depreciation: All cars depreciate. But some loose value faster than others. My personal feeling is EVs depreciate faster than ICE. Simply because the tech is growing so fast. The argument for ICE is that there will be less demand for ICE in future due to increasing EV market share. So, little conflicted on the right answer here

I don’t know if am the only one who is unable to see the savings in EV (long term). Am I missing something?? Can eV owners share their perspective?? HELP ME come out of this shit and just book a carrr!!!

  • LowBarometer@alien.topBEnglish
    1·
    10 months ago

    I have solar and owned a BMW i3. I sold it and bought a Bolt LT2 in 2021 when there were huge incentives; I got $16,500 off the car. Then in 2022 after the Bolt battery debacle GM gave me a Bolt EUV Premier, a car worth $12,000 more than my old car, and $1,200. From a financial standpoint, my Bolt’s have given me a higher ROI than any car I have ever owned. Add to that, I drive damn near for free due to my solar having paid for itself several years ago.