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!!!

  • RoboRabbit69@alien.topBEnglish
    1·
    1 year ago

    I don’t think money saving could or should be the main reason. If you want to save money, going smaller is the first way to. Buying a used car, too. Driving less, even more.

    We buy expensive cars because we like them and driving them. Nobody really needs going from 0 to 100km/h in lesser than 15 seconds, or a glass rooftop,or hi-fi audio, and so on many of the things we spend money into.

    So, ask yourself: how much you value a car that both is faster than an ICE equivalent and have lesser power consumption (and ecological footprint)? How much you value driving without that noise and that smelly trail?

    Everyday money saving it’s a nice addition, but not nowadays a real reason - at least until they start making you pay for environmental externalities when you burn petrol.