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Topic: Electric Vehicles - Your Interest level

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Cincydawg

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Electric Vehicles - Your Interest level
« on: April 12, 2021, 11:33:19 AM »
I'm curious.  Figure the EV has about a 250 mile range and can fast charge and currently costs about $8,000 more than some equivalent ICE car.  I've read some fast charge to 80% in 20 minutes, but that is pushing it today.

able to bring a given EV's battery back up to 80 percent of its capacity in around 30-60 minutes, depending on the vehicle ...

Chevrolet Cruze vs Chevrolet Bolt EV - CarGurus

Similar cars, the Cruze is rated 28/38 mpg.  The Bolt has a 256 mile range.  Recharging at 12 cents per kwhr would cost about $7-8.  The Cruze would use about 6-8 gallons of gas.  The Bolt is faster to 60 by a good bit.

OrangeAfroMan

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Re: Electric Vehicles - Your Interest level
« Reply #1 on: April 12, 2021, 11:36:46 AM »
Depends on cost and what year I need a new car.  None of the choices are specific enough for me.  I have no qualms in buying an EV.  The car I bought 2 years ago gave me the feeling it was the last gas car I'd ever buy. 
If I have it 10 years and EVs are the same price as gas cars, I'd buy the EV.  But cost is #1 for me.  If an EV is going to bump my monthly payment up more than $10-12, then "all things aren't equal."
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Cincydawg

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Re: Electric Vehicles - Your Interest level
« Reply #2 on: April 12, 2021, 11:38:35 AM »
I provided a salient example for that, the EV costs around $31 K and the ICE would cost around $23 K, currently.  Then you look at operating costs.  No brake pad wear, no fluid to change, much cheaper miles per cent.  Over time, it can pay out.  I think it's not there yet.

grillrat

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Re: Electric Vehicles - Your Interest level
« Reply #3 on: April 12, 2021, 11:47:59 AM »
Locale is a definitive consideration.  There are many places around here in the Columbus, OH area where public access charging stations are popping up.  If you live in an area that is a bit more cosmopolitan / green-forward, then I think there are some benefits to going the EV route.  Otherwise, you might want to hold off a bit.  It obviously also depends on your lifestyle and when / how often you intend to commute, but "planning" your parking / recharge as part of your travel can get tiresome and inconvenient quickly.

medinabuckeye1

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Re: Electric Vehicles - Your Interest level
« Reply #4 on: April 12, 2021, 11:57:13 AM »
I provided a salient example for that, the EV costs around $31 K and the ICE would cost around $23 K, currently.  Then you look at operating costs.  No brake pad wear, no fluid to change, much cheaper miles per cent.  Over time, it can pay out.  I think it's not there yet.
The problem for most of us is that the payoff calculation is influenced heavily by your home/family/work situation.

I drive very limited miles now. My commute is 1.7mi so 3.4mi/day, 17mi/wk, 884mi/yr.

At 1,000 mi per year the annual fuel cost for a humongous Suburban 4x4 with the biggest gas engine offered (per epa.gov figures) is only about $200 so electric just wouldn't make sense. Now if I suddenly got a job 40 mi from home such that my commute increased to:
  • 80mi/day
  • 400mi/wk
  • 20,800mi/yr
I would have a very different view of things.

All of that said, I favor cheaper initial cost over cheaper overall cost because situations change. Ie, if I had the above hypothetical job 40mi from home and bought a hybrid or electric car planning to recoup the extra cost with fuel savings over 5-10 years of ownership then got a job offer closer to home the electric car premium would end up as a financially unwise decision.


Cincydawg

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Re: Electric Vehicles - Your Interest level
« Reply #5 on: April 12, 2021, 12:04:49 PM »
You'd need to drive 12,000 miles a year to consider an EV near equal, I think, much of that around town.  The numbers still don't work if you consider taking that $8 K difference and investing it in something safe.  Each thousand miles in "fuel" costs around $28 versus around $80.  Figure $50 savings each 1,000 miles, maybe $600 a year, for ten years, add in no oil changes and brake pads etc.  Meh.

And in ten years, your range will have degraded.

medinabuckeye1

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Re: Electric Vehicles - Your Interest level
« Reply #6 on: April 12, 2021, 12:14:12 PM »
As an example of the above, when I was at tOSU I owned an old but paid for pickup that got about 14mpg. My plan was to drive it for a while after graduation and save up for a new car. However, when I graduated I realized that with the amount of driving I would be doing I could pretty much make my car payment with my gas savings. 

Per epa at today's prices my truck would have cost me about $750/mo in fuel (roughly 3k/mo, almost all highway) while the 5spd manual Chevy Cavalier that I bought would cost me about $275/mo in fuel. The $475/mo difference is more than enough to make the payment on the new car.

I'd consider an EV today using roughly the same logic.

FearlessF

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Re: Electric Vehicles - Your Interest level
« Reply #7 on: April 12, 2021, 12:20:13 PM »
maybe in ten years

because I'd guess in ten years or so, EVs will have evolved and improved quite a bit.
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Cincydawg

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Re: Electric Vehicles - Your Interest level
« Reply #8 on: April 12, 2021, 12:28:16 PM »
I think "maybe in ten years or so" is the right answer for most folks.  Some leap in batteries could make that five.  I suspect at some point "normal" ICE cars will lose a lot of value because of lack of demand, that could be 2035ish.

But your CTS-V station wagon with a manual transmission could be worth a fortune.

MarqHusker

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Re: Electric Vehicles - Your Interest level
« Reply #9 on: April 12, 2021, 12:34:36 PM »
I roughed in a charger into my garage when we built a couple years ago.   Range is about the only thing keeping me, but I also love my gas car now and I don't flip cars frequently. 

NorthernOhioBuckeye

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Re: Electric Vehicles - Your Interest level
« Reply #10 on: April 12, 2021, 12:38:33 PM »
As an example of the above, when I was at tOSU I owned an old but paid for pickup that got about 14mpg. My plan was to drive it for a while after graduation and save up for a new car. However, when I graduated I realized that with the amount of driving I would be doing I could pretty much make my car payment with my gas savings.

Per epa at today's prices my truck would have cost me about $750/mo in fuel (roughly 3k/mo, almost all highway) while the 5spd manual Chevy Cavalier that I bought would cost me about $275/mo in fuel. The $475/mo difference is more than enough to make the payment on the new car.

I'd consider an EV today using roughly the same logic.
I had a similar situation a few years back. At the time, I was driving an older F-250 and it was costing me about $500/month in fuel just to get to work and back. While I used it quite a bit outside of work, it just didn't make sense to spend that amount of money just to drive to the office on a daily basis. I bought a slightly used Toyota Camry that got considerably better mileage and only cost about $100/month in gas.  The payment on the Camry was about $200 and the insurance was not very much. Therefore, I acquired a car and still came out ahead just driving it to work and back. 

That was until my son took it out one night and totaled it. Then it was back to driving the truck for a couple of months. Since then, I have pretty much worked at home and now cost of driving an F-250 to work is nothing. ;)

betarhoalphadelta

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Re: Electric Vehicles - Your Interest level
« Reply #11 on: April 12, 2021, 01:06:58 PM »
I had a similar situation a few years back. At the time, I was driving an older F-250 and it was costing me about $500/month in fuel just to get to work and back. While I used it quite a bit outside of work, it just didn't make sense to spend that amount of money just to drive to the office on a daily basis. I bought a slightly used Toyota Camry that got considerably better mileage and only cost about $100/month in gas.  The payment on the Camry was about $200 and the insurance was not very much. Therefore, I acquired a car and still came out ahead just driving it to work and back.

That was until my son took it out one night and totaled it. Then it was back to driving the truck for a couple of months. Since then, I have pretty much worked at home and now cost of driving an F-250 to work is nothing. ;)
I knew a guy a couple years ago that did the same thing. He had a big Chrysler 300 with the big engine... Car guy who also owned a dragster. 

He ended up taking a new job that was a 70 mi commute, EACH WAY, every day. Bought a little Honda Civic because the gas savings compared to his 300 were more than the payment on the Civic. He didn't sell the 300, of course, because he really liked it.

Cincydawg

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Re: Electric Vehicles - Your Interest level
« Reply #12 on: April 12, 2021, 01:24:43 PM »
You'd need to drive 12,000 miles a year to consider an EV near equal, I think, much of that around town.  The numbers still don't work if you consider taking that $8 K difference and investing it in something safe.  Each thousand miles in "fuel" costs around $28 versus around $80.  Figure $50 savings each 1,000 miles, maybe $600 a year, for ten years, add in no oil changes and brake pads etc.  Meh.

And in ten years, your range will have degraded.
Let's IMAGINE that in 2030, or so, the EV costs only $2,000 more than a comparable ICE car.  Say you drive 12,000 miles a year.  The EV saves you $600 a year at current gas prices.  The EV would have better acceleration and cornering (I'm talking lower end cars.)

Now I think you'd have rather quick adoption by mainstreamers.  It would still take years for EVs to replace half the ICE cars on the roads.

betarhoalphadelta

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Re: Electric Vehicles - Your Interest level
« Reply #13 on: April 12, 2021, 01:34:02 PM »
I've said it before... I've got interest in EVs but it's not the right time. 

My next vehicle purchase window is at least 5+ years away due to needing the giant family-hauler until at least my son goes off to college. I think the EV market is still not as well developed as I'd like, and in 5+ years there will be TONS more options than the few we have available right now. And my current living situation (renting w/o a L2 charger in the garage) hopefully will be different in 5+ years.

So I'll definitely be looking at EV by then, but neither I nor the EV market are quite ready now IMHO.

 

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