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>And everyone should stop driving fossil vehicles starting now. [...] There’s no excuse not to. Isn't there? Right now for me to own a Ford Mach E, a Tesla Mo
by carcostthrow 5y ago
>And everyone should stop driving fossil vehicles starting now. [...] There’s no excuse not to.
Isn't there?
Right now for me to own a Ford Mach E, a Tesla Model 3 or a RAV4 Prime is $3400 to $3700 per year for comprehensive insurance, $1400 a year for liability only. My SUV right now costs $1100 a year to insure comprehensive, but even a 2021 Acura NSX or Jaguar F-Pace is only $1400 for the same level of insurance that I have right now.
I only spend about $1200 a year on gasoline for the SUV and another $200 for regular maintenance. So right out the gate, assuming electricity is free and tire rotations are free, I'm already looking at least $900/yr increase in operating expense.
And then there's the upfront; the above is on top of the $10,000 to $20,000 more I'd have to spend to buy an EV vs a comparably sized and equipped ICE. And an additional $1500 to $2000 to have my garage accommodate charging a car, assuming main panel doesn't need upgrading and only installing a 240V circuit.
Right now it's a detached garage with a single 120v to it, so it's retrenching and installation of new conduit and wire, installing a new sub panel in the garage, and rewiring everything. Not going to count the cost of a level 2 DC charger (Chevrolet and Kia are offering one as an incentive for purchase). Main uncertainty is whether or not the main panel would need to be upgraded.
If I didn't have a garage, I'd also have to be super concerned about charging stations though. You leave an extension cord more then once out overnight, it will get stolen; the copper in it is worth a dollar or two. I can't imagine how fast a $200 charging cable with $10 of scrap copper in it wouldn't get swiped. It's unfortunately common here, there's quite a few sections of street where the street lights have been knock out for months now due to copper thieves ripping it out of the conduit. A nearby truck depot gets the copper wire cut from the trucks battery systems sitting there overnight every few months.
So... yeah. There's my excuse. Money.
- bobsil1 5y agoMy Bolt lease is $75/mo.
- carcostthrow 5y agoUS vs Canada I assume. Last time I looked at the Bolt Premier some years ago the dealer would not budge off of the $50,000+ price. And for that price I was sitting in the most uncomfortable seats I've ever sat in for a personal vehicle; thin, hard and not well sculpted for my back. The only positive I recall was the excellent throttle response.
- bobsil1 5y agoModel 3 killed GM’s leverage, and now they’re trying to dump them as compliance cars to make their margin on trucks. Lease explained here: https://news.ycombinator.com/item?id=28096813 https://news.ycombinator.com/item?id=28096813 Seats are bad, but you can add aftermarket pad. Quick for its class (6 sec 0-60), fun to drive, virtually free with solar panels.
- culopatin 5y agoHow? The leases I see are 300. Big downplayment?
- bobsil1 5y agoNever pay list. Leasehackr forums broker price: $4700 up front / out the door for 36 mo, CA $2K rebate, Costco member discount, competitive lease discount, local buyer discount, clearing ’21s before new model. Broker sources online leads for lower price, because buyer’s knowledgeable and ready to sign.
- rcurry 5y agoSame here. Most of my cross country trips are in an ‘08 corvette. It gets about 26 mpg if you leave it on cruise, and takes about 8 minutes to fill up. And I can also stop wherever I want for a nice meal or whatever. Combined with zero maintenance because it’s built for about 10x as hard as you’d ever think of driving it, it works out just fine. I think electric vehicles are awesome, but it’s pretty hard to beat gasoline in terms of power for your money.
- ReactiveJelly 5y agoMy excuse is that I just don't drive much. So yeah, money. The incentives don't favor me selling my good-condition low-mileage ICE for a used high-mileage hybrid, even though I do want one. If the government passes a carbon tax (or just cuts gasoline subsidies) then the math may change and push me over. But to avoid harming poor people, they'd have to atomically pass an increase in welfare while making gasoline more expensive for the middle class. So it's politically difficult.
- njarboe 5y agoOr just pass all of the revenues back to the people with a straight refund equal to (tax collected)/(number of people)
- bishoprook2 5y ago> ... for comprehensive insurance,... That's a thing that blew me away about Teslas, the whole deal with insurance. Maybe it'll be somewhat solved in the upcoming F-150 (which has the big advantage of being a decent whole-house backup power supply, useful in a place where the power company shuts us off whenever it's windy). I guess it's also worth considering that the technical changes are still coming pretty quickly. Capital goods pricing combined with consumer electronics obsolescence. Honestly, I'd probably rather just spend the $50k on a Chevelle SS.
- adtac 5y agoI don't have an opinion on this, but how much of that is due to subsidies for the traditional energy industry? Make no mistake, electric vehicles get a lot of subsidies but I imagine governments around the world want energy independence, so they're probably throwing lots of money to help the industry.
- hamandcheese 5y agoYour insurance sounds… exceptionally high. My Model 3 is about $1500/year for comprehensive coverage.
- carcostthrow 5y agoI don't claim to understand the reasoning behind it, these were just the quotes I got shopping around. I never imagined that a $180,000 hybrid supercar would be cheaper to insure the PHEV version of a family oriented CUV but but here we are.
- thangalin 5y agoMy ROI write up on RAV4 vs. KONA EV, but general enough for other vehicle comparisons: https://dave.autonoma.ca/blog/2019/08/06/typesetting-markdown-part-7/ https://dave.autonoma.ca/blog/2019/08/06/typesetting-markdow... > assuming main panel doesn't need upgrading and only installing a 240V circuit. A Load Miser can split the dryer circuit; charging happens overnight, so no usage conflicts. It was about $1,500 USD for my house to run a line from the attic. YMMV, but probably less expensive. > You leave an extension cord more then once out overnight, it will get stolen Vancouver is experimenting with curbside chargers. https://vancouver.ca/streets-transportation/curbside-electric-vehicle-pilot-program.aspx https://vancouver.ca/streets-transportation/curbside-electri... My ROI is now 7 years. The feeling of being off fossil fuels is priceless. (British Columbia is about 80% renewable.)
- carcostthrow 5y ago>A Load Miser can split the dryer circuit; charging happens overnight, so no usage conflicts. It was about $1,500 USD for my house to run a line from the attic. YMMV, but probably less expensive. I'm not sure why that would make any difference. >Vancouver is experimenting with curbside chargers. Maybe; I'd be concerned about someone cutting the cables for scrap copper here. I don't know if richer Vancouver suburbs would have to worry about such a thing.
- thioordc 5y agoAll good points! However one thing EVs have is much cheaper maintenance! Having no oil changes adds up in savings.
- carcostthrow 5y agoAlready factored into the $200/yr maintenance. Oil changes at dealerships nowadays are essentially loss leaders for them; $75 to $80 for full synthetic change, oil filter replacement and windshield wiper fluid top off, and most include shuttle service nowadays to and from the dealership itself. Only other items that are ICE specific I can think of off the top of my head is engine air filter and fluid changes for the transmission and transfer case. Most of the other maintenance is the same AFAIK. Like I said though, the insurance difference for me kills whatever savings there are from lack of oil changes by a wide margin, even before factoring in higher upfront.
- thioordc 5y agoYep yep that insurance rate is nasty! I just think it’s interesting that oil changes are slowly disappearing!
- Hamuko 5y agoOil changes are pretty much the least costly part of my car's maintenance. Brakes, suspension and tyres cost far more and I can't imagine that heavy EVs are any better on any of those.
- zamfi 5y ago> You leave an extension cord more then once out overnight, it will get stolen; the copper in it is worth a dollar or two. I can't imagine how fast a $200 charging cable with $10 of scrap copper in it wouldn't get swiped. It's unfortunately common here, there's quite a few sections of street where the street lights have been knock out for months now due to copper thieves ripping it out of the conduit Yikes! Where do you live, San Francisco? /s
- carcostthrow 5y agoFair bit east and a quite a bit more north.
- NotSammyHagar 5y ago120v over night will add about 45 miles of range to your typical tesla. Most people drive less than 20 miles a day, so you always start out with a full tank. When I go skiing, I drive 120 miles, so I come back with a lot of range depleted, but it charges up the next few days. On the rare occasions over the past 8 years when I needed to go a long distance, I just use the super charger in my town, although once I went to a pay place that has 220v and 40 amps (so instead of ~3.5 miles of range per house, I added 20 miles of range per hour). What doesn't work with 120v regular power outlet charging? If you drive 250 miles and spend 5 minutes and then need to drive 200 more miles. That is pretty rare.
- jws 5y agoIn 18 months of use, I’ve done all except three charges on my regular old 120v outlet in the garage. I just plug in at night when I go under 60% charge, usually every few days. I ordered the adapter, outlet, and new wire to move an unused electric dryer service to the garage as soon as I got the car, but haven’t bothered to install them. It just isn’t necessary. (And I dislike taking the face cover off the main breaker box, nothing rational, I just don’t like being that close to the live circuits. If I need to charge a lot overnight, it’s a 30 minute job to install the service.) For the upfront cost… I had been waiting for the little Jeep pickup truck, but when it came out and I got done adding the basic functional packages it was well up in the Tesla price range. (I’m keeping an elderly F250 out of the crushers for my occasional pickup truck needs, but I could just as easily rent one from the big box hardware store when I need it for less than I pay in insurance on the F250.)
- quickthrowman 5y ago> I ordered the adapter, outlet, and new wire to move an unused electric dryer service to the garage as soon as I got the car, but haven’t bothered to install them. It just isn’t necessary. (And I dislike taking the face cover off the main breaker box, nothing rational, I just don’t like being that close to the live circuits. If I need to charge a lot overnight, it’s a 30 minute job to install the service. You could do all of the work except for landing the circuit and pay an electrician for an hour to terminate the circuit for you.
- yummybear 5y agoYeah in my country a new electric car is about 2x years salary. We’d love to switch but that’s a lot of money.
- adrianN 5y agoAre new ICE cars affordable? EV don't cost 4x more than ICEs, do they?
- lb1lf 5y ago-Not the OP, but the situation in Norway is that new EVs are incredibly competitively priced compared to ICE vehicles, as we tax the latter to high heaven while the former are exempt from just about any tax. This is how it ought to be to speedily increase EV market share. However, if your personal finances suggest a used vehicle is the way to go, your options are rather limited, and will be for a few more years until the current EVs start trickling down. Current 2nd hand EV offerings mostly are Leafs and eGolfs, with a generous helping of Teslas (still rather pricey) on top. If you need a large-ish family car and cannot afford a new EV, you'll be driving an ICE for a few more years - more if the authorities start taxing EVs to bring them more in line with ICE levels, boosting 2nd hand prices.
- saiya-jin 5y agoCan easily be, if you compare comparable. I buy BMWs for cca 25% of the price of new (that means 6-7 years old and up to 100k km). Last one lasted 11 years and still counting. Maintenance costs are almost 0, apart from mandatory stuff (oil, brakes & pads, wheels every +-5 years). Hell will freeze sooner than we will be buying a new car - its just such a stupid waste of money, when the price drops so rapidly and you still get 95% of the new car. ICE cars, especially diesels, just age so well compared to electric ones. I know we will be buying our next car as used ICE, for next maybe 10 years. And so do people around us, in richest country in Europe - Switzerland. Electric car on level to say well equipped BMW 5 wagon series is what... Tesla model S? Not really, BMW has much higher quality of literally everything that matters in car while sporting much bigger trunk (necessity with kids and active lifestyle). One should not ignore the price point - most of the world simply can't afford buying electric cars. Its great that western democracies will lead this transition, but when considering whole human population this is a tiny sliver at the moment.
- jstummbillig 5y ago"Excuse" roughly means "good reason to do something bad". All of that is pretty subjective. So now you mostly know a little more about how the authors feels.
- the_biot 5y agoYou're forgetting the initial layout -- that's a car starting at $70000. Who the hell pays that for a car, when half that gets you a car just as nice but running on gasoline? I haven't bought a new car in ages, but my limit was, and remains, €30k. As long as electric cars cost double what comparable fossil fuel cars cost, with half the range, I don't see any electric revolution happening.
- gambiting 5y ago>>Who the hell pays that for a car, when half that gets you a car just as nice but running on gasoline? Does it? What example do you have in mind? Because the only one I can think of is perhaps the E-Tron compared to the Audi Q5, and I'd argue that to reach the "half" mark you'd get a Q5 that has barely any options fitted in, while the E-Tron will come packed with tech. And then yes, there is the Tesla Model S which is absolutely not worth the money they are asking, but it's an exception not the rule. There's more and more EV vehicles where there isn't a non-EV equivalent for half the price.
- the_biot 5y agoThe example I had in mind was the Volvo XC40. Gasoline model starts at €30k, electric model at €59K. More often than not you pay a huge premium for electric cars. I think the cheapest right now is the Nissan Leaf, but that's still a tiny car for a lot of money. I just don't think electric cars make financial sense at all right now. All those car manufacturers saying they won't be making ICE cars within < 5 years anymore must know something I don't, but I don't see who's going to be paying that premium in the low/middle end.
- gambiting 5y agoYeah that's fair enough - the electric XC40 is a stupidly expensive car. I still think it's not exactly a fair comparison, as the cheapest XC40 is a 100bhp 3 cylinder petrol, while the electric XC40 is a 400bhp all wheel drive car. That alone would command a large premium even in an ICE car, no? But yeah, I'm thinking more about the cars like the MG ZS EV, which I actually put a deposit down on last year(and cancelled due to coronavirus and working from home, but I test drove it and was 100% willing to buy it) - at £25k it was very affordable for a full EV, with loads of space inside. And then remember that all manufacturers always start with the most expensive models first because that's where the money is, but more and more cars are arriving form various manufacturers. ID.3 from Volkswagen is already approaching affordable prices in lower specs, but there is the ID.2 coming. And if I were to buy a second car as a runaround now, I'd happily buy a £12k second hand e-Up, it's more than enough for driving around and will cost nearly nothing to use.
- gambiting 5y ago>>$3700 per year for comprehensive insurance, Bit of an aside - how is American insurance so stupidly expensive. Here in UK I have a brand new Volvo XC60 PHEV, £60k, 400bhp car, in one of the highest insurance groups(like group 45 out of 50), I'm 30 years old and my fully comprehensive insurance is £400 a year. That's including 20 million liability limit, legal cover, courtesy vehicle, key cover.....etc etc. Yeah when I was 21 my insurance was £2000 a year on some crappy old econobox, but in general once you turn 25 the insurance falls down rapidly. On my previous Mercedes AMG I paid about £500 a year for fully comprehensive, aged 26.
- withinboredom 5y agoIt cost me a simple written exam (free) and a driving test (free) and then about $25USD for the actual license when I was 16. How much does it cost in the UK? If the barrier to drive is low, you end up with people driving around that got a 70% on the written test (lowest passing score) and a 70% on the driving test driving around doing stupid things. It drives up insurance considerably.
- gambiting 5y agoUhm, in the UK you can only pay for the test if you want, no actual training is strictly required. So....like £99 or there about? But of course majority of people pay for training because they want to learn somewhere, and not everyone has parents willing to risk the family car. Surely even in US people pay for training and there's more to the cost than just the $25 test fee?
- withinboredom 5y agoMost families in the states have more than one car, so there’s less risk to teaching your kids how to drive. There are schools though, but I never had that (neither did my wife, apparently). My dad was an insane teacher though. He’d have me slam the brakes in the middle of an empty highway to learn how to stop at-speed. I’ve never been in an accident (knock on wood) but I’ve seen more than my fair share of deadly accidents happen right in front of me.
- 0x000000001 5y agoMy insurance on my Model 3 with coverage of 250/500 is less than $50 a month with Progressive