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I'd quite like an EV but prices keep going up and up as demand increases. Even with today's high gas prices financially it doesn't make sense for me.

by rr808 4y ago

snek_case 4y ago
The prices will decrease eventually. The prices have come up because of high demand. Tesla is selling as many EVs as it can make right now, and with great margins. Those margins will ensure that production keeps expanding to meet demand. It sucks that the prices are high because it keeps some people out for the moment, but production is expanding as fast as it can. Capitalism makes it so the people with the deepest pockets will get EVs first, but that's still many less gas-powered cars off the roads, and we're still going to transition to EVs.
- Markoff 4y ago
  operation cost makes no sense, especially now with electricity prices growth(at least in Europe) is pretty much same or even cheaper to drive ICE car than EV, mind that's with extreme gas taxation with still almost no tax on electricity, do you really believe if majority of cars would be EVs gov won't introduce new electricity prices to milk the owners? comparing ICE and EVs is not fair, because the latter one is susbisidized from everyone's money, without subsidy they are extremely expensive, their operation cost is same or higher (and let's better not talk about how long will last batteries long term and their replacement cost) despite low taxes
  - kreetx 4y ago
    They are very well comparable as both get you from A to B. Also, a sibling comment[1] seems to say that gas prices have risen more thus making it now even more cheaper to drive an EV than an ICE. [1] https://news.ycombinator.com/item?id=31984490 https://news.ycombinator.com/item?id=31984490
    - Markoff 4y ago
      not where I live in Europe, while gas prices risen a lot, electricity risen even more
wpearse 4y ago
We bought an EV 6 months ago. We financed ~60% the purchase cost over 3 years. We would otherwise never have spent this much on a car. We calculated our estimated petrol savings and put down a deposit large enough such that our weekly finance payment and estimated charging cost combined would be ~75% of what we’re spending each week on petrol. Now that petrol prices have skyrocketed, the finance cost of the car + charging cost is less than half of what we were spending in petrol. So far we’re very happy. Our total running costs for our petrol car was around 28c per km, our total running costs for our EV are around 4c per km. (Total running costs = absolutely everything attributable to the vehicle: fuel/charging, servicing, insurance, tyres, wiper blades, …)

I'd quite like an EV but prices keep going up and up as demand increases. Even with today's high gas prices financially it doesn't make sense for me.

by rr808 4y ago

I'd quite like an EV but prices keep going up and up as demand increases. Even with today's high gas prices financially it doesn't make sense for me.

snek_case 4y ago

The prices will decrease eventually. The prices have come up because of high demand. Tesla is selling as many EVs as it can make right now, and with great margins. Those margins will ensure that production keeps expanding to meet demand. It sucks that the prices are high because it keeps some people out for the moment, but production is expanding as fast as it can. Capitalism makes it so the people with the deepest pockets will get EVs first, but that's still many less gas-powered cars off the roads, and we're still going to transition to EVs.

Markoff 4y ago
operation cost makes no sense, especially now with electricity prices growth(at least in Europe) is pretty much same or even cheaper to drive ICE car than EV, mind that's with extreme gas taxation with still almost no tax on electricity, do you really believe if majority of cars would be EVs gov won't introduce new electricity prices to milk the owners? comparing ICE and EVs is not fair, because the latter one is susbisidized from everyone's money, without subsidy they are extremely expensive, their operation cost is same or higher (and let's better not talk about how long will last batteries long term and their replacement cost) despite low taxes
- kreetx 4y ago
  They are very well comparable as both get you from A to B. Also, a sibling comment[1] seems to say that gas prices have risen more thus making it now even more cheaper to drive an EV than an ICE. [1] https://news.ycombinator.com/item?id=31984490 https://news.ycombinator.com/item?id=31984490
  - Markoff 4y ago
    not where I live in Europe, while gas prices risen a lot, electricity risen even more

wpearse 4y ago

We bought an EV 6 months ago. We financed ~60% the purchase cost over 3 years. We would otherwise never have spent this much on a car. We calculated our estimated petrol savings and put down a deposit large enough such that our weekly finance payment and estimated charging cost combined would be ~75% of what we’re spending each week on petrol. Now that petrol prices have skyrocketed, the finance cost of the car + charging cost is less than half of what we were spending in petrol. So far we’re very happy. Our total running costs for our petrol car was around 28c per km, our total running costs for our EV are around 4c per km. (Total running costs = absolutely everything attributable to the vehicle: fuel/charging, servicing, insurance, tyres, wiper blades, …)