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> it's far cheaper to keep my 4 door Japanese sedan another year This is like saying it's cheaper to wait a year before contributing to retirement because you'
by throwawaaarrgh 4y ago
> it's far cheaper to keep my 4 door Japanese sedan another year
This is like saying it's cheaper to wait a year before contributing to retirement because you'll have more money in checking if you don't contribute to retirement.
Average lifespan of an ICE car is around 14.8 years. For an EV it's 22.2. They last longer, and break down less often, and fuel is cheaper.
Over a period of 20 years, it does not matter how expensive the EV was when you paid for it. After 20 years, there is more money in your bank account, with the EV. So buying or keeping a used corolla is pretty much guaranteed to leave you with less money after those 20 years. No matter how cheap the corolla is now, keeping ICE cars will add up to a higher cost. The longer you wait the more you lose in the end.
- fbdab103 4y ago>Average lifespan of an ICE car is around 14.8 years. For an EV it's 22.2 I am going to need to see some figures on that. How many electric cars were even made 22 years ago?
- throwawaaarrgh 4y agoThe average expected lifespan of an ICE vehicle is 200k miles, and the average expected lifespan of an EV is 300k miles. The average ICE vehicle in the USA is driven between 12k and 15k miles per year. So for an ICE vehicle that averages out to 14.8 years to reach 200k, and an EV, 22.2 years to reach 300k. On average.
- jjav 4y ago> Average lifespan of an ICE car is around 14.8 years. For an EV it's 22.2. Citation definitely needed for those figures. There are no mass market EVs that are 22+ years old, let alone old enough to make their average lifespan be 22.2 (which obviously implies some EVs lasted a lot longer than that). > So buying or keeping a used corolla is pretty much guaranteed to leave you with less money after those 20 years. That's clearly not true in the absolute. Might be in some cases. For instance my parent has a 1998 Corolla which works perfectly well and requires minimal maintanance. There is no conceivable scenario where it'd be cheaper to buy a new EV vs. just keep driving the old car.
- throwawaaarrgh 4y agoI meant to say on average. Add up the fuel and maintenance for that corolla over a 20 year period, plus its initial sales cost. The EV is cheaper over 20 years. If they barely drive it and nothing ever goes wrong, they should still be spending several thousand a year on fuel and regular maintenance tasks, on average, over time. If they aren't then either they aren't doing the suggested maintenance or aren't driving it much at all, or both. The EV uses cheaper fuel and its maintenance cost is significantly lower. Again: the initial cost of the EV is greater. It's the cost over time that is lower, because ICE vehicles cost more over time. Even taking a used car into account, its average cost over time is greater.
- jjav 4y ago> It's the cost over time that is lower, because ICE vehicles cost more over time. Even taking a used car into account, its average cost over time is greater. A person looking to buy a new car today, you're mostly right in that their total lifetime cost will be less if they buy a new EV today. Mostly though, not everyone, since there are ICE cars cheaper than EVs and for someone who drives very little it'll take a long time to recover the initial price difference. But for people who already own a car it's a very different equation. The old car is already owned, so buying an EV is a huge expense unlikely to ever be recovered by reduced operating costs. Such as the example above of my parent. Were they to buy a 40K EV, it'll take easily 40 years to break even compared to simply keep driving the old Corolla. Nowhere near worth it.