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Translation: luxury vehicles are the future of car sales. Model Y is 2 times as expensive as a Corolla. Plus you can go and find an older Corolla with 100k+ m

Translation: luxury vehicles are the future of car sales. Model Y is 2 times as expensive as a Corolla. Plus you can go and find an older Corolla with 100k+ miles on it and pay perhaps $5k cash for it, then drive it for another 50-100k. I don't see people in the service industry picking up a used Tesla, now or in the foreseeable future.

deleted 3y ago
[deleted]
Sohcahtoa82 3y ago
> I don't see people in the service industry picking up a used Tesla, now or in the foreseeable future. Purchase price, you've already touched on. You can't even get a USED Tesla for under $20K. The second problem is charging. Apartments generally have a lack of EV chargers.
- paganel 3y ago
  > Apartments generally have a lack of EV chargers. That's the trick, people living in apartments are not supposed to own and operate their own cars going forward. As a live in an apartment myself I wasn't aware of that fact at the beginning, I kept asking myself: "how am I supposed to charge my car if I'm living on the 8th floor?". Turns out I was looking at the whole thing through the wrong lenses. What's really perverse about it (there's no better word to describe it) is that us, people living in apartments, do currently have a smaller carbon footprint compared to people living in actual houses, and yet we are the ones being punished as a result of measures which are meant to improve our global carbon footprint. So the solution for me, if I'd still want to own a personal car, would be to increase my carbon footprint by moving to an actual house on the ground, preferably in suburbia because cheaper (where there's also no proper public transportation to speak of).
  - laratied 3y ago
    Let them eat cake.
    - itsyaboi 3y ago
      *carbon-neutral, cruelty-free, insect-based protein bars.
  - gambiting 3y ago
    >>people living in apartments are not supposed to own and operate their own cars going forward. That's such a weird thing to say. What do you mean not supposed to own? For healthy young people - ok, fine, fair enough. How about the disabled? The old and frail? People with kids? People who drive for work? Where are the above meant to park and charge? And please don't say these usecases are going to be replaced with autonomous cars, that's complete nonsense, especially for specific usecases like disabled people who need specially adapted cars.
    - elcomet 3y ago
      Public transport should be better than driving if you're old or frail.
      - xmcqdpt2 3y ago
        Or have sight problems, or are currently drinking, or have inner ear issues, or epilepsy, or are very tired, or want to read a good book, or...
    - peoplefromibiza 3y ago
      > That's such a weird thing to say. What do you mean not supposed to own? disincentives work the same way of incentives, but in the opposite direction. EVs are an hassle to own if you live in a dense urban area, like those you can find in many European cities. I predict many people will give up on owning a car when confronted with the drawbacks. > like disabled people who need specially adapted cars disabled people have reserved parking spots, that will eventually be equipped with an EV charger
  - Fradow 3y ago
    Small caveat: as an apartment dweller, the way to own and operate my own car is to rent an underground parking space, which will, in time, be retrofitted with a charging plug. On the other hand, that's definitely more expensive than street parking and not everyone will be able to afford it, so your statement is overall correct for the majority of people.
    - ricardobeat 3y ago
      In Europe, street parking is usually more expensive than buying/renting a spot in a garage.
      - Fradow 3y ago
        I don't think you can really generalize that easily. Where I live, street parking with a residential permit is way cheaper than renting a spot in a garage, and I know other big cities have similar schemes.
        ricardobeat 3y ago
        You’re right, it’s not even the case where I live, had the wrong figures in mind. No delete action now I’m afraid!
      - Tade0 3y ago
        Where specifically in Europe did you see this to be the case?
    - peoplefromibiza 3y ago
      > is to rent an underground parking space assuming you find one at an affordable rate. Where I live there are no available parking spaces, and parking garages are all fully booked, but even if they weren't, you can't install your own charger. There are a few properties on sale, but the starting price is around 40 thousand euros for 16 square meters.
- ourmandave 3y ago
  You can't even get a USED Tesla for under $20K. And who wants to buy a used Tesla (or any EV) even if the price was competitive? The range degrades with the battery and replacing it costs more than the car is worth.
  - jlundberg 3y ago
    You generally don’t need to replace the battery of an EV during it’s life time.
    - treyfitty 3y ago
      That depends on how you’re defining lifetime. I doubt the batteries of today will last 12 years, which is the average age of cars on US roads.
      - snovv_crash 3y ago
        What data are you basing this on? From what I've seen Teslas still typically have 80%+ capacity after 200k miles.
    - friendzis 3y ago
      Yes, because life of battery effectively equals life of vehicle due to eventual depreciation. For reference, that famous million mile Tesla went through three batteries and eight motors [1]. [1]: https://thedriven.io/2022/06/15/tesla-model-s-owner-passes-incredible-one-million-mile-mark-but-may-switch-to-lucid/ https://thedriven.io/2022/06/15/tesla-model-s-owner-passes-i...
    - nikau 3y ago
      Yes, like the almost million mile tesla model S: As far as we know, the original battery pack had an issue after 290,000 km (180,000 miles) and was replaced under warranty. However, Tesla was initially figuring out the issue and installed a loaner battery, which was used for half a year or 150,000 km (93,000 miles). Then, Tesla installed a new, final battery. We don't have any info about any further replacements, so it might be the first 1 million km battery? In terms of drive units. The Tesla Model S P85 is a single-motor, rear-wheel-drive car. High power and torque was an issue in the early Teslas, which caused a few motor replacements. Three units were replaced by 680,000 km and the fourth one was running up to 1,000,000 km. We don't have any info on whether anything happened after that.
- rcMgD2BwE72F 3y ago
  >The second problem is charging. Apartments generally have a lack of EV chargers. Intuitively, I guess most people would certainly be fine charging once a week for half an hour when going out (restaurant, shopping or else), given the average distance driven per week.
sib 3y ago
>> Model Y is 2 times as expensive as a Corolla. Which makes it that much more impressive that the Model Y outsells the Corolla...
- bushbaba 3y ago
  Model y can get 10k in rebates depending on income. California would wave sales tax, give local rebates, and federal 7.5k rebate.
- peoplefromibiza 3y ago
  there are no State issued EV bonuses/tax rebates for the Corolla. if there were, Corolla would outsell Tesla Y by a large margin.
  - mlni 3y ago
    The article seemed to be about worldwide sales. There's no tax rebate on a Model Y (or Corolla) around here.
    - peoplefromibiza 3y ago
      Yep, point was there are State incentives to buy EVs Worldwide. For example: https://elbil.no/english/norwegian-ev-policy/ https://elbil.no/english/norwegian-ev-policy/ https://www.transportstyrelsen.se/en/road/Vehicles/bonus-malus/bonus/ https://www.transportstyrelsen.se/en/road/Vehicles/bonus-mal... https://europe.autonews.com/environmentemissions/france-reserve-ev-bonus-european-cars-batteries https://europe.autonews.com/environmentemissions/france-rese... https://www.idealista.it/en/news/financial-advice-italy/2022/11/03/171617-electric-car-incentives-italy-2023 https://www.idealista.it/en/news/financial-advice-italy/2022...
resolutebat 3y ago
> Model Y is 2 times as expensive as a Corolla. Which only makes this even more remarkable. What's going to happen when the Tesla 2 comes out and sells for the same price as a Corolla?
- fshbbdssbbgdd 3y ago
  I’ve been waiting 10 years for this, gave up a while ago. Nobody wants to sell electric cars for cheap, why throw away the margins you can get by selling them for more? I don’t see a great opportunity for them to lower costs more on a cheaper model. Tesla already went through the exercise of making the cheaper version and people are paying premium prices for it anyway.
  - oblio 3y ago
    They will, soon. About 30 car manufacturers are entering the EV arena by 2026 and there isn't enough room for all of them at the top.
    - fshbbdssbbgdd 3y ago
      I don’t have data on this, but my subjective impression is that over the last several years, the number of manufacturers selling EVs and the price of EVs have both increased at the same time. Of course, additional supply should normally decrease prices, but maybe there’s something weird going on. Here are some possible mechanisms I dreamed up: 1. Could the various manufacturers (collectively bringing lots of cash to break into the business) be bidding up the cost of some inputs? If high demand allows the market to bear higher prices, maybe everyone just ends up paying more? 2. As EV moves from “government environmental policy compliance program” to “luxury essential”, the types of cars on the market change. Just because it’s technically possible to make a cheap EV, doesn’t mean they will be readily available. By analogy, air-conditioned seats are no engineering marvel, but are usually only offered in upmarket vehicles, probably as a type of price discrimination.
      - moonchrome 3y ago
simion314 3y ago
>Translation: luxury vehicles are the future of car sales. Not in Europe, I was surprised to read that Dacia Sandero a model designed to be cheap was the best seller this year(in Europe), they also hit record sales last year. There are lot of people that do not have the moneyor do not want to spend it on luxury. (and btw before someone points the bad safety rating of Dacia, most of the bad score is because of missing of modern active safety stuff) https://www.romania-insider.com/dacia-sandero-best-sold-europe-january-april-2023 https://www.romania-insider.com/dacia-sandero-best-sold-euro...
- riffraff 3y ago
  I believe it is true in Europe too, it just happens with economic growth. I.e. where people would buy a lot more utility cars before, they now buy more expensive bigger cars even if they don't need them. Those buying bigger cars are now buying SUVs. Dacia ate the market of economy cars of FIAT, SEAT, and Pegeot, while those tried to move up market. That's also why Dacia has the Duster ("SUV for poors") in their line up.
  - simion314 3y ago
    I am not sure where to check this, but I was talking about Luxury cars, not size. In my definition a luxury car is a car that is probably double or more in price then a non luxury car, because of branding and luxury features like luxury interior features, chrome and other shiny stuff on exterior, super fancy design that changes each year. Decent EVs are still expensive and an unknown here in Romania.
mplewis 3y ago
Teslas aren’t luxury vehicles, even if they’re sold at a luxury price point.
- asd88 3y ago
  The base Model Y is not even at a luxury price point after tax credits. But yeah, Tesla’s interior build quality is not really comparable with other luxury cars.
- deleted 3y ago
  [deleted]
nixarn 3y ago
Although the purchase price is higher, lifetime is not much different. https://thedriven.io/2023/04/27/tesla-model-3-total-cost-of-ownership-similar-to-toyota-corolla-over-5-years/ https://thedriven.io/2023/04/27/tesla-model-3-total-cost-of-... And the Model Y is cheaper than the Toyota Rav4 which is in the same category. So cheaper purchase price, and no annual oil changes, cheap miles (at least over in Finland where gas is 2e/liter, 8.14usd/gallon and electricity is around 10euro cents/kwh).
- pleb_nz 3y ago
  RAV4s are approx 40k where I come from, while Tesla is 70k+. Are you teslas cheap or RaVs overpriced?
  - nixarn 3y ago
    Seem very country dependent. I just checked and a rav4 with awd and lane assist (to try to match it to the LR AWD model y) cost ~3k more over here (58k vs 55k euros)
- moonchrome 3y ago
  Where are you getting these prices ? RAV4 is a lower end of price for the category here, even Model 3 is more expensive.
  - nixarn 3y ago
    These are Finland prices. I just checked now the cheapest new awd rav4, and it's 55k (to compare to the LR AWD Moldel Y). But then it you want lane assist, you need another trim level and it'll go up to closer 59k. The model y is 55k.
sundvor 3y ago
It might be "2 times as expensive" up front, but not for the TCO. People really need to remember maintenance costs over the ownership period. In a Tesla all you're really paying for is tyre rotation / alignment / rubber replacements, and air filters. Plus the electricity, in place of fuel. The savings add up significantly.
- londons_explore 3y ago
  People who care about price don't pay $3k/year on car servicing at a car dealer... They buy some reliable model and pay $50 for an oil change every other year.
  - yurishimo 3y ago
    I assume you're not in the US since your pricing is totally out of place with most US consumer spending on vehicle maintenance. $50 for an oil change is about right, but every other year? Even Americans who don't drive that often will generally change it about every 6 months. Not to mention things like tires have a lifespan. Even if they aren't worn out, most tires are not meant to be used for longer than around 5 years. As the rubber ages, its composition changes and it does not perform to the rated specifications. Even cheap tires are $100/ea for everything larger than a subcompact economy car. $400 for tires, divided by 5 years; you get the idea. Car ownership in America does not need to be expensive, but it's nothing like the European mentality. I took my car to a mechanic for an unrelated issue and asked them to change the oil and check fluids while they had it in the shop (I bought it about 6 months earlier) and they called to tell me they weren't going to change it because it wasn't necessary and had paperwork to prove it. This was in the Netherlands in a small town. But here I drive my car 50km a week vs 50km a day when I lived in the US.
    - oefrha 3y ago
      > Even Americans who don't drive that often will generally change it about every 6 months. What? Back when I drove a Corolla (in the U.S.) I never changed my oil more than once a year, and no one ever pestered me about it. Where did you get that?
prmoustache 3y ago
I think one of the reason is most non uber wealthy people are putting a hold on car purchases right now until EV prices go down. We are in a huge transition phase, with lots of inflation everywhere. For most people EV are still too expensive or inconvenient [1] and they don't want to buy a new ICE car or start a 5y leasing on a car they may soon not be allowed to use wherever they want.[2] Also they fear they won't be able to resell it. It makes more sense to keep that old, already well depreciated old car or buy a fairly recent second hand ICE, hybrid or EV that has already depreciated a lot. My only non muscular vehicle right now is an ICE motorbike. There is no way I can afford an EV car and I don't want to deal with an ICE car I won't be able to sell for more than scrap value when EV prices will go down. [1] if don't have parking space at home. [2] many big cities have started banning diesel cars in center, will probably do the same for gasoline soon. ICE cars will soon become unsellable.
- raydev 3y ago
  > most non uber wealthy people are putting a hold on car purchases right now until EV prices go down I've been wondering how many others are frustrated like I am. I've hit the 10 year mark on my current ICE vehicle, and I sorta assumed EVs would be a lot more common and cheaper now. Even the small vehicles are being sold for luxury prices, and the 7-seaters (which I'm looking at) are priced in the high-end-yesteryear-sports-car tier. I'm seriously considering just buying a Tahoe or Telluride and waiting another 10 years for an EV.
mypalmike 3y ago
Where I live, $5k for a used Corolla gets you something with over 200k miles and which needs another $5k (at least) to address deferred maintenance.
- 93po 3y ago
  And leaves you with a car now with $7k.

deleted 3y ago

[deleted]

Sohcahtoa82 3y ago

> I don't see people in the service industry picking up a used Tesla, now or in the foreseeable future. Purchase price, you've already touched on. You can't even get a USED Tesla for under $20K. The second problem is charging. Apartments generally have a lack of EV chargers.

paganel 3y ago
> Apartments generally have a lack of EV chargers. That's the trick, people living in apartments are not supposed to own and operate their own cars going forward. As a live in an apartment myself I wasn't aware of that fact at the beginning, I kept asking myself: "how am I supposed to charge my car if I'm living on the 8th floor?". Turns out I was looking at the whole thing through the wrong lenses. What's really perverse about it (there's no better word to describe it) is that us, people living in apartments, do currently have a smaller carbon footprint compared to people living in actual houses, and yet we are the ones being punished as a result of measures which are meant to improve our global carbon footprint. So the solution for me, if I'd still want to own a personal car, would be to increase my carbon footprint by moving to an actual house on the ground, preferably in suburbia because cheaper (where there's also no proper public transportation to speak of).
- laratied 3y ago
  Let them eat cake.
  - itsyaboi 3y ago
    *carbon-neutral, cruelty-free, insect-based protein bars.
- gambiting 3y ago
  >>people living in apartments are not supposed to own and operate their own cars going forward. That's such a weird thing to say. What do you mean not supposed to own? For healthy young people - ok, fine, fair enough. How about the disabled? The old and frail? People with kids? People who drive for work? Where are the above meant to park and charge? And please don't say these usecases are going to be replaced with autonomous cars, that's complete nonsense, especially for specific usecases like disabled people who need specially adapted cars.
  - elcomet 3y ago
    Public transport should be better than driving if you're old or frail.
    - xmcqdpt2 3y ago
      Or have sight problems, or are currently drinking, or have inner ear issues, or epilepsy, or are very tired, or want to read a good book, or...
  - peoplefromibiza 3y ago
    > That's such a weird thing to say. What do you mean not supposed to own? disincentives work the same way of incentives, but in the opposite direction. EVs are an hassle to own if you live in a dense urban area, like those you can find in many European cities. I predict many people will give up on owning a car when confronted with the drawbacks. > like disabled people who need specially adapted cars disabled people have reserved parking spots, that will eventually be equipped with an EV charger
- Fradow 3y ago
  Small caveat: as an apartment dweller, the way to own and operate my own car is to rent an underground parking space, which will, in time, be retrofitted with a charging plug. On the other hand, that's definitely more expensive than street parking and not everyone will be able to afford it, so your statement is overall correct for the majority of people.
  - ricardobeat 3y ago
    In Europe, street parking is usually more expensive than buying/renting a spot in a garage.
    - Fradow 3y ago
      I don't think you can really generalize that easily. Where I live, street parking with a residential permit is way cheaper than renting a spot in a garage, and I know other big cities have similar schemes.
      - ricardobeat 3y ago
        You’re right, it’s not even the case where I live, had the wrong figures in mind. No delete action now I’m afraid!
    - Tade0 3y ago
      Where specifically in Europe did you see this to be the case?
  - peoplefromibiza 3y ago
    > is to rent an underground parking space assuming you find one at an affordable rate. Where I live there are no available parking spaces, and parking garages are all fully booked, but even if they weren't, you can't install your own charger. There are a few properties on sale, but the starting price is around 40 thousand euros for 16 square meters.
ourmandave 3y ago
You can't even get a USED Tesla for under $20K. And who wants to buy a used Tesla (or any EV) even if the price was competitive? The range degrades with the battery and replacing it costs more than the car is worth.
- jlundberg 3y ago
  You generally don’t need to replace the battery of an EV during it’s life time.
  - treyfitty 3y ago
    That depends on how you’re defining lifetime. I doubt the batteries of today will last 12 years, which is the average age of cars on US roads.
    - snovv_crash 3y ago
      What data are you basing this on? From what I've seen Teslas still typically have 80%+ capacity after 200k miles.
  - friendzis 3y ago
    Yes, because life of battery effectively equals life of vehicle due to eventual depreciation. For reference, that famous million mile Tesla went through three batteries and eight motors [1]. [1]: https://thedriven.io/2022/06/15/tesla-model-s-owner-passes-incredible-one-million-mile-mark-but-may-switch-to-lucid/ https://thedriven.io/2022/06/15/tesla-model-s-owner-passes-i...
  - nikau 3y ago
    Yes, like the almost million mile tesla model S: As far as we know, the original battery pack had an issue after 290,000 km (180,000 miles) and was replaced under warranty. However, Tesla was initially figuring out the issue and installed a loaner battery, which was used for half a year or 150,000 km (93,000 miles). Then, Tesla installed a new, final battery. We don't have any info about any further replacements, so it might be the first 1 million km battery? In terms of drive units. The Tesla Model S P85 is a single-motor, rear-wheel-drive car. High power and torque was an issue in the early Teslas, which caused a few motor replacements. Three units were replaced by 680,000 km and the fourth one was running up to 1,000,000 km. We don't have any info on whether anything happened after that.
rcMgD2BwE72F 3y ago
>The second problem is charging. Apartments generally have a lack of EV chargers. Intuitively, I guess most people would certainly be fine charging once a week for half an hour when going out (restaurant, shopping or else), given the average distance driven per week.

sib 3y ago

>> Model Y is 2 times as expensive as a Corolla. Which makes it that much more impressive that the Model Y outsells the Corolla...

bushbaba 3y ago
Model y can get 10k in rebates depending on income. California would wave sales tax, give local rebates, and federal 7.5k rebate.
peoplefromibiza 3y ago
there are no State issued EV bonuses/tax rebates for the Corolla. if there were, Corolla would outsell Tesla Y by a large margin.
- mlni 3y ago
  The article seemed to be about worldwide sales. There's no tax rebate on a Model Y (or Corolla) around here.
  - peoplefromibiza 3y ago
    Yep, point was there are State incentives to buy EVs Worldwide. For example: https://elbil.no/english/norwegian-ev-policy/ https://elbil.no/english/norwegian-ev-policy/ https://www.transportstyrelsen.se/en/road/Vehicles/bonus-malus/bonus/ https://www.transportstyrelsen.se/en/road/Vehicles/bonus-mal... https://europe.autonews.com/environmentemissions/france-reserve-ev-bonus-european-cars-batteries https://europe.autonews.com/environmentemissions/france-rese... https://www.idealista.it/en/news/financial-advice-italy/2022/11/03/171617-electric-car-incentives-italy-2023 https://www.idealista.it/en/news/financial-advice-italy/2022...

resolutebat 3y ago

> Model Y is 2 times as expensive as a Corolla. Which only makes this even more remarkable. What's going to happen when the Tesla 2 comes out and sells for the same price as a Corolla?

fshbbdssbbgdd 3y ago
I’ve been waiting 10 years for this, gave up a while ago. Nobody wants to sell electric cars for cheap, why throw away the margins you can get by selling them for more? I don’t see a great opportunity for them to lower costs more on a cheaper model. Tesla already went through the exercise of making the cheaper version and people are paying premium prices for it anyway.
- oblio 3y ago
  They will, soon. About 30 car manufacturers are entering the EV arena by 2026 and there isn't enough room for all of them at the top.
  - fshbbdssbbgdd 3y ago
    I don’t have data on this, but my subjective impression is that over the last several years, the number of manufacturers selling EVs and the price of EVs have both increased at the same time. Of course, additional supply should normally decrease prices, but maybe there’s something weird going on. Here are some possible mechanisms I dreamed up: 1. Could the various manufacturers (collectively bringing lots of cash to break into the business) be bidding up the cost of some inputs? If high demand allows the market to bear higher prices, maybe everyone just ends up paying more? 2. As EV moves from “government environmental policy compliance program” to “luxury essential”, the types of cars on the market change. Just because it’s technically possible to make a cheap EV, doesn’t mean they will be readily available. By analogy, air-conditioned seats are no engineering marvel, but are usually only offered in upmarket vehicles, probably as a type of price discrimination.
    - moonchrome 3y ago

simion314 3y ago

>Translation: luxury vehicles are the future of car sales. Not in Europe, I was surprised to read that Dacia Sandero a model designed to be cheap was the best seller this year(in Europe), they also hit record sales last year. There are lot of people that do not have the moneyor do not want to spend it on luxury. (and btw before someone points the bad safety rating of Dacia, most of the bad score is because of missing of modern active safety stuff) https://www.romania-insider.com/dacia-sandero-best-sold-europe-january-april-2023 https://www.romania-insider.com/dacia-sandero-best-sold-euro...

riffraff 3y ago
I believe it is true in Europe too, it just happens with economic growth. I.e. where people would buy a lot more utility cars before, they now buy more expensive bigger cars even if they don't need them. Those buying bigger cars are now buying SUVs. Dacia ate the market of economy cars of FIAT, SEAT, and Pegeot, while those tried to move up market. That's also why Dacia has the Duster ("SUV for poors") in their line up.
- simion314 3y ago
  I am not sure where to check this, but I was talking about Luxury cars, not size. In my definition a luxury car is a car that is probably double or more in price then a non luxury car, because of branding and luxury features like luxury interior features, chrome and other shiny stuff on exterior, super fancy design that changes each year. Decent EVs are still expensive and an unknown here in Romania.

mplewis 3y ago

Teslas aren’t luxury vehicles, even if they’re sold at a luxury price point.

asd88 3y ago
The base Model Y is not even at a luxury price point after tax credits. But yeah, Tesla’s interior build quality is not really comparable with other luxury cars.
deleted 3y ago
[deleted]

nixarn 3y ago

Although the purchase price is higher, lifetime is not much different. https://thedriven.io/2023/04/27/tesla-model-3-total-cost-of-ownership-similar-to-toyota-corolla-over-5-years/ https://thedriven.io/2023/04/27/tesla-model-3-total-cost-of-... And the Model Y is cheaper than the Toyota Rav4 which is in the same category. So cheaper purchase price, and no annual oil changes, cheap miles (at least over in Finland where gas is 2e/liter, 8.14usd/gallon and electricity is around 10euro cents/kwh).

pleb_nz 3y ago
RAV4s are approx 40k where I come from, while Tesla is 70k+. Are you teslas cheap or RaVs overpriced?
- nixarn 3y ago
  Seem very country dependent. I just checked and a rav4 with awd and lane assist (to try to match it to the LR AWD model y) cost ~3k more over here (58k vs 55k euros)
moonchrome 3y ago
Where are you getting these prices ? RAV4 is a lower end of price for the category here, even Model 3 is more expensive.
- nixarn 3y ago
  These are Finland prices. I just checked now the cheapest new awd rav4, and it's 55k (to compare to the LR AWD Moldel Y). But then it you want lane assist, you need another trim level and it'll go up to closer 59k. The model y is 55k.

sundvor 3y ago

It might be "2 times as expensive" up front, but not for the TCO. People really need to remember maintenance costs over the ownership period. In a Tesla all you're really paying for is tyre rotation / alignment / rubber replacements, and air filters. Plus the electricity, in place of fuel. The savings add up significantly.

londons_explore 3y ago
People who care about price don't pay $3k/year on car servicing at a car dealer... They buy some reliable model and pay $50 for an oil change every other year.
- yurishimo 3y ago
  I assume you're not in the US since your pricing is totally out of place with most US consumer spending on vehicle maintenance. $50 for an oil change is about right, but every other year? Even Americans who don't drive that often will generally change it about every 6 months. Not to mention things like tires have a lifespan. Even if they aren't worn out, most tires are not meant to be used for longer than around 5 years. As the rubber ages, its composition changes and it does not perform to the rated specifications. Even cheap tires are $100/ea for everything larger than a subcompact economy car. $400 for tires, divided by 5 years; you get the idea. Car ownership in America does not need to be expensive, but it's nothing like the European mentality. I took my car to a mechanic for an unrelated issue and asked them to change the oil and check fluids while they had it in the shop (I bought it about 6 months earlier) and they called to tell me they weren't going to change it because it wasn't necessary and had paperwork to prove it. This was in the Netherlands in a small town. But here I drive my car 50km a week vs 50km a day when I lived in the US.
  - oefrha 3y ago
    > Even Americans who don't drive that often will generally change it about every 6 months. What? Back when I drove a Corolla (in the U.S.) I never changed my oil more than once a year, and no one ever pestered me about it. Where did you get that?

prmoustache 3y ago

I think one of the reason is most non uber wealthy people are putting a hold on car purchases right now until EV prices go down. We are in a huge transition phase, with lots of inflation everywhere. For most people EV are still too expensive or inconvenient [1] and they don't want to buy a new ICE car or start a 5y leasing on a car they may soon not be allowed to use wherever they want.[2] Also they fear they won't be able to resell it. It makes more sense to keep that old, already well depreciated old car or buy a fairly recent second hand ICE, hybrid or EV that has already depreciated a lot. My only non muscular vehicle right now is an ICE motorbike. There is no way I can afford an EV car and I don't want to deal with an ICE car I won't be able to sell for more than scrap value when EV prices will go down. [1] if don't have parking space at home. [2] many big cities have started banning diesel cars in center, will probably do the same for gasoline soon. ICE cars will soon become unsellable.

raydev 3y ago
> most non uber wealthy people are putting a hold on car purchases right now until EV prices go down I've been wondering how many others are frustrated like I am. I've hit the 10 year mark on my current ICE vehicle, and I sorta assumed EVs would be a lot more common and cheaper now. Even the small vehicles are being sold for luxury prices, and the 7-seaters (which I'm looking at) are priced in the high-end-yesteryear-sports-car tier. I'm seriously considering just buying a Tahoe or Telluride and waiting another 10 years for an EV.

mypalmike 3y ago

Where I live, $5k for a used Corolla gets you something with over 200k miles and which needs another $5k (at least) to address deferred maintenance.

93po 3y ago
And leaves you with a car now with $7k.