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140,000k to 200,000k to break-even just on operating costs is insane. That's much longer than I would expect. Keep in mind some of these models would also lose
by legitster 2y ago
140,000k to 200,000k to break-even just on operating costs is insane. That's much longer than I would expect. Keep in mind some of these models would also lose 60% in depreciation in that time.
On the other hand, I would like a realistic cost-of-ownership for used EVs. You can pick them up cheap as chips and that would make the equation very favorable.
- dangus 2y agoThe article says kilometers, not miles. That’s about 86,000-125,000 miles. I don’t think that sounds insane. Every car I buy new I intend to keep for at least 100,000 miles. Otherwise, buying new is something of a waste of money in itself. And like you said, used changes the equation quite a bit.
- legitster 2y agoSure, but the difference is the selling feature is the economy! OP is presenting nearly identical cars. If you just step back and think of it as an upgrade that won't save you money for 8-10 years, and will make your car's resale value lower. Add in the fact that the average buyer is financing, the savings are going to get eaten by the interest. If you do the same math for a hybrid or PHEV, the numbers come out much better.
- dangus 2y agoThis logic doesn’t make sense. We don’t prescribe the same selling point of a vehicle based solely on its power train type. Are the BMW i8 or Acura NSX “economy” cars because they have hybrid engines? Is the selling feature of the Lucid Air Sapphire the economy? I don’t think so, it’s designed to be the fastest sports sedan on the track. Is the selling feature of the VW ID Buzz the economy? No, it’s designed to be the most stylish, colorful, and best driving minivan on the market. It’s a fashion statement more than a practical vehicle. While it is practical, the practicality/economy of it isn’t why people buy it. Is the Hummer EV’s main selling point economy? Of course not. Again, same thing with gasoline cars. They are sold on all kinds of different attributes and not all of them are 100% about dollars per mile.