Quote:
Originally Posted by Lubicon
Why are people so reluctant to purchase EV's if the payout is this quick? I've always wondered this.
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Because it's still several steps back before starting to make certain leaps forward. You have to do the math on it and compare it to your personal situation.
Based on what I want and need, a model 3 is still around $15-25K more (closer to $15 now that covid pricing is less ridiculous). I did the calc with a guy who was driving a pick up truck 30000-40000 KM a year (work) and he was saving around $11-13K a year when comparing real receipts here in Calgary.
For others, a calculation where you're saving $2-5K a year is a lot in operating costs (depends on the car you're currently driving and how often you drive). But if you're paying a $10-20K premium to hop into an EV, that's still around a 3-5+ year break even if paying $10+K more (depends if I drive closer to the 12K KM vs 18K KM a year). I also considered financing costs and costs of replacing tires a year earlier in my situation for that $3-5K difference. I know for a fact I wouldn't be able to help myself to that extra performance.
That's not even factoring if someone pays a few grand to upgrade their ability to charge faster at home. I'm also personally in a situation where my electrical box cannot handle it and the cost to upgrade my service is stupid, so I'd be relying on slow charging and occasional supercharging, but that's no big deal.
There's a high likelihood I'll consider BEV or PHEV as my next car when my current one needs replacement or I want something new in about 5 years. At that time incremental costs to get into one makes way more sense for sure.
But if I were selling my current full sized sedan for $15K and buying a model 3 at around $30-35K (with the AWD and long range battery specs I need) puts me in a hole I'll be digging out of for about 3-5 years before I start to profit. It doesn't make good financial sense for me. For my situation, that extra cash flow is a barrier to me doing it.
For those without cashflow concerns and can cash down, this is less of a factor.
Quote:
Originally Posted by Cappy
What if i have to drive to Saskatoon last minute, and our other ICE vehicle is in the shop?!?!?!
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I don't know if you're being serious or not, but I did factor that into one of my calculations. It'd be wise to spend around $300-500 on a small gas generator and a jerry can to have on hand to bring with you as a back up for emergency road trips like that.
But that's purely for avoiding being stranded, not for decreasing the time spent recharging.