That was always the stated goal though. Through multiple interviews and investor days Tesla has stated they are trying to lower the price and sell at higher volume. The battery cost projection chart shows this. Early adopters before 2023 shouldnt have been surprised.
@@GROGU123 That's nonsense. He already dropped the price waaaay back in 2019 or so, then jacked it way up in 2022. Then he crashed the price of the S/X and 3/Y which are still more expensive than when they were first released, but within reason.
I think he's selling now so he will avoid that problem....but he's not the only one thinking about battery life. Anyone thinking of buying a used battery operated car will also be considering potential battery failure.
My volt has 73,000 miles is 7 years old and the battery charges about %90 to what it was new. New it was 55miles and is about 47 miles now, but will still do 52 on non free way driving, until the gas engine engages.
Only thing you forgot to add on your math is the price of the car. You spent $50k on a car, meaning you would have to drive 5-6 times (over 200k, based on your gas saving calculations) miles for you to have any kind of return in investment. Meaning you would have saved way more money if you kept your old cadillac.
his calculations are off. He is comparing with gas guzzlers who get under 20 mpg. If he were to compare with a hybrid CR-V or rav 4 it would have been way worse
@@crimsonlightbinderyeah i gave him the benefit of the doubt. It should have been compared to average vehicle with 30+ mpg and average nation wide electricity cost which is about 23 cent/kw. But even with his calculation, if you buy a new vehicle you are automatically losing your money. So many people trade their vehicle for an electric car for the idea of saving money and 90% of the time they are not.
@@SemiDad Doesn't matter if the Cadillac was free. The comparison begins at a certain point in time when the Cadillac is already old. So the 2 options are to keep that old thing going which is very easy since they're super reliable. The other option is to buy a brand new monstrosity with over half a ton of lithium cells. So he's gotta save that money spent on the new car since he had the option of keeping something old that would've done the exact same job albeit at a higher running cost for the fuel. It's also far better for the environment to reuse something old than to build something new. Especially when that something new requires half a ton of lithium cells. The amount of mining required for that battery pack alone is in the order of 1 million pounds of raw material. So try to offset that with the gasoline you no longer burn with an EV. Most likely your electricity comes from polluting sources anyway and it very inefficiently gets into your car through hundreds of miles of wiring.
Take a long road trip and experience range anxiety, broken chargers, long charge times, high insurance rates, battery replacement costs and get back with us.
+dmf37207 All excellent points I couldn't agree more. If anyone is making the transition to EV's do yourself a favor and go straight to Tesla you won't regret it. I've owned a MSP for two years. Zero range anxiety, Chargers always work,20 min charging time, My insurance went down from my previous car , battery is under warranty for 8 years. When seeking input about EV's talk to people that have actually owned them.
People who don’t own an EV always say things like this even though they have never experienced it. I have owned an ev for 3 years now, best vehicle I have owned. I would never own an ev only, but as a second vehicle its great.
That is a good one but in all seriousness he should cut his losses and sell ASAP. It's very easy to get a minor dent in the battery and then it's junk yard time. Since the battery is the whole underside of the vehicle you'll have to be very careful and baby it like a cheap plastic toy.
@@carloscontreras3633Yeah, he recently traded it in for an ICE vehicle. EV insurance has also skyrocketed in the UK because many insurance companies are refusing to insure them. The average is about a four fold increase. A man insuring a model Y for £1200 a year was recently quoted over £5000. My ICE insurance in the US went up about $200 this year with no claims, accidents or tickets.
Such a great vehicle that you need a second vehicle that is Gas so you have something to drive while the car is charging? The Truck is an expensive accessory to the BEV.
Its not hard...I have had my new Tesla Model Y for two months and have over 4k miles and never went below 40% and only charge to 80%. The range has been perfect for me and I haven't charge anywhere but home yet.
I have driven my electric car for 6 years and 65k miles and have charged at public chargers for probably less than 2% of the time. I do only have a 120 mile range car, but I drive it every day starting with 120+ miles of range. Not really practical for long range trips, but is perfect the other 350 days a year.
@@ronniemullis8717A guy in Australia just drove his Tesla from Alice Springs to Laverton on the Great Central Road, that’s thru the outback… so no, they’re not just for around town….
I’d like to know what part of the country he lives where electricity is only .08 per KW. Most areas of the US pay between .30-.40 per KW for residential electricity. Electricity is .10 per KW where I live and that is considered cheap.
???? did you pay a road use tax on the 40 thousand miles driven in your state since most of the roads where built using a gas tax ?? also is your insurance higher because its a ev ?
How long does your battery last and how much is the car worth with a dead battery. How much are batteries. I would like to drive an electric for the fun of it. But I like my truck.
Used Mach-e is getting cheap enough to become affordable. If a buyer can find one for 25K in a few months, then the partial tax credit still applies. Total price ends up in the low 20's. Not bad.
I bought a used 2015 Nissan Leaf in 2018 for $12,500 and I'm still using it today. The only things I had to change were the tires, auxiliary battery and the rear hatch gas shocks...that's pretty much it. I'm almost at 70K. I drive it around town...all day...everyday...great car ;-)
I live in Massachusetts, my non national grid rate with a lower third party is 15cents per kwh but with added carrying costs closer to 38 cents per kwh. That's charging at home. If I didn't have a third party over 46 cents per kwh. Your 8cents per kwh does it include all charges. Even with gas at 3.37 cheaper to run my hybrid on gas than electric. In mass. My winters can be as low as -10. Every one I know with an EV tells me they loose range in this weather. I have talked and heard from people who have Ford lightning throw a ranch in the bed and loose miles. How about comparing mileage to s Ubuntu crosstrek or Honda that get 35 plus miles per gallon. Selective kwh rate without added charges and comparing to a low mileage vehicle gives a positive to a potential negative.
@@ronorazine9105Why is your electricity so expensive? In WI I'd pay 13.6 cents per kwh with the standard rates. If I opted for special EV charging rates, it'd be an extra $8/month and 6.2 cents for off-peak charging, assuming I paid for the charger installation out of pocket. Some quick math suggests that monthly charging costs would be $31 or $51 for an average 15k mile per year driver at 3.33 miles per kwh. In contrast, at 35mpg and $3.37 per gallon, it'd be $120 per month for an average 15k mile driver with gas.
@@ronorazine9105 I can't cypher some of this but his rate is his rate like everyone else that has posted. I don't get that you have a hybrid but have to rely on others to tell you they lose range in winter. I also don't understand lightning drivers contacting you with hauling stories. Why would he compare his MachE to vehicles that's not in the class of his vehicle? You have 2 choices in 35mpg 2023 cars, entry level like the Honda civic, the Kia Forte and the Toyota Corolla or you have everything else that is the same or more costly than the MachE but those vehicles are of the same fit, finish, and quality where the entry levels are not. My 68' Bug regardless of gas mileage is not a comparison to a Mercedes, BMW, or Lexus.
Not the only charges you need to keep in mind...What about higher insurance? Tires wear out quicker....The inconvenience of waiting to charge while on the hwy?
Local Ford dealer lists 179 Mustang Mach-E in their inventory. One is a 2023 GT MSRP of $73,630, advertised price (dealer discount) of $65,130. One is a 2023 Select MSRP of $45,295, advertised price (dealer discount) of $44,795. Of course these prices exclude all those fake dealer fees including, for this dealer, a $500 fake doc fee. With 179 vehicles in inventory, it is likely this dealer will need to be a bit more willing to lower their prices.
It's possible EVs has hit the peak of sales. Just wait until somebody finds out there battery died out of warranty and their vehicle is worthless despite that they have 46 payments left to make.
the issue with the value is no one is buying them from carvana. the market has dried up. What you have to look forward to: Federal Road Tax by the mile--which will adjust based on which whacko needs to fund some green project. 2) Sky high insurance. Look for your insurance to triple.
@@sam8307 Because BEV are becoming a known quantity now. There will be home insurance riders that say no charging within 50 feet of ANY dwelling. Cities might add a surcharge for fire protection. BEV flew under the radar for some time but they are 1% of the fleet now and aging.
@@dukeraul624 If you don't factor in the cost of a new engine, why would you factor in the cost of a new battery? Right now, these batteries are estimated to last till 200,000 miles. Some of the other companies are rating it even higher..... Here in the rust belt, most people don't even come close to these numbers, so the battery should outlast the actual vehicle.
I remember trying to buy a Honda CRV when they first came out. The dealer told me I'd have to pay over MSRP and be on a waiting list. I never got one, but obviously there are dumb people out there.
I just bought mine back in June. 2023 Select RWD standard range -- and I absolutely love it. Amazingly well equipped for a "base" model. You had me going from the thumbnail and title! I thought you'd soured on it.
That sounds really good beside ignoring the fact that you have to buy a newer $40,000 battery within 15 years , also how much was the charging station on your home?
Idk about that.. I still have the original tires with over 40k miles and I just got them rotated at the dealership and they said the tires looks good still, will make an update video once I have to change them
@@cobracarlos I'm pretty surprised about. I know one of the problems with Teslas is that a lot of people punch it so they scrub off a lot of tire by launching off the line all the time. I live in an area with dozens and dozens of sharp turns and that alone eats tires up.
How many EVs do you own or are you a mechanic who works on EVs? If the answers are "none" and "no" it would be wiser not to have an opinion. (I am a mechanic but I don't wrench on EVs yet as there are so few in my area, so I recuse myself until I have reasonable hands-on wrenching experience on EVs.)
You always have $4.00 or $60.00 for some gas but you may not have$50000 for a new battery. What was the warrenty on this car? My sisters Ford 150 gas truck has 400000 kilometers on it and still running strong.
When did you buy in 2021? The over MSRP madness didn’t really start until late late late 2021 mostly into 2022 when the GT’s came out. I bought mine in July 2021 and I paid under MSRP white premium extended with the glass roof.
I’ve owned my old 90’s BMW for 12 years. Paid $8k and haven’t had a car payment in 9 years. It gets 19/28MPG. I’ve driven 35,000 miles in 9 years. I invested the rest snd then some and have 45 times the price of of my car in investments. Best purchase ever!
Is the insurance cheaper for the Mach-E? I was looking at Tesla's Model S and in California the insurance 2.5 times higher than my Passat TDI. I assumed it was because they are not easy to get collision repair.
What does it cost to replace the battery in that car if it fails at 100 thousand miles it's a boat anchor where a Toyota or Honda gas engine car has still tons of resale value
Did you mention how much your insurance cost over your previous car? Did you factor your tax credit when you look at your current car value after 3 years? Do you think cavana is stupid enough to give you that tax credit and reflect the amount to your current value?
@@rwgarchia5187 Not really. I think a small percentage had a contactor (relay) problem but it's not a big deal. Software updates might/should be settled by now.
.08/KWH is even cheaper than the .09/KWH that I paid in Idaho in 2009. In California, I was paying .17/KWH in 2008. Some charging stations are about .40/KWH
You cannot compare your entire electric bill for your house to your gas expense for your car to imply that the cost of running an electric car would cost you more. Running an electric car would cost a tenth do you wound be saving.
@@jep5105 But the replacement car would cost tens of thousands of dollars. The only cost that matters is TOTAL purchase, operation and maintenance cost i.e. the whole package.
well, back in the day a person bought a car to drive it, not cos how it holds value, people didnt buy a car to sell them, they got one, and driven them until they broke down for good..
Back in what day? I've owned 20 cars over the years and was in the car business for a time. The average time someone owns a car is about 6-8 years. They are typically sold before breakdowns to recoup some of the cost. Your foolish method might only apply to a very small amount of people. You keep cars 20-25 years? Good for you. Most don't.
@@TechridrI've still got my car I bought 16 years ago. Unless I give it away too a family member or friend I'm keeping it till it dies. People get confused about reliability. Mother in just got rid of a 2008 for a 2017 because she wants something more realiable. Be funny if the 2008 just keeps going OK and the 2017 has issues
I own a 2011 Chevrolet Avalanche. I am the second owner and it had 20k miles when I got it. Planned on driving it until it cost me more to drive than it is worth. It now has 214 k miles and I spend $700+ a month on gas with my commute and using it for work. Oil changes, brakes and all I am looking forward ro my new EV. My reservation is on the Aptera. Love it or hate it, it only needs a regular plug to charge, I give my excess home solar power to my electric company to cash in for a ton of money, and the Aptera has solar charging already. I will save a boatload because it is not subject to the taxes of other EVs due to it being an autocycle. I am not promoting it here because of their awesome promotion that will get me a free Aptera after 30 people purchase one using my code, but because they do and you get $30 off your reservation by using it, why not add this to what I would say anyway. What other car brand does that? Try beating those savings lol. So please use my link below if you found my reasoning rational. If not, oh well. lz953.isrefer.com/go/preorder/a114506
It sucks for people who bought them new, but I'm loving this. I've been wanting a Mach-E since they came out but can't afford one new. Used values are getting very close to making this a possibility for me.
That's why leasing an EV makes sense. It's only going to drop in value as they try to push future EVs more mainstream. At this point drive the ever loving piss out of it.
The dealership is going to consider the excessive depreciation into your lease payment....so it's not going to be a benefit. Leasing is simply renting the car.
Yeah, but then you’re still stuck with a vehicle that you have to plug in. I just heard on the radio this week that Ford is having a lease deal on the Mach-E for $499/month. It’s likely the lowest model and something like 10,000 mils/yr terms. Ridiculous..
very good info there thank you.. we here in Australia have just received the mach e last month ( October) see how it goes Ford sold 24 in October so far and start at around $87000 AD thousand for the select..
@@suserman7775 "According to August 2023 depreciation data from independent industry experts, the Kia EV6 should be worth between 58-59% of its new value after three years or 36,000 miles on the road." Which isn't that unusual. My brother bought a Genesis that was less than 3 years old and it had depreciated around 50% in 3 years. Kia's and Hyundai's depreciate like fish on the market, which is why they are a financial disaster new, but a bargain used...
@redbaron6805 Go to any car appraisal site and if you punch in an imaginary 18 month old EV6 you'll see that it's worth about 26k when the MSRP was 52k. That's 50 percent in HALF of 3 years. Yes I should have leased it and made Kia EAT that false residual of 55%. I don't even know how to go about predicting its further loss of value after another 1.5 years.
I paid $2000 for a 17 year old Toyota, and I paid $15 today to fill up my tank after 1 week of driving. Who do you got a better deal. Me or you? Oh...how much is your Insurance?
I don't think there's a good or bad decision made by anyone that has weighed their options and made the decision that is right for them. You sound satisfied and I appreciate hearing your experience.
Electric versus ICE depends on personal situation. I am 74 years old and have 2006 BMW Z4 M Coupe and 2023 VW Golf R. Both 6 speed manuals that provide interaction with the cars that electrics do not have. Depends on what one wants from a car. I do not drive that much miles/year since am retired. I will probably die with these two cars outliving me. If I were younger and working and commuting could consider EV car. Everyone's situation is unique.
i drive to my shop every day 7 days / wk and i bought a new car last december . by this december it will be time for the first oil change at 6000 miles. so i don't see buying electric for the fuel saving but maybe eventually for the instant response.
@@ronblack7870 Schedule a test drive of a Model S Plaid or a Model 3 performance . They are game changers... You'll look forward to EVERY stop light for the rest of your life...hahahahaha
@@ronblack7870 If you plan on keeping that car, try to do at least an oil change every quarter. Oil does break down in time, it is the additive package that is the issue. Depending on the transmission, if a CVT, a transmission fluid change would be a very good idea.
Buying an EV is undoubtedly a good decision for some, yourself incuded, but definitely not all. Once you have to use public chargers to continue your journey then things change drastically. Eg here in the UK a race was held between a BMW 320D and Porsche Taycan. The Taycan really struggled with charging and barely made it and it took a lot longer, the diesel just sailed it. Cost wise, the diesel cost £117 to do John O'Groats to Lands end (the length of the country) and the Taycan cost £262. Plus the Taycan cost £120,000 new and is now valued (bottom trade) at £42,000.
Probably says more about the ev charging structure and the driver than the porsche taycan. The porsche taycan took away the USA canonball record for evs from a Tesla a few years ago.
@geoffreyevans6133 The Taycan owner says the car itself is great, fast, comfortable, instant torque, etc. It's definitely the charging infrastructure, which in the UK seems to be laughable at best.
Could be worse that English guy with the electric porsche paid £120k now 2yrs on worth £42K....😊 added to my Tesla playlist.... many thanks....makes my 18yr old Toyota Aygo owned 4yrs paid £1200...value today exactly the same 😂
With my 4-cyl 2019 Camry SE, I get 400+ miles with City Driving and 600+ miles Highway Driving (with cruise control). When I fill up? It takes 5 minutes tops and I'm on my way with another 400+/600+ miles available. Sure, I have to pay for gas and maintenance. Some of the latter I can do on my own. Most of the costs of regular maintenance is labor. Plus, the car cost me $27k even out the door (plus 2 years free maintenance). I'll stick with my Camry for another 10-15 years. I might consider a new Camry (hybrid-only from 2025 onward) when that time comes. My insurance is also around $1400/year (for 3 cars) full coverage with my safe driving and clean record (plus 12k miles or less a year). Personally, I think that's a bit high. But, oh well.
With the exception of getting it repaired at the dealership, replacing tires is expensive, and expensive insurance 3X more did you mention no resale value after 4 years. Just like a cellphone imagine that.
Eight cents. Where I live rates are over 50 cents. So there would be no savings if I bought one here. I haven't seen those type of rates for nearly 45 years.
By then, I predict EV will be out of the picture. As does Honda and probably other manufacturers. It’s destined to fail regardless. The future is already looking toward more efficient ICE with several different fuel alternatives being considered.
I've been considering an electric vehicle. Why didn't you mention tires and insurance? Aren't those items more expensive on an electric vehicle? Did you have to replace your tires yet? How much more for insurance?
@@vegaspool188 I’ve owned my car for over 5 years, the battery is warrenteee for 8 years or 100,000 miles and usually they last a lot longer than that.
Whenever they receive damage from underneath, when their capacity drops after a significant period of time (think laptops and stuff, so 8 to 10 years) and/or when capacities of these new hard batteries hit the market @@trumpetscall8910
Don't forget the cost of the extra Gas powered vehicle like Carlos drives when the BEV is charging. It's an expensive accessory to a BEV that people barely mention.
Engine and a transmission replacement is very expensive. In the next 5-10years, battery replacement will be much cheaper. This is the first question my boomer in-laws ask. The above is my response.
@@mvann1978 Engine and transmission will last way longer than the battery. Most people know about Maintenance. Have fun with your E car when it catches fire.
@@mvann1978engines and transmissions can last 300k with regular maintenance easily. Ya once you get to that point, it’s gonna be a 10k replacement or more to get the car back on the road. I’m not sure how much an ev battery replacement is but let’s say it’s 10k as well. Well can an ev battery last 300k miles? I doubt it and even if it does, it’s gonna hold a fraction of the charge it used to.
I seriously doubt you only pay eight cent per KWh. Eight cents might be what your electric co charges per KWh, but you need to take into account all the fees and taxes. So, take your TOTAL electric bill and divide by the number of KWhs you used and it will probably be in the 18 cents/KWh range. Also, don't forget to add the power from the chargers when/if you took a road trip. BTW, that Caddy gets 25 MPG on the Highway and 18 in city (I know...I have one). Thanks for sharing your story.
So, using his numbers 17mpg for the Cadillac @ $4 per gallon and 240 miles per full charge @ 8 cents per kW he calculated 1/10th of the cost $900 vs. $9k, for 42k miles. Using your new numbers, 21.25 mpg combined @$4 per gal. is 0.8 of the cost $7,200. And 18 cents is 2.25 more than 8 cents so the new cost is $2k. The new difference in cost is $5,200 for 42k miles driven. So a little ove 1/4 or 28% of the cost. Take into account the inconvenience of long charging wait of EV, less range, battery replacement after so many years… electric still only make sense for short city trips.
I am paying just a bit over ten cents per kWh all in with monthly meter charges etc. My in-laws all in are around the eight cents range all in as well. There is cheap power out there at least in some areas at least. Its the the CA fees! 😁👍
You are very lucky. My KWHs fee goes from $140 in KWHs used (1353 kWhs) to $225 final bill due to all the fees and taxes (in Arizona). When buying a car, I consider convenience and cost. If I can buy a comfortable Cadillac DTS for $7800, (or the one you had mentioned for $25K) I could buy a lot of fuel for the additional $25,000 that a $50K EV would cost me. I have had expensive cars in the past that depreciate fast so I am done wasting money on cars. @@Chris_In_Texas
The problem is that WE are paying for a large portion of his car which is illegal. HE is limiting OUR grid capacity, getting tax rebates we CANNOT get, EVERY ICE CAR is paying a CARBON TAX KICKBACK to MUSK! WHY ARE WE PAYING A TAX TO A PRIVATE CITIZEN???? THAT is why Musk willnot do a hybrid, cause then he loses his carbon tax kick back scam. When this guy gets new service to his house does HE pay the $250,000 to have new lines and transformers run down the street? No WE DO. This guy could not afford his leaf if WE didnt kick in his ownership costs and grid costs. Its a scam but the politicians are making a fortune off their stock ownership and we are just pawns.
Gas savings exist only if you can charge in your own garage. If you live in an apartment or condo, you're screwed. You won't be saving anything on gas.
Back in 2020, when these things started to show up at the dealerships, I happened to be at my local Ford dealer getting my Mustang GT serviced. A mechanic told me that they couldn't get the doors to open on them!
Excellent video. I do think electric cars are the way to go if you can charge at home. Can I ask where you live? 8 cents per KW is insanity cheap. Here in Las Vegas my electric rate went up 60% last year to 16 cents per KW.
Doesn’t the electricity come from coal? So it’s not really green. I won’t even mention child labor and digging into the earth for the battery material. But to each their own. I’m glad you’ve enjoyed it.
Even with electricity produced from coal, an EV emits less CO2 than an ICE car, not to mention all the air pollution. Not to mention coal is less than 22% of the electricity production in the USA, and decreasing. And of course you can chose to use 100% renewable electricity, while you cannot buy clean gas. Regarding "child labor", it is only for cobalt, and the oil industry use far more cobalt (in refineries) than the battery industry. And new EVs have LFP batteries, without cobalt. So are your going to switch from ICE to EV to save some children in Africa ? Or was it just stupid arguments because change is too difficult for you, even to save you own children from the consequences of climate warming ?
how many sets of tires have you bought? how much is your insurance for it? How old is the HV battery? Electric vehicles should depreciate faster then ICE cars because the battery loses capacity on every charge!
Have had mine model y for 3 years. 76k miles later the savings are ridiculous indeed. Racking up the miles so far. I have solar so go figure. Works out great for me. Saved ~12-15 k over three years. The issue with us is we have somewhere to charge at night.
Too many downsides to these things, unless you only go as far as the neighborhood grocery store and have a CEV for longer journeys and or emergencies. My in-laws went all electric, and when their daughter had a brain aneurism 250 miles away, they discovered that their Ford Lightning would not make the journey without stopping for hours to charge and or even find a charging station in Northern Michigan. Talk about anxiety! Even for myself, to own one of these EV's, I would have to upgrade the electrical panel in my house to either 200 amp, or better, 300 amp. That right there to have an electrician do that, is somewhere between $6000 and $15,000 depending on the contractor you talk to. Then the charger, another what, $3000+? I see no benefit to these things, no upside in any way. And then all of the other issues, like towing, where to park in regards to fire, the fact that even a fender bender can be a burden in regards to repairs, etc... I will keep my CEV.
You don’t need to charge your car to full every night. Just like you don’t fill up the gas tank every day. I have had a Volvo C40 Recharge for the past couple of years and haven’t needed a Level 2 charger at home, except once in an emergency. I just plug into a 110 outlet and trickle charge it and only need to do that overnight about once or twice a week. For an emergency, the car comes with the L2 cable, and you can literally plug it into your dryer’s outlet, if it is nearby. Some people just do that all the time and buy a switch to toggle between the car charging and the dryer. My electric bill has not gone up at all in the past two years of charging on a 110 outlet. Not even a single dollar! That surprised me, but it doesn’t really cost more than any other trickle charge on a regular outlet, like your phone and laptop. So far I’ve gone on a roadtrip once, and used my free rapid charging miles from Volvo for the trip. Often times also the machines will let you charge and then announce that your charge was gifted for free. I have also spent zero dollars on maintenance. It is a ease though and soon I have to decide what to get next. The range on the C40 is terrible at 225 miles, which you can increase to about 240 on roadtrips by charging to 100% instead of the usual 90%.
@@westcoastjj3658All well and good, I will stick with my gasser, 500 mile range and five minutes to fill. And from what I have seen in regards to these public charging stations, gasoline is much less expensive.
@@westcoastjj3658 HTF do You know what he needs to charge his vehicle to? Just because you live in Mom's basement and don't need range, doesn't mean everyone is in your situation. Even Carlos who posted this video has an ICE Truck, that he drives while his BEV is charging.
This is what I was afraid of. $7,500 tax credit, but compared to buying a gas car, your EV depreciation cost is 5-10 times higher than any savings from using electricity and the credit in aggregate. For example $48,700 MSRP - $7,500 = $41,000 but it depreciates $20,000. If you bought a regular Mustang for $48,000 (no credit) you'd still have a $35,000 car :) Everyone got scammed.
Is it worth driving an EV rather than a gas car? Maybe the biggest question is "what's your time worth?" You are trying to sell your car and trying to tell others how good it is...but you are selling. Are you buying another EV?
it is much more expensive for EV because they are seen as a luxury honestly I know it is a bit more expensive but when I do get a car it will be a Plug In Hybrid.
Elon cut the MSRP off Teslas by 30% resulting in ALL Teslas readjusting their resale value. This is causing a ripple effect across all EV competitors.
That was always the stated goal though. Through multiple interviews and investor days Tesla has stated they are trying to lower the price and sell at higher volume. The battery cost projection chart shows this. Early adopters before 2023 shouldnt have been surprised.
Another advantage of leasing!
@@GROGU123 That's nonsense. He already dropped the price waaaay back in 2019 or so, then jacked it way up in 2022. Then he crashed the price of the S/X and 3/Y which are still more expensive than when they were first released, but within reason.
@@sprockkets He also needed money to build a new factory. Gigatexas didn't just come from nowhere.
@@GROGU123 Suckahs...
Imagine what it will be worth at 5 years old, when it will no longer take a full charge.
I think he's selling now so he will avoid that problem....but he's not the only one thinking about battery life. Anyone thinking of buying a used battery operated car will also be considering potential battery failure.
My volt has 73,000 miles is 7 years old and the battery charges about %90 to what it was new. New it was 55miles and is about 47 miles now, but will still do 52 on non free way driving, until the gas engine engages.
@@crsp76691that's not going to be the same on an EV where you have no gas engine backup.
The batteries used in the Mach-E are rated for a 30 year lifespan, so, I would gladly take that bet.
@@downixwho rated the battery? Lol
Only thing you forgot to add on your math is the price of the car. You spent $50k on a car, meaning you would have to drive 5-6 times (over 200k, based on your gas saving calculations) miles for you to have any kind of return in investment. Meaning you would have saved way more money if you kept your old cadillac.
his calculations are off. He is comparing with gas guzzlers who get under 20 mpg. If he were to compare with a hybrid CR-V or rav 4 it would have been way worse
@@crimsonlightbinderyeah i gave him the benefit of the doubt. It should have been compared to average vehicle with 30+ mpg and average nation wide electricity cost which is about 23 cent/kw. But even with his calculation, if you buy a new vehicle you are automatically losing your money. So many people trade their vehicle for an electric car for the idea of saving money and 90% of the time they are not.
He didn’t get the Cadillac for free 😂
@@SemiDad Doesn't matter if the Cadillac was free. The comparison begins at a certain point in time when the Cadillac is already old. So the 2 options are to keep that old thing going which is very easy since they're super reliable. The other option is to buy a brand new monstrosity with over half a ton of lithium cells. So he's gotta save that money spent on the new car since he had the option of keeping something old that would've done the exact same job albeit at a higher running cost for the fuel. It's also far better for the environment to reuse something old than to build something new. Especially when that something new requires half a ton of lithium cells. The amount of mining required for that battery pack alone is in the order of 1 million pounds of raw material. So try to offset that with the gasoline you no longer burn with an EV. Most likely your electricity comes from polluting sources anyway and it very inefficiently gets into your car through hundreds of miles of wiring.
@@arcrides6841 well, since the Mach-E is already old you can now forget about the price of the car.
I just bought one , a 2021 at half of MSRP w/ 27k miles. Depreciation is awesome ❤
THANK YOU FOR YOUR SACRIFICE
Take a long road trip and experience range anxiety, broken chargers, long charge times, high insurance rates, battery replacement costs and get back with us.
And along the way, have someone ding your EV and find a body shop willing to fix it.
+dmf37207 All excellent points I couldn't agree more. If anyone is making the transition to EV's do yourself a favor and go straight to Tesla you won't regret it. I've owned a MSP for two years. Zero range anxiety, Chargers always work,20 min charging time, My insurance went down from my previous car , battery is under warranty for 8 years. When seeking input about EV's talk to people that have actually owned them.
AMEN!
People who don’t own an EV always say things like this even though they have never experienced it. I have owned an ev for 3 years now, best vehicle I have owned. I would never own an ev only, but as a second vehicle its great.
Just glad so many only see a tree instead of the forest behind.... 😂 anyone who knows tax system or business owners laugh at your observations
Don't worry about the current value. Keep it as long as it is reliable and not have to pay for the repair cost.
Hahaha! Good one!
Unless you get your EV totalled, then that low resale value hits you in the face. Insurance companies love that part.
When you get near the 100k mark...lucky if you can get scrap for it.
That is a good one but in all seriousness he should cut his losses and sell ASAP. It's very easy to get a minor dent in the battery and then it's junk yard time.
Since the battery is the whole underside of the vehicle you'll have to be very careful and baby it like a cheap plastic toy.
FORD..fix on the road daily
MacMaster paid £120,000 for his Duracell powered Porsche Taycan 2 years ago, he's just had it valued at £43,000 😲
What???? That sounds crazy.
@@carloscontreras3633Yeah, he recently traded it in for an ICE vehicle.
EV insurance has also skyrocketed in the UK because many insurance companies are refusing to insure them. The average is about a four fold increase. A man insuring a model Y for £1200 a year was recently quoted over £5000.
My ICE insurance in the US went up about $200 this year with no claims, accidents or tickets.
Winning😂
How does that compare to the Energizer powered Porsche?
Hey! That's funnier than any Seinfeld episode! Keep 'em coming!
So if it's such a great vehicle, then why doesnt anyone want to buy it?
Such a great vehicle that you need a second vehicle that is Gas so you have something to drive while the car is charging? The Truck is an expensive accessory to the BEV.
Because you get laught at when driving a car that looks like Ford Kuga with Mustang logo on it. ;D
Cause it’s ugly
I bought it, and very happy with it.
@@diqitaldreams I bet you are super happy with the overheating power controller that Ford OTA updated to half performance until they could recall it.
What I would like to know is how you managed to drive 41K in 2 years and charged ONLY at home. If you charge at public chargers it costs A LOT more.
To me EV’s are for around town only. I want one and that’s all it will be used for.
Its not hard...I have had my new Tesla Model Y for two months and have over 4k miles and never went below 40% and only charge to 80%. The range has been perfect for me and I haven't charge anywhere but home yet.
I have driven my electric car for 6 years and 65k miles and have charged at public chargers for probably less than 2% of the time. I do only have a 120 mile range car, but I drive it every day starting with 120+ miles of range. Not really practical for long range trips, but is perfect the other 350 days a year.
@@ronniemullis8717A guy in Australia just drove his Tesla from Alice Springs to Laverton on the Great Central Road, that’s thru the outback… so no, they’re not just for around town….
I’d like to know what part of the country he lives where electricity is only .08 per KW. Most areas of the US pay between .30-.40 per KW for residential electricity. Electricity is .10 per KW where I live and that is considered cheap.
???? did you pay a road use tax on the 40 thousand miles driven in your state since most of the roads where built using a gas tax ?? also is your insurance higher because its a ev ?
How long does your battery last and how much is the car worth with a dead battery. How much are batteries. I would like to drive an electric for the fun of it. But I like my truck.
Used Mach-e is getting cheap enough to become affordable. If a buyer can find one for 25K in a few months, then the partial tax credit still applies. Total price ends up in the low 20's. Not bad.
I bought a used 2015 Nissan Leaf in 2018 for $12,500 and I'm still using it today. The only things I had to change were the tires, auxiliary battery and the rear hatch gas shocks...that's pretty much it. I'm almost at 70K. I drive it around town...all day...everyday...great car ;-)
In massac
I live in Massachusetts, my non national grid rate with a lower third party is 15cents per kwh but with added carrying costs closer to 38 cents per kwh. That's charging at home. If I didn't have a third party over 46 cents per kwh. Your 8cents per kwh does it include all charges. Even with gas at 3.37 cheaper to run my hybrid on gas than electric. In mass. My winters can be as low as -10. Every one I know with an EV tells me they loose range in this weather. I have talked and heard from people who have Ford lightning throw a ranch in the bed and loose miles. How about comparing mileage to s Ubuntu crosstrek or Honda that get 35 plus miles per gallon. Selective kwh rate without added charges and comparing to a low mileage vehicle gives a positive to a potential negative.
That is value! I think even if/when you upgrade, that Leaf might serve as a great second car for around town.
@@ronorazine9105Why is your electricity so expensive? In WI I'd pay 13.6 cents per kwh with the standard rates. If I opted for special EV charging rates, it'd be an extra $8/month and 6.2 cents for off-peak charging, assuming I paid for the charger installation out of pocket.
Some quick math suggests that monthly charging costs would be $31 or $51 for an average 15k mile per year driver at 3.33 miles per kwh.
In contrast, at 35mpg and $3.37 per gallon, it'd be $120 per month for an average 15k mile driver with gas.
@@ronorazine9105 I can't cypher some of this but his rate is his rate like everyone else that has posted. I don't get that you have a hybrid but have to rely on others to tell you they lose range in winter. I also don't understand lightning drivers contacting you with hauling stories. Why would he compare his MachE to vehicles that's not in the class of his vehicle? You have 2 choices in 35mpg 2023 cars, entry level like the Honda civic, the Kia Forte and the Toyota Corolla or you have everything else that is the same or more costly than the MachE but those vehicles are of the same fit, finish, and quality where the entry levels are not. My 68' Bug regardless of gas mileage is not a comparison to a Mercedes, BMW, or Lexus.
Are you waiting until the battery is completely dead,or almost when you made that calculation? Or are you charging from partial charge?
Not the only charges you need to keep in mind...What about higher insurance? Tires wear out quicker....The inconvenience of waiting to charge while on the hwy?
Almost half the value gone in less than 24 months is crazy, most EVs are horrible at holding value anyway but good lord
Local Ford dealer lists 179 Mustang Mach-E in their inventory. One is a 2023 GT MSRP of $73,630, advertised price (dealer discount) of $65,130. One is a 2023 Select MSRP of $45,295, advertised price (dealer discount) of $44,795.
Of course these prices exclude all those fake dealer fees including, for this dealer, a $500 fake doc fee.
With 179 vehicles in inventory, it is likely this dealer will need to be a bit more willing to lower their prices.
yup,not moving those anytime soon
It's possible EVs has hit the peak of sales. Just wait until somebody finds out there battery died out of warranty and their vehicle is worthless despite that they have 46 payments left to make.
the issue with the value is no one is buying them from carvana. the market has dried up. What you have to look forward to: Federal Road Tax by the mile--which will adjust based on which whacko needs to fund some green project. 2) Sky high insurance. Look for your insurance to triple.
That's very True! The road tax and registration cost will kill the deal on EVs.
+Scottiswatchingtele How do you know insurance is going to triple?
@@sam8307Probably due to the fact that some insurance companies will no longer insure them.
@@sam8307Insurance won't triple. Hyperbole.
@@sam8307 Because BEV are becoming a known quantity now. There will be home insurance riders that say no charging within 50 feet of ANY dwelling. Cities might add a surcharge for fire protection. BEV flew under the radar for some time but they are 1% of the fleet now and aging.
When comparing the cost of gasoline versus the cost of electricity, you should factor in the replacement cost of the battery.
do you factor in the cost of a replacement engine for gas vehicle?
@@bwoj42engine no, fuel pump, tank, maybe.
In the same way the cost of the electric motor or dual?
@@bwoj42 I'm at 285,000 miles on my Silverado with the original engine and transmission.
@@dukeraul624 If you don't factor in the cost of a new engine, why would you factor in the cost of a new battery? Right now, these batteries are estimated to last till 200,000 miles. Some of the other companies are rating it even higher..... Here in the rust belt, most people don't even come close to these numbers, so the battery should outlast the actual vehicle.
How much was it to recharge outside away from home? Like a road trip.
I have been selling cars since 1985 yet never have I ever found a customer dumb enough to pay over list/msrp.
😂 I think it was a pandemic thing… I got so lucky was able to snag mine in 2021 for msrp there were dealers asking thousands over!
Dude, I waited 6 months for a Toyota RAV4 for my sister, and had to pay $2,500 over sticker. Maybe you’ve been sleeping in the last 3-4 years
Lmao you obviously don’t know how to negotiate or have bad credit.
The only one sleeping is someone who buys a car you had to wait for and over paid for it as well 😂
I remember trying to buy a Honda CRV when they first came out. The dealer told me I'd have to pay over MSRP and be on a waiting list. I never got one, but obviously there are dumb people out there.
I just bought mine back in June. 2023 Select RWD standard range -- and I absolutely love it. Amazingly well equipped for a "base" model. You had me going from the thumbnail and title! I thought you'd soured on it.
thanks for watching! for the value the select is the way to go for sure, good choice!
LFP battery?
Click bait, i thought the same!
What did the home charger cost, you are not charging over night on 110v
That sounds really good beside ignoring the fact that you have to buy a newer $40,000 battery within 15 years , also how much was the charging station on your home?
He also wasn't adding in the costs of his GAS TRUCK that he drives when the BEV isn't charged!
Caddy should have got 25mpg +
Mine gets 25 or better must be the lead foot.
Don't forget that you go through tires twice as fast w ev due to the weight
Idk about that.. I still have the original tires with over 40k miles and I just got them rotated at the dealership and they said the tires looks good still, will make an update video once I have to change them
@@cobracarlos I'm pretty surprised about. I know one of the problems with Teslas is that a lot of people punch it so they scrub off a lot of tire by launching off the line all the time. I live in an area with dozens and dozens of sharp turns and that alone eats tires up.
EVs go through tires 20% faster. Not 100%.
@@Techridr a slight exaggeration but I'll give you the point
How many EVs do you own or are you a mechanic who works on EVs? If the answers are "none" and "no" it would be wiser not to have an opinion. (I am a mechanic but I don't wrench on EVs yet as there are so few in my area, so I recuse myself until I have reasonable hands-on wrenching experience on EVs.)
You always have $4.00 or $60.00 for some gas but you may not have$50000 for a new battery. What was the warrenty on this car? My sisters Ford 150 gas truck has 400000 kilometers on it and still running strong.
what about far higher insurance costs every year, was that factored in? and seem to be going up for EV's every year.
I'm waiting for the new Rivians to become used Rivians.
Do research on body repairs. Repair bills looks outrageous!
Ughh. Those are so pretentious that they make me want to vomit. Please reconsider.
@@aymanlockhartabledo it yourself
So you drive 240 miles between charges? That's 240 miles per day, I call BS.
He never said he drove 240 miles per day....
Oh dear Larry. Your tiny little brain can't process the information can it?
I get 59 miles per day. Someone buy poor Larry a calculator and show him how to use it...
When did you buy in 2021? The over MSRP madness didn’t really start until late late late 2021 mostly into 2022 when the GT’s came out. I bought mine in July 2021 and I paid under MSRP white premium extended with the glass roof.
How much was the equipment to install/cost? Need to add that in as well, not like it was free. Unless you use the included stuff and you don’t drive
Did you include road tax also tire replacement
I’ve owned my old 90’s BMW for 12 years. Paid $8k and haven’t had a car payment in 9 years. It gets 19/28MPG. I’ve driven 35,000 miles in 9 years. I invested the rest snd then some and have 45 times the price of of my car in investments. Best purchase ever!
Is the insurance cheaper for the Mach-E? I was looking at Tesla's Model S and in California the insurance 2.5 times higher than my Passat TDI. I assumed it was because they are not easy to get collision repair.
No. It's because people drive them like hooligans. 0-60 in 2 seconds is gonna cost more than 6 seconds.
It’s a luxury vehicle. If it’s expensive obviously you don’t have the money
@@TuxedojSince when is a Tesla a luxury vehicle? 😂
You save a lot of money driving an electric car but yet your new mustang electric car dropped half in value and is worth less than most gas cars ……. 😅
"Louisiana has the lowest average electricity rate in the U.S. at 11.04 cents per kilowatt-hour." Check your rate again. 😂😂😂
Probably looked at only the base rate, not the infrastructure rate.
Over night rate in Ontario, Canada is 8 cents.
Odd..I am only paying 8 cents in Pennsylvania....never seen something as high as 11 cents...😂
@@andreasvoss4931 11 is dirt cheap. 8 must be off peak. 😂😂
I’m in a coop in FL and we pay 8.21 cents per KWH
So since the value is less now ..is the insurance less now too?
Ha ha 😂 nice one 👍
What does it cost to replace the battery in that car if it fails at 100 thousand miles it's a boat anchor where a Toyota or Honda gas engine car has still tons of resale value
Did you mention how much your insurance cost over your previous car? Did you factor your tax credit when you look at your current car value after 3 years? Do you think cavana is stupid enough to give you that tax credit and reflect the amount to your current value?
Jan 2024 and used 2021 Mach Es are still expensive.. Where can I buy one for half off new?
aren't there problems with '21 ?MachE?
@@rwgarchia5187 Not really. I think a small percentage had a contactor (relay) problem but it's not a big deal. Software updates might/should be settled by now.
.08/KWH is even cheaper than the .09/KWH that I paid in Idaho in 2009.
In California, I was paying .17/KWH in 2008.
Some charging stations are about .40/KWH
And it’s not going to get any cheaper.
The charging stations lose money even at that rate. Check the stock price of the charging station companies, nobody will invest in them anymore.
How much did it cost for charger install at home?
How many sets of tires over 42k miles?
I fill my 2004 Toyota Camry XLE up once a month. My gas bill this month is $26.30, my electric bill is $91.34!
You cannot compare your entire electric bill for your house to your gas expense for your car to imply that the cost of running an electric car would cost you more. Running an electric car would cost a tenth do you wound be saving.
@@jep5105 But the replacement car would cost tens of thousands of dollars. The only cost that matters is TOTAL purchase, operation and maintenance cost i.e. the whole package.
well, back in the day a person bought a car to drive it, not cos how it holds value, people didnt buy a car to sell them, they got one, and driven them until they broke down for good..
there's so many good cars out right now though its hard to keep one long term! 😂
Well, gotta pay to play I guess if you want new toys.
Back in what day? I've owned 20 cars over the years and was in the car business for a time. The average time someone owns a car is about 6-8 years. They are typically sold before breakdowns to recoup some of the cost. Your foolish method might only apply to a very small amount of people. You keep cars 20-25 years? Good for you. Most don't.
@@TechridrI've still got my car I bought 16 years ago. Unless I give it away too a family member or friend I'm keeping it till it dies. People get confused about reliability. Mother in just got rid of a 2008 for a 2017 because she wants something more realiable. Be funny if the 2008 just keeps going OK and the 2017 has issues
I own a 2011 Chevrolet Avalanche. I am the second owner and it had 20k miles when I got it. Planned on driving it until it cost me more to drive than it is worth. It now has 214 k miles and I spend $700+ a month on gas with my commute and using it for work. Oil changes, brakes and all I am looking forward ro my new EV. My reservation is on the Aptera. Love it or hate it, it only needs a regular plug to charge, I give my excess home solar power to my electric company to cash in for a ton of money, and the Aptera has solar charging already. I will save a boatload because it is not subject to the taxes of other EVs due to it being an autocycle. I am not promoting it here because of their awesome promotion that will get me a free Aptera after 30 people purchase one using my code, but because they do and you get $30 off your reservation by using it, why not add this to what I would say anyway. What other car brand does that? Try beating those savings lol. So please use my link below if you found my reasoning rational. If not, oh well.
lz953.isrefer.com/go/preorder/a114506
Is that 8cents all-in ( including all fees and taxes)? If not, you have to recalculate.
I get the gas savings but how much are you upside down in value vs your gas savings.
It sucks for people who bought them new, but I'm loving this. I've been wanting a Mach-E since they came out but can't afford one new. Used values are getting very close to making this a possibility for me.
Do it! These are getting into an affordable price range so tons of value to be had
Used? Getting close to warranty? Repair costs will kill you,
@@onlyme972 the car's batteries are warrantied for 8 yr / 100,000 miles....
Junk
You don't want any EVs, they explode without warning. Plus maintenance will bring you to the poor house fast!
That's why leasing an EV makes sense. It's only going to drop in value as they try to push future EVs more mainstream. At this point drive the ever loving piss out of it.
The dealership is going to consider the excessive depreciation into your lease payment....so it's not going to be a benefit. Leasing is simply renting the car.
@@northdakotaham1752 you can hand over the car. You wouldn't have to worry about the difference.
@@SyrupCanuck you won't get the car to begin with bc the price will be too high. The excessive depreciation will be added to the contract up front.
Yeah, but then you’re still stuck with a vehicle that you have to plug in. I just heard on the radio this week that Ford is having a lease deal on the Mach-E for $499/month. It’s likely the lowest model and something like 10,000 mils/yr terms. Ridiculous..
Tell me what you think when you have to replace the battery $$$$
very good info there thank you.. we here in Australia have just received the mach e last month ( October) see how it goes Ford sold 24 in October so far and start at around $87000 AD thousand for the select..
The price of the car is like paying in advance for whatever savings in fuel costs.
So no savings whatsoever
You're right unless you consider if he would have leased instead.
That is bizarre claim. Like gas cars don't depreciate....
@@redbaron6805 I've had many cars, but my EV6 depreciated 25k in 18 months. Do the math and revisit your statement.
@@suserman7775 "According to August 2023 depreciation data from independent industry experts, the Kia EV6 should be worth between 58-59% of its new value after three years or 36,000 miles on the road."
Which isn't that unusual. My brother bought a Genesis that was less than 3 years old and it had depreciated around 50% in 3 years.
Kia's and Hyundai's depreciate like fish on the market, which is why they are a financial disaster new, but a bargain used...
@redbaron6805 Go to any car appraisal site and if you punch in an imaginary 18 month old EV6 you'll see that it's worth about 26k when the MSRP was 52k. That's 50 percent in HALF of 3 years. Yes I should have leased it and made Kia EAT that false residual of 55%. I don't even know how to go about predicting its further loss of value after another 1.5 years.
I paid $2000 for a 17 year old Toyota, and I paid $15 today to fill up my tank after 1 week of driving. Who do you got a better deal. Me or you?
Oh...how much is your Insurance?
What do you do to make money and afford new cars each year?
What is the cost of insurance on this vehicle?
Ev total cost of ownership is going to be more than any ice vehicle
Simply false or a lie…
@@TheCrusher72lol. Do the math.
I don't think there's a good or bad decision made by anyone that has weighed their options and made the decision that is right for them. You sound satisfied and I appreciate hearing your experience.
2 more years depreciation on that BEV will change his mind. They go to near ZERO after 5 years. The depreciation never slows down on a BEV.
And the battery cost,?? And life for it? Vs the 10 % of cost savings,?
How much would it cost to fix the battery on an EV? What if it doesn't have a warranty anymore?
44,910 dollars
Zero cost for 8 years. If you panic about "out of warranty," sell it...
Cost to insure difference. Parts availability if you get into an accident (ask Rivian drivers).
Rich Rebuilds can repair it for peanuts.
If EVs are so great, then why is Hertz car rental (USA) dumping 20,000 Teslas?
How much did the Cadillac cost?
How were you only getting 17 mpg on a mid sized v6 Cadillac?
Why anyone would PAY OVER sticker price on a New car is beyond me for sure! I would continue to drive my old car still "THINGS" settled down!
Money is no object to some people. Buying an EV is like being a new toy to play with for many of the people that purchase them.
Electric versus ICE depends on personal situation. I am 74 years old and have 2006 BMW Z4 M Coupe and 2023 VW Golf R. Both 6 speed manuals that provide interaction with the cars that electrics do not have. Depends on what one wants from a car. I do not drive that much miles/year since am retired. I will probably die with these two cars outliving me. If I were younger and working and commuting could consider EV car. Everyone's situation is unique.
i drive to my shop every day 7 days / wk and i bought a new car last december . by this december it will be time for the first oil change at 6000 miles. so i don't see buying electric for the fuel saving but maybe eventually for the instant response.
@@ronblack7870 Schedule a test drive of a Model S Plaid or a Model 3 performance . They are game changers... You'll look forward to EVERY stop light for the rest of your life...hahahahaha
@@ronblack7870 If you plan on keeping that car, try to do at least an oil change every quarter. Oil does break down in time, it is the additive package that is the issue. Depending on the transmission, if a CVT, a transmission fluid change would be a very good idea.
@@sam8307Everyone I see driving EVs,is always doing under the speed limit.
What about insurance…. Tires… repair cost & what’s gonna happen around 100,000 miles ❓
So basically if you don’t plan on long term ownership. Do not buy it.
Buying an EV is undoubtedly a good decision for some, yourself incuded, but definitely not all. Once you have to use public chargers to continue your journey then things change drastically. Eg here in the UK a race was held between a BMW 320D and Porsche Taycan. The Taycan really struggled with charging and barely made it and it took a lot longer, the diesel just sailed it. Cost wise, the diesel cost £117 to do John O'Groats to Lands end (the length of the country) and the Taycan cost £262. Plus the Taycan cost £120,000 new and is now valued (bottom trade) at £42,000.
+f-u-nkyf-u-ntime Buy a Tesla and all those problems go away.
Probably says more about the ev charging structure and the driver than the porsche taycan. The porsche taycan took away the USA canonball record for evs from a Tesla a few years ago.
@geoffreyevans6133 The Taycan owner says the car itself is great, fast, comfortable, instant torque, etc. It's definitely the charging infrastructure, which in the UK seems to be laughable at best.
@@sam8307 do they run on air?
TinCan Cost What - I think more than DOUBLE ?
Could be worse that English guy with the electric porsche paid £120k now 2yrs on worth £42K....😊 added to my Tesla playlist.... many thanks....makes my 18yr old Toyota Aygo owned 4yrs paid £1200...value today exactly the same 😂
With my 4-cyl 2019 Camry SE, I get 400+ miles with City Driving and 600+ miles Highway Driving (with cruise control). When I fill up? It takes 5 minutes tops and I'm on my way with another 400+/600+ miles available. Sure, I have to pay for gas and maintenance. Some of the latter I can do on my own. Most of the costs of regular maintenance is labor. Plus, the car cost me $27k even out the door (plus 2 years free maintenance). I'll stick with my Camry for another 10-15 years. I might consider a new Camry (hybrid-only from 2025 onward) when that time comes. My insurance is also around $1400/year (for 3 cars) full coverage with my safe driving and clean record (plus 12k miles or less a year). Personally, I think that's a bit high. But, oh well.
Its all nice and dandy until your battery breaks and its worth more to replace it than the vehicle itself
What questions did you ask yourself before you made the purchase?
All EVs are through away vehicles.
With the exception of getting it repaired at the dealership, replacing tires is expensive, and expensive insurance 3X more did you mention no resale value after 4 years. Just like a cellphone imagine that.
Not to mention the accessory ICE truck he drives when the BEV isn't charged? And it's associated costs?
Eight cents. Where I live rates are over 50 cents. So there would be no savings if I bought one here. I haven't seen those type of rates for nearly 45 years.
How much do you want in Australian dollars ?
Hard to believe you drive over 20,000 miles a year and only charge every night at home.
Not really. It averages out as 54 miles per day. Easy to recharge that even with America's shitty 110v overnight.
@@Nickbaldeagle02 Especially when you have an ICE Truck to drive while the BEV is charging! LOL
Ima eventually buy a EV but not right now, ima wait another 10 years where they actually much better and maybe even cheaper EVs
I definitely agree with your thinking. I put a deposit on a Cybertruck. I’m planning on it taking 7 years before it arrives.
By then, I predict EV will be out of the picture. As does Honda and probably other manufacturers. It’s destined to fail regardless. The future is already looking toward more efficient ICE with several different fuel alternatives being considered.
@@Ricky-mo6mv I think you might be VERY wrong.
I’m going to wait 50 years.
@Ricky-mo6mv i doubt EV are going anywhere bro.
How are these RC cars for charging outside in the middle of winter if you don’t own a garage.
Yes but how much are you going to pay when the battery dies.
I've been considering an electric vehicle. Why didn't you mention tires and insurance? Aren't those items more expensive on an electric vehicle? Did you have to replace your tires yet? How much more for insurance?
..and a battery change?
@@vegaspool188 I’ve owned my car for over 5 years, the battery is warrenteee for 8 years or 100,000 miles and usually they last a lot longer than that.
@@vegaspool188 How often do you belive, evs have to change battery?😁
Whenever they receive damage from underneath, when their capacity drops after a significant period of time (think laptops and stuff, so 8 to 10 years) and/or when capacities of these new hard batteries hit the market @@trumpetscall8910
Don't forget the cost of the extra Gas powered vehicle like Carlos drives when the BEV is charging. It's an expensive accessory to a BEV that people barely mention.
Your maintenance costs may be a lot less, that is until you need to replace the battery.
Engine and a transmission replacement is very expensive. In the next 5-10years, battery replacement will be much cheaper. This is the first question my boomer in-laws ask. The above is my response.
@@mvann1978 Engine and transmission will last way longer than the battery. Most people know about Maintenance. Have fun with your E car when it catches fire.
@@mvann1978engines and transmissions can last 300k with regular maintenance easily. Ya once you get to that point, it’s gonna be a 10k replacement or more to get the car back on the road. I’m not sure how much an ev battery replacement is but let’s say it’s 10k as well. Well can an ev battery last 300k miles? I doubt it and even if it does, it’s gonna hold a fraction of the charge it used to.
@@mickshoot3497ice cars burn more than EVs. Hybrids burn more than ices. If you're afraid of a car fire, an ev is your best bet.
@@mickshoot34978-10 year warranties on batteries usually.
The electrical cost is from .32 cents to .55 cents per kilowatt. You need to do your research.
How much will you have saved if your car catches fire and you loose your car and home?
What if an asteroid falls from space and crushes his house?
I seriously doubt you only pay eight cent per KWh. Eight cents might be what your electric co charges per KWh, but you need to take into account all the fees and taxes. So, take your TOTAL electric bill and divide by the number of KWhs you used and it will probably be in the 18 cents/KWh range. Also, don't forget to add the power from the chargers when/if you took a road trip. BTW, that Caddy gets 25 MPG on the Highway and 18 in city (I know...I have one).
Thanks for sharing your story.
So, using his numbers 17mpg for the Cadillac @ $4 per gallon and 240 miles per full charge @ 8 cents per kW he calculated 1/10th of the cost $900 vs. $9k, for 42k miles. Using your new numbers, 21.25 mpg combined @$4 per gal. is 0.8 of the cost $7,200. And 18 cents is 2.25 more than 8 cents so the new cost is $2k. The new difference in cost is $5,200 for 42k miles driven. So a little ove 1/4 or 28% of the cost.
Take into account the inconvenience of long charging wait of EV, less range, battery replacement after so many years… electric still only make sense for short city trips.
I am paying just a bit over ten cents per kWh all in with monthly meter charges etc. My in-laws all in are around the eight cents range all in as well. There is cheap power out there at least in some areas at least. Its the the CA fees! 😁👍
@@Chris_In_Texas 34 cents/kwh for me in California. I was going to go electric, but it was a wash with gas prices.
You are very lucky. My KWHs fee goes from $140 in KWHs used (1353 kWhs) to $225 final bill due to all the fees and taxes (in Arizona). When buying a car, I consider convenience and cost. If I can buy a comfortable Cadillac DTS for $7800, (or the one you had mentioned for $25K) I could buy a lot of fuel for the additional $25,000 that a $50K EV would cost me. I have had expensive cars in the past that depreciate fast so I am done wasting money on cars. @@Chris_In_Texas
The problem is that WE are paying for a large portion of his car which is illegal. HE is limiting OUR grid capacity, getting tax rebates we CANNOT get, EVERY ICE CAR is paying a CARBON TAX KICKBACK to MUSK! WHY ARE WE PAYING A TAX TO A PRIVATE CITIZEN???? THAT is why Musk willnot do a hybrid, cause then he loses his carbon tax kick back scam. When this guy gets new service to his house does HE pay the $250,000 to have new lines and transformers run down the street? No WE DO. This guy could not afford his leaf if WE didnt kick in his ownership costs and grid costs. Its a scam but the politicians are making a fortune off their stock ownership and we are just pawns.
Gas savings exist only if you can charge in your own garage. If you live in an apartment or condo, you're screwed. You won't be saving anything on gas.
There are free chargers around
Our power company just raised their rates by 17.5% this year, how does that effect your math?
Back in 2020, when these things started to show up at the dealerships, I happened to be at my local Ford dealer getting my Mustang GT serviced. A mechanic told me that they couldn't get the doors to open on them!
If he can’t figure out how to push a button, should he be working on your car? He sounds really stupid.
I have a model y and I have to say the interior is nice
it’s meh
Another sheep that took the bait to buy an EV with a big tax credit. LMAO
SUCKERRR!
Excellent video. I do think electric cars are the way to go if you can charge at home. Can I ask where you live? 8 cents per KW is insanity cheap. Here in Las Vegas my electric rate went up 60% last year to 16 cents per KW.
How much have you paid per mile so far
in nz gas is around 3 dollars a litre or 12 nzd a gallon about 8 usd a gallon
that's expensive 😯 do they sell the mach e in nz? if so even more incentive to get one
@@cobracarlosnew Zealand is going to get Chinese EVs
Thanks to the OPEC gangsters.
Yip I agree
Doesn’t the electricity come from coal? So it’s not really green. I won’t even mention child labor and digging into the earth for the battery material. But to each their own. I’m glad you’ve enjoyed it.
Electricity comes from little fairies.
Even with electricity produced from coal, an EV emits less CO2 than an ICE car, not to mention all the air pollution. Not to mention coal is less than 22% of the electricity production in the USA, and decreasing. And of course you can chose to use 100% renewable electricity, while you cannot buy clean gas. Regarding "child labor", it is only for cobalt, and the oil industry use far more cobalt (in refineries) than the battery industry. And new EVs have LFP batteries, without cobalt. So are your going to switch from ICE to EV to save some children in Africa ? Or was it just stupid arguments because change is too difficult for you, even to save you own children from the consequences of climate warming ?
how many sets of tires have you bought? how much is your insurance for it? How old is the HV battery? Electric vehicles should depreciate faster then ICE cars because the battery loses capacity on every charge!
Have had mine model y for 3 years. 76k miles later the savings are ridiculous indeed. Racking up the miles so far. I have solar so go figure. Works out great for me. Saved ~12-15 k over three years. The issue with us is we have somewhere to charge at night.
Too many downsides to these things, unless you only go as far as the neighborhood grocery store and have a CEV for longer journeys and or emergencies. My in-laws went all electric, and when their daughter had a brain aneurism 250 miles away, they discovered that their Ford Lightning would not make the journey without stopping for hours to charge and or even find a charging station in Northern Michigan. Talk about anxiety!
Even for myself, to own one of these EV's, I would have to upgrade the electrical panel in my house to either 200 amp, or better, 300 amp. That right there to have an electrician do that, is somewhere between $6000 and $15,000 depending on the contractor you talk to. Then the charger, another what, $3000+? I see no benefit to these things, no upside in any way. And then all of the other issues, like towing, where to park in regards to fire, the fact that even a fender bender can be a burden in regards to repairs, etc... I will keep my CEV.
You don’t need to charge your car to full every night. Just like you don’t fill up the gas tank every day. I have had a Volvo C40 Recharge for the past couple of years and haven’t needed a Level 2 charger at home, except once in an emergency. I just plug into a 110 outlet and trickle charge it and only need to do that overnight about once or twice a week. For an emergency, the car comes with the L2 cable, and you can literally plug it into your dryer’s outlet, if it is nearby. Some people just do that all the time and buy a switch to toggle between the car charging and the dryer. My electric bill has not gone up at all in the past two years of charging on a 110 outlet. Not even a single dollar! That surprised me, but it doesn’t really cost more than any other trickle charge on a regular outlet, like your phone and laptop. So far I’ve gone on a roadtrip once, and used my free rapid charging miles from Volvo for the trip. Often times also the machines will let you charge and then announce that your charge was gifted for free. I have also spent zero dollars on maintenance. It is a ease though and soon I have to decide what to get next. The range on the C40 is terrible at 225 miles, which you can increase to about 240 on roadtrips by charging to 100% instead of the usual 90%.
@@westcoastjj3658All well and good, I will stick with my gasser, 500 mile range and five minutes to fill. And from what I have seen in regards to these public charging stations, gasoline is much less expensive.
@@westcoastjj3658 HTF do You know what he needs to charge his vehicle to? Just because you live in Mom's basement and don't need range, doesn't mean everyone is in your situation. Even Carlos who posted this video has an ICE Truck, that he drives while his BEV is charging.
This is what I was afraid of. $7,500 tax credit, but compared to buying a gas car, your EV depreciation cost is 5-10 times higher than any savings from using electricity and the credit in aggregate. For example $48,700 MSRP - $7,500 = $41,000 but it depreciates $20,000. If you bought a regular Mustang for $48,000 (no credit) you'd still have a $35,000 car :) Everyone got scammed.
Is it worth driving an EV rather than a gas car? Maybe the biggest question is "what's your time worth?" You are trying to sell your car and trying to tell others how good it is...but you are selling. Are you buying another EV?
How did the insurance compare to the ICE car?
it is much more expensive for EV because they are seen as a luxury honestly I know it is a bit more expensive but when I do get a car it will be a Plug In Hybrid.