Quote:
Originally Posted by Martinjlm
Ditto the bold part. Plus, the $66k will be offset by the incentives allowed under the IRA bill that just passed, and the savings in gas over the life cycle of the vehicle.
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Buying an EV to save on gas is literally the dumbest thing imaginable. I got an email today from my electric company (who has a portal to buy electric cars on their website...imagine Chevron doing that with ICE cars lol) saying I can charge for $1/gal equivalent to fuel.
Okay so let's pretend we don't have the dumbest administration on the planet and US gasoline is still $2.50/gal in my area for the sake of argument (it was actually <$2 at one point only a couple years ago).
Let's also say I have a vehicle which gets a modest 20MPG.
So I am saving, using their math, $1.50 every 20 miles I drive.
Extrapolating (I'll let you confirm my math if it's that important to you), this means $7500 in savings (assuming NO increase in electricity rates or decrease in fuel cost, or a more fuel efficient vehicle, etc. etc.) for every 100,000 miles driven.
Let's make it even stupider and say I get 10MPG and gasoline is $5/gal (and still assuming no increase in electric utility rates)...then I save $40,000 over 100K miles...which will barely cover a base model, or very small/uninspiring EV at best. The 10MPG example by the way is my TRX...
Using the "you'll save so much on fuel!" argument is ridiculous, deceptive, and literally only begins to hold up if fleet fuel efficiency is atrocious (it's not, and continually improves), and governments continue hostility to gasoline production artificially inflating prices.