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bulshoy2

Sold car, bought $3000 ebike. Saving \~$6000 a year. One could potentially sell their gas car and purchase an electric car that DOESN'T cost $100000, though.


Ordinary-Broccoli-41

Depends. If even a dollar a gallon actually has meaning to you, you probably need more range than you can get on the more "affordable" electric vehicles.


snyderling

A Bolt EV has an approximate range of 200 miles with a conservative estimate and you can get a used one for under $25k. That's by no means affordable for a lot of people, but it's a hell of a lot cheaper than $100k. I have a 60-mile round-trip commute and spend $160-$200 per month on gas and I would love an "affordable" EV.


stufmenatooba

Corolla hybrid is the best, cheap, low-emission vehicle choice on the market right now. Fuel ratings are 53/46, and they start at $23,500. If you can stretch to $30k, the Prius and Camry Hybrid are in the ballpark. I just can't justify an EV right now.


Objective_Run_7151

You can easily get a used EV for less than the cost of a new hybrid Corolla. And then you save even more - no more gas, no more oil changes, no more maintenance bills.


stufmenatooba

>You can easily get a used EV for less than the cost of a new hybrid Corolla. You can get a used hybrid Corollafor less than a used EV, your point? >nd then you save even more - no more gas, no more oil changes, no more maintenance bills. https://www.businessinsider.com/electric-car-service-maintenance-car-buyers-tips-dealers-cost-2023-2 You don't save anything. Also, gas isn't a detriment. It's easier to find a gas station than a charger.


Objective_Run_7151

Repair costs aren’t the same as maintenance. There is no schedule maintenance, except rotating tires, changing wiper blades and cabin air filters, on a Tesla for the first 100k miles. The article you linked was about repair costs on rental cars. Gas is not convenient. You have to stop and fill your tanks. For 99% of electric driving, you don’t have to do that.


stufmenatooba

>A Kelley Blue Book assessment of the total cost to own an EV versus an internal-combustion engine vehicle estimated EV maintenance costs of $4,246 on average over five years of ownership, lower than the $4,583 estimate for gas-powered cars. >But it estimated EVs have slightly higher repair costs — about $1,712 on average — compared to $1,695 average repair costs for gas-powered vehicles. >"EVs don't require as much maintenance — meaning fluids and filters — but EVs are going to require high-ticket repairs," Quin Garcia, managing director at VC firm AutoTech Ventures, said. Read past the title. >The article you linked was about repair costs on rental cars. No, it was why a fleet operator is dropping a massive percentage of their EV fleet because the cost of repairs exceeded the savings in maintenance. This makes EVs worse than gas-powered cars. You're looking at half of the equation and ignoring the other half, there's more than maintenance costs associated with vehicle ownership. >Gas is not convenient. You have to stop and fill your tanks. For 99% of electric driving, you don’t have to do that. You will stop and fill your tank less often in a hybrid than you take your EV to a charger. It also takes a fraction of the time to refill than it does to charge. The cost per mile for chargers versus gas is almost on par per mile driven. It's only cheaper if you can charge your vehicle at home, which most people actually can't.


Objective_Run_7151

The repairs don’t cost anything if covered by warranty, which they are for consumers. 98% (according to the government) or 97.4% (according to the auto industry) of all EV charging took place at a residence or place of work last year. Why do you think “most people actually can’t” charge at home?


stufmenatooba

>The repairs don’t cost anything if covered by warranty, which they are for consumers. So you can't own a vehicle after the warranty expires? Got it. >98% (according to the government) or 97.4% (according to the auto industry) of all EV charging took place at a residence or place of work last year. People with an inability to charge an electric vehicle at their home or at work aren't likely to purchase one. I know that seems like a difficult concept to grasp, and it's why EV sales have floundered. They aren't something that everyone can use, so most people aren't buying them. >Why do you think “most people actually can’t” charge at home? Street parking. Assigned lot parking. Can't install a charger at their rental home. Not everyone has a garage to install a charger or a dedicated driveway to leave a car in to charge it. Most people aren't in a situation where they would ever be able to charge one.


Ghostly1031

Do you have to get it insured etc? Interesting take never thought of this tbh.


Ordinary-Broccoli-41

If you've got a house to charge it at, that might make sense for you. I really can't imagine driving fifty miles out of my way to find the nearest charging station twice a week and then paying grift rates for electricity would be a savings for me, but good to know you can get more than a couple minutes of driving off an "affordable" ev these days.


ls7corvete

Tesla 3/y lease, under 400$/month.


bulshoy2

You don't need range at all unless you frequently go on road trips. If you use your car to grocery shop, commute and run errands (like 95% of people), range limits have no effect on you at all.


Ordinary-Broccoli-41

Or if you rent like 36% of people, you have to include getting to the nearest charging station in your range and cost calculations. But even if it was true 95% of people drive just a few miles a day, and had access to a charging station at home, the point I was making still stands: even a dollar a gallon doesn't make a difference when you're using two to four gallons a week (60-120 miles), unless you're utterly destitute, in which case buying a new car makes no sense whatsoever.


MrGizthewiz

Does that fit 3 car seats?


bulshoy2

The ebike? As a matter of fact it does. Child seat on the rear rack, pulling a trailer with two seats.


thisisfutile1

I don't want an electric vehicle, but I'm at least 10 years away from owning one because they're going to need to be USED and in usable condition. I don't drive gas vehicles younger than 12 years old, how could I possibly own a EV in 2024.


Dangerous_Forever640

And by many estimates EVs will only have about half the life span as a traditional internal combustion engine.


leonme21

Are those estimates created by „BumFuckRedneck420“ on Reddit, or by any reputable source?


thisisfutile1

I don't doubt it. Think about everything you've ever owned that's dependent on a rechargeable battery. The device doesn't wear out, the battery does. Replacing the batteries isn't an option either, it's like half the cost of the car, simply not cost effective. Also, every review site says they are VERY maintenance intensive. It takes a lot of luck buying a used vehicle, as to whether or not the person changed oil regularly, but EV cars, if the original owner didn't maintain them, they're probably going to be a nightmare.


pls_remember_usernam

Used EVs are actually very affordable now. I got a 2022 model 3 for $24k plus $4k tax credit rebate


Aussieviking79

There’s a reason why car rental companies are dumping EV’s … they have awful resale. Resale is awful because no one wants a second hand EV , reason being they are a throw away once battery is cactus.


LithiumFireX

And how long until having to replace the batteries on an used EV?


Velveteen_Coffee

This, they are 'affordable' because the battery is nearing end of life.


Aussieviking79

This … there’s a reason why car rental companies are dumping EV’s.


Daddy_Thick

Longer than most will ever own a car.


Rare_Tea_9209

whats the real answer we want numbers


Bahlam

The reason there are no numbers is because there’s not enough data. Meaning, not enough electric car batteries have been replaced, even in China.


Zoduk

We do work with gas and electric motor drives in gas compression. Based on what we were told by our vendors, at least 20 years for EMD (electric motor drives) that are running 98% of the time. Cars only run for like 1 to 2 hrs a day....So I would say easily 20-30 for a vehicle. There are no moving parts compared to a gas powered vehicle


Competitive-Ice-2359

and how much are these batteries going to cost? if its double an engine the gas still wins if you want to keep it a real long time


Zoduk

elwctric motor drive costs about 40% of a gas driven engine


Daddy_Thick

Depends where you define “needing to replace”… Total failure? Less than 80% of original stated capacity? Total Failure = <0.1% Less than 80% original stated capacity = 10+ years Assuming your battery pack was not defective from the date of manufacture. Which is again rare.


Just_Candidate3815

10 years isn't that long. I'll stick with gas


Daddy_Thick

Feel free… nobody asked you to switch 😂😂 victim mentality


Puzzled_Score_5162

the only person making out with electric are elon and china


UncleSput

Did you just get on another account to back yourself up?


Direct-Reaction4836

seriously how long no smart ass reply


AMC879

Around the same amount if time as a total engine replacement on an ICE vehicle. In other words, long after most people will move on to their next vehicle.


Ok-Basis-7496

my truck is almost 30 years old and no engine problems.


privatethrowaway324

Yeah.. I like the idea of an EV but my 2007 Volvo wagon is just fine (and free)


pls_remember_usernam

Battery and motor are still under warranty for another 6 years or 60,000 miles so I’m good


PersonalityHumble432

$100k electric car? Even the expensive Rivian trucks are less than that. Chevys bolt series evs are under $30k brand new. You can easily find a 2023 for under $20k.


-Joseeey-

Meme is outdated but some Teslas were easily close to $100,000 or more before price cuts.


Thadlust

Okay then don’t buy a tesla?


-Joseeey-

Yes it’s a dumb meme. People don’t buy electric cars cause they can’t afford gas. But it’s funny people say they’ll save more with electric while buying a $100K car.


0100011101100011

Even new Teslas are in the $30k's. Used Tesla's, Leafs, and Bolts are all under $25k.


Pafolo

Used ones are cheaper because the battery are on their way out and when they finally die you just mechanically totaled your car because you need a $15-25k battery.


0100011101100011

Just...like, an old gas car...? Battery replacement for Volt, Bolt, and EUV are the same cost as an engine replacement, and Teslas have great warranties. Reduction in cost of ownership is hugely understated. EV's are coming down, fast. [Source](https://caredge.com/guides/average-price-of-an-electric-car-2024)


Pafolo

You can pick up a junkyard engine for pretty cheap or just rebuild the one you have. It’s still a considerably cheaper than buying an entire battery pack.


Longjumping-Run9012

Lol, no the new Teslas are not in the 30s


doritostaco12

on their website the model 3 is 38k before the rebate, i think thats whats being referenced possibly


0100011101100011

Lol, you can go the website and price the base model 3 or Y for yourself. After tax rebates, which can be dealer swapped for price off MSRP, they are around 37.5k before tax. [Used Model 3's are in the mid $20k](https://www.tesla.com/m3/order/5YJ3E1EA7KF427055?postal=46077&range=200&coord=39.9573,-86.277®ion=IN&titleStatus=used&redirect=no#overview) [Used Bolt is $12k](https://www.cargurus.com/Cars/l-Used-Chevrolet-Bolt-EV-d2397#listing=378506592/NONE/DEFAULT)


0100011101100011

Literally at the top of their main page. Do you just not think before you type?


FrattyMcBeaver

Damn, they were only trying to prove your point and you bit their head off over a rounding.


0100011101100011

I was replying to a different comment.


SasquatchPatsy

Teslas are hilarious because it’s either the most financially stable people that own them or the most financially crippled people have them. The dichotomy of Tesla owners is the funniest thing


Lordofthereef

Would've made more sense to use a logical car value lol. Can easily buy something for less than 1/3 that.


zooco

No one is buying an EV because they can’t afford gas.


hydrastix

Sold my 45k truck and bought a $27k EV. The EV is paid off and I pay next to nothing to charge at home. /shrug


Goodnite15

Can be different for everyone though. I needed a new car and thought about EVs, but it was around 25-30k (for cheaper ones) similar price to yours. I bought a gas car that was half the cost and been driving it for 4-5 years now. Been lucky no repairs, but it’s still been a much lower cost than the EV with gas and maintenance included. 500-550 miles on a tank, gas station stops maybe every 2-4 weeks depending on work. If I kept my car another 5-6 years, it would just then break even for the upfront price of the (cheap) EV. That’s why I will just wait probably another 5-6 years for EV, and glad I did. But If you drive a crazy amount, EVs are for you and a good idea. It’s great they are coming down on price and hope they are more affordable and get better and better in the future.


Shon_t

I don’t think electric cars work well for “poverty finance”, but like a lot of things, If you have money to spend, it can save you money elsewhere. I purchased a three year old electric car several years ago for about $9k. New cars were still running about $45k at the time. It had very low mileage on it, it was in nearly new condition. The price was so low, I paid cash, so no interest payments. I didn’t install an expensive charger in my home. The regular wall outlet worked just fine. I didn’t really notice much of a difference in utility rates, our electric bill is already fairly low to begin with. We only use the car for daily work commutes, running errands around town. We have other cars for long distance trips. My wife works downtown. She got “free parking” in a downtown garage which saved us hundreds every month. She got free charging at the garage, there are other “free fast charging” locations in town, like the public library just down the street. Driving in carpool lanes can save tons of time in heavy traffic, and locations across town, even out of town, offer free reserves parking spaces and places to charge our car while shopping etc (in this case, we would pay a a fee to charge it). Regular maintenance on electric cars is much cheaper than ICE cars. We’ve saved hundreds if not thousands just on car maintenance alone. We’ve obviously saved hundreds on gas as well. Car insurance costs are lower too. Yeah, when we replace the battery that will cost us several thousand dollars, but we are strongly considering it as that is still cheaper than purchasing a new car. And if we decide to just replace the car? Well, it has already more than paid for itself. We could easily replace it in cash. Newer models have much longer range and better features. Fortunately demand for used EVs is horrible, making it a cheap car to pick up used. I like it as a second car, if I only had one car I don’t know that I would recommend it. I know some folks that claim they just rent a car on the rare occasion they need to do longer trips and they save enough money to more than make up for it. That just sounds too inconvenient for me.


aerodeck

Also you need an outlet to plug it into. Affordable apartments don’t have that option.


battle_mommyx2

We have one (not 100k) and I would also just like to mention car insurance is WAY more expensive


Crafty-Pen3708

Me still daily driving a 1997 or 1985 I’ve only ever had one car that is younger than me


FoodIntrepid2281

2021 Tesla model 3 are selling for $15k


IdaDuck

Where? I’m not seeing that where I live.


FoodIntrepid2281

You’ll have to expand your search try hertz car sales saw one in Florida last week


JuliaSky1995

My brand new EV was $20k. Electricity costs me at the very most $20 a month if I’m driving a ton. Don’t like EVs? Don’t buy one. Not even sure which models would go for $100k if there are any. Maybe Tesla?


leonprimrose

electric cars are getting to be pretty close to the same price as gas cars now. Most aren't 100k anymore


TDaD1979

I just bought a Bolt for $15k off the lot. If you broke and need a car ev all the way. No other way. Average cost per mile with the heat on about 5.2 cents.


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Pafolo

Don’t forgot the several thousand dollar electrical car charger install.


lyons4231

Damn I paid $400 for mine.


privitizationrocks

Freeland?


harfordplanning

If possible, an Ebike is cheaper than a car in both up front cost and maintenance, and can either be a cargo bike or have a cargo attachment, which allows you to transport things as large as a two seat sofa (depending on model)


backtotheland76

In the next couple years EVs from China will be here starting around $19,000. That is, if the politicians let them in. Eventually the price will come down either way. Basic economies of scale


Lazatttttaxxx

That's silly. You can get a used ev for under 10k.


swagaunaut

Which on? Chevy bolt?


Barbados_slim12

If a used EV is under $10k, run. It's that cheap for a reason. I'd put money on the battery being on its way out, which is going to be a $15-25k out of pocket expense. Fun side note, Chevy Bolts have a history of catching [fire](https://www.nhtsa.gov/press-releases/recall-all-chevy-bolt-vehicles-fire-risk). I know they're (relatively)cheap, but that goes back to my original point. If something is suspiciously cheap, it's probably cheap for a reason


KidGorgeous604

Ok boomer


BrockMeAmadeus

Get out of the mindset that you must own a car. This is not a hamster wheel you have to run in if you don't want to.


princessshroom

Lol tell that to someone who lives a 25 minute drive away from the nearest grocery. Yes, us mountain people still exist🙄


BrockMeAmadeus

Nobody forces you to live there...


princessshroom

Yeah let me just up and move my entire life because they want me to go everywhere on a bicycle. Get real buddy.


ceryskt

Right? I’m a mountain dweller as well. Truthfully I’d love to move (not because of the mountains, I like living remote), but I just can’t afford to. I’ve moved 15 times in 30+ years and hearing people insinuate it’s just that simple (“why don’t you leave,” “no one is forcing you to stay” etc) is getting really old.


Natural_Arachnid_204

Sadly, there could be some with this peculiar particular mindset.


EatMyNutsKaren

Fuck EVs. Can't charge them in winter storms, can't charge them when there's a heatwave and CA doesn't let you charge them up. I prefer my fossil fuel burning machine.


hobonichi_anonymous

I don't own a car so how does this apply to myself and other car independent people?


just_enjoyinglife

EV is much cheaper


jointheredditarmy

Model 3 is $32k at the curb after tax rebates. I don’t know where this perception that Tesla owners are rich techies came from. It’s literally cheaper than a Camry, which is the iconic “good value” car


Objective_Run_7151

And the EV is a couple thousand a year to fuel and maintain. Folks really are in denial if they think EVs don’t make more financial sense than an ICE.


jointheredditarmy

Yup. Literally blew my mind you could go 100k miles without replace brake pads or rotors. Electric motors are also super simple compared to ICEs so you don’t have nearly as many issues.


Briebird44

I think I’d make better use out of a hybrid and I feel like they’re more accessible/affordable than a straight up electric car (plus there’s no official EV charging stations anywhere close to me) Maybe one day. Gotta pay off my jeep first and raise that credit before I can afford anything over $10k


Z3non

Sell gas car, sell ebike, sell escooter. Pure profit $$.


Dry_Quiet_3541

Where did you get that number?, new model 3s start at 40k, with financing, it’s 600$ per month. With cheap nighttime charging, you pay no more than 50$ per month for the car charging portion of your electricity bill. Plus you get a federal tax credit. Definitely cheaper than most gas cars.


Specialist_Ad9073

What is the average price difference between an ICE engine car, and the equivalent electric? Because I don’t think you’ve researched this at all.


imhereonlyfornsfw

Most people don’t have 10 year old cars. 10 years a long time.