EVs vs Gas Cars Which is Cheaper to Own in the Long Run

[@fr9714]

Having owned both for almost 6+y the answer is very clear. EVs are far cheaper to buy and own over 5y. The longer the more savings from EV. Not to mention EV is also drastically lower in pollution. EV saves approx. $1200/y on gas alone (for avg of 50mi driving per day) + $7500 Federal Credit + state credit as applicable (e.g. NJ gives $5k on top of this). So a $50k Tesla Model 3 becomes $37500 right at the start. With $7200k gas savings over 6y and add tire rotation cost, it is now $30,500 basically. There are no real things to maintain apart from rotate tires and change air filter. Gas cars cost about the same at start - $50k for say a good comparable BMW, Audi, Lexus etc. Then oil changes + misc maintenance + cost of gas. Overall, I've found EVs significantly cheaper. Gas cars are amazing and fun to drive but imo EVs are cheaper to own/maintain + EVs are way way cooler and accelerate very fast. One negative against EV - can't really repair them. If you get into an accident in an EV, it's basically totaled. Gas cars are repairable for most things.

[@jamessmyth5949]

The reason you outline is one that mainly prevents me from buying an EV. You state that if you get into an accident your EV is basically totaled. I like things that can be repaired rather than scrapped because you have to admit that cars shouldn't be treated like household appliances and if that's what things have come to it's a real concern. I don't care too much for cutting edge technology either because at the end of the day all the damn thing has to do is get me from point A to point B. I like something that is basic, reliable, inexpensive to insure and economical.

[@fr9714]

@ 100%. I agree w you. But sadly EVs are very complex pieces of engineering and one minor accident and it’s totaled completely. It is a shame really. Gas cars are very complex too but repairable. If that’s you thing to tinker yourself and get it repaired then EV should be your 2nd car. IMO 99% folks don’t care about repairing and honestly good insurance does compensate for EV well.

[@CaresforAll]

A tax credit is not a rebate and does not change the price of the vehicle. It just means you lower your taxable liability by the credit amount. If the credit is $7.500 and your tax liability is 15%, then your actual saving is $1,124. Car salesman love to make you think otherwise. You didn't include the charging cost, which is about the same if you charge at a charging station. Manufacturing an EV causes more pollution than an ICE and what is going to happen to all of the battery waste. The biggest saving would be in maintenance, but only if you hold it longer than the warranty. After that, the ICE would be much more expensive to own since mechanics these days seem to be competing with lawyer wages. The big question is....Where is all this electricity going to come from? California is eliminating natural gas and we already are admonished and charged more for using power from 4 pm to 9. Maybe it's all fake. I'm not saying you are wrong about owning an EV, just that everybody's situation is different and your reasoning is mostly inaccurate and definitely not applicable to all.

[@fr9714]

@ it’s not true that way today. Used to be that way with tax credit. Now you get price reduction. Plus state also gives you a check. Full tank Charging at home costs $10. At supercharger it is $30. Gas full tank is $60. Most charge at home 95% time. Only apt dwellers have some issues. EV = pollution to make + refuel Gas = pollution to make + refuel + run EV is less polluting. My reasoning applies vastly to 90% EV owners which is why Teslas are everywhere now. Not everyone can be stupid always. EVs will be everywhere in just a few years. You’ll see. Gas will become rare soon

[@mrt4575]

Long term winner is diesel... :) EVs dont have much moving parts which when designed well will not create problems... They have electronics with software that will fault as quick as your cellphone... Which is 2 3 years... Sorry... :)

[@CaresforAll]

I'm sorry, but the bot reading this sounds so stupid, I can't bring myself to believe anything I hear. Furthermore, if the OP is so stupid to publish this piece of crap, it has no value at all.

[@dumdumbrown4225]

Your AI reader is pretty dumb 😂

[@hasibulhasan7330]

EV is trash

[@EdPalmatier]

Do you own one? If not, then you have no idea what you're talking about.