Should I Get An Electric Car?

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Electric vehicles are finally gaining traction thanks to popular manufacturers like Tesla and strong government support. But is it still just a hobby for enthusiasts and environmentalists, or does buying an electric car actually make sense for ordinary people?
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Dano Johnson
Fact checker: Yvonne McGreevy
Executive in Charge for PBS: Maribel Lopez
Director of Programming for PBS: Gabrielle Ewing
Assistant Director of Programming for PBS: John Campbell
Images by: Shutterstock
Music by: APM
Two Cents is a production of Spotzen for PBS Digital Studios
sources:
www.washingtonpost.com/climat...
blog.wa.aaa.com/electric/buy-...
www.consumerreports.org/cars/...
afdc.energy.gov/calc/
www.consumerreports.org/cars/...
www.consumerreports.org/cars/...
www.consumerreports.org/money...
www.fool.com/the-ascent/insur...
www.nbcnews.com/business/auto...
www.coxautoinc.com/market-ins...
www.independent.co.uk/climate...
www.independent.co.uk/tech/el...
abc7chicago.com/ford-electric...
fortune.com/asia/2024/01/24/t...

[@rojas-ei6to]

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

[@soriakatrice]

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA.

[@nix-po8wl]

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

[@rojas-ei6to]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@soriakatrice]

Angela Lynn Schilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@rojas-ei6to]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@MeTheOneth]

EVs are not designed to save the environment. EVs are designed to save the auto industry. Designing our cities for people instead of cars is a better long-term solution.

[@UlexiteTVStoneLexite]

Yes they are designed to save the environment. The math has been done on this and they absolutely produce less CO2 and less harm to the environment

[@sd-ch2cq]

​@@UlexiteTVStoneLexite Public transport and bikes is way better for the environment than giving everyone a car. That's why Elon Musk keeps trying to ruin public transport.

[@megustAslagt]

@@Ok_Mountain_8698 that's the whole argument designed for cars instead of humans though, but it is a bit broader: many US cities have been designed for people with cars to drive through them. The argument says that cities should not be designed for through-travel in the first place, but for living instead. Making the area walkable and nicely looking are among the things that can be done to achieve this. This is just one aspect of the whole argument though and there are many nuances and stuff. My point is mostly that the idea behind the original comment does not limit itself to just how people can travel (safely and conveniently of course), and that as long as city design focusses itself primarily on travel (specifically by car, but also other means) and neglecting other aspects that a city should keep in mind, it is not designed for people.

[@kbee225]

​@@Ok_Mountain_8698 They are not designed for people. Read up on some of the modern human centric city concepts. They have stores and things humans need within a two block radius. So a human never has to drive 15 minutes to get to the grocery store.

[@cmxpotato]

​@@Ok_Mountain_8698There's also a problem that cities are too expensive for people to live in, so people need to drive from a rural or suburban neighborhood to the city for work. It seems like preventing access to personal vehicles in some big cities will either force people who cannot afford to live in the city move in, or force people to work outside the city and accept a lower paycheck in their local community. If there is public transportation from rural/suburban areas to the city, that would work. But then how would logistics for that work? Will there be a train station with a massive parking lot moving people back and forth to and from the city?

[@FireSilver25]

I work at home and drive a 4 cylinder Toyota. I only go out a few days a week and it’s a small city. One tank of gas lasts me almost a month. I’ve also been to other countries with waaaaay better public transportation, and it’s a whole other world. That alone would make a huge difference and we could leave lithium deposits in the earth!

[@michaelp4122]

It's funny how city drivers are marketed as the ones who will benefit most from an EV, but because we drive so little, I think the opposite it true. I either drive very short (10km or less) commutes or very long (600km) trips, so an EV is terrible for me. Plus in Canada I like the heat from an ICE car. I still can't believe Tesla's solution to battery drain in the winter was to use the heated seats as opposed to the heater. I need both!

[@winstonmiu]

I think a fuel efficient used car may be the most environmentally-friendly way, relatively. No new manufacturing tolls on the environment while burning relatively less fuel.

[@bigverybadtom]

Funny, I hear people in other countries complain their public transportation stinks. You're going to have to realize that cars are here to stay forever.

[@potcha]

EVs are great for people who rarely use cars and don't really need a car. How lovely

[@krazyd0nut404]

Same spent about $30 on gas a month. Ev is worthless to me.

[@lojickse7en]

Every time I decide to watch one of these informative episodes, it seems either or both of them has a new tat lol

[@mariusa.5863]

Really weird obsession nowadays. Plus a huge waste of money. "How tattoos keep you poor" - how about a vid on that?

[@michaelp4122]

​@@mariusa.5863 I noticed that a lot of new parents tend to buy an EV. It's like having a baby makes people suddenly more environmentally conscientious. Millennials are so weird. Can't afford a house, but tatoo's, take out, and expensive cars are fine.

[@jazcaddell2443]

​@@michaelp4122This just in tattoos are cheaper than houses. 🙄

[@VinnieGer]

@@mariusa.5863tattoos, like a lot of things, are fine to get as long as it’s within your budget. After all, what’s the use of saving money if you can’t buy something nice for yourself every now and again?

[@michaelp4122]

​@@jazcaddell2443Good tatoo's still costs hundreds, if not thousands of dollars. Plus you have to touch them up every few years. Point is, if you justify blowing money on tatoo's and take out, then don't complain about being poor. Same with subscription services, millennials often get expensive phones, with expensive plans, plus every subscription you can imagine.

[@Poptartsicles]

Don't forget, buying a used car is better for the environment than buying new car (even an EV). A fully functional old car just being tossed in the scrap yard years before its time is a massive waste of resources! Remmeber the three R's! Reduce Re-use Recycle! Reducing our "consumption" of cars is the most important factor!

[@thatoneothergamer6158]

can someone pin this comment? cmon people, like this comment into the stratosphere!

[@smileychess]

I was surprised that a money focused channel is promoting new/lease, when there are tons of cheap used EVs out there. They depreciate heavily because of misconceptions. Mine I just got in great condition for only $4,800 after the used EV tax incentive. It doesn’t have great range, but 99% of my trips are under 40 miles (more like 5).

[@newguy954]

​@@jameschalkwig787your hybrid is going to cost double the maintenance 😂

[@autecheee]

@@newguy954 not my experience as a longtime owner of a Prius 150k miles and counting . Even Scotty Kilmer ageees since it’s a Toyota.

[@newguy954]

@@autecheee provide facts and figures not opinions

[@SONOFRENSTER]

Are we not going to talk about the issue of repair-ability? Meaning that the manufacturer has more control with parts and software blocks that prevent a user from repairing their own vehicle?

[@oscarmurga3499]

The opposite

[@EvgeniBelin]

​​​@@oscarmurga3499reparability, or rather, unrepairability of EVs is what drives the number of totaled cars and higher premiums. The issue is 3-fold: there are no parts (ask Hertz how easy it was maintaining 100k Teslas -- and that's Hertz, not Evgeni-from-middle-od-nowhere). Next is "guys" -- EVs high-voltage rails require a lot of education and specialized equipment. There are not enough mechanics for regular cars, forget EVs . Try dropping the battery pack to get to something -- it's flat, it's heavy, it's easy to structurally compromise. Third, standards. There are none. Teslas don't even have an OBD2 port -- they have their own connector and software. So does everybody else. Together, this means very few EVs get repaired, only those with tiny scratches. Anything more serious -- total.

[@SaudadeSunday]

@@EvgeniBelin This is why more regulation is needed for vehicles in general, including right to repair laws.

[@Lepinkainen_]

You have the same issue in modern gasoline powered cars too, they're mostly running on electronics. You can't fix a single issue without a laptop and matching software to talk to the car.

[@ChadGardenSinLA]

There's an episode about this in the current season of The Neighborhood. Marty leaves JPL and teams up w/ his dad to make a repair shop for EVs.

[@VictorPaixao4fun]

Thanks for sharing a nice updated comparison between gas/EVs. Also, to make this discussion more spicy, if we really want to reduce our CO2 emissions we really must consider less car-dependant cities.

[@bigverybadtom]

There is no such animal.

[@bigverybadtom]

@embatbr You can do that in many American small towns too.

[@aaronlandry3934]

Nah, this is America. We’re driving to the nearest McDonald’s. If you really want to talk about emissions and pollution, you should talk about Lithium Extraction and Disposal of Lithium Ion Batteries. Both are extremely awful for the environment. Nobody knows how to safely dispose of the batteries, perhaps garbage islands in China?

[@electric-fire21]

Wow the sewer reptile part was hilarious! Nice job pouring thought and energy into these videos, they are really in their prime.

[@michaelsaenz380]

🙂

[@rachelle2227]

We’ve had an ev for about 2.5 years and we love it! We have a Kia Nero ev. It’s so nice to never have to go to the gas station. We have a level 2 charger at home. We did a few times have scares with a low battery, but that was poor planning on our part, and it was in the cold. The battery does really go down fast when it’s less than like 10 Fahrenheit. And it’s difficult to find level 3 chargers. If there were more fast chargers, this wouldn’t really be an issue. We plan for this now by plugging the car in to charge when it gets below 50% in the winter, and charge to 100% in the winter if we’re going to drive more than an hour. I’d like the ability to have more custom alerts in the car to remind you to charge or to tell you how much less efficient the battery is expected to be at the current temperature. We only go on drives longer than an hour and a half like once a year, so the issue of charging out of the house is small for us, and of course for now you do have to plan where you’re going to charge. It’s annoying how so many charging stations are confusing, and need you to download a new app to use it, and sometimes there’s only one or two chargers in a location.

[@polyspiel]

I own an EV (model 3) with close to 100k miles. It is great, both from a cost, longevity, and environmental perspective. EVs get a 100 MPGe equivalent. I don’t know of any gas car that comes close to that. They also last longer and have less maintenance than gas cars. A Tesla battery will easily go 200,000 miles and still have 80% battery capacity. I don’t know many ICE cars on the road after 200k miles. Finally, it’s cheap to drive because of the high efficiency MPGe. I don’t have a 240v charger at home, but the 120V charge works for almost all days because I am not driving more than 1 hour a day. I will say EVs are not great for road trips, which is why we still have our ICE SUV.

[@laypyu]

Thank you for a good user-pov summary with logic behind it. The general public don't see this bit more often.

[@henrymakepeace]

A good brand combustion engine will work at least a million km. You can't beat that. Once EV battery is dead, the car is toast, also because the newer EV model is so far ahead, not worth the repair the broken one and no one will buy it. Dead battery is a big burden for the environment and it also has a big foot print until manufactured. I don't have the tools to calculate but an EV is possibly less environmentally friendly than an ICE in the long run, especially if used less than 8 years according to a research.

[@polyspiel]

@@henrymakepeace I think you’re not taking into account that EV batteries can be swapped out in the same vehicle, and EV batteries can be recycled as well after they are “toast.” Replacing a battery module in a Tesla is something like $10,000. I would gladly pay $10,000 to have a basically brand new Tesla. This increases the overall longevity of the vehicle itself.

[@riversshadow9678]

I find most discussions around the affordability of EVs to be pretty useless to consumers such as myself. I only buy used vehicles because I don't want to endure the brunt of the vehicles' depreciation. Are 10 year old used EVs or hybrids affordable and reliable? How much will it cost to replace an aging EV/hybrid battery? Seems like the elephant in the room that no EV proponent wants to touch.

[@jeremiahkuehne2400]

Here's the thing...EV batteries have a warranty of 8 or 10 years and 100k miles. Not a ton of EVs have reached beyond the warranty period yet, so not a ton of people have paid out of pocket for a battery replacement. That said, batteries should be fairly reliable and long lasting. People think that because a battery is rated at 500 (hypothetical number) cycles, that means they just die after that, but it's really only at that point that they are down to 80% of their original capacity. They can still be useful for long after that, and plenty of batteries will last longer than the the vehicle itself. In fact, as more and more EVs are on the road and age and get into accidents and parts are salvaged, the price of replacement batteries will fall. Currently a used replacement pack can be found in the $6k range (Tesla Model 3 batteries and Chevy Bolt batteries), which is not that far off from an equivalently aged ICE vehicle engine replacement cost. A battery swap is also significantly easier than an engine swap.

[@smileychess]

There are a ton of low cost used EVs in the market. They’re especially cheap because people think their batteries only last 3 years. Just do a few hours of deep dive KZbin research and you’ll find one that works for your needs and you’ll know how to evaluate a car for its battery degradation. Beyond that, there’s very little maintenance involved, at least compared to a regular car. But if you can’t charge at home, or regularly drive long distances, then don’t bother.

[@chrisportway]

I have a nearly 10 year old EV, the capacity/range is still more than 80% of what it originally was. Milage is about 60k. Time, temperature, and amount of fast charging vs. overnight charging has more impact on battery life than miles driven, different from a gas car. As long as you can charge at home, with even just a standard 110 volt outlet you can get about 50 miles of range in 8 hours (depending on car model). Do you typically drive less than 50 miles a day? Just plug in at night and have full range every single day, no extra time at gas stations or electric charging stations. Most of the older EVs that aren’t crazy priced Teslas were “compliance cars” for CA, OR, WA and MA law, so they have 80 miles range when new. These aren’t good for road-trips. For commuting, getting groceries, etc? Great. They actually get higher range in traffic jams than going 65+ in clear traffic, and higher range on city streets than freeways - opposite of a gas car.

[@n_u001]

@@jeremiahkuehne2400 theres the batteries then theres the motors.

[@williamlancto3655]

Used Chevy Bolts are decently cheap. With the federal rebate alone ($4k) you could get a used Bolt for ~10k (obviously depending on the local market, we got one for $14k) I'd personally go after the 2017-2019 years as they had a battery recall so most of the ones you can buy basically have a brand new battery. Range is over 200 miles. Only downside is they are pretty slow at fast charging, so I wouldn't recommend one for long trips.

[@micahbush5397]

Of course, a major issue with electric vehicles is one that relates to renewable energy in general: Electrical storage of irregular renewable energy sources, like wind and solar. Fortunately, sodium-ion batteries offer a promising solution, because even though they have a lower energy density than lithium-ion batteries, this is less of a problem with stationary applications (ex. solar-powered charging stations), and they have the advantage of being safer and made with far more abundant elements. The main barrier at present is a lack of commercial production capacity, but if LED lights and solar panels are anything to go off of, the price will drop quickly once the manufacturing infrastructure is established.

[@nordette]

Lol I feel like you gas light me by hiring a new actor to play your husband every couple of years...

[@ExploringFate]

I think hybrids might be what might be the next surge.

[@MiguelRPD]

A better question would be: can i buy an ev and an at home charging station?

[@dyj321]

Depends on what you mean. You can have a level 2 charger installed which can charge an ev overnight. Of course you can also use a normal plug, that'll just take way longer

[@afc820]

Just plug it into a normal outlet every time it's in the garage. Most people's cars spend the vast majority of their time parked, and most car trips are just a few miles. Many people can get by just fine charging up normally every night.

[@dyj321]

@@afc820 only problem with this is is that you may lose out on off-peak rates. The benefit of a level 2 charger is that I can charge to my daily maximum all within the off-peak rate of 5 cents/kwh vs 12 cents. Cheap all around, but it definitely helps

[@ssa6227]

No better question is. What is my resale value after 10 years? Think about it.

[@mindfreeze0838]

The resale is crap when you look at the fact these cars lose real range every year, ICE cars dont have that to deal with. A 50gallon fuel tank stores is filled and used the same way with proper maintenance after 10 years, a EV even if its properly serviced(and yes you need to service them because the motors do have fluids in them).

[@ramelchilds7416]

If the EVs could charge via solar while reducing the heat that'd be phenomenal

[@haydenho154]

The Toyota Prius actually can be optioned with a solar roof

[@ramelchilds7416]

@@haydenho154 how long does it take for it to be fully charged, I never knew about that

[@haydenho154]

@@ramelchilds7416 3 days for 40 miles. it's luckily not a full EV, since Toyota refuses to fully commit until they are ready because they are more or less perfectionists. Their only full EV is the bz34/Subaru Solterra which are both the worst EVs you can buy, alongside the Nissan leaf

[@dan6756]

Charge About 6 hours at home while I sleep and about 20 minutes at Tesla supercharger 😊

[@chrishart8548]

​@@haydenho154Toyota held off on making diesel till the technology was better. Crdt was the first diesel. The D4D

[@johnnydragon97]

The truth is buying electric car is not about saving the environment. It's about saving the total cost of ownership compared to ice car.

[@Kilaueaorph4n]

I doubt that that will be the case with the introduction of features-as-a-service business model for cars. With monthly subscriptions for heated seats, internet, etc. the bills m easily surpass the oil change and regular ICE maintenance costs. Insurance premiums are higher for EVs due to higher repair costs. Love the EVs and have had 2 hydrogen cars in California, but currently the savings of gas don’t make up for the increased costs.

[@189Blake]

@@Kilaueaorph4n Sadly, new ICE cars also implement the features-as-a-service model

[@smileychess]

@@Kilaueaorph4n - Nothing you said is unique to EVs.

[@Kilaueaorph4n]

@@smileychess good point, but EV’s are coming to the market in a time where OEMS are rolling out features as a service full steam. Any “gas savings” will be obliterated by a continuous subscription model that will bleed out the pockets of users. Also, repair costs are notably higher nowadays. Doesn’t mean that it could change in the future, though.

[@zodiacfml]

yes and no. not about global warming or climate change but it is about pollution or cleaner air.

[@martalli]

With ranges approaching 300 miles, most people in rural areas, like myself, charge at home. The "public infrastructure" is really most necessary for long trips, and interstates are well supplied, at least if you are driving a Tesla.

[@Lepinkainen_]

As long as you can charge at home (and maybe at work) range is a non-issue unless you're a hardcore roadtripper to whom a 1000 mile trip is an easy day driving.

[@rachelle2227]

Tesla is pushing out adapters for other evs to charge at their charging stations! I believe some are already out on the coasts, more to come next year.

[@martalli]

@@rachelle2227 That's true, and there are plenty of chargers in the Midwest that are open to people with adapters. It isn't just the Tesla chargers, it's the smoothness of the whole experience with a Tesla.... And the cars' ability to update over the years as things change.

[@mindfreeze0838]

​@@martalliyes because its so comforting for Lord Elon to add and remove features as he desires.

[@martalli]

@@mindfreeze0838 No one is saying you have to buy a Tesla. But they are excellent electric cars. VW has a checkered last. Henry Ford certainly wouldn't meet today's standards for a decent person.... But people still bought their cars then, and now. But Tesla has a leg up/are a generation ahead on all the EV competition you will find in there US. Chinese cars, like Volvo and Polestar, are generally the only ones who really compete with Tesla.

[@stephengiles8526]

No chance, used to change my car every 3 years but now own a straight 6 Bmw X3 for 9 years. It has only had 1 minor fault and other than a service/tyres I have had no payments for 5 years + years to come. It does 0-60 in under 6 seconds which is quick enough for me and still in excellent condition with 62000 miles. Living the dream 🍻

[@pierrejean5095]

Change a car every 3 years?? What..is that a cellphone 😂😂😂😂even cellphones don't need to be changed every 3 years. Good for you

[@sohu86x]

You're a terrible person for the environment.

[@--avi]

The insurance cost is not mentioned in the provided information. It is typically 20%-50% more expensive.

[@88Xlmk]

And everyone I know and have EV need to change their tires twice as often due to the car weight and acceleration.

[@andyanderson8888]

Not true, I only pay around $30/month through tesla insurance, before that the cheapest I could find was north of $200

[@iron_recluse]

@@88Xlmkhave an ev and this is accurate

[@gbmoney8746]

Not true at all

[@GetThemLyrics]

My insurance went up $10/month. My tires are still original and just crossed 36k. Just don’t floor it everywhere you go.

[@HalfDoughnut]

really insane yall didnt mention other modes of transportation (biking, walking, public transit) while talking so much about how "green" EVs are. they are still cars and still require massive amounts of roads and infrastructure which is extremely environmentally costly on its own. Cars are literally the WORST mode of transportation for the environment; EV or ICE doesnt change that.

[@drunclecookie216]

not everywhere has public transit, and rural areas you might have to travel a minimum of 15 miles just to go to the grocery store. also, most people in my area that don't work from home have to travel to an office 15 to 30 miles away

[@Eclyptical]

This is a US-based show. It is currently completely unfeasible for a large majority of Americans to go without a car.

[@yateswebb]

Not everywhere having public transit is the point. U think America was just found w tons of roads everywhere? We get what we build for.

[@joshprice4855]

I would also point out that the video is about the economic implication of specifically EVs. Though a video on the pro cons of alt transit would be neat!

[@spankeydingus]

Got a Tesla Model Y for under 40k thanks to the IRA, charge at home for only a couple bucks for a full charge and can go over 300 miles per charge. Also took a road trip to Canada and it was incredibly easy and cheap thanks to supercharging network. Saved tons of money over the past few years and the driving experience has been amazing, highly recommend.

[@a.jlondon9039]

I live in Canada and have a hard time believing your post. You must have only stayed in the large cities. The majority of the country is completely inaccessible to EVs. Don't get me started on the roads. You must have travelled to Canada in the summer or warm weather because our cold weather drains the batteries quickly.

[@reyosegueda6395]

bull 🤣

[@jimthain8777]

@@a.jlondon9039 While there are some charging deserts in Canada (it's a big country), there's lots of chargers in much of the country. The only problems I've heard of are in Northwestern Ontario, and the North of the country generally. Even without a perfect charging network people have managed to drive their EVs across the country. So no, the majority of the country isn't inaccessible to EVs, only certain parts of the country, and the charging network is growing pretty much daily. So it's only a matter of time before you can go anywhere in the country.

[@mg6192]

310 miles is the EPA range for the Model Y long range under the most ideal conditions. In actual practice it's more like 260 miles and even less if you don't charge it past 80% and discharge it under 20% which is critical if you don't want to speed up battery degradation. Even worse in the winter. So it's hard to believe that you are getting 300 miles range.

[@JesusPerez-yc6yu]

​@a.jlondon9039 even if yall did have a bad charging network u can charge at home. If u take a trip as long as ur car can make it to the next charger ur fine.

[@gabedarrett1301]

2:16 That sound is a nice subtle touch!

[@augustuscaeser8939]

there needs to be a single standard charger for all ev cars, otherwise it will be a lot of wasted effort by each car manufacturer to install their own charger and each one not working with the other. Just make a single standard and have all of them be able to share them with each other

[@mikaxms]

In the USA most manufacturers are now switching to the (Tesla) NACS port.

[@BogeyTheBear]

We _had_ one. Then Tesla decided they wanted to make theirs instead.

[@CurveTheRain]

I just bought an EV (my first car!) and I love it! Its perfect for me who basically just needs a commuter car. It would not be an ideal road tripping car but thats fine because my family has an ICE car too. As for changing technology I think that by the time my cars battery needs replaced we will have so many more options for replacement or upgrade and it won’t be as bad as it is now!😊

[@xeneth911]

Just a note. KY, in all their wisdom, decided EV's & Hybrids need a separate tax since they do not use enough gas. So my hybrid cost an additional $60 when doing registrations, and EV's I believe is $120.

[@BogeyTheBear]

That's the road tax. The folks who do all that road repair work get their pay from a tax imposed on all vehicles that drive on those roads. Most convenient way to collect that tax was by adding it to gas prices, but since EV drivers don't buy gas, the state has to collect that tax another way-- the registration fee.

[@xeneth911]

@@BogeyTheBear I do understand that, but the issue I have is that it does not equate. The gas tax meant for the roads changes depending on how much the individual drives. Drive more means more gas. More gas means more total tax for the road. So in a way, the more you use the road, the more you pay. This makes everyone who has an ev or hybrid pay the same, no matter how much they use, and it does not scale. It is singling out those cars. The EV cannot drive less to reduce that tax like a gas car can. An even playing field would be something more like taxing based off of weight. The heavier vehicle, which would cause more ware, would be taxed more.

[@mindfreeze0838]

You do know that EV's are heavier and do more damage to the road right?

[@BogeyTheBear]

@@mindfreeze0838 An EV sedan is no heavier than a light-duty pickup. The greater damage an EV inflicts is upon itself, in terms of tire and brake wear.

[@mindfreeze0838]

​​@BogeyTheBear thats the sedan form factor that people dont really buy, so can you imagine the damage caused by the cars people actually want to buy like the morbidly obese electric Hummer and the Kia EV9. Btw full size pickups arent doing the asphalt any favors.

[@avirtue618]

Answer: Do whatever you like. Just don’t ask me to pay for it.

[@jeffsternisha]

Owned an EV for around 6 years now and have exclusively charged on a normal wall outlet whenever not on a road trip. I get 60-70 miles overnight which is more than the average person drives. And with a conversion to the same adapter, road trips are getting even better!

[@jwc3104]

Just bought my first EV, Tesla Model Y - which was the most sold car in the USA in 2023. (excluding pickups) I paid little over $40k after 7500 ev credit. Insurance was on-par with my other vehicles (I also have F150 and Jeep Wrangler). EV's make sense - a LOT of sense - if (1) it's your daily driver/2nd car, and (2) you live in a home with 240v charger. Don't bash on EVs before you actually experience one. I used to say "ev's are not environmentally friendly" and "I love my Small block V8"... but after owning an EV... it is REALLY FREAKING GOOD.

[@beatriz38]

We had an ev before having a house and before having a house with a 240v charger. It worked because where we were in California both my husband and I could charge at work and there were plenty of superchargers nearby. So there are many situations in which an EV makes sense. BTW, charging was free or very cheap at work for us ;)

[@FLJAMESFL]

Welcome to the EV world, it’s truly amazing. I don’t miss gas stations at all. And let’s not talk about not having to go to service for a ice vehicle. My tire rotations are done right in the driveway by Tesla. I always give the guy a bottle of water and $20 for lunch. Saves me tons of time.

[@EightTo80]

Best car experience ever while saving hundreds of dollars not buying gas

[@nrgonline]

You’re the perfect ev customer. Plus you still have gas cars.

[@hoapham7389]

Suggestions for curious ones, Ioniq electrics 2016 - 2019 in the market have next to none battery degradations.

[@ssa6227]

Oh common! Everybody knows lithium batteries are done in 10 years or so. 5 years and they are half. So your resale fall like ton of bricks.

[@hoapham7389]

@@ssa6227 that is why ioniq electric 1st gen is so exceptional, You wont see one more than 5% degredation. Your argument it still true, exceptions don't make it less true.

[@syarifairlangga4608]

They just limit the battery to stop charging at 85% and wont turn on at 15%

[@garnetdavey8776]

As soon as one lithium cell is worn out, it acts like a load to the other cells, Evs are about control

[@jimthain8777]

@@ssa6227 My Nissan Leaf with no battery heating or cooling still has most of its bars, and it's now 8 years old. So degradation varies from vehicle to vehicle, driver to driver.

[@ranggaajibaskara1809]

If some people can figure out how to make batteries that can take really quick charging (up to seconds), maybe we should consider to build a lightning/thunder power plant

[@ssa6227]

More than that batteries need to get cheaper to make EVs viable.

[@EvgeniBelin]

It's not just about the batteries. You also need to deliver an incredible amount of electricity for fast charging. The grid is not ready for charge-in-seconds scale up to cities

[@BensEcoAdvntr]

4:55 major mistake here: all EVs, new or old are able to charge off of a regular wall outlet. To be clear, it's not a good solution for people who drive more than an average of 40 miles per day or have a very large vehicle like a truck. But it shouldn't hold back someone wanting an EV who doesn't fall into those two categories

[@jozef9323]

I love that this show explains things to me like I’m an adult child, and I mean that in the kindest way possible! Big fan

[@Blabla130]

Honestly that intro is just very cute and funny

[@ssa6227]

Ya but video is a propaganda with lies and half truths.

[@beastleviath9356]

i’m surprised they didn’t mention plug-in hybrids, which seem like the best of both worlds imo

[@scottbeesley894]

I live in Australia, so the tax incentives are very different. I bought my EV through a novated lease that lets me pay for my car, as well as all the on road costs (registration, insurance, tyres and maintenance) with my pre tax income. Plus I get to charge it for free at work. I bought a BYD Atto 3, it’s a fantastic car and I’m really happy with it. It costs me $206/week out of pocket for everything as I mentioned above. I was desperate for a new car as my old 2003 Camry was dying. I ran the numbers and a brand new EV was cheaper than a second hand ICE car worth $15,000 or more.

[@rdrgz6217]

My concern is that EVs go the apple/smartphone or the john deere route, also the planned obsolescence...

[@patricklippert8345]

In some ways they are. Car companies like Tesla realized it's cheaper to have a standard model with bells and whistles locked behind a subscription than building different options for each price point. So even though the battery capacity is the same the battery will only charge to the range you paid for and wear out faster, which generates e waste.

[@Lepinkainen_]

Unlike new gasoline powered cars? Good luck doing any maintenance without a laptop to read and reset the error codes...

[@brianm6965]

That’s not exactly an EV problem though. That’s an every thing problem. The only thing that makes an EV an EV is its drive train. All the other parts can easily go on a gas car. They can just as easily build in all the vendor lock they want (unless we are ok with the government stepping in like they did with OBO ports).

[@Areku06]

That’s why I got a Tesla, my model 3 from 2018 has same features as 2023 model with over the air updates.

[@mindfreeze0838]

​@@Areku06isnt lord Elon generous with his blessings?

[@ifyouweremeforreal]

can you guys do a video about buying a existing business, one with property n one without. thank you!!!

[@ronaldgarrison8478]

4:55 You shouldn't call it an extension cord. It's just a cord. If there's one thing you don't want on an *extension* cord, it's an EV!

[@EliotHochberg]

Regarding home charging, while it is a good idea to take advantage of faster charging, depending on how often you drive, plugging in overnight will usually get you more than sufficient range. Typically, eight hours of charging will get you at least 80 to 90 miles of range. 12 hours or more should get you over 100 miles of range no matter of the vehicle. Since most people drive much less than 80 miles round-trip on a typical day, the likelihood is that a standard outlet charge on a daily basis will ensure that your battery is full.therefore, you don’t need to do the upgrade as long as you have access to power

[@rxs87]

A couple of things: Its more environmentally friendly to keep your current car on the road as long as possible. ICE cars are actually more efficient then EV's on the highway, but EVs are more efficient than ICE cars for the urban run. With that said in contrast to your statement about there being no best time being the right time, I really do feel with so much investment in EV's you will see in the next 10-15 years great leaps in the efficiencies of EVs, until then I really think people should consider hybrids if they absolutely need a new car.

[@constantbuzz]

False, there is still a lot more energy consumed on the highway in an ICE than EV, and it certainly cost more to refuel an ICE vehicle.

[@allenarneson4349]

All great points. People need to do their homework. Figure out how and where you are going to use the EV. Also charging at home with a 240V 50amp circuit is the only way to really go. Check local insurance rates for the EV as well. You do not need any surprises. AND also be aware some states are increasing their "license" fees on EV's because they are NOT getting "their" gasoline tax money for the roads or other use. And be aware of your local charging station situation in your city, or state for those potential long trips (200+ miles).

[@ssa6227]

It is a propaganda video with half truths and lies.

[@amirmoradi9595]

Im an EV owner (Chevy Bolt) but i also know that buying an EV is only better for the environment if you were going to buy a new card regardless. Also you have to keep and drive the car for a certain amount of years to offset the initial carbot footprint compared to a gas car.

[@rachelle2227]

We have an ev, and we also got solar panels at a similar time (we needed a new roof, so the timing worked out). Eventually the solar panels will pay themselves off, and obviously this offsets the carbon footprint of the ev. Not everyone wants to fund solar panels, but it’s certainly a decision we’re happy with.

[@Rich2799]

I rented an EV for a ski trip 2 hours outside the city. It was cheaper than a normal car because I didn’t have to pay for gas. The only downside was waiting 45 minutes with nothing to do while it recharged.

[@ThatGamerDude9000]

One thing I rarely ever see mentioned is the environmental impact of mining/refining lithium, and what that does to local soil and water. While not warming the planet, it is having other environmental effects. Only considering climate change ignores plastic in the ocean, landfills, and toxicity of synthetic chemicals like pfoa.

[@ClaudiaAndrade-du2dr]

!!!! This I was looking for this exactly. Its actually kind of troubling when it's not mentioned..I listened to The Daily and about 2 years ago talked about this exact topic. It is so crucial that we understand what is happening to our sea life and seafloor! Makes me really sad.

[@andy.morris]

When you take into account the mining of lithium and cobalt, it takes about 2 years of driving to offset the extra emissions from mining. So as long as you drive the car longer than the average car owner, it’s a net benefit. This also doesn’t take into account that most Ev batteries are recyclable, however.

[@jimthain8777]

Please tell me all about the environmental impact of oil extraction. From fracking, to abandoned wells, to spills, speaking of which there's still oil coming out of the ground in Prince William Sound, Alaska, from a spill in the 1980s! All of that is "fine", but how dare we do even minor damage to change to something that does way less damage over all? The oil industry thanks you for their defense, even as they pick your pocket to line theirs.

[@ThatGamerDude9000]

@@jimthain8777 you are putting words in my mouth. You are straw-manning. I never said stay on fossil fuels. I said lithium/cobalt mining and refining is rarely covered when it comes to the conversation of environmental impact of EVs. To my knowledge, Hydrogen Fuel Cells are better for the environment than Lithium Ion Batteries when it comes to energy storage (assuming we move nuclear/renewable energy generation). While hydrogen is scary due to its flammability, there is research proving this can be negated if hydrogen as stored an easily separable compound with magnesium (I believe hydrogen powerpaste is what this compound is being called). After use, this magnesium can be recycled for use as more powerpaste, the only emission from the engine is water vapor, and mining/refining of magnesium (to my knowledge) is better for the environment than lithium/cobalt refining. It requires high heat to bond the hydrogen to the magnesium, but again, if we use renewables/nuclear as an energy source, emissions are not a worry. Ultimately we should move away from the automobile. We need to build safe, high speed, passenger train infrastructure, and have more frequent train schedules. Trains are much more energy and emssions efficient than cars if you consider the volume of passengers trains can shuttle. What we need is better rail infrastructure and civil planning for more walkable towns. Suburban sprawl has had a major impact on the environment. I suggest channels like NotJustBikes and StrongTown.

[@ThatGamerDude9000]

@@andy.morris it's more than the emissions. It's the water pollution which kills animals, and runoff water from flats can lead to soil contamination, killing plants. There are very few environmental safety regulations when it comes heavy metal mining and refining. Not to mention deforestation needed for setting up shop. Regardless of runoff, once all the lithium in the area is minined and refined, the soil of the flats are so heavily toxic, no plants can grow there afterward.

[@EightTo80]

I bought a used 2019 model 3 in 2022. The cost was just much as a used ICE car that is comparable in terms of size and specs. I got an electrician to install a 240v plug in my garage for like $300. I don’t notice any significant difference in my electric bill maybe like $20 more per month. I no longer spend hundreds of dollars every month buying gas and no longer drive to the gas station before or after work or wait in gas line at Costco or Sam’s club. I no longer spend my weekend mornings dropping off my car to the dealership for oil changes or maintenance whatever belts or filters and spending hundreds of dollars every few months for maintenance. We have put 30,000 plus miles on the car. For the 2 plus years of owning my model 3 the only maintenance ever on my Telsa was changing the cabin air filter which telsa came to my house to do it for like $60 the only reason why I changed the cabin air filter was because someone threw up in my car and I got brand new tires after 2 and half years because I was dumb and I never rotated my tires 😂 that’s on me. This is our daily driver but yet it can beat any ICE car from the stop light 😂 We use the dog mode a lot for our dog when we have to run inside the store. We took it on so many road trips. You can absolutely beat this car up and it will still run like band new every time. The customers speak for this brand themselves. I don’t even comment on videos but here I am talking about the one car purchase that actually makes sense. Don’t knock it til you try it. Absolutely life changing car. We have saved so much money because of this car compared to driving a normal combustion car.

[@billybobbob3003]

This is the most delusional post on the internet. you need more often tire replacements and tires cost more the insurance cost more and everytime you recharge the battery it lessens the lifespan of the battery and it leaks energy like having a hole in your gas tank aka wasting money just sitting there lol. also tesla's need oil changes aka automatric transmission fluid and fluid changes in every motor meaning 2 filters if dual motor and quarts of fluid like 4 qts or more. also the cars are unsafe during hailstorm hailstones will bust through the glass roof look it up lol. my honda crv 2014 with k24 is better than any ev on the planet i can back it up with facts. Wait untill you have to replace the traction bettery by the way the tesla model y and model 3 have 27 and 25 recalls actual manufacturing issues not just over the air update issues.

[@jbrown8601]

Yes it works for some people.

[@EightTo80]

@@billybobbob3003 haha delusional my real life example, but ok thanks. I live in CA we don’t get bad weather here like that. Hail storm or whatever you said. I don’t need the car to run forever buddy. I got a lot of use already out of it for the cost. Thanks for your reply.

[@billybobbob3003]

@@EightTo80 california gets everything snow,hail,floods,earthquakes volcano eruptions/mudslides power outages all the time you name it. lol you better off with a reliable form of transportation like a 4th gen honda crv.

[@lberhold]

4.5 years in, and 110,000 miles on my model 3 Long-Range, and it still drives like new. Definitely better performance than ICE vehicles, and much lower maintenance and energy costs.

[@KingTechHD]

Drove a EV for the first time after my gas car of 10yrs gave out. It was amazing. Getting used to charging but it’s free for the next 2yrs. 18mins gets me 3 days of driving. My state charges an additional registration fee of $220 for BEVs (battery electric vehicles) annually. Something no one talks about

[@karankshah]

Thank you guys for being a reasonable voice in the room. I constantly see commenters raising macroeconomic or sociological factors, and completely ignore the very real personal finance and environmental angle that EV’s are better for your budget and way better for the environment after a year or two. You pay about 25% of what you would pay for gas to fill up the car if you charge at home - maybe 35% if you charge at charging stations. The cost of most regular maintenance goes to zero. No more oil changes or engine filters. Even brakes need service less often (if at all) because you’re using regenerative braking more often. You only have to worry about tires, cabin air, and wipers. The number of mechanical things that can break also goes way down - no more fuel system, intake, combustion engine, exhaust, transmission, driveline, differential, muffler, gas tank, fuel lines, etc. This means way fewer things to break in the long term - something that is showing in the data now. Most people are not changing their batteries at all, even after nearly a decade of use. If you bought a Model 3 in 2017 when it first came out, and put the standard 12K miles on it a year, charging at home, you would have saved close to $7K on fuel alone compared to the average car, and probably another $1K in oil changes alone. Any random breakdown on top - inevitable in seven years of ownership - would have been costs on top. That much money saved should be worth everyone digging in to figure out whether EV ownership is right for them - not just accepting vague generalities about the class of vehicle.

[@fh1980ram]

They're obviously biased towards evs.

[@EdDaWord]

Love your content however, quoting Toyota regarding their esimate of "We think EVs will only make up 30% of the automobile market" is missleading. It's like asking a Gas company how much of the market they think Solar will take over. Toyota's been a huge lobbyist against EV adoption. On par with gas companies.

[@GetThemLyrics]

We’re on track for ev’e to be half of what’s sold by 2030.

[@puregsr]

I love my Chevy Bolt owned since 2017. I installed a hitch and has carried bikes, skis, kayaks and gone to lots of places GM replaced the battery under a recall and I had state and federal tax credit AND bargained 5000 off MSRP when nobody wanted one. It was so cool back then when I could find free chargers everywhere, but now with the rising popularity, that's rare these days. 99% of the commenters here have never even been in an EV. And I'm not against gas cars since I still own two, but I bet everyone who gets an EV, it will become his or her primary family or commuter car eventually because it's just so easy. No need to warm it up before flooring it in the morning, just press a button and go; one pedal driving makes it effortless to drive; the acceleration makes everyone else seems like standing still; leaving the AC or heater on while the kids nap or parked in the garage (I call it my only room in the house with AC); no messy oil changes as I do my own. My wife has literally forgotten how to get gas at the gas station.

[@electric-fire21]

Really great video from you guys on the state of the EV industry. It'll be interesting to see if there are any policy changes with the upcoming election year

[@joelcorley3478]

RE 4:09: There is currently one Tesla Model 3 variant that qualifies for the $7,500 tax rebate. According to the Tesla website: Tax Credit for Each Vehicle: - Model 3 Performance: $7,500 - Model X Dual Motor: $7,500 - 2024 Model Y Rear-Wheel Drive: $7,500 - Model Y Long Range: $7,500 - Model Y Performance: $7,500

[@jorgeluislopezmendez]

Great video, but how about hybrid cars? You get huge savings in gas and don't have the inconvenience of slow charging an EV

[@chrisportway]

It’s actually more convenient, if you drive less than 50 miles most days and meet a couple other caveats. Usually you just wake up with 50+ miles more range each morning while you slept if you can at least run an extension code from a standard 110v outlet. I charge away from home less than once a month, and never have to stop at a gas station or oil change. There absolutely is inconvenience finding fast chargers for non-Teslas. Although it’s getting better and will be much better next year when most models from Ford, GM, etc. can use the Tesla superchargers.

[@beatriz38]

Charging our EVs is more convenient than putting gas on an ICE car. Just plug in at home, takes 5 seconds to do while holding my purse and toddler and next day is fully charged while I sleep. Never have to smell gas again. Hybrids have the disadvantage of still having the gas burning system and maintenance associated with them.

[@jorgeluislopezmendez]

It's sad that the apartment building I live in doesn't have the option to charge EVs in the parking lot

[@Subwolfer7564]

Hybrids have their own downsides. Batteries WILL need to be replaced vs only in a catastrophic case like an EV. More parts = more things to break. Hybrids aren't exactly powerhouses even with two drivetrains and hauling is iffy since most hybrids are more economy vehicles. Personally I dont see an EV as inconvenient if you can charge at home, but i also dont understand why people think that one will just always be superior to another. All 3 have strengths and weaknesses.

[@mindfreeze0838]

​@@jorgeluislopezmendezbecause battery fires are no joke.

[@lambnj29]

I was recently in the market for a new car. I really wanted to purchase an EV, but the cost, coupled with the uncertainty of potential battery obsolescence in the next few years, pushed me back towards the ICE options. As it stands, I have 2 ICE vehicles. A 02 Hyundai Accent for daily driving, and a 23 Toyota Tacoma for longer drives/hauling stuff. Hopefully in the next 5 to 10 years BEV tech continues maturing, because I'd sure love to have one!

[@flolou8496]

I feel so sorry for most people now struggling in out of control inflation, so here are the EV facts that for some of you, are the missing pieces in your decision process: If you only drive just 12,000 miles per year 30 miles per gallon (between a mix of city and interstate driving) (assuming your car with perfect maintenance and clean fuel injection burning over the next 6 years, which is unlikely) Your still going to need at least 400 gallons of gas to go just 12,000 miles per year. or 33.3 gallons per 1000 miles Over the next 6 year's (even if gasoline miraculously stayed on average only 4.25 a gallon it cost a minimum of 12K X 4.25 or 1700.00 a year in gasoline It is much more likely to assume gasoline cost will be at least 6.00 a gallon on average between the years 2025 and 2030 I've seen some estimates as high as 9.00 a gallon in major urban areas, but at just 5.00 and 6.00 a gallon those annual cost are: 2,000 annually (at 5.00 a gallon) and 2400.00 annually at 6.00 a gallon, The cost for your electricity at home on Level 2 charging is minimal compared to how much you spend on oil changes and maintenance on regular gasoline powered cars. Battery degradation fear is largely overblown, and only apply's to some models with battery's prior to model years before 2022, If you charge the car using the 20/80 rule on Level 2 charging at home, which restores 150 miles of range in under 8 hours, you'll see little to zero battery degradation over the next 6 to 7 years, as evidenced now by people who are posting there long term ownership battery degradation experiences on KZbin.

[@hanjosep]

I wish this video had the Let's Run The Numbers section, factoring in fuel prices, insurance and maintenance over time. I also wish they mentioned the used EV tax subsidy as well as comparisons with PHEVs. I have a hunch that if you're gonna keep a car for around 5 years, getting a used gas car is still cheaper overall.

[@UlexiteTVStoneLexite]

Except for it's not. Gas cars have far more maintenance and you're constantly paying more to run the vehicle. If you get a cheap EV you are absolutely paying less. We just took our Evie from Southern California to Dallas Texas so that we could see the eclipse this trip would have cost us over $800 just for the drive alone. It cost us less than $300 with the EV.

[@emoney1231]

A used hybrid is probably the cheapest overall cost of owenship. Depending on the use case, a 10 year old PHEV or EV could be dirt cheap over 5 years.

[@penultimateh766]

​@@UlexiteTVStoneLexite Wrong. My ten year old has Civic has required exactly zero repairs except new tires and brake pads. Edit for completeness: Also some wiring related to the doors, aircon charge, and CV boots, which an EV would also have. NOTHING on the engine. Zip. Nada.

[@UlexiteTVStoneLexite]

@@penultimateh766 lol bs. You don't do any oil changes? Expect a lot of repairs really soon.

[@penultimateh766]

@@UlexiteTVStoneLexite Ooooh oil changes. Big burden. Every 10k in modern cars takes 10 minutes.

[@jamesbecker4326]

this video states that charging your EV will cost you $30 to $60 a month. Almost everyone with a EV charges at night when rates are low. $30 buys 500 kw at night from my utility co. that powers the EV 2000 miles. the typical US citizen drive 1000 to 1200 miles per month, so the REAL cost to charge your EV is $16 to $18 per month compared to $140 to $170 for a 25 mpg car.

[@That-Guy_]

Correct

[@NoLimitSquad]

I have a Tesla Model 3 Performance. Bought it new September 2022. Had it for about a year and a half, and I regret nothing. I will say this, though: I've never been the type to recommend anything to others. If they hate evs, good for them. If they love them, good for them. I bought the car bc I like it. What others do with their wallet is none of my business, and honestly, I dont care🤷‍♂️

[@canuckfixit7722]

EVs are NOT intended to "save" the auto industry. The auto industry just needs to further embrace this evolving technology supplemented by better charging infrastructure. We will continue to buy vehicles regardless of the kind of energy storage in the design. One day we will run out of petroleum and will have to have alternative power sources already fully implemented.

[@nedsdeclassified]

Plug in Hybrids are better, they get better range and cost less ( I know this is about EVs, but don't overlook hybrids) The Prius prime, gets about 100 mpg

[@tjaccount5245]

To everyone saying EVs aren't about saving the environment, that's incorrect. How likely do you think it is to get everyone to take a bus to work and sell their car? Even with public transit funding, EVs are a very necessary step to reducing total emissions.

[@sigaev11]

Most people in Europe take a bus to work. It's really not a big deal.

[@tjaccount5245]

@@sigaev11 it might not be to some, but those that want to ride a bike or take a bus already do so, regardless of vehicle options on the road. The realist in me says, we can't have mass change disrupting how a society operates within a short amount of time. Electric cars serve a purpose of steps towards carbon neutrality while maintaining the free marketplace that allows consumers choice of how to live.

[@EliotHochberg]

Another thing of electric cars provide that most people don’t talk too much about is the fact that if you were caught in traffic, you don’t have to keep the engine running in order to keep up with anni movement. In fact, electric vehicle is significantly more efficient and stop and go traffic Than in open roads. But what’s more, you find yourself behind a roadblock for several hours, an electric vehicle is actually a much better place to be than a gas vehicle. While you will still lose some power if you’re running your heat or,you can shut off the vehicle and next to no power while you wait.

[@EliotHochberg]

Regarding how long electric vehicle lasts, there wasn’t a lot of data before about this, but now we are finding that electric vehicles can last easily as long as a well cared for vehicle without doing much of anything. The only vehicles which I personally would have a concern with our electric vehicles with air cooling systems designed in the early 2000s to the early 2010s. Specifically, Denise on leaf is an air cooled electric vehicle, and it is the only vehicle that has a common issue where you need to replace the entire battery because after about six or eight years, it has lost significant range. The good news there is that Nissan has programs, though a little pricey, to not only replace the battery pack, but to replace it with one with greater range than the car originally had. Other than that, pretty much every electric vehicle out on the road can be expected to last for 200 to 30000 thousand miles without any noticeable degradation in range, and even when the range reduces, it’s gradual. I think if you get down to past 40% of the original original range it does accelerate, but current estimates suggest that that would be after 20 or 30 years.

[@postulatingspin4470]

Assaults->EV’s only work for people who charge at home and take short trips. The other problem is charging station availability with almost 50% broken. Then there is a bigger scarier problem if you live in an area or travel through an area with crime…..charging station assaults, many of which never get reported, let alone prosecuted. They especially target out-of-state plates. This why my wife will never do a trip in the EV again. The other pesky little problem is that EV’s contribute 20% more tire microplastic to the environment per vehicle. Imagine what happens when electric trucks hit the roads?

[@That-Guy_]

By your comments I can tell you didn't have a Tesla. I have only ever had 1 supercharger stall not work out of the 69 or so I have used. I have not felt unsafe at any of the stations but I also plan where I stop based on what's in the area.

[@JohnSmith-cs8nc]

Many arguments can be made for and against EVs, but it would be ridiculous to talk about the environmental impact if we are going to exclude the high environmental cost of mining materials for the batteries. At the end of the day, replacing ICE vehicles with EVs will not be the sole answer.

[@psalmy26]

New battery chemistries are reducing or removing such minerals. Definitely something to look into when picking.

[@EvgeniBelin]

@@psalmy26 pardon silly me -- what chemistries are available today, in 2024, beyond some form of lithium? Did I miss something?

[@EvgeniBelin]

But you see, mining is not done in the US, therefore data cannot be trusted, and shouldn't make it in the report. How convenient. Plus, it's not just mining -- it's the compound interest too. The fuel you will burn in 4 years will not be in the atmosphere for 4 years (until you actually burn it). Mining was done yesterday, and all that CO2+rest-of-emissions will sit there for 4 years, diligently warming the planet.

[@MONTOD]

This "high environmental impact" is still nowhere near the impact from mining fossil fuels. We're talking 180K metric tons of lithium mined in 2023, and 15 BILLION metric tons of fossil fuels mined in 2021. So you're right, EVS will not be the sole answer, there's no way we can reduce 15,000,000,000 with only 180,000.

[@ronchua3031]

I kinda agree, the real answer is hydrogen cars or solar powered car

[@fabiannomada2724]

It’s very frustrating for me that YT doesnt push your content to the front page often.

[@idaho_girl]

A concern I have is the long-term maintenance cost. Whereas for a gas-powered vehicle, you pay a small amount regularly, with an EV, won't there be one big bill when the battery must be changed? And if the cost of the replacement battery is too great, then there will be an incentive to junk it and get a new one which I wonder could offset the benefit of the EV.

[@imthelovestamp]

That opener was awesome 😂

[@langhamp8912]

And yet the most sold EV's in the US...eBikes and eScooters...must pay a tariff while automobiles EV's get subsidized? Car EV's are just like gas powered vehicles except they pollute a tiny bit less. Traffic jams and parking still looks exactly the same. Make no mistake; the car EV is to save the car industry and not the environment. If the US was actually serious about pollution, safety, and economics, then public transportation, biking, and walking would be given priority over car EV's that are functionally the same as ICE cars.

[@aaronlandry3934]

If we cared about the environment, we’d use Nuclear Power and stop burning Coal. We don’t care about the environment

[@HH-le1vi]

I'm not taking an eBike or eScooter to my job 30 miles away.

[@langhamp8912]

@@HH-le1vi Then buying a car, regardless of its price, is worth every penny.

[@aaronlandry3934]

@@langhamp8912 Not like everyone has that kinda money just sitting around..

[@anthonyc8499]

Ebikes and escooters come from China and get hit with tariffs.

[@drkrstlmth]

Some sequel ideas to this video: how to compare EV models for purchase and whether it's worth buying a used EV considering the degradation of battery efficiency.

[@aoblues145]

You forgot the renting of the battery which is about 70euros/month for me. And that price does not change even if you use your car less. And it limts the number of miles you can do in a year because that is what determine the cost per month. That plus having to pay for electricity. And to finish, to rent that battery, you have to have the most pricy kind of insurance, it's mandatory. For me that is the bigger cost compared to a gas car. But it's still not far overall. You can have an second hand electric car even if you earn minimum wage!

[@Mia11505]

*Thanks for continuing updates 👍🏻 I'd rather trade the stock market as it's more profitable 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after lI invested $8,000 and got my payout of $120,500 every months,God bless Angela Christine Derle* 🇺🇸🇺🇸🇺🇸..

[@mildredowens4390]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@josefbrunner9291]

YES!!! That's exactly her name (Angela Christine Derle) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺

[@derrekm1317]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@VictoriaChinnis]

I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Angela 😊🎉

[@hansbaumann2057]

Thanks for the recommendation 🙏 how can I get to her ?

[@rkmr41]

Can't believe Two Cents is recommending EVs. EVs depreciates much faster and are worth less after 5 years.

[@jorge3234]

Why does depreciation matter? Any new car is going to be a bad investment if you end up selling within a few years of buying it. The point is to drive these cars for 10+ years

[@That-Guy_]

To me, depreciation is a rich person issue. I own my cars until repair costs get too much and get whatever I get for them when I sell.

[@constantbuzz]

I drive cars from new to 200K + miles near worthless- not an issue. Not maintaining a vehicle and replacing every five years is not very economical.

[@Roadshot1]

Gas is so high its cheaper in my city to have an electric or a hibrid

[@CascadiaPrepper]

I bought a PHEV only to discover that my state charges extra on yearly tabs for electric vehicles... because they miss out on gasoline tax dollars from these vehicles!

[@dyj321]

I'm guessing they considered it an ev? Even though you'll still buy gas?

[@BogeyTheBear]

Do you know what that gasoline tax pays for? Road work. Asphalt ain't free, and the folks who pours it won't work for free either.

[@marcusrowan7212]

I'll happily take living in cities with less smog, tyvm. A central power plant belching it out sounds much easier to control and monitor than millions of cars.

[@scarpfish]

To the environment that all that the CO2 is being belched out into, it doesn't make any difference as far as downflow effects. You're basically saying that pollution is fine as long as it isn't in your back yard. That's about as a 'selfish American' stereotype as you can get.

[@BlueLeafSoftware]

I disagree. Cleaning emissions from a central pollutor is easier than trying to deal with the emissions from millions of individual vehicles. Especially with all the lies we've been sold by manufacturers. And with solar tech now cheaper than coal the days of power from power plants belching pollution are drawing to a close.

[@artuselias]

@@scarpfish What he means is, that big power plants are more efficient and easier to control. For example, if you would like to have a new filter installed, you only need a handful of power operators to put it in their plants, as opposed to millions of car owners. The same goes for replacing the fossil fuel plants with clean electricity sources.

[@sonicpsycho13]

​@artuselias you also have efficiency of scale. Massive power plants are much more efficient at converting available energy into usable energy than thousands of tiny power plants.

[@cameronf3343]

@@scarpfishThat would be nice, if it weren’t already proven by examining asthma diagnoses in high-EV density locales, that lowering tailpipe emissions makes the single biggest difference to human health since the advent of genetic modification of food crops. This is fact. Not fiction.

[@iangardner2311]

When you add coal electricity to electric car pollution. You must add pollution from oil drilling and refining to car gas.

[@scottkolaya2110]

The sad thing is it takes 6kWh worth of electricity for each gallon of gasoline (from well to tank). All jack wells use electricity, all pipelines use electricity both from the well to the refinery and from the refinery to the distribution points. Plus the refinery itself. We complain about not making a pipeline from Canada to TX and somehow think crude doesn't get pumped thousands of miles. You can drive an EV 24 miles on just the electricity, coal or not, used to pump, refine and deliver each gallon of gasoline. So not only is there significant pollution in the refining process the whole process also uses a significant amount of electricity. Gas cars also use electricity.

[@charliequach6399]

In Australia, we don't have trade war with China and so many cheap EVs are available to us. A mid spec BYD Dolphin or MG4 Essence is around 46K AUD (~30K USD), which are comparable to a good Hybrid Corolla at around the same price. It's a no-brainer to buy an EV over hybrid if you use it as a daily run around town car. And we have 240V domestic power, so an overnight plug-in would top up your EV to 100% easily.

[@TCPUDPATM]

A standard range Tesla model 3 was

[@bmeares]

Or even better - no car at all! The best financial decision I've ever made. I'd love to see a Two Cents episode on Living Car-Free!

[@drunclecookie216]

in rural areas hybrids are the way to go. there are no EV charging stations within a 30 mile radius of where I live

[@anthonyc8499]

If your house has electricity, you might be able to charge a car.

[@drunclecookie216]

@@anthonyc8499 that's fine and dandy, but if you're driving any kind of distance, at some point you're gonna need a recharge. this is a very rural area, and there's literally 2 recharge stations and they are 30 miles away in opposite directions. I'll just stick to my hybrid.

[@Anothernerdyloser314]

@@drunclecookie216 If you can charge at home, you'll almost never want a charger close to your home. You'll want a charger somewhere along the way to your destination. So having chargers 30 miles away in opposite directions would be a good thing. The chargers I use most often are the ones further from my home than the ones closest.

[@anthonyc8499]

@@drunclecookie216 If your rural house has electricity and your EV can drive at least 200 miles with 50 miles remaining before needing to charge, then these charging stations you’re referencing aren’t needed…

[@drunclecookie216]

@@Anothernerdyloser314 still no thanks, the charging stations are just too sparse especially here in rural areas. the two locations near home that have them are places I almost never go to. Plus if I travel to my parents that live 1000 miles away, I'd have to plan my stops and possibly go out of the way to charging stations. too much of an inconvenience

[@dustinkarrick7819]

$1,000 to $2,000 to install a home charging station? I must have done something wrong. It was $65 for a splitter and extension cord. Plug the splitter into your dryer plug and then run the extension cord under the house. I'm saving over $400 a month in gas. More than the loan payment. Driving 1500 mi a week... I've never had an issue charging the car or range anxiety in rural Tennessee and Kentucky. Maybe that's just me.

[@davehasenford3985]

whichever you get make sure you buy a spare tire and keep it in the trunk. new evs and hybrids don’t have them and you might be in for a surprise the first time you get a flat

[@aliciacomprayha]

This sounded more like a government ad for evs 😅

[@cameronf3343]

Why? All that they did was state common sense facts and numbers.

[@brookekathryn1980]

Sounds more like an error of end users basic understanding than "a government as for evs". Cute emoji though...

[@aaronlandry3934]

That’s because it is. PBS is federally subsidized like Tesla is. This is a government “ad” for Tesla, which is why they don’t mention things like Lithium Extraction. It’s very noteworthy how they mentioned the CEO of Toyota, an actual car manufacturer, and then focus solely on Tesla (because it’s American 🇺🇸). MANY smaller electric vehicles are FAR more efficient and safer than Teslas. Most of those however are produced by European and Asian firms, which is why they can’t talk about them

[@bsgarey]

Exactly. This show has gone the way of the far left...

[@Jose04537]

BYD are very good, but of course the USA would never let them in. ​@@aaronlandry3934

[@oscarca448]

I love and watch all your episodes! I believe you didn’t cover these issues that are also making people hesitant to switch to an EV: a. EVs are heavier and accelerate faster, so expensive and special tires are needed more often. b. Since EVs are like driving a computer, the potential cost of repairing an expensive electric component can be significant after warranty expires. c. The lifetime of the battery and the insanely high replacement associated costs -some say EVs are essentially disposable because of this depreciation issue. And that’s my two cents!!! 😊

[@bigjimtenbillion]

Right and then what happens when it's time to dispose of that 5000 pound paperweight loaded with toxins from the battery that are not bio degradable??? So much for "green"and "save the environment" and almost the other catch phrases from the climate cult

[@davepraz153]

I bought a Tesla Model Y in December 2023. In these 5 months, I have spent $53 USD for electricity for my car. The lowest battery charge I have reached so far is 42% for groceries and errands Sunday. Ohh! And $0 USD in maintenance.

[@EliotHochberg]

Regarding charging an incentives, in California at least, but I assume elsewhere as well, power companies also provide incentives. After all, it’s in their interest to make more money off of charging. You can get as much as $2000 to help cover installing a charger and buying a used EV. I’m in California, And when you combine the state incentives for replacing a gasoline vehicle with an electric vehicle with the incentives from LA DWP, I got the equivalent of around $15,000. Since I chose a used Fiat 500 E, that amount covered the entire cost of getting the vehicle as well as installing level two charging. I was fortunate that the owner of the apartment building that I live in allow me to install the charging, but note that in an electric vehicle positive state, there may be laws that require a landlord to allow you to install charging if they aren’t already in the midst of a plan to do so. That’s true in California at least

[@Shane-zl9ry]

I own three EV’s. I’d never go back. I might change my mind if I lived in snow or was dependent on charging infrastructure. 😎⚡️

[@Magmar947]

I’m disappointed that y’all didn’t mention the environmental impact of mining the precious materials for the battery. I’m all for EVs but there needs to be more regulation on mining these materials so we’re not hurting the environment in a new way ETA: I’ve gotten a few replies so I want to clarify, I am very supportive of the EV industry. Fossil fuel has created a climate change crisis. It needs to be replaced to have any chance at a future. With that said, we can be critical of things we support. Part of the problem with fossil fuel is that it was all of the hype when it first came on the scene. It wasn’t regulated enough/effectively and now we’re all paying the price. If we don’t put strong regulations on the dirty parts of building EVs, then we leave the door open for future crisis.

[@TheDaspiffy]

I agree that we need good/better regulations around mining, but the impact of mining precious metals is dwarfed by the impact of drilling, transporting, and processing oil. They would need to also talk about that too and this was only a ten minute video.

[@stickyoxtail]

Did you care about the environmental impact typing that comment on your battery powered phone? How about the 3 decades of owning battery powered phones, speakers, laptops, power tools, etc? Yes it's an issue but it has always been an issue. Are you specifically concerned about mining cobalt? Does mining/drilling for oil concern you in the same degree? How about waging wars for oil?

[@TheDaspiffy]

@@Magmar947 I think we're mostly in agreement, though my understanding is that oil is actually worse for the environment than metal mining even in countries without regulation. As far as batteries being retired. I'm the US we are currently recycling about 5% of the batteries, some are being reused, and the rest are being stored for later recycling. They are not dumped in landfills for two reasons, it would be illegal, but more importantly, the metals are precious, e.g. valuable so EV battery recyclers will purchase your dead EV battery even if they need to store it while they ramp up recycling. For example, search for Redwood sell EV battery. This is a relatively new development. Last time I checked they were only taking EV batteries from dealers in California, but now they will purchase any EV battery.

[@makmoto0606]

@@Magmar947yep, cause that stuff doesn’t happen with the petroleum industry. I’m pretty sure the material mined for batteries, which have a path for recycling, is dwarfed by the millions of barrels a day that we move of oil. There is no comparison between the impact of mineral mining for batteries and the oil industry! Oil is a vast one way street to pollution, batteries have a life span and can be recycled once it is economically viable. Oil can only become pollution.

[@akumacode]

To me the biggest problems with EVs is the battery technology. The tech is so low level that it makes it really inconvenient to own and unreliable when bought used. BUT, solid state batteries sounds like the exact solution EVs need

[@ampersignia]

I worry that EVs will be disposable because the batteries cost SO MUCH to replace and they will contribute to more trash because they only last so many miles. Better for the environment to just buy used cars. My partner is a car enthusiast and has owned and personally maintained over 35 old BMWs with most of them reaching 200 to 250k+ miles and they are usually 90s to early 2000s cars so 20-30 yrs old. They run great because he is skilled but the point is they're ABLE to run at this old age. Will EVs be able to last 20 yrs?

[@anthonyc8499]

EV batteries are way too valuable to throw away. They get reused way more than recycled. Battery recyclers are struggling to get used packs from even totaled EVs because the packs are quickly bought on the secondary market to be used for other projects.

[@kushroo]

This episode didnt mention resale prices !

[@subbiahpalani]

You don’t see it but you are saying EVs are cheap to buy

[@dariemperez6833]

@@aaronlandry3934 It's not about the years but the miles or charging cycles. Tesla data shows a 12% loss of capacity after 200,000 miles.

[@joebot86]

​@@aaronlandry3934my 3 year old EV has lost 7%.its not 5% annually, not even close.

[@pipsandcoffee1692]

How hypocrite of you? When you mentioned 5% annually, did you add model, mileage etc?

[@sonicpsycho13]

​@aaronlandry3934 nope, you said that it would lose 5% every year regardless of mileage, model, etc. You're just moving the goalposts, now. The reality is that it can vary. If someone abuses their battery, like routinely uses DC charging, drains it dead, charges to 100%, etc, then they'll shorten its life considerably. But you could apply the same logic to someone foregoing proper maintenance on an ICE vehicle, like skipping oil changes, running out of gas, not cleaning their fuel system, etc.

[@jokulhaups309]

I wish they would have mentioned that EV repairability and insurance cost are almost always higher. Any damage near a battery even if it doesn’t damage it requires its removal. Also in the case of Tesla, you could be waiting months or since they rarely have independent shops, cost is outrageous out of warranty

[@UlexiteTVStoneLexite]

Yeah but Tesla's not the only vehicle. That's just a reason why you don't buy a Tesla. I can take my bolt to the Chevy dealer and it's not a problem and any shop can do the body work.

[@thomasreese2816]

Most dealers aren't going to touch the battery. However, nearly all incidents that damage the car enough to impact the battery would end up in a write-off of the vehicle anyway, even for a gas car

[@QUESO1011]

EV’s should be a choice. Having more choices in cars is the best. Competition makes for improvements.

[@deepakbhatti155]

I’m so excited to get a red Model 3 with white interior 😎

[@robbydelplain8950]

If all you use your car for is a short commute everyday. A low cost electric car make so much sense. But people usually use their car for much more than that.

[@dyj321]

I drive 50+ miles a day and don't worry about range. I also have family 2 hours away and drive my ev to see them. I've driven to an airbnb in the middle of nowhere and had no issues (was a bit worried with that one) and even gone from Oklahoma to Florida and back. It was honestly not that bad. Charging let me use the bathroom and eat, even take a few naps so I didn't have driving fatigue. It really hasn't changed anything about how I drive

[@korianderbadger]

Missed opportunity to talk about the financial benefits of going car-lite or car free!😢

[@joebot86]

Depending on where you live that's not an option. No car is going to be obviously cheaper

[@pipsandcoffee1692]

That’s not the point of this video

[@aaronlandry3934]

lol car free life in America is called “Poverty”

[@jeretso]

It all boils down to Cost of Ownership. Assuming the video is accurate expect saving $140 a month for the average single family homeowner. After 20 years you save $33,600. That should be enough to buy a new car.

[@Jaigarful]

Being in manufacturing with my hand in a lot of ICE components, EVs really are a mixed bag. Not only is battery technology/disposal a major concern, but the power grid itself. The amount of stress EVs may put on the grid (especially if everyone charges the same time, roughly 5-6 PM weeknights), we got a lot of work ahead of us for that. We're also playing this silly game of "Do everything but address the problem directly". Regulations have pushed vehicles into becoming larger and sucking up more gas over teh last 40 years. We got literally half of surburbia driving around trucks and large SUVs at a half to a third of the fuel efficiency even a hybrid can offer.