Automobile Enthusiasts

SarahD

(1,354 posts) Tue Mar 12, 2024, 09:39 PM Mar 12

Expensive EVs skew the analysis.

I'm watching a TV news story discouraging consumers from buying EVs. The payback time is seven years, a figure influenced by the high cost of buying one. Once lower cost EVs become more common, the payback period will shrink. And the individual consumer is not tied to the average price. If I want one, I can buy a cheaper model. Anyway, another installation in the anti-EV soap opera.

4 replies

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Expensive EVs skew the analysis. (Original Post) SarahD Mar 12 OP

Did they factor in the cost of new batteries? Mosby Mar 12 #1

Probably not. SarahD Mar 12 #2

Engines last for 100s of thousands of miles these days Mosby Mar 12 #3

The savvy shopper will buy one used. flvegan Mar 13 #4

Mosby

(16,426 posts)

1. Did they factor in the cost of new batteries?

Reply to SarahD (Original post)

Tue Mar 12, 2024, 09:40 PM

Mar 12

SarahD

(1,354 posts)

2. Probably not.

Reply to Mosby (Reply #1)

Tue Mar 12, 2024, 09:59 PM

Mar 12

I expect they didn't factor in an engine overhaul for a gas car, either.

Mosby

(16,426 posts)

3. Engines last for 100s of thousands of miles these days

Reply to SarahD (Reply #2)

Tue Mar 12, 2024, 10:12 PM

Mar 12

My Toyota has 209,000 miles on it, never had the engine worked on.

flvegan

(64,428 posts)

4. The savvy shopper will buy one used.

Reply to SarahD (Original post)

Wed Mar 13, 2024, 12:36 AM

Mar 13

I would imagine that would shorten the "payback time" even figuring in any tax credits on a new one. Now, I'm not really in the EV market at the moment. However, as a petrolhead, I have my EVs of interest. For example, the Kia EV6 GT. AWD, like 600 hp. Looking at one now on AutoTrader. Original window sticker was $64k. Dealer is asking for $40k with 7k miles. That seems like an absolute bargain. 0-60 in 3.2, 1/4 mile in 11.6. In comparison, that's faster than the new Mustang GT Dark Horse or Dodge Challenger Scat Pack. Honestly, those are Hellcat numbers. Amazing. Sorry, I got off topic. So, anyway...

I've looked at used "Mustang" Mach-Es and they have amazing prices, but that seems to potentially be due to a fairly problematic recall.

For the record, this is apples to apples, as I'd never buy a ICE car brand new either.

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