this post was submitted on 01 Nov 2023
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An EV would be perfect for me, I live in QC where power is super cheap, I do 6000 miles per year, most round trip are way less than 100 miles, I'd have no problem charging it cheaply and never had a problem with range.
My only problem is the price, in Canada I'd pay what? $60k+ ? no way.
It's definitely insanely expensive. To me it was worth it though. Comparing the cost to my old car, which some would say was too high of a monthly payment anyway, although I made do, it was only 300 dollars more.
And gas here on Vancouver Island is like 200 dollars a month minimum. So for me, the cost was about the same overall, and I vastly prefer having the electric car.
But I know it's a very high amount that most people don't want to pay and I don't blame anyone. But anyone who buys a new car or has an insane payment I don't understand.
$300 more??
I've never had a $300 car payment. In fact, I haven't had a payment in over 10 years.
My first car was just over 300. My Tesla is just under 600
For me I'm looking at this over a 10 year period. I'm putting about $300 a month into gas. I take pretty frequently but short trips around town. So I'm looking at saving 3600 in gas each year. Let's round that down to account for power cost to charge and say 3000. Maintenance costs are lower each year. Forbes says 40% cheaper or about $600 a year vs $1000. So about $400 difference per year. Feels a little high honestly so I'm going to take a more conservative $250. So $3250 per year saved. So in theory if I were to do a 6 year finance that's a $19,500 plus a government rebate around $5000. To me a $60000 vehicle is pretty comparable to a $35000 gas vehicle.
Absolutely, it all depends on your car usage. I spent maybe 75$/month on gas, and I change oil (synthetic) once a year only, so it's not worth it for me.
We bought a used plugin hybrid (Prius prime) for 25k in total (CAD). It's not cheap but at least it's way lower than 60k. Driven everyday we only need to refill the tank once a month.
The battery range is only like 30 miles but that's good enough for daily commute and errands. We only really use gas for road trips or day trips.