That’s the bottom line with EVs. It’s interesting to talk about range and plug availability, but in the end you’re paying a lot more money for a less capable vehicle. If there was price parity between EVs and ICEs there’d probably be a lot more people willing to go the EV route.
That doesn't apply to all EVs, it depends on what you're shopping for. It's unfortunately something companies like Nissan cultivated as an image for EVs with their early Leafs that had barely enough useful range, that's not the case anymore with EV like the Bolt, Model 3, Nero, Kona and maybe Zoe
Not allot of companies were willing to build an EV in mass quantities and comparable performance because it was too risky for business, they didn't know how to market it or how to shift to it without spooking their investors. Those investors are now turning around and putting pressure on these companies to modernize their products in order to stay relevant past 2022-2025.Some of those examples in more detail if curious:
- A Bolt
for 37k - or ~30k after our rebates here for example: Good modern EV with solid performance. GM kept the interior in budget territory, but it's not too shabby, and we benefit from a car with 128mpg efficiency and very little maintenance costs.
- We can also get something similar with a Kia Nero EV or Hyundai Kona
, both solid entry level EVs with untouchable mileage numbers vs the legacy cars. The interior looks pretty good too for this price range. The federal rebates on these cars is still not cut down yet, GM and Tesla are sadly getting theirs lowered soon, so these cars may
become the new price champs for a while.
- We can also move up a bit more with an entry level Tesla Model 3 Standard Plus
for 39k* - or ~35k after rebates in our area - and you get a car that goes 0-60 in around 5.6s, which is entry level sports car territory in a family sedan package.
* They have a 35k model they sell under the counter as well, they don't like to sell those so they're pulling a BurgerKing secret menu on that one lol.
- Or we can go all in and get a Model 3 Performance
that goes 0-60 in 2.3s, beating almost anything in its class. But then you'll be going well past 50k even with rebates included. Great price for its niche still, but we're not in "mainstream" territory anymore price-wise.
You can see here that performance is not a challenge for a well designed EV:"Tesla Model 3 vs BMW M2 Competition vs Audi RS3 - TRACK REVIEW // DRAG RACE & LAP TIMES"https://www.youtube.com/watch?v=9Pu9046wX9g
(~03:45 for drag and ~05:10 for track subjective, ~15:40 for track tests)
- Past this point there's other products from Audi, Jaguar, Mercedes and Tesla, but they're not a place to look for getting a "good deal" really.
So it really depends on what your budget is and what you shop for, same as old gas cars. But this wasn't always the case, five years ago I would have agreed that options were limited to stuff like the Nissan Leaf with its awful range.
Times are changing, and according to industry experts 2022-2025
promises to get us to a point where the tables may even turn on costs. By then that technology will move down from the high-end and make its way into more budget minded products.
So if you can't find a brand new EV today to fit your budget, this is likely going to change soon.
https://electrek.co/2019/03/18/nyc-main ... tric-cars/
The newsletter takes a closer look at 10 models: three all-electric models, four hybrids, and three gas cars. The three all-electric cars — the Chevy Bolt, the Ford Focus Electric, and Nissan Leaf — were lowest in annual maintenance costs, ranging from $204 with the Bolt to $386 with the Focus Electric.
A few of the hybrid vehicles cost the city more than $1,000 in maintenance in 2018, and gas vehicles like the Ford Fusion and Focus checked in with a maintenance cost average of $1,621 and $1,805, respectively.