The Truth About Electric Cars
Exposing these hidden costs, which will make you think twice before buying an electric car lets, start with the most visible cost and thats the purchase price. Everyone knows that evs arent, cheap, many evs cost more than their gasoline engine counterparts. Last year, the industry average for new gasoline cars was about 46 thousand dollars, compare that to the average cost of an ev, which was fifty six thousand dollars thats. All ten grand were talking about. So why are evs just so expensive short answers is because of the extra technology involved in the production of an eevee, and, of course most of it is the battery cost. Just how high can ev prices get well, the 2022 lucid air dream could set you back as much as 170 000 mind you its a luxury ev and comes with lots of bells and whistles at the drivers. Seat youll find a combination of the digital instrument cluster and essential infotainment screen. The screen is a curved floating 34 inch screen with crisp and clear 5k resolution. Side of the cockpit is touch sensitive. It supports alexa voice, commands apple, carplay, spotify, wireless android, auto and other services. The lucid air dream even includes a touch screen for the wiper lighting and security controls on the left side of the main drivers, cockpit and theres. Even another touch screen, which lucid is nicknamed the pilot panel. Not only does the screen control, audio and phone controls and navigation, but it also controls more detailed vehicle parameters, but more than that is your car insurance premium.
You guessed it. Premiums on evs are generally higher on average youre, looking at ev insurance premiums that are about 25 higher than for a gasoline powered car. Naturally, youre wondering why well a major reason is because evs costs more to repair and replace they say. Evs generally require less maintenance, but when they do, which will happen inevitably well thats when theyll get you another hidden cost actually has to do with temperature, specifically the temperature, where you live. For example, if you live in a warm climate like texas or florida, you likely wont run into this hidden cost too frequently, but lets say you live in one of the colder areas. Like one of the northern states. I wont even mention alaska, where temperatures dip minus 30 degrees and where theres hardly any eevee infrastructure states with dramatic seasonal swings from hot to cold dont. Do your ev battery any favors, its actually the opposite? These temperature shifts reduce your batterys ability to get its full amount of charge in and out, but the cold weather doesnt just eat your batterys charging capabilities over time. It also has a negative effect on your batterys driving range thats, because all of the added power demands that come from operating your ev in cold weather, evs dont have a heat producing engine to warm up car and frigid temperatures its the battery that powers, the heating Systems and if those systems are working overtime, the battery will be worn out quicker, theres just nowhere around that, and this leads to lower driving range for your ev.
If you live in a cold climate, but youre still set on getting an ev in that case, just look at norway. The norwegian government has recently been incentivizing their citizens to buy clean, green evs instead of traditional gasoline ones, but heres. The thing we all know norway is cold, very cold. The coldest temperature on record ever recorded in norway was minus 60.5 degrees. Nevertheless, the norwegian government went ahead, performing a series of comprehensive tests to try out the best ev for their frigid temperatures a couple years ago. The norway automotive federation published the results of this particular test in this test. They drove 20 different evs in real world winter conditions until they literally stopped completely and shut down, guess which one came on top believe it or not. They found that the hyundai kona only experienced a 9 decrease in driving range, the tesla model, s also scored at the top for driving range and when it came to the best ev for charging in the cold, the top cars were the tesla model 3 and the Audi e tron, another cost that many people forget about is the cost to charge an ev. You have options for sure, but none of the public charging ones are cheap far from it. This can come as a real surprise for some ev owners when they go to charge on the road prices for public charging stations really depend on the provider and they can range widely from state to state.
Did you know that states even have different ways of calculating what theyll base charging costs on some states only allow providers to charge on a per minute basis? Other states allow pricing based on the kilowatt hour of electricity use. Just look at a few examples. Theres, a charging network called blink. It charges you anywhere from four to six cents per minute or ‘ to 79 cents per kilowatt hour. It all depends on where you choose to charge your car. Even teslas. Charging prices vary, tesla charges, 28 cents per kilowatt hour or 13 to 26 cents per minute. Speaking of ev charging heres another thing your ev is costing you that many people forget to think about, and that is time they say. Time is money and its true with new fast charges. You can potentially fully charge your ev in less than 30 minutes. If you think thats a steal, just recall how long it took you to pump gas in your combustion engine car two minutes and if youre in an urgent rush and your car suddenly loses all its juice. 30 minutes can be an eternity and, if youre, not using a fast charger charging time can go up to seven, eight or even 12 hours. If you want to avoid the fast or expensive charging options and prefer the low stress option of at home charging – well, it may be lower stress, but its nowhere near lower cost fully setting up an ev charger on your home isnt cheap.
The average installation cost to get an ev charger for home use can be about 1500 bucks and that number can go even higher, depending on permits. Labor costs and other logistics also remember at home chargers. Arent one size fits all depending on a model of your ev. You might need to buy a specific charger for your cars make, but those arent the only hidden costs of home charging stations. You also have to factor in how much itll cost you to find a trained electrician. Who knows how to install car chargers in the first place, and you might even have to find someone to upgrade the electrical grid in your home to be able to handle such high amperage fast charging now lets say your ev battery suddenly dies on you and you Have to replace well, i got some bad news for you: itll cost you a lot. We can only hope battery technology will get better in the future, but for now you have no choice but to replace your evs battery on average every 8 to 10 years or about 100 000 miles. That might seem far away. But reality is the time flies and when this time period is up, youll be looking at a battery replacement price tag, ranging anywhere from six thousand to even twenty thousand dollars, depending on the make. Even if you do everything right, all rechargeable batteries lose capacity with more use and time its inevitable. Now, in the past, car makers used to clearly warn consumers that batteries lose capacity over time in their owners.
Manuals take nissan leaf. For example, the manual for the 2011 nissan leaf had the warning with nissans estimation that battery capacity would be reduced after five years im talking 80. They added that this was just an estimate. The percentage could be even significantly lower, depending on the individual vehicle and lithium ion battery usage. Really the key to long battery life is how much you charge and how you charge it. Its a general rule of thumb dont run your battery below 10 state of charge. Unless you really have to and avoid regularly charging your evs battery above 80 or 90 percent, most evs allow you to set a level on the car when it will stop charging, but its not only your battery that can break down and break your bank generally. They say evs require less maintenance, as just all things in life. Everything breaks down sooner or later. Really, there are all kinds of things you can break down in an ev and you guessed it. The cost of repairing these things can be much higher compared to that of the combustion engine car. Another common misconception is that ev repairs are cheaper, since it has less moving parts than a traditional combustion engine and also since you dont need to do oil changes thats not true, they are not cheaper. Take a look at tesla, for example, the average annual repair cost for an average combustion engine car last year was 650 bucks, but the average repair cost of a tesla is 830 thats.
Almost an extra 200 bucks a year a company named. We predict even found that ev service costs are 2.3 times higher than a gasoline powered car. In a three month, time frame and at 12 months the ev service costs were 1.6 times higher. They also found that service related costs averaged a bit more like 30 per electric vehicle, whereas a gas powered car average 190 and believe it or not. Ev annual repair costs are going up and thats thanks to the scarcity of parts that are needed for a replacement, but its not only what needs to be repaired in your vehicle. That will cost you its also who can repair it. Electric vehicle, auto mechanics, might not be as easy to find as a combustion engine mechanics as you might think, thats, because evs are modern technology, thats, evolving and changing. Compare that to traditional mechanics who service combustion engine cars, which has been a steady, stable engineering science in the last few decades. By the way, did you know that your car manufacturer might even set specific restrictions on who can repair your unique ev model? This means an even smaller pool of mechanics if you get an ev, its, not just higher sticker price. Youll pay youll also pay higher registration fees. Many people dont know this, but with combustion engine cars, some states charge something called the gas tax. This tax helps to pay for road repairs and other road related issues, but heres the thing evs dont need gas, and that means that as an ev owner, you might not end up paying your fair share in infrastructure taxes.
But some states are getting smart about this. Theyre increasing the registration fee for electric vehicles to make up for lost revenue, every state charges different registration fees, but in general youre, looking at fees ranging from 50 bucks to 200 bucks per year and last but not least, are the add. Ons many models require you to pay to unlock them. Some dont come standard, for example, consider self driving technology and acceleration boosts. Oh, that sounds high tech and exciting, but it also mean itll come with a price and its high. You might even have to pay up to several thousand dollars just to unlock these features. Just look at tesla. If you were to guess how much the full self driving feature would cost you. What would you say? The answer is a whopping ten thousand dollars. The question you need to ask yourself is whether its really worth paying thousands for that well, heres a tip always compare if youre wondering if a new tesla feature isnt really worth it, you should check out other ev models. Thats, because some ev models offer similar features as standard on their models heres the bottom line when it comes to whether or not to buy an ev, you have to take the time to weigh the benefits and the risks sure there are advantages that come with buying An ev but dont forget to take into account these hidden costs too. They could end up costing you literally thousands when you factor everything in you might just end up with the same conclusion as me, that which is better to stay on plug, at least for now.
Until the ev industry makes some drastic changes, but now you tell me which hidden costs from this video shocked you the most.