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pentae | 2 years ago

I feel the same way and after speaking with many EV people i've realised the main benefit is how cheap they are to run. This comes down to the increase in efficiency compared to an ICE - ~80% of the battery energy finds its way to the wheels on EV's, vs ~30% on an ICE. If you live somewhere where electric costs are very low then a 0 to full charge your EV costs about $10. (Someone please correct me if i'm off on this one)

Depending on your mileage, by saving $3k-$4k a year on gas theres certainly a case to be made for an EV being a more sensible financial decision in the long term especially given government tax incentives

One of the biggest reason for the massive disparity in efficiency on EV's is due to regenerative braking (16-25%). So what's interesting is when you compare an EV to a Hybrid ICE vehicle then the efficiency disparity becomes a lot less and you still have the benefit of being able to take long trips and not needing a home charger.

Anyone thats driven a Hybrid Toyota will tell you that fuel consumption is dramatically less, in my real world scenarios I use about 2.5x less gas in something like a Toyota Corolla Cross compared to my not overly thirsty ICE BMW.

Another benefit to Hybrids is they only require a ~1kWh battery instead of needing a huge 60-70kWh battery like an EV. So you could create 60 or 70 hybrid vehicles for the same amount of lithium mining as one EV.

One has to wonder why the governments aren't just pushing everyone into Hybrids instead of EV's? If a young person was asking me to recommend a car and they didn't have a home charger I wouldn't hesitate to recommend something like a new Toyota HEV / Honda e:hev - they are basically an EV with an on-board Atkinson engine as a powerplant.

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coryfklein|2 years ago

EVs are still solidly in the "luxury" category; they're specifically being sold to folks who are not paying attention to the price at the pump in the first place. So I don't understand why "they save you money" is even a selling point at all right now.

Once you see folks replacing their beat-up 1992 Honda Civic with EVs then you'll know that "they save you money" is actually a thing.

bluGill|2 years ago

A lot of people have weird budgets. So they will think nothing of $1000/month for a car payment, but complain about gas prices that work out to $100/month. They rarely consider that they could get better mileage luxury car for similar monthly payments but using a lot less gas.

Which is to say I do know people who complain about gas prices on their luxury cars.

jes5199|2 years ago

I have a 2021 Chevy Bolt, it is not a luxury car, it was hella cheap. My sister-in-law drives for Uber/Lyft and bought a Tesla model 3 because the total cost of ownership is lower than any gas car

insane_dreamer|2 years ago

> EVs are still solidly in the "luxury" category

Not all models. With the tax rebate, a Tesla 3 costs nearly the same as a Camry, so does the Nissan Leaf, Chevy Bolt. If you want a Polestar or Mach-e, sure, then your in BMW/Merc price range.

skwirl|2 years ago

> the main benefit is how cheap they are to run

This is a pretty weak main benefit as ICE cars are already cheap to run. At 12k miles/year, 30 MPG, and $3.20/gallon you are only talking $1300/year in fuel.

According to AAA, taking fuel, maintenance, repair, and tires into account someone driving 15k miles a year would only save $330. Given the cost premium on an EV over a comparable ICE car, I’m not sure you would ever come out ahead, although the cost gap is admittedly shrinking.

shagie|2 years ago

There's a section on XKCD 980's chart for that - https://xkcd.com/980/huge/#x=-2004&y=-6294&z=6

While it's a bit dated, you can see the parts with the cost difference and the "if gas was this much".

You can see some things like the Honda Insight (hybrid) has a slightly lower 5 year cost of ownership than the Honda Fit (ICE).

It would be curious to do an update of that part of the chart for current models.

blue_cadet_3|2 years ago

> If you live somewhere where electric costs are very low then a 0 to full charge your EV costs about $10.

I rented a Tesla Model 3 recently. From 40% to 98% cost me $7 CAD and I was able to drive from Vancouver to Tacoma, WA on a single charge and arrived with 20% battery. In the Seattle suburbs it cost a bit more, $13 USD, to go from 20% to 90% due to a supercharger station having issues so demand was higher at the next closest one.

$7 to go 175mi(283km) sold me on an EV as my next car. I never felt like I would be stranded and when the battery is conditioned for fast charging by time you pop in somewhere to use the bathroom and grab a coffee or snacks you're pretty much good to go.

strunz|2 years ago

>by time you pop in somewhere to use the bathroom and grab a coffee or snacks you're pretty much good to go.

I really think these comments are just EV driver rationalization. You really spend 30-45 minutes at a rest stop on road trips? When we take road trips we spend almost no time stopped. Even if we're eating, it's in the car. I can't even imagine stopping multiple times for 30-45 minutes to recharge, that is not the same as "going to the bathroom and grabbing a snack". That takes like 5 mins tops, the rest is just wasting time you could be on the road.

brailsafe|2 years ago

I also usually rent a car for the same trip, but am quite happy to continue renting every single time. $150 for the couple of days I usually leave for, maybe at most 3 times a year, and maybe $80 in gas. Saves me like $2000/year minimum. Buying a car hasn't seemed sensible since moving to Vancouver, because the transit is so good, and I'm not rich and don't want the liability of owning one when the job market disappears (now).

Not that there aren't reasons to own one here mind you, surely a long and unwieldy commute might do it, but then you're probably in Delta or a suburb, which was my situation when I last had one; after it was crashed, I just didn't buy another and realized that I used it more because I had it rather than having it to help me go distances I'd need to anyway.

recursive|2 years ago

> i've realised the main benefit is how cheap they are to run

Depends what you value. For me, that's a nice to have. Greater benefits are: never go to a gas station, no oil changes, no fumes, more fun to drive.

Rumudiez|2 years ago

> more fun to drive

I’d argue the opposite, but it’s certainly subjective. Driving my sister’s Model 3 was leagues below my cheap little BRZ, and it’s still slower than my motorcycles if I want to accelerate fast. The suspension is crap. Body roll was astoundingly bad and the front end doesn’t want to push you through corners when trail braking. I was excited to drive it, but after 500 miles of backroads and open freeway I firmly believe a cheap sports car is a much better driving experience.

conk|2 years ago

IMO the lack of fumes/exhaust is my favorite part of owning an EV. Sure there are some downsides with EVs (more expensive to buy, less range, lack of public charging infrastructure) but those don’t impact me and I’d gladly take the negatives for a car that doesn’t smell every time I park it in my garage.

m_mueller|2 years ago

> Anyone thats driven a Hybrid Toyota will tell you that fuel consumption is dramatically less, in my real world scenarios I use about 2.5x less gas in something like a Toyota Corolla Cross compared to my not overly thirsty ICE BMW.

well that depends on the ICE car and your driving behaviour. E.g. VW group turbo 4 cylinders from ~5y ago are very efficient. I drive a 5yo Seat Leon ST (basically like a slightly smaller Golf Variant, e.g. a typical European hatchback), and mostly at highway speeds with some mountain driving also. With this I get ~45-47mpg or ~5.0-5.2l/100km. A hybrid would maybe get me up to 50mpg but not much more, as highway speeds are not really where they gain you much. They're great for the occasional shopping run, but where I live those are max. 20min driving both ways, so not that much of an impact either.

pentae|2 years ago

Absolutely! But most ICE vehicles people drive don’t get anywhere near that type of mileage because we tend to be buying much larger heavier cars. Hybrids help a lot of people get god level mpg and the reduced running costs without needing to go all in on electric

fho|2 years ago

As "someone with a Toyota hybrid": I consistently use about 1l/100km than that. (The dash keeps a "best milage" number, which is 3.8l/100km for me right now.

At some point it becomes bike shedding, but a 20% reduction (from 5l to 4l) is still impressive to me.

fho|2 years ago

As "somebody who just bought a 2013 Toyota Yaris Hybrid":

Full EVs are for some selected few... Here in Germany it's just homeowners with PV already installed. I did the math before deciding on the hybrid and literally everybody else is paying more for electricity (at 0.4€/kWh) and is producing more CO2 (at avg. 400g/kWh).

I really pity the guys in their Dacia Spring SUVs in the supermarket parking lots (at 0.6€/kWh) who bought a EV to "do the right thing" here.

(That said, that's a problem very unique to Germany ... Most countries around us have cheaper electricity and a smaller CO2 footprint per kWh.)

mushufasa|2 years ago

I think the savings argument often misses the context of discount rate: the NPV of the savings is a lot less than the total savings, especially with high interest rates.

phpisthebest|2 years ago

I tend to keep my Vehicles longer than most people, currently I drive a 2015 model.

All that savings goes out the window if I am hit with with $40,000 to $60,000 repair bill to change the battery, even if my entire drive chain goes out in my ICE I am looking at probably $5,000 and that rarely happens.

batteries 100% will need replaced, and ICE can go decades with no major issues

lanstin|2 years ago

Except global warming.

insane_dreamer|2 years ago

> If you live somewhere where electric costs are very low then a 0 to full charge your EV costs about $10. (Someone please correct me if i'm off on this one)

Our utility offers very cheap prices at night, so our Tesla 3 costs $2.25 to fully charge vs. $55-70 for our Forester.

Also, maintenance is cheaper on EVs.

danans|2 years ago

> If you live somewhere where electric costs are very low then a 0 to full charge your EV costs about $10.

It's not that simple because "full" means something very different in a Cybertruck (123kWh battery) vs a base Ioniq 6 (53kWh battery).

Likewise the fuel economy is dramatically different with the Cybertruck at 2 miles/kWh Vs the Ioniq 6 at 4.6 miles/kWh.

Assuming a cheap electricity rate of $.15/kWh, the Cybertruck will cost $.07/mile to drive.

The Ioniq will cost $.03/mile.

The regular hybrid Prius gets 56 mpg. At the cheapest current (i.e. Texas) gas price of $3/gallon, it would cost $.05/mile to operate.

It will be far less performant than either the Cybertruck or the Ioniq 6, though.

> One of the biggest reason for the massive disparity in efficiency on EV's is due to regenerative braking (16-25%). So what's interesting is when you compare an EV to a Hybrid ICE vehicle then the efficiency disparity becomes a lot less and you still have the benefit of being able to take long trips and not needing a home charger.

The disparity is still around 28%, which when talking about efficiency is pretty big.

> Another benefit to Hybrids is they only require a ~1kWh battery instead of needing a huge 60-70kWh battery like an EV. So you could create 60 or 70 hybrid vehicles for the same amount of lithium mining as one EV. > One has to wonder why the governments aren't just pushing everyone into Hybrids instead of EV's?

We aren't lithium constrained, we are battery manufacturing capacity constrained. One goal of the IRA (and its EV incentives) is stimulating the build-out of a domestic battery manufacturing supply chain. That battery production capacity is a strategic asset, not just for cars, but also for stationary storage. It's a win-win for energy security and decarbonization.

There are also plugin hybrids that use smaller batteries, but let you use either/both electricity and gasoline (albeit with an efficiency penalty on both drivetrains).

Also, 67% of Americans live in single family homes (mostly suburbia), many with an electrical outlet near their parking spot that they can use to charge their cars. These are also the people who drive the most on a per capita basis.

> If a young person was asking me to recommend a car and they didn't have a home charger I wouldn't hesitate to recommend something like a new Toyota HEV / Honda e:hev - they are basically an EV with an on-board Atkinson engine as a powerplant.

Depends on the young person. For one thing, I wouldn't recommend that any young person buy a new car unless they are very financially comfortable. But if you don't have a home charger (or nearby DC fast charging) it's not a matter of a recommendation, but rather a physical requirement to get an ICE car, so it might as well be a hybrid.

tsimionescu|2 years ago

The Cybertruck is a bad example, being a car that doesn't really exist (they've sold what, a hundred cars?) and that has at best a tiny niche market (man children living their boyhood dreams of driving a Transformer).