Quote from: indy on May 11, 2025, 21:37:45Just paid $12K for a 2009 ICE car with only 80K miles. That is $36K LESS than a modern average car purchased today.
Car is in near mint shape.
So [per the article data] saving $~1700/ 5 years with EV versus ICE?
It would take roughly 21 years for an EV to be cheaper given my example( excluding gas costs.)
If you exclude gas costs then your calculations make no sense. Not to mentioned older car means stuff more likely to break down and higher maintenance costs. Hence why average ownership time of new cars is longer than used.
Quote from: indy on May 11, 2025, 21:37:45Just paid $12K for a 2009 ICE car with only 80K miles. That is $36K LESS than a modern average car purchased today.
Car is in near mint shape.
So [per the article data] saving $~1700/ 5 years with EV versus ICE?
It would take roughly 21 years for an EV to be cheaper given my example( excluding gas costs.)
So you took a used car that's 16 years old and compared it to a new car, brilliant!!
QuoteSo you took a used car that's 16 years old and compared it to a new car, brilliant!!
I know, right? It makes my point even more poignant.
Quote from: A on May 12, 2025, 00:34:47Quote from: indy on May 11, 2025, 21:37:45Just paid $12K for a 2009 ICE car with only 80K miles. That is $36K LESS than a modern average car purchased today.
Car is in near mint shape.
So [per the article data] saving $~1700/ 5 years with EV versus ICE?
It would take roughly 21 years for an EV to be cheaper given my example( excluding gas costs.)
If you exclude gas costs then your calculations make no sense. Not to mentioned older car means stuff more likely to break down and higher maintenance costs. Hence why average ownership time of new cars is longer than used.
If I include gas/electricity costs it works out in ICE favor, assuming fuel/charge at public stations.
Average cost of gas is currently $3.20/gallon.
Average charging rate in the U.S. is ~$.36/kWh
Let's average 12K miles a year.
Electricity costs would be $7600 over 5 years.
Gas cost would be $7111.
You could reduce this by buying a charger at home and pay much lower rates, but that isn't always possible for many people, and has additional costs and electrical code updates.
Also it takes *much* longer to charge EVs than gas vehicles, so if we attribute $/time the factor heavily weighs in gas favor.