this post was submitted on 07 Feb 2024
89 points (98.9% liked)

[Dormant] Electric Vehicles (Moved to !electricvehicles@slrpnk.net)

3370 readers
1 users here now

We have moved to:

!electricvehicles@slrpnk.net

ArchiveA community for the sharing of links, news, and discussion related to Electric Vehicles.

Rules

  1. No bigotry - including racism, sexism, ableism, casteism, speciesism, homophobia, transphobia, or xenophobia.
  2. Be respectful, especially when disagreeing. Everyone should feel welcome here.
  3. No self-promotion.
  4. No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
  5. No trolling.
  6. Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] rustydomino@lemmy.world 2 points 1 year ago (1 children)

The upfront cost is definitely higher but I think it’s possible to price an entry level EV that is perhaps just slightly more expensive than an entry level ICE vehicle but is cost effective when TCO is taken into account. At least that’s the hope.

[–] canis_majoris@lemmy.ca 0 points 1 year ago* (last edited 1 year ago) (1 children)

Yeah but they're not priced slightly higher, they're priced exponentially higher.

I can't afford a Tesla, even if it'd save me money on gas. It may be cheaper to own with a TCO calculation but I was able to purchase my vehicle outright. I would have to take out a loan and do financing if I were to want to purchase an EV. I may pay more overall for the life of the car in gasoline, but ultimately that is an expense that's amortized over time, and doesn't have an interest rate attached to it.

I don't like leasing or financing. I find it to be a waste of money. I would rather generally wait and save up than amortize a cost with an interest rate. Canada's interest rates are incredibly high right now due to recessive market forces.

[–] rustydomino@lemmy.world 1 points 1 year ago

I agree the pricing (and kinds of entry level models) are not yet available. But that's the dream!