The logical follow on from this is that EV owners should have cheaper car insurance. With far fewer moving parts they will also have much cheaper maintenance costs. Added to that EVs are cheaper to buy.
China has reached the point where 50% of new car sales are EVs much quicker than anyone expected. Most people thought that was years away, but we’re already there. How soon before people start talking about a “death spiral” when it comes to gasoline cars?
Relevant Data
Per 1,000 vehicles of 3 year old cars
ICE 6.4
BEV 2.8
The ADAC even noted a growing lead for electric cars in recent years. The analysis was based on the more than 3.5 million call-outs made by ADAC breakdown services last year
If you just look at sticker price, it seems dumb to think of buying an ev. Think about all of the money you spend on top of that 10k initial purchase for an ice vehicle for maintenance and energy. Add up all of the expense associated with the car over the amount of time you use it. Now look at all of the cost associated with an EV. If the cost of the ice vehicle is less, buy that. If not, buy an ev.
I’ve saved around 2-3k a year on gas alone since I bought my ev. My electric rates are less than a third of what I was spending on gas. Never have to change the oil or flush a radiator either. If I drive it for around 1 more years, I’ll be saving money on the total purchase. If I drive it another 8 years, I’ll have saved more money than the total cost of the vehicle.
It’s all dependent on how much you buy it for, the tax incentives you can get, how much you drive, and where you can charge on whether it’s right for you. It’s not right for some and is a no-brainer for others.
That’s… that’s not a car. Don’t get me wrong I like that thing a lot! But it’s not a fair comparison, even Citroen calls it a ‘light quadricycle’ or something like that, and I would say 8k€ is a bit expensive for a comfy electrical scooter you need a parking spot for.
Well, look, I don’t know what the French car market is like, but Dacia Sandera starts from €16k here in the UK (£13,795), so I have no clue which car you can buy for €10k. Ami is pretty much the only choice and it’s fully electric, even if it’s a quad bike. Also the new Dacia Spring EV is just £1k more expensive than Sandera. So yeah, no excuse to drive an ICE car.
I’m not French, nor I live there, either, but a friend of mine bought a Hyundai i30 like 1-2 months ago under 12k€. There are plenty of second hand cars under 10k.
And I would say there are some excuses for ICE cars yet, for example virtually everybody in my country lives in an apartment, so unless charging stations are set up every 5 meters on all sidewalks (and in my neighborhood sidewalks are VERY narrow, some of them barely half a meter) most people are just bound to our polluting metal monsters.
I think it’s fairer to compare new cars to used cars than new cars to new not-cars like the ami. Also I missed the part on the thread where it was specified anything about the car being brand new.
Citation please. I have an EV and a gas powered truck. My truck is a hole in my wallet that bleeds money. In the entirety of the time that I’ve had my EV, I’ve had to… get the breaks done.
Same manufacturer (Nissan), same-ish years.
Also have you had an ICE vehicle repaired recently? They too are extremely expensive to be worked on.
Even without a source I can see how ICE vehicles are cheaper to repair (assuming you don’t have some high-end expensive car. I had a relatively “new”-ish engine replaced in my ICE vehicle (I’ll let you guess the make/model) for just under $2,200, this is including labor.
ICE vehicles are “old tech” and everyone knows how they work and where to source cheaper (new or rebuilt) parts. All bets are off if you’re working directly with a dealer when trying to save money.
I’m looking forward to owning an EV at some point, but will definitely need to find someone who’s competent whenever any major issues appear. Hopefully by then they’re significantly more common and the industry has more people that are competent at that type of work.
Thanks. So if we take that headline statistic of a repair being 29% more expensive for an EV.
Lets call the average cost of a repair 1k (just for easy math). The same repair on an EV would be 1290.
This is the cost disparity for an individual repair.
We can update that with the data from this article, that EV’s need to be repaired half as often. Lets say you need to do a 1k repair approximately once per year for an aging vehicle.
The EV cost per average repair per rate per year would be at ~645, while the ICE vehicle would be 1k, and would represent a 35% savings over the lifetime of the vehicle.
What would be particularly interesting to me would be more understanding of when in the lifetime of a vehicle these repairs need to be made. Are EV’s more ‘steady’ than ICE in terms of repairs? Are they more ‘frontloaded’ and random? Like a bad battery controller, or whatever, and the thing just goes in short order.
Ice vehicles are predictably ‘rear loaded’ in time when it comes to repairs, just because you have a big hot box of shit slamming around needing lubricant and heat dissipation, and that can only go on for so long before something wears out. Just having fewer moving parts with lower heat dissipation requirements seems like such a significant advantage in the shorter and longer term.
The logical follow on from this is that EV owners should have cheaper car insurance. With far fewer moving parts they will also have much cheaper maintenance costs. Added to that EVs are cheaper to buy. China has reached the point where 50% of new car sales are EVs much quicker than anyone expected. Most people thought that was years away, but we’re already there. How soon before people start talking about a “death spiral” when it comes to gasoline cars?
Relevant Data
Per 1,000 vehicles of 3 year old cars
ICE 6.4
BEV 2.8
The ADAC even noted a growing lead for electric cars in recent years. The analysis was based on the more than 3.5 million call-outs made by ADAC breakdown services last year
I don’t undestand this. My ICE car cost 10k euros in France. Most EVs have a price around 40k. How is it cheaper?
It’s not, it’s a made up propaganda from a heavily subsidized Chinese industry.
The OP is correlating insurance to maintenance costs. That should tell you everything you need to know about the reliability of their statements.
If you just look at sticker price, it seems dumb to think of buying an ev. Think about all of the money you spend on top of that 10k initial purchase for an ice vehicle for maintenance and energy. Add up all of the expense associated with the car over the amount of time you use it. Now look at all of the cost associated with an EV. If the cost of the ice vehicle is less, buy that. If not, buy an ev.
I’ve saved around 2-3k a year on gas alone since I bought my ev. My electric rates are less than a third of what I was spending on gas. Never have to change the oil or flush a radiator either. If I drive it for around 1 more years, I’ll be saving money on the total purchase. If I drive it another 8 years, I’ll have saved more money than the total cost of the vehicle.
It’s all dependent on how much you buy it for, the tax incentives you can get, how much you drive, and where you can charge on whether it’s right for you. It’s not right for some and is a no-brainer for others.
Look the prices of Dacia and MG.
Citroen Ami starts from €8k https://www.citroen.fr/ami
That’s… that’s not a car. Don’t get me wrong I like that thing a lot! But it’s not a fair comparison, even Citroen calls it a ‘light quadricycle’ or something like that, and I would say 8k€ is a bit expensive for a comfy electrical scooter you need a parking spot for.
Well, look, I don’t know what the French car market is like, but Dacia Sandera starts from €16k here in the UK (£13,795), so I have no clue which car you can buy for €10k. Ami is pretty much the only choice and it’s fully electric, even if it’s a quad bike. Also the new Dacia Spring EV is just £1k more expensive than Sandera. So yeah, no excuse to drive an ICE car.
I’m not French, nor I live there, either, but a friend of mine bought a Hyundai i30 like 1-2 months ago under 12k€. There are plenty of second hand cars under 10k. And I would say there are some excuses for ICE cars yet, for example virtually everybody in my country lives in an apartment, so unless charging stations are set up every 5 meters on all sidewalks (and in my neighborhood sidewalks are VERY narrow, some of them barely half a meter) most people are just bound to our polluting metal monsters.
Why are comparing new cars to use cars?
I think it’s fairer to compare new cars to used cars than new cars to new not-cars like the ami. Also I missed the part on the thread where it was specified anything about the car being brand new.
No, there’s no point comparing prices of new cars to old cars.
Car insurance doesn’t cover breakdowns. EVs are expensive to repair right now.
Citation please. I have an EV and a gas powered truck. My truck is a hole in my wallet that bleeds money. In the entirety of the time that I’ve had my EV, I’ve had to… get the breaks done.
Same manufacturer (Nissan), same-ish years.
Also have you had an ICE vehicle repaired recently? They too are extremely expensive to be worked on.
Even without a source I can see how ICE vehicles are cheaper to repair (assuming you don’t have some high-end expensive car. I had a relatively “new”-ish engine replaced in my ICE vehicle (I’ll let you guess the make/model) for just under $2,200, this is including labor.
ICE vehicles are “old tech” and everyone knows how they work and where to source cheaper (new or rebuilt) parts. All bets are off if you’re working directly with a dealer when trying to save money.
I’m looking forward to owning an EV at some point, but will definitely need to find someone who’s competent whenever any major issues appear. Hopefully by then they’re significantly more common and the industry has more people that are competent at that type of work.
https://www.businesswire.com/news/home/20231115820568/en/Groundbreaking-Global-EV-Repair-Cost-Research-Unveils-29-Higher-Overall-EV-vs.-ICE-Repair-Costs-in-Side-by-side-Model-Comparison#:~:text=Overall%2C EV repair costs are,costs%2C globally%2C on average.
Thanks. So if we take that headline statistic of a repair being 29% more expensive for an EV.
Lets call the average cost of a repair 1k (just for easy math). The same repair on an EV would be 1290.
This is the cost disparity for an individual repair.
We can update that with the data from this article, that EV’s need to be repaired half as often. Lets say you need to do a 1k repair approximately once per year for an aging vehicle.
The EV cost per average repair per rate per year would be at ~645, while the ICE vehicle would be 1k, and would represent a 35% savings over the lifetime of the vehicle.
What would be particularly interesting to me would be more understanding of when in the lifetime of a vehicle these repairs need to be made. Are EV’s more ‘steady’ than ICE in terms of repairs? Are they more ‘frontloaded’ and random? Like a bad battery controller, or whatever, and the thing just goes in short order.
Ice vehicles are predictably ‘rear loaded’ in time when it comes to repairs, just because you have a big hot box of shit slamming around needing lubricant and heat dissipation, and that can only go on for so long before something wears out. Just having fewer moving parts with lower heat dissipation requirements seems like such a significant advantage in the shorter and longer term.
You must have shite car insurance 😂
Insurance has nothing to do with maintenance.