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this post was submitted on 23 Apr 2024
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They’re way too expensive for most people. Even taking any savings into account from not needing gas, less maintenance, and rebates.
A lot of them are about double just buying a gas car sticker price wise.
I want an electric car but it’s hard to justify it.
Not to mention a lot of people can't afford (or otherwise can't justify) the expense of a new car in general. We're just starting to see some of the very early Leafs drop below $10,000, so there is hope, but the range/dollar needs to improve a bit to make sense for most people.
Of all the used EVs you can get, old leafs are probably the riskiest due to their lack of active battery cooling. Lots of problems due to that decision.
Your best bet will be when the LFP based cars start getting older and hit the used market.
A lot of that comes down to how much you drive it. I did a post a few weeks back that showed a brand new Kia Niro EV could be had for about $200 more per month than a brand new Kia Forte, something like $1000 vs $1200 total cost once you factored in gas for 20,000km a year in driving. The difference would be way more if you only drive 5000km per year, and the difference goes away completely if you drive 30,000km a year.
Yup, bought my electric car because I used to drive 20-30k kms a year. And for a while, it was dirt cheap to drive. Then the pandemic. Now in 4 years, I've put less than 15k/year on it.
The problem is that a lot of people can't afford either Forte or a Niro, and even more can't afford the up-front cost of the Niro, but might be able to swing a Forte.
And the Forte is the cheapest thing they make; Kia, like most OEMs, killed their subcompact offering (the Rio, in this case) in hopes of driving buyers to more expensive options, like compact crossovers. EVs are the worst, but not the only, part of price-inflation in the automotive sector.
Should we see a repeat of 2008, a lot of OEMs are going to be caught without cost-effective offerings. Good luck moving $80K crossovers in a credit crunch.
If you can't afford either, then the discussion isn't really about you. Cost of living is an entirely different issue than ICE vs EV. ICE vehicles WILL cost you more over their lifetime (at least here in BC)
The point of the article is that electric car adoption is stalling, and the reason is because they're largely unaffordable, and the unaffordability of them and housing is only going to make it worse.
So I'd say the discussion very much is about making transportation accessible.