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https://finance.yahoo.com/news/much-switching-electric-vehic...

How much you can save with an EV

Sticker shock is a common occurrence when shopping for an electric vehicle, since EVs can cost anywhere from 10% to over 40% more than similar gas-powered models.

But based on Consumer Reports’ findings, the long-term ownership costs of an EV are $6,000 to $10,000 less than a vehicle with an internal combustion engine.

These are the areas where you’ll see the biggest savings:
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what they didn't include:

some states have annual car taxes on the value of your car. If your EV costs 40% more, you pay 40% more in annual taxes - maybe another thousand or two a year - every year!

Their analysis assumes you charge at home. More than half of people will need to use charge points as they live in places with no charge possibilities like apartment complexes, underground parking, street parking, etc. They will pay a premium - who knows? - 30 or 50% higher to charge at a public 'charging station'. There go the annual fuel savings. Few will be able to 'charge at night' at night rates in that group. Or the charging places won't bother to pass on the savings.

Most new cars have 8000-10000 mile oil changes. My 2016 has an oil life indicator. When it gets down to 15% , then you get the oil changed - for me, usually 8000 miles or so. Sometimes more. You could probably go to 10% oil life.

Oh, and range on an EV drops a bit every year.

they also didn't include the $2000-$3000 to install a fast charger in your garage or carport! Maybe 2 if you have a couple cars and teenagers driving all over the place. or long hauls to school, work, after school activities.


t.
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what they didn't include:

some states have annual car taxes on the value of your car. If your EV costs 40% more, you pay 40% more in annual taxes - maybe another thousand or two a year - every year!

Their analysis assumes you charge at home. More than half of people will need to use charge points as they live in places with no charge possibilities like apartment complexes, underground parking, street parking, etc. They will pay a premium - who knows? - 30 or 50% higher to charge at a public 'charging station'. There go the annual fuel savings. Few will be able to 'charge at night' at night rates in that group. Or the charging places won't bother to pass on the savings.

Most new cars have 8000-10000 mile oil changes. My 2016 has an oil life indicator. When it gets down to 15% , then you get the oil changed - for me, usually 8000 miles or so. Sometimes more. You could probably go to 10% oil life.

Oh, and range on an EV drops a bit every year.

they also didn't include the $2000-$3000 to install a fast charger in your garage or carport! Maybe 2 if you have a couple cars and teenagers driving all over the place. or long hauls to school, work, after school activities.

t
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No. of Recommendations: 1
I noticed the article compared EV cost to gas power vehicles. It would have helpful to include the cost of hybrid vehicles.

In my burg of 100,000 in NM. There are only 3 public charging stations none of them a Tesla supercharging station. Thus an EV purchaser would need to install a 240v charger in their home for an additional cost of $1500-$2000. Perhaps more if they needed to upgrade there main fuse box.

While EVs will be the wave of the future especially as their range increases it will be years until enough public charging stations are installed for those who take long distance trips. Also the working class cannot afford new vehicles let alone their own charging port. So gasoline powered vehicle will still on the road in my remaining lifetime of 10 to 15 years.
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