Yeah it may be more upfront, but most people finance any way and your monthly payment will be offset buy your fuel savings.
There’s enough of a stock of used EVs, quite often with low mileage, at this point that cost is becoming less of an issue for people then the perceived lack of convenience. That and dealerships/manufacturers not promoting them because they get less maintenance fees and they’re lower margin then a giant SUV or pickup.
most people at this point chosing fuel over electric, the main motivation is best case “habit” or worst case political statement, it has very little to do with money or the technical limitations of the vehicles anymore. They just don’t like change, they’re scared of it. They have driven a fuel car all their lives and they will continue their habits as long as they are allowed to. The range on EV’s is crazy now. For christ’s sake, an electric bicycle has a reach of 100km! How far out away from what they need do the average 90% of people live… less than a few kilometers.
It’s really not that hard to put a price on societal collapse and the end of humanity: the money it costs to try to mitigate that is infinite and every decision every person makes right now should be made in that light of exponentially higher costs later if bad choices which now seem slightly less expensive are made now…
Yeah. If you’re paying for the car outright, your free cash every month will be higher, which can go back into savings. If you’re financing the car, your monthly expenses will quite possibly be the same or lower, because you pay for gas every month, too.
You appear to not be factoring in the constant costs of fuelling. Those who can rig wind or solar (¿Por que no los dos?) in particular will make up that 10K difference easily over the life time of the vehicle. Using Ottawa gas prices (about $1.73/l) your 2024 Sonata needs about a hundred bucks to fill up the tank. Unless you’re one of those stereotypical “grannies who only use the car to drive to church every Sunday”, the CAA puts the average driver as doing roughly 50 fill-ups per year. That means if you own the Sonata for two years you’ve already used up that $10K difference.
Every refuelling after that puts you into the hole.
And that, right there, illustrates the difference between capital expenditure and ongoing expenses.
Your IONIQ, incidentally, will ideally cost virtually nothing if you can spin up a wind/solar system to charge it. If you have to pay off-peak grid rates, however, you’ll find that for Ontario you’ll be paying about $450 per year charging.
Look into the hidden cost of being poor. I was indeed factoring in this.
The point I’m making is people without money do not have an extra 10k to put in a car even if the lifetime cost is less due to other reasons.
This is also why rich people buy good shoes and they last for a few years. Poor people pay more but buy cheap shoes which have to be replaced yearly.
So I stand by what I say. The actual sticker price of that electric car needs to be the same or less than a petrol car for it to receive mass adoption.
This is why buying new cars is dumb,
A used Hyundai sonata 2024 is ~20k USD
A used Hyundai ioniq 6 2024 is ~24k USD
Yeah it may be more upfront, but most people finance any way and your monthly payment will be offset buy your fuel savings.
There’s enough of a stock of used EVs, quite often with low mileage, at this point that cost is becoming less of an issue for people then the perceived lack of convenience. That and dealerships/manufacturers not promoting them because they get less maintenance fees and they’re lower margin then a giant SUV or pickup.
most people at this point chosing fuel over electric, the main motivation is best case “habit” or worst case political statement, it has very little to do with money or the technical limitations of the vehicles anymore. They just don’t like change, they’re scared of it. They have driven a fuel car all their lives and they will continue their habits as long as they are allowed to. The range on EV’s is crazy now. For christ’s sake, an electric bicycle has a reach of 100km! How far out away from what they need do the average 90% of people live… less than a few kilometers.
It’s really not that hard to put a price on societal collapse and the end of humanity: the money it costs to try to mitigate that is infinite and every decision every person makes right now should be made in that light of exponentially higher costs later if bad choices which now seem slightly less expensive are made now…
Yeah. If you’re paying for the car outright, your free cash every month will be higher, which can go back into savings. If you’re financing the car, your monthly expenses will quite possibly be the same or lower, because you pay for gas every month, too.
I just looked in Canada
2024 sonata. 28k
2024 IONIQ 6. 39k
I’m sorry I’m not paying over 10k more for an electric car that’s absolutely insane.
You appear to not be factoring in the constant costs of fuelling. Those who can rig wind or solar (¿Por que no los dos?) in particular will make up that 10K difference easily over the life time of the vehicle. Using Ottawa gas prices (about $1.73/l) your 2024 Sonata needs about a hundred bucks to fill up the tank. Unless you’re one of those stereotypical “grannies who only use the car to drive to church every Sunday”, the CAA puts the average driver as doing roughly 50 fill-ups per year. That means if you own the Sonata for two years you’ve already used up that $10K difference.
Every refuelling after that puts you into the hole.
And that, right there, illustrates the difference between capital expenditure and ongoing expenses.
Your IONIQ, incidentally, will ideally cost virtually nothing if you can spin up a wind/solar system to charge it. If you have to pay off-peak grid rates, however, you’ll find that for Ontario you’ll be paying about $450 per year charging.
Look into the hidden cost of being poor. I was indeed factoring in this.
The point I’m making is people without money do not have an extra 10k to put in a car even if the lifetime cost is less due to other reasons.
This is also why rich people buy good shoes and they last for a few years. Poor people pay more but buy cheap shoes which have to be replaced yearly.
So I stand by what I say. The actual sticker price of that electric car needs to be the same or less than a petrol car for it to receive mass adoption.
Not equivalent, the IONIQ is luxury