Yes they should regardless of current gas prices.
Whew! Just bought my ‘25 EV6 in Jan before this madness kicked off, replacing a 25mpg Honda Ridgeline. No regrets so far, especially being able to charge at home.
What about that monthly payment though?
No doubt. Between selling the Ridgeline to Carmax for a great price and big incentives from Kia, I was wanting to switch to an EV anyway. The payment is minimal and I was so over buying gas and doing ICE maintenance.
Big mistake was buying over leasing but it wasn’t possible across state lines apparently.
The big mistake was buying a new EV. You will see $10,000/yr devaluation. By year three, you owe far more than the car is worth.
Buy used and avoid a bank loan, then save even more thousands on insurance.
That’s what I did with my used '23 Bolt, one of the better decisions in my entire life, and I had a small window of opportunity to be able to pay for it in full. No payments, charge once a week at the Tesla supercharger, primarily used to commute to work. As an investment, it has already paid for itself by making it possible to commute.
Gas over $5…“maybe we should buy an EV”
Gas goes down to $4.90…“We need the 600hp 9.5L V8 because we just had a baby”.
After months of wondering if it was the right time, last December I retired my 17yo petrol car for an EV with a 11k€ government grant. I feel so vindicated
Did the whole solar + EV setup a year ago, and it’s been great. Even producing a little less than I expected, with the rising bills the breakeven date might hit under 10 years even though I originally expected 13.
It’s a diverse investment that’s extremely safe. If you can even get near neutral on the financial side, the security and convenience benefits are great.
As long as you have assurance in this chaotic world that you won’t need to move in those 10-13 years. I financed my solar and ended up needing to move a year after.
Keep an eye on carmax, brand new EV’s are still cost prohibitive but you may be able to find a good deal on a used one.
Found one with less than 10k miles on it, absolutely worth it — weighing what I was paying for gas against what I pay to fill up my battery + the payment shows that I’m only paying slightly more for the EV. That is, while I still have my car payment (and hoping electricity doesn’t go up, which it 100% will).
Good news is a wave of ~300,000 off lease EVs are about to hit the used market, so there might be some good deals to be had.
Used EVs plummet in value, typically 50% gone in 3 years. EVs have become the teenager car because you can get a used leaf without many miles for $5000.
As a driver, I’m not wondering whether I should switch from EV to ICE. Not wondering at all.
I’ll stick with my hybrid because I like watching the brahs in tears when their pump ticks over $200.
My PHEV allows me to do that but I just don’t bother with the brahs anymore.
Their eyes well up at $180 and by $225 they realize they cannot afford protein tonight…brah.
I pay around 10 cents per km at a public station. Whatever they pay I doubt they know.
Depends if they saving money
