Australia's largest stock trading and investment forum Australia's #1 stock forum

Electric cars not the best option, page-3306

First 3306 Last

Share
Profile

Follow
moorookamick

23,170 Posts.

769

29/05/21

08:37

Post #: 53503597
Share

Originally posted by moorookamick: ↑

What make/model do you have & how much did it cost?
Personally I'm interested in the overall cost per year of
operating an EV vs an ICE of similar size.

IE:
-Initial purchase price
-insurance & rego
-R&M (incl tyres etc)
-depreciation (accounting for battery depletion)
etc.

IMO for a person travelling 10k kms a year the
new EV premium + the insurance premium is
not economically viable.

ICEs are becoming more fuel efficient by the year
just had a look at a 1 litre Ford & a 1 litre Kia at sub
$30K and their interior space was equivalent to a
$60K EV. IMO the extra $30 investment & the
$500/year extra for insurance is not economically viable
for a person motoring 10K to 12K kms p/a.
Perhaps the Chinese over the next few will resolve this price gap..eh?

The MG 3 EV is the cheapest on the market @ $42K drive away,
while he Koreans are closer $60K

Expand

PS: the quickest way to compare/contrast an ev with an ICE
is to get an operating lease quote on both including servicing and
guaranteed buy back price leaving the only variables of fuel/charging
costs, insurance & tyres

Due to the EV's higher weight the cost of tyres will be higher than an equivalent
size ICE., IMO.
Upvote

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

There are more pages in this discussion • 591 more messages in this thread...

First 3306 Last

SPONSORED BY