There is a lot of disinformation out there about EV being...

There is a lot of disinformation out there about EV being cheaper to own.

Some holders of lithium stocks (who obviously have a vested interests in pushing their own lithium stocks) claim that EVs are cheaper to own than it's ICE counterpart.

Whilst there might be a perceived saving with not having to fill up with petrol/diesel, as we all know, depreciation is the biggest running cost of any new vehicle. Depreciation with EVs is terrible, as documented over and over in the automotive media. You can Google that yourself.

Insurance costs are higher, and rising.




Source: https://www.evchargecard.com.au/p/why-is-ev-car-insurance-going-up-in/


And along the same lines...

However, Mr Stone cites leading electric car maker Tesla as being challenging to work with.

“Tesla is impossible, they won’t talk to us. They won’t sell a part to anyone outside of their network,” Mr Stone says.

“We’re seeing a lot of enquiry [because] they can’t deal with the amount of repairs. We have to turn them away, we have to blatantly tell the driver, ‘I’m sorry but your brand is too difficult to deal with’. They’re selling plenty of them but the repair network is not big enough.”

The article continues.
Google it, if you're interested in knowing what a nightmare owning an EV can be.