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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (1431659)	1/5/2024 4:22:32 PM
From: Broken_Clock	2 Recommendations Recommended By isopatch longz Respond to of 1572226

Electric Vehicle Prices Falling Electric vehicles (EVs) remain a small portion of the market. But EV prices, long at luxury-car-like highs, have begun to fall. The average price paid for a new EV decreased in December by $3,594 (down 5.5%) compared to November and ended the year lower by 0.6%. The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average. The drop was led by Tesla, which heavily discounted cars during the month – an unusual move caused by the Jan. 1 arrival of new government EV incentives. Telsa’s share of the EV market is shrinking but still dominant – more than 65% of EVs sold are Tesla products.

To: Eric who wrote (1431659)	1/5/2024 5:16:39 PM
From: Tenchusatsu	Respond to of 1572226

Eric, from your own article: The average price paid for a new EV decreased in December by $3,594 (down 5.5%) compared to November and ended the year lower by 0.6%. *The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average.* That is well above the average new car price of $49,500. 24% above, to be exact. Consider an extra $2,000 (minimum) for installing a home charger, and you're looking at a premium of $14,000. That's equivalent to 2800 gallons of gas, if you take California's absurdly high gas prices of $5/gallon. (Even more gallons of gas if you live elsewhere, where gas is $3/gallon.) Given an average MPG of 25 for an ICE, you'd have to drive 70K miles before the gas savings pays for the difference in cost. And that's assuming you get the electricity for "free," which no one does. My rule of thumb is that electricity cost about 1/3 to 1/2 the range-equivalent of an ICE. Therefore you'd have to drive 105K to 140K miles before the energy cost savings pays for the difference. It simply does not make economic sense. Now I'll wait while you tell me that home chargers are free, electricity is free, solar energy is free, the reflections from a nearby body of water is free, etc. etc. Tenchusatsu