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Are Electric Cars Worth It? (EV vs. Gas Cost Comparison)

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Description Are Electric Cars Worth It? (EV vs. Gas Cost Comparison)

Comments Are Electric Cars Worth It? (EV vs. Gas Cost Comparison)

I'm surprised nothing mentioned about auto insurance EVs have extremely high premiums Also it depends which car brand you drive My debt-free, cheap to operate, 21-year old Honda Accord is still running like a champ I'll stick with my ICE car Comment from : Barshalom

One additional thought; what will an electric vehicle be worth in 10 years if you have to replace all of the batteries? I hear they're pretty expensive, like many, many thousands of dollars You don't have that issue with a used car Comment from : bilysquier

Can someone who has had both do a spreadsheet with maintenance cost+fuel vs time? The numbers would make so much more sense when it comes to this stuff Comment from : Jhon Hernandez

There are many factors to consider Electricity is cheap now, but I don't expect it to stay that way as demand skyrockets due to electric vehicles and our other technologies And as government starts losing money at the gas pump, they will make up for it by increasing electricity taxes Comment from : Nathan Gesner

I enjoyed this episode Thank you Comment from : scooter10421

I've been driving only EV for the last couple years primarily We have a second service in our detached garage with discounted electricity We get about 3 cents per mile In our state we're at 52 non fossil fuel electricity so fairly low carbon emissions And we pay to have 100 wind energy to boot I'd say when you're doing your cost ownership comparison you should look at depreciation for gas cars vs electric Since electric is the future as you say, gas cars are likely to experience worse residual values, and that is supported by the evidence of gas vs EV residual values That along with fuel savings should tip the scales for most cases Comment from : pioneer7777777

"If you are an average person" - The average person doesn't (yet) buy electric Its coming though Comment from : madderscience

You two are two peas in a pod, a perfect match, witty, funny, and nerdy--an excellent complement! We need to see you two together! How about hybrid vs gas? Comment from : TH Nguyen

Excellent! Comment from : Christina B

International viewer here, so please disregard this if irrelevant to the US:br* You did not include incentives both on buying the car and owning it (In many countries you pay a yearly tax for your car, paying way more for gas cars yearly)br* I don’t think you accounted for the higher price of the EV once you sell it?br* What will the value of a gas car be 3-6 years from now in this period of fast shifts towards EV:s? Hard to factor in but probably relevant at this particular point in timebrbrReally good that you make these videos, thanks Comment from : Björn Lilja

Thanks for this video Interesting things to think about Comment from : William Charlock

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