this post was submitted on 20 Jul 2024
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Electric Vehicles
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Anyone who thinks EVs aren't the future is wrong. But anyone who thinks there's not a rightful lull in the EV market is also wrong.
All the early adopters are already onboard. Next are the people who are inclined towards EVs but need to be convinced they're ready. There aren't chargers everywhere, they're slow to charge compared to pumping gas, there isn't yet a universal plug, and battery technology needs to improve. Until these issues are addressed adoption is going to be incremental.
They're also just more expensive. And everyone is already balking at current car prices.
More expensive upfront, negating all of the benefit of lower power costs for years. And huge expense on the horizon with an uncertain timing for battery replacement that negates secondary market value at some point.
The sad thing is that for lots of people charging can wind up being more expensive than gas. Especially if you don't have the ability to charge at home.
We experienced this testing an EV on a road trip. We took it and our Prius and ended up paying over 4x more for charging than we paid for fuel for the Prius. My wife, driving the Prius, also made it to and from our destination about 1.5 hours earlier each way as I had to wait for charging each time.
We might get an EV for my daily commute, but there's no way in hell we're getting rid of that Prius for longer trips.
Yup. In the current market, EVs are for people living in single family homes in the suburbs and commute a significant distance daily or people who want to spend money on a status symbol.