Posted on 12/01/2023 8:16:34 AM PST by ChicagoConservative27
Not that I care, because I will never buy one of those useless things anyway.
Interesting... how much did your home charging system cost? And how much for the solar system for your home - and how many years until that has to be replaced?
Fueling electric vehicles costs roughly the equivalent of $17 a gallon: Study
“EV advocates claim that the cost of electricity for EV owners is equal to $1.21 per gallon of gasoline (Edison Electric Institute, 2021), but the cost of charging equipment and charging losses, averaged out over 10 years and 120,000 miles, is $1.38 per gallon equivalent on top of that. Adding the costs of the subsidies to the true cost of fueling an EV would equate to an EV owner paying $17.33 per gallon of gasoline,” study authors Brent Bennett and Jason Isaac write.
“And these estimates do not include the hundreds of billions more in subsidies in the Inflation Reduction Act (2022) for various aspects of the EV supply chain, particularly for battery manufacturing,” they add. “It is not an overstatement to say that the federal government is subsidizing EVs to a greater degree than even wind and solar electricity generation and embarking on an unprecedented endeavor to remake the entire American auto industry.”
Regulatory mandates were found to make up the highest chunk of the hidden costs.
The study also argues that hybrids are far more efficient than full EVs, but are ignored by the government.
I’ve driven Lexus almost from the first year they came out. For the past years I”ve driven the RXHybrids. This year they revamped the top model making it a 4 cylinder turbo.
I was anxiously anticipating a trade in until they told me that the car would be $5,000 ABOVE, yes, ABOVE the sticker price. Even though the trade in of my car would be fairly close to what I paid for it, there was no way I am going to pay above sticker for any vehicle. My Dad, for one would roll over in his grade if I did.
Anyway, driving home from the Lexus dealer, I stopped into the new Genesis lot, Hyundai’s luxury line. IN particular I looked at the GV-80. A straight gas car, it looks like a Bentley.
I took it for a spin, and hands down, it’s the. best car I have ever driven, bar none. I bought it, paying below sticker.
In short, Hyundai is making some really sweet cars. YOu’re getting a lot for your dollar.
I don’t know how a real Bentley drives and feels, a car that is at least double the price of the GV-80, but it can’t be whole lot better the GV-80.
And IMHO the tax credits and such that "help" the consumer only harm the consumer because they artificially inflate the up front costs (much like subsidies do in any other industry such as college tuition and healthcare costs). An example of that in the EV world is from some legacy EV makers like Tesla and GM increasing their costs immediately with the passing of the Inflation Raising Act (which removed the 200K max car limit of the old EV tax credit so that car makers like Tesla and GM that already exceeded the limit will have the EV credit apply to their new cars again).
Interesting... how much did your home charging system cost? And how much for the solar system for your home - and how many years until that has to be replaced?
Those details are here: https://freerepublic.com/focus/news/4127577/posts?page=51#51. The upfront costs from that post haven't changed, obviously. But that post is almost a year old so my overall cashflow has changed. To date my total cashflow savings is $2,600 (as opposed to being $3,200 in the negative when I made that post almost a year ago). And I now have over a year's worth of experience and data since I got the EV and did the upgrade to solar (so I see how well it all works together in all seasons, including how our driving habits change over the seasons).
The solar panels have 25-year warranties guaranteed to be still working at 70% or 80% in the final year (70% for the first ones I bought, 80% for the ones bought during the upgrade). The batteries have 19-year / 50% warranties. Assuming the stated gradual decline in system performance, and 3% inflation rate in energy prices I'm mostly avoiding (thus saving more in future years than current year), my breakeven point is May 2032 (8 and a half years from now). Obviously if the Dims jack up energy costs faster than 3%, then the breakeven point is sooner.
So I'll still have equipment for many years saving me money after the breakeven point. But it's not for everybody. Just like with an EV, there are many variables in your location and your state's regulations and your lifestyle (if you plan to be there long enough to get the investment back) to look at before going solar. But it's something IMHO that us conservatives ought to look at to help our families to be more self-reliant, particularly on things the Dims try to control us with through their over-regulations (like they do with energy).
Your replies are always interesting... Thanks for the extra information.
Not sure how you got their premium line Genesis (upscale Hyundai/Kia) for under list. I went to a Kia dealer and was interested the Sorrento Hybrid and it was (I kid you not) $10k OVER list price. My coworker bought a Camry SE last year and equally paid close to 10k OVER list price.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.