Posted on 01/27/2024 7:18:28 AM PST by ChicagoConservative27
Most people wishing to spend tens of thousands of dollars for something they want to buy aren’t at all confused by multiple discounts that are available. They carefully study the discounts and rebates so they can get the most possible deductions. Grandholm’s real problem is that no one wants to buy the EVs.
Cost of a replacement battery for the F150 hybrid seems to be about $3K, and apparently they rarely fail. That kind of maintenance expense doesn’t seem like a dealbreaker.
https://www.f150forum.com/f129/cost-replacement-battery-pack-hybrid-pb-489756/
IMO Toyota’s conservative approach to the whole EV thing is well thought out. Hybrids are a good technology that can bridge the gap until battery tech and power/charging infrastructure advance to the point where full EVs make sense beyond the urban-commuter use case. That’s assuming those advances actually happen, which of course they may not. And of course the best way to sort all of this stuff out is to let the market decide.
I have a ~15 year old car. If the battery conks out, I have a couple of choices. I can take the car to a third party swap shop and have it replaced for a couple of hundred bucks. If I go to the dealer it is likely to cost me $500 or so. IMO car companies are selling PHEV and BEV to meet government standards and not what the consumer wants. Even replacing the batteries on non plugin hybrids can cost thousands. Where is the overall savings?
Obviously the cost to replace the small battery in an ICE is less than a hybrid. That’s an unfair apples/oranges comparison. The savings with hybrids is in the gas mileage. The lower fuel cost offsets the battery cost.
What it you don’t drive all that much? I put around 7K miles a year on my car
I’m no expert but I would think an EV or hybrid battery that gets light use would last a long time. As it is now, EV batteries are outperforming excpectations in terms of useful lifespan. A typical warranty on battery life is 150K miles and so far only a tiny fraction of batteries are being replaced under warranty — like 3 percent IIRC. That is an industry wide statistic. I once was a big skeptic of EVs because I thought the batteries were a fatal flaw but I’ve backed off from that position after researching it some.
Well, for starters, she was once a contestant on "The Dating Game"....
There is also warranty expiration by age which ranges from 8 to 10 years. If one doesn’t plan to keep the car past the warranty, decreased range and resale values are the main worries.
“if your tax rate is 0%, you get zero taxes collected. Conversely, if your tax rate is 100%, you also get zero taxes collected because everybody moved away.”
The economic axiom you seek is named after the gifted mathematician and economist Art Laffer. Depending on capital controls the curve shifts left or right.
If capital is not allowed to flee such as if you are a U.S.citizen and try to renounce your citizenship and take your capital out of the country you cannot without paying a instant mark to market value and the full income tax value of that as regular income. Thank bussie jr for putting up what is known as the American Iron curtain for capital.
Similarly if you government doesn’t allow the citizen to leave without paying taxes for ten years after they leave world wide income tax the curve can shift far to the right. Again thank jr for this travesty on free people which Americans are most certainly not free. Only corporations can hide income off shore effectively everyone else is at the mercy of the taxman. People have to work to eat and live so if the marginal rates went to 50% or 75% much Internet howling would be heard but then people would be like it’s work or starve so work it is. European countries have 70% effective tax rates and nary a whimper is heard much less any armed rebellion let alone riots. Sweden has a 70% effective tax rate for every euro earned when you look at income+sales+VAT+social taxes on each and every euro earned and spent. Welcome to prison planet it’s already here not it’s coming.
“There is also warranty expiration by age which ranges from 8 to 10 years. If one doesn’t plan to keep the car past the warranty, decreased range and resale values are the main worries.”
Tesla model 3 has a 8 year / 120K warranty used models with 20,000 miles are in the $25,000 range. That works out too 25 cents per mile in sunk capex over the remaining 100,000 left in the no questions asked battery warranty.
S60 Volvo new was $58,000 and has an expected life of 150,000 miles until it’s catalytic converter dies and the replacement cost of $4800 is well more than the value of the vehicle. Over the full 150k sunk capex is 38 cents per mile. Both cases use a zero dollar final sale value which is fair since a 8 year old Volvo with 150,000 miles is worth $1500 at most on the tertiary market.
Why a S60 vs Model 3? Both are within an inch of each other in size and foot print and both are AWD luxury vehicles that have a 200lb difference in curb weight with the Volvo being heavier not the M3. Both also use identically sized 18 inch rims and 45 aspect ratio tires with the same contact patch size. They are a apples to apples comparison in every metric , including capacity of passengers and cargo.
The model 3 will go four to six miles on a single kWh from the plug gross. In Texas we get power at 8 cents per kWh retail. That’s that’s a cost of 2 to 1.3 cents per mile at retail power plan rates charged from the dryer sized plug in the garage of which I have two already from the prior owners.
A S60 gets at best 28mpg in the city less in bumper to bumper traffic much less down into the 15s pure hwy is 33mpg gas is $2.89 today that’s a fuel price range of 19cents per mile in grid lock traffic to 8 cents per mile on the hwy only. Read that again. That’s 8 times as expensive for fuel with an already higher sunk capex cost per mile. There is the math showing how an EV in a commuter car setting makes economic sense today all day everyday. Having access to a charger at work that is part of your total comprehension package tips the economics even farther to the EV much farther as in $3000+ per year in fuel savings. This again is literal apples to apples comparison same size , same curb weight, same capacity for passengers and cargo same tire wear rates which is curb weight related both are AWD so all 4 tires are driveline as well it doesn’t get a more fair comparison. The EV kills the ICE over a 100 mile per day round trip commute the math is clear as day.
It’s inevitable before the what if you want to road trip, hurricanes..?crash the whole grid ect. First off as a pure commuter car the EV is perfect for even long commutes like mine which is 106 miles each day. I have had dedicated commuter cars for most of my life with a 4x4 and a sports car as second and third vehicles nearly continuously since I was 16. I currently have a luxury car, a 4*4 a motorcycle, a side-by-side and a golf cart in the stable of vehicles adding an EV to stop putting 100+ miles per day on a luxury car is a no brainer especially when it’s 1/8 the fuel costs and much less in capex cost from mile one. Getting “free” charging at work is just bonus it would still make sense to stop using the S60 for commuting and it is an economic travesty to.even think about putting 100 miles per day on a large off road weekender.
I intentionally did not invoke “Laffer.”
When you add up all the taxes in the USA, the marginal rate on top earners can be over 80%.
Before Reagan the top rates were in the 90% range and that was just income taxes not sales or property or capital gains. So the precedent for very high rates has been set here as well. I stand by people will vent on the internet and then get right back to work here and in other Western countries prison planet is already here and no so much as a shot was fired and won’t be people are comfortable with what their governments let them keep. No one is going to lose everything and start from ground zero assuming they even live through the battle. People are soft and the Marxists know this and are counting on it.
Grandholm is dumber than a bag of hammers.
If I had that much of a daily commute, I would be driving a fuel sipper or an EV if I lived in the sunbelt...
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