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Petrol is now so expensive, EVs Cost A Lot Less To Drive Than Gas Cars in Europe—Even With Public Charging (insideevs.com)
submitted 1 month ago by to c/electricvehicles@slrpnk.net
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[–] 5 points 1 month ago* (6 children)

For a Hyundai Ioniq 1st gen in Canada, insurance is less than $2000 CAD. I don't have to look it up. I've been paying between $1000 and $2000 CAD forever no matter what car I've had. I buy an EV i can afford, not the year's model with more bells and whistles than i care to know about. And I don't buy gasoline, which save me another $1000 or more.

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  • [–] -2 points 1 month ago (4 children)

    And did you factor in the cost of electricity?

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  • [–] 4 points 1 month ago (3 children)

    depreciation? did you know that EV's have a high depreciation, so if budget is a concern, you should be looking at second hand cars instead of of new ones? look it up!

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  • [–] 5 points 1 month ago (1 child)

    Ioniq 5 in Canada: $68K. 3 years later, $28K. EVs are cheap used.

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  • [–] 1 point 1 month ago

    Unfortunately that also tells you that in 4 years when you should sell it (before the 8 year powertrain and battery warranty is over), it will have depreciated a ton more.

    I suspect the depreciation rate drops off when that warranty is over, so if you're not afraid of the battery going, just get one that's already out of warranty anyway

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  • [–] 1 point 1 month ago

    Oh my god!

    Hyundai Kona 2021 136 ps, 18900€ and insurance costs around a thousand euros, don't even know what my electricity bill would look like, if you don't think that's a bit expensive then i envy your income.

    My main point will always be that the insurance is too expensive.

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