One example is to switch EV to the common pitch of solar roof:
"BUYING A $50K SOLAR ROOF TO SAVE $80 A MONTH ON ELECTRICITY MEANS IT WILL TAKE 52 YEARS TO BREAK EVEN"
So on this example, is the math way off?
You keep changing the subject whenever your argument falls apart. First wierdly priced EVs, now weirdly priced solar roofs?
What's next? Weirdly priced electric planes?
Please see
Strawman argement description above.
I think we all agree here that spending $50k ONLY to save $80/month is stupid. No need for complex math of other hypothetical scenarios and break even points.
Funny you should bring this up. I was in a very similar situation shopping for the first car for our teeanger this summer.
I really didn't want to maintain another used car (have plenty of car projets already), so it was going to be either something brand new, or extremely well maintaned used with full "old school" maintenance history. Used car path quickly fizzles out, which is a discussion for another thread.
The baseline was a Honda Civic - $25K for a stipper, $27K in a half-decent configuraiton, before 6.625% taxes, registration, lending fees, etc.
Baseline all-in lease terms were ~$365 per month for 36 months / 10K per year.
Started test driving ICE vehicles (Civic, Camry, Rav4, CRV, etc), then moved onto EVs. In absolutely no hurry, since he was only getting this drivers license this winter, so having fun with the shopping process.
I must have test driven most of the EVs on the market: Kia, Nissan, Huyndai, Genesis, Tesla, BMW i4, Mercedes, Polestar, Volvo, Chevy, Audi.
- Audi E-Tron GT was my favorite, by far. Way too pricey for a teenager. Used GT's are 50-60% off now and are a steal. I would seriously look into getting a used one if I was shopping for another EV for myself.
- Genesis GV60 and Toyota BZ4X were advertised with fantastically low lease payments (< $200/month), but for very specific configurations and MY'24 samples that no dealers had in stock within 1,000 miles. Basically, bait-and-switch advertising.
- Lexus RZ300e was (and still is) offered for lease with $16.5K off ($18.5K for RZ450) plus a few other promos. These massively reduce monthly payments. We picked the slower of the two for our teenager, with the precise sticker price of $51,650.00. 36-month / 10K per year all-in lease payment at $278/month (no sales tax on EVs in NJ).
Gas savings?
10K / year = 30K over 36 months.
Gasoline cost (premium @25 mpg) = 30,000 / 25 * $4.00 = $4,800.
Electricity cost ($0.137245 per KWh, 285 Wh/mile) = =30,000 * 0.285 * $0.137245 = $1,176.44.
Energy savings over 36 months = $3,623.56.
So, to answer your question -
"spending" $52K for an EV is $6,755.56 cheaper over the 36-month lease term than "spending" $27K on an ICE car!
So, what kind of stupid would "buy" an ICE car in today's market?
How do you like 'em apples!?
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P.S.: Yeah, I had reservations about giving a kid Lexus as a first car. Buy hey, I'm cheap, and it was the cheapest half-decent vehicle on offer!