The biggest cost of owning a car is the depreciation. EV have a high upfront cost and values that drop like a stone.
I’d like to get one but financially I can’t justify burning an additional 10k or 20k over 3 years for the EV.
Someoldcyclist on
If its day to day to running costs you are concerned with; eletric beats, petrol, diesel and then hybrids.
I dont know if you can afford a new EV. Also running costs saving will be quickly erroded by higher repayment costs.
i dont know if you want to buy a second hand EV.
jacksqualk on
No.
daenaethra on
what is the miles+ stuff? i saw that at 238 in a circle k in dublin yesterday
Theydontlikeitupthem on
My commute length and other driving I do definitely would suit an EV, but I own my car outright and it’s not worth very much, so to buy an EV I’d have to take out a loan, probably end up paying €400 a month for the car which is twice what I pay in diesel a month, so until I decide I want a new car it’ll always be cheaper for me to drive my current diesel
Outside-Monk-3399 on
No.
gsmitheidw1 on
For some the recharge speed at garages is still too slow. When it gets closer to the time it gets to fill a tank with petrol, that’s significant.
If you’re planning your journeys and have predictable use, this is far less of an issue.
With sodium ion batteries on the way, winter battery performance of li-ion is going to seem old fashioned. For those doing lower commutes that won’t matter but the depreciation will mean more bargains for 2nd hand electric cars.
odysseymonkey on
I doubt we’d see roi. They’re terrible for the environment as well
Hyrax_Dassie on
I live much too far away in the country for an EV. Besides I prefer to buy shit old cars and run them until they’re dead, never cared about what car I drive. I have 4 old cars in the drive all paid off, 2 diesel 2 petrol, much better for me.
Rather choose between a 7 seater, hatchback, saloon or jeep each day
Mysterious_Half1890 on
I would just be worried about when it comes time to trade it in.
TwitterRoyalty on
They are phenomenally cheaper if you can charge at home.
Like it’s not remotely close
I have a 2 lt diesel and 62kWh ev.
No solar, and a standard 24 hour electric meter.
I commute in the ev, 25km on the M50 twice a day 5 days a week. I used to do it in the diesel.
Anyone tells you they’re the same is an utter moron.
EVs are not practical outside of urban centres however.
Front-Ad7891 on
No I own my car so there would be no benefit to me switching and investing a considerable amount of money in a vehicle I do not need. My current car is super reliable and maintenance each year rarely exceeds €600. It is very economical. I couldn’t justify spending mad money on a car when my current car costs me hardly anything as it is. Fuel cost is obviously a problem currently but there is still too much reliance on ICE engines to make the world work to not have a resolution to the current issues. Hopefully it will be sooner rather than later.
MrBulwark on
Cycle if you are able, at least while the weather is lovely
TryToHelpPeople on
I drive across the country and back in a single day on a regular basis. I can’t be stopping for an hour to re charge happy to change when the range gets longer or they roll out swappable batteries like in China.
Minimum_Holiday_5611 on
I would love a hydrogen car. I hope it becomes a thing.
ciarogeile on
If you’re changing car anyway, switching to an ev makes great financial sense.
If you have a fully paid off ice car, you could be a long enough time getting your money back by switching to an ev.
GrahamR12345 on
Nope! Unless you have a private driveway and are just commuting a short distance so can buy 2nd hand with old batteries.
Having to have half a dozen accounts to charge is just ridiculous and thats only IF you find a station that works and is free.
Should have had nuke power before even allowing them in the country!
CountrysFucked on
I dont think they are worth it unless you at the bare minimum have a home charger and preferably have a solar setup.
The charging on the road experience Is not comparable and range anxiety, no matter how unwarranted is just a thing.
Depends on the person. For me, I drive an hour to the office 1 – 2 times a week, the rest is 15 minutes into town and around. EV would suit me perfectly but I intend on getting solar in after seeing how well its performing for some people so I’ll make the jump then.
Used my cousins EV for a week while in the UK. Did too much driving and no home charger. Not a fan whatsoever, and the UK have better charging infrastructure than us.
Entire_Toe2640 on
Great article. I’ve owned an EV for 3 years – my first one. I will NEVER go back to an ICE car. ICE cars are inferior in every way but 1. Long trips in an EV require planning and longer stops, but that’s the only advantage ICE vehicles have. Battery life and range anxiety are both petrol industry scare tactics. I need to buy another car soon and the used market for EVs looks excellent.
Ordinary_Jelly_8007 on
For me it made perfect sense. I’ll give an example. My weekday commute is all heavy traffic, (better for the EV), but my weekend drive is 200km in total, mostly motorway, and even that is far cheaper in the EV.
My old diesel was doing a nice 5.4l per 100km, my second hand electric is doing 19.4KWhr per 100km. My weekend drive would cost about €24 in the diesel at current prices, but the EV is less than €5.
kan3xxx on
I own a house in an estate but I dont have a driveway and cant put in a charger. Would like to get an electric car but if I cant charge at home its no point.
mandzhalas on
I bought my used EV 4 years ago it paid for itself by now due to mileage I do. Savings aside, it’s worth for driving experience alone- so much smoother, so much nicer, quieter, faster. Reading negative comments here I know they are all coming from people who never drove one or would like to have one but can’t afford it.
Depreciation in value of my car in space of 4 years is about 4 grand, which is fantastic.
Best purchase of my life. If you can’t charge at home – forget about it.
Apprehensive_Ratio80 on
My partner just bought one. She only has about 12 km to get to work and her car has a 60 km electric range so she literally just needs to charge it twice a week and this should cover 90% of her journeys in the long run. I’m sure she’s going to save hundreds maybe thousands every year on fuel
Lanky_Giraffe on
> But it isn’t all rosy. If you have to use the public charging network, prices dramatically skyrocket and aren’t far off petrol and diesel prices.
One of the biggest drawbacks listed here is a problem that only exists because the market is young and not that competitive. Petrol prices are hyper competitive so the premium compared to the price of crude is never gonna get any lower. But there’s no reason to expect this fast charging premium to be sustained as the network expands and competition increases.
And the depreciation point always seems weird to me. If depreciation is significantly higher than the rate of degradation of the car, then that also means second hand cars are extremely good value. Unless the point is that depreciation reflects a genuine loss of value, but the author talks about a 4% reduction in battery capacity after three years which is hardly worth much concern.
Small nitpick but I hate when people refer to things powered by home solar as free electricity. It’s not free unless you have so much solar that the electricity would otherwise go unused.
Automatic-Rhubarb969 on
Only really be worth your while if you had solar panels and a battery installed in your house. Be basically just paying similar high rates for electricity at home.
Rico_Pliskin on
Big Electric are working behind the scenes blowing up oilfields.
You heard it here first sheeple /s 😉
DarrenMacNally on
I live in an apartment with no access to charging. Bought the place recently. So no. Would happily do it if my parking spot had my own charger.
YoIronFistBro on
It would if this country actually made the slightest effort to provide proper charging infrastructure.
BraveUnion on
I got my first car recently but it’s a petrol. With the recent price hikes and that look to keep going up I definitely regret my decision.
PaDaChin on
For me no it doesn’t, ive a work van and drive petrol cars , EV does no work for everyone,
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31 Kommentare
It doesn’t cause ESB is expensive too.
The biggest cost of owning a car is the depreciation. EV have a high upfront cost and values that drop like a stone.
I’d like to get one but financially I can’t justify burning an additional 10k or 20k over 3 years for the EV.
If its day to day to running costs you are concerned with; eletric beats, petrol, diesel and then hybrids.
I dont know if you can afford a new EV. Also running costs saving will be quickly erroded by higher repayment costs.
i dont know if you want to buy a second hand EV.
No.
what is the miles+ stuff? i saw that at 238 in a circle k in dublin yesterday
My commute length and other driving I do definitely would suit an EV, but I own my car outright and it’s not worth very much, so to buy an EV I’d have to take out a loan, probably end up paying €400 a month for the car which is twice what I pay in diesel a month, so until I decide I want a new car it’ll always be cheaper for me to drive my current diesel
No.
For some the recharge speed at garages is still too slow. When it gets closer to the time it gets to fill a tank with petrol, that’s significant.
If you’re planning your journeys and have predictable use, this is far less of an issue.
With sodium ion batteries on the way, winter battery performance of li-ion is going to seem old fashioned. For those doing lower commutes that won’t matter but the depreciation will mean more bargains for 2nd hand electric cars.
I doubt we’d see roi. They’re terrible for the environment as well
I live much too far away in the country for an EV. Besides I prefer to buy shit old cars and run them until they’re dead, never cared about what car I drive. I have 4 old cars in the drive all paid off, 2 diesel 2 petrol, much better for me.
Rather choose between a 7 seater, hatchback, saloon or jeep each day
I would just be worried about when it comes time to trade it in.
They are phenomenally cheaper if you can charge at home.
Like it’s not remotely close
I have a 2 lt diesel and 62kWh ev.
No solar, and a standard 24 hour electric meter.
I commute in the ev, 25km on the M50 twice a day 5 days a week. I used to do it in the diesel.
Anyone tells you they’re the same is an utter moron.
EVs are not practical outside of urban centres however.
No I own my car so there would be no benefit to me switching and investing a considerable amount of money in a vehicle I do not need. My current car is super reliable and maintenance each year rarely exceeds €600. It is very economical. I couldn’t justify spending mad money on a car when my current car costs me hardly anything as it is. Fuel cost is obviously a problem currently but there is still too much reliance on ICE engines to make the world work to not have a resolution to the current issues. Hopefully it will be sooner rather than later.
Cycle if you are able, at least while the weather is lovely
I drive across the country and back in a single day on a regular basis. I can’t be stopping for an hour to re charge happy to change when the range gets longer or they roll out swappable batteries like in China.
I would love a hydrogen car. I hope it becomes a thing.
If you’re changing car anyway, switching to an ev makes great financial sense.
If you have a fully paid off ice car, you could be a long enough time getting your money back by switching to an ev.
Nope! Unless you have a private driveway and are just commuting a short distance so can buy 2nd hand with old batteries.
Having to have half a dozen accounts to charge is just ridiculous and thats only IF you find a station that works and is free.
Should have had nuke power before even allowing them in the country!
I dont think they are worth it unless you at the bare minimum have a home charger and preferably have a solar setup.
The charging on the road experience Is not comparable and range anxiety, no matter how unwarranted is just a thing.
Depends on the person. For me, I drive an hour to the office 1 – 2 times a week, the rest is 15 minutes into town and around. EV would suit me perfectly but I intend on getting solar in after seeing how well its performing for some people so I’ll make the jump then.
Used my cousins EV for a week while in the UK. Did too much driving and no home charger. Not a fan whatsoever, and the UK have better charging infrastructure than us.
Great article. I’ve owned an EV for 3 years – my first one. I will NEVER go back to an ICE car. ICE cars are inferior in every way but 1. Long trips in an EV require planning and longer stops, but that’s the only advantage ICE vehicles have. Battery life and range anxiety are both petrol industry scare tactics. I need to buy another car soon and the used market for EVs looks excellent.
For me it made perfect sense. I’ll give an example. My weekday commute is all heavy traffic, (better for the EV), but my weekend drive is 200km in total, mostly motorway, and even that is far cheaper in the EV.
My old diesel was doing a nice 5.4l per 100km, my second hand electric is doing 19.4KWhr per 100km. My weekend drive would cost about €24 in the diesel at current prices, but the EV is less than €5.
I own a house in an estate but I dont have a driveway and cant put in a charger. Would like to get an electric car but if I cant charge at home its no point.
I bought my used EV 4 years ago it paid for itself by now due to mileage I do. Savings aside, it’s worth for driving experience alone- so much smoother, so much nicer, quieter, faster. Reading negative comments here I know they are all coming from people who never drove one or would like to have one but can’t afford it.
Depreciation in value of my car in space of 4 years is about 4 grand, which is fantastic.
Best purchase of my life. If you can’t charge at home – forget about it.
My partner just bought one. She only has about 12 km to get to work and her car has a 60 km electric range so she literally just needs to charge it twice a week and this should cover 90% of her journeys in the long run. I’m sure she’s going to save hundreds maybe thousands every year on fuel
> But it isn’t all rosy. If you have to use the public charging network, prices dramatically skyrocket and aren’t far off petrol and diesel prices.
One of the biggest drawbacks listed here is a problem that only exists because the market is young and not that competitive. Petrol prices are hyper competitive so the premium compared to the price of crude is never gonna get any lower. But there’s no reason to expect this fast charging premium to be sustained as the network expands and competition increases.
And the depreciation point always seems weird to me. If depreciation is significantly higher than the rate of degradation of the car, then that also means second hand cars are extremely good value. Unless the point is that depreciation reflects a genuine loss of value, but the author talks about a 4% reduction in battery capacity after three years which is hardly worth much concern.
Small nitpick but I hate when people refer to things powered by home solar as free electricity. It’s not free unless you have so much solar that the electricity would otherwise go unused.
Only really be worth your while if you had solar panels and a battery installed in your house. Be basically just paying similar high rates for electricity at home.
Big Electric are working behind the scenes blowing up oilfields.
You heard it here first sheeple /s 😉
I live in an apartment with no access to charging. Bought the place recently. So no. Would happily do it if my parking spot had my own charger.
It would if this country actually made the slightest effort to provide proper charging infrastructure.
I got my first car recently but it’s a petrol. With the recent price hikes and that look to keep going up I definitely regret my decision.
For me no it doesn’t, ive a work van and drive petrol cars , EV does no work for everyone,