ICE or EV?

[irvinehomeowner]

My depreciation has been pretty good.

Double double babeeeeeee!

 

[Liar Loan]

When you see these Gas vs. EV comparisons of ownership cost, the one thing they always leave out is depreciation, probably because it takes too long to gather the data. But in reality, depreciation is the biggest ownership cost and dwarfs the cost of fuel, tires, batteries, maintenance, and repairs combined.

 

[OCtoSV]

Can’t say I didn’t try to warn you….if there is no secondary market, there is no future market …consequences

May 29, 2025
EVs lose more than 50% of their value within first two years

When an industry requires endless subsidization, that means it’s signaling a lack of potential—both short-term and long-term—so it’s *probably* a bad investment. According to Matt Oliver at The Telegraph, new numbers from the electric vehicle industry show that these cars are depreciating rapidly, much faster than their gasoline counterparts; after just two years of ownership, these cars are worth less than half of what their owners originally paid.

Now, compare the E.V. depreciation numbers to those of a gasoline car—gas-car depreciation only reaches the 50% threshold after five years: A brand new car usually drops about 20% in value after one year. Within five years, it will be worth around 60% less than the price you paid. Oliver quotes Philip Nothard, an executive with Cox Automotive, who says this: ‘This [depreciation news] gives consumers very little incentive to consider them [used E.V. models], which is a real blow to a market that needs all the incentives it can get its hands on.’ The market can’t survive without government intervention, which means the product is not ready for the market. Seems simple, yet predictably, the simplest of concepts routinely escape those useful idiots on the left. Unfortunately, we’re also paying for their ignorance

https://www.americanthinker.com/blo...50_of_their_value_within_first_two_years.html

While the depreciation has been massive the cost of owning my Tesla Perf M3 for 10+ years is basically tires and brakes. Owning a Porsche or Mercedes that long will entail a low 5 figure maintenance budget plus another mid 5 figure budget for gas especially with gas going to $8/gal in CA due to closing refineries and no pipeline into the state

 

[morekaos]

Any way you cut the operational shit pie. It is not the cost savings Nirvana and earth rejuvinating utopia that was sold to the public. In the end it was a neat rich guys virtue signaling toy that was not ready for prime time but cost tax payers $Billions with no overall identifiable benefit….well done DC..

 

[OCtoSV]

For me it’s always been about a superior driving experience. And FSD is absolutely filthy fun and convenient .

 

[morekaos]

For me it’s always been about a superior driving experience. And FSD is absolutely filthy fun and convenient .

i’m sure it is OC. On an individual basis some people had a great time on the taxpayers dime. My point is that overall, the benefits were not widespread and, and it was a giant waste of money.

 

[ThirtySomethingWEquity]

When you see these Gas vs. EV comparisons of ownership cost, the one thing they always leave out is depreciation, probably because it takes too long to gather the data. But in reality, depreciation is the biggest ownership cost and dwarfs the cost of fuel, tires, batteries, maintenance, and repairs combined.

Depreciation in electric vehicles is overstated because of the new rebates/incentives.

If you can buy a new car and get 7k off, or a used car and get nothing off, of course that means your used car is now worth *waaaay* less than the sticker. But that doesn't' really matter because you got a 7k tax credit.

If my model 3 MSRP is 40k, I got 8k+ in tax rebates from the state, the federal government, and SoCal Edison (yes, for a while they were writing checks to electric vehicle buyers!)... and then a drive it off the lot and can only sell it for 28k. Did I lose 12k? Did the car *really* depreciate 12k? Does it matter for my sake?

 

[Liar Loan]

Depreciation in electric vehicles is overstated because of the new rebates/incentives.

If you can buy a new car and get 7k off, or a used car and get nothing off, of course that means your used car is now worth *waaaay* less than the sticker. But that doesn't' really matter because you got a 7k tax credit.

If my model 3 MSRP is 40k, I got 8k+ in tax rebates from the state, the federal government, and SoCal Edison (yes, for a while they were writing checks to electric vehicle buyers!)... and then a drive it off the lot and can only sell it for 28k. Did I lose 12k? Did the car *really* depreciate 12k? Does it matter for my sake?

So in a sense, you are confirming morekaos' point. The economics of EV's only makes sense if the government heavily subsidizes the cost.

The depreciation is real, but the 99% of tax payers who don't drive electric subsidized your loss.

 

[morekaos]

Ferrari doesn’t even have an electric offering until 2025, plenty of time to for them to pull the plug… Smart

Ferrari’s first purely electric vehicle isn’t scheduled to be released until the fourth quarter of 2025

Just like I told you almost 2 years ago….they won’t put out an EV….maybe ever..

Hmm, it sounds like Ferrari’s EV won’t be arriving this year after all

Has Ferrari’s first electric car been delayed? Was this always the plan? Who knows, but expect deliveries in October 2026

Back in February, we reported that Ferrari’s first all-electric car would probably be revealed on 9 October at the Italian firm’s Capital Markets Day. We are now slightly disappointed to admit that we were wrong.

Or were we? We’re not actually sure whether the unveiling has been delayed or if this was always the plan, but boss Benedetto Vigna has now said that Ferrari will only show the "technological heart" of its EV later this year. Sounds like we’ll get a glimpse of the battery and some motors in October then, hopefully alongside some technical details to whet the appetite.

According to Reuters, the EV will be revealed in a ‘three-stage unveiling process’. Rumours are the second stage will be a look at the interior, but the finished thing (which could apparently be called the 'Elettrica') won’t be shown off until well into 2026. Oh, and Reuters also said Vigna confirmed first deliveries wouldn’t take place until October 2026.

https://www.topgear.com/car-news/electric/hmm-it-sounds-ferraris-ev-wont-be-arriving-year-after-all

 

[irvinehomeowner]

Still funny how morekaos thinks only rich people can afford EVs.

Probabaly still thinks only Tesla makes them and they cost $100k.

 

[morekaos]

Still funny how morekaos thinks only rich people can afford EVs.

Probabaly still thinks only Tesla makes them and they cost $100k.

Only rich guys can afford those losses and not squeal like a pig.