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EV, Plug-In, or Hybrid: Which Should You Buy in 2024?!
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- Опубліковано 12 сер 2024
- We are car shopping and are considering Electric Vehicles, Plug-In Hybrids, and straight up Hybrids. I wanted to know the smartest choice to make financially over the course of, say, 10+ years... and as it turns out, there's more to consider then the initial fuel savings (which are significant!).
Each of the car technologies has pros and cons over each other The hybrids (like Toyota has really invested in) has proven to be incredibly reliable and hold their value very well... but the newer flashier EV's (Tesla) offer incredibly fuel savings over those Hybrids, but completely fall off the map when it comes to resale. Does that higher sticker price and terrible resale make it worth it in the long run?
And what about the Plug-In's? Are they the sweet spot offering a bit of both technologies OR do they represent the worst of both worlds.
In this video I'm going to share what I've learned to help you figure out what the smartest choice is for you or your family so that if you DO decide to purchase a new vehicle this year, you are truly happy with your choice.
Let the battle of the HEV, PHEV, and straight up EV begin!
0:00 EV vs. HEV vs. PHEV
2:18 Hybrids
3:18 Plug-in Hybrids
5:51 EVs
8:52 Fuel costs over 10 years
14:38 What is the smartest choice?
16:16 Final thoughts
When I was talking about the resale value of cars bought today in 10 years from now, there are 2 points you in the comments have pointed out... #1 - my estimate for the Prius (despite having the new design) WAS too high and it's probably more like 15k as opposed to 25k. And #2 ICE cars might not have as great resale in 10 years either since they will likely be less in demand. Who knows! I will also add I just checked in with my friend who has a 2018 Tesla and he says while the build quality isn't great compared to his 2018 Toyota 4Runner (doors closing tight, rattling while driving etc) he has said that the Tesla still runs great in 2024 with 100K+ mileage on it. That's reassuring.
The Prius is made in Japan, check out the build quality in person
@@LucasFR11 Interesting! I drove the non-Prime Prius a couple weeks ago and it felt great. It was surprisingly comfortable.
The strange thing about the chemical soup you get in Lithium based chemistries is they age even if you don't drive the car - think trying to charge up a battery that's just been sitting in a drawer for 10 years.
There are so many examples on the Tesla forums of the batteries lasting over 200k miles, but also ones failing in under 40k miles just from the age of the vehicle and likely other factors like how often it was parked in the cold, or in direct sunlight, how often it was supercharged, how often it was discharged below 10%, or above 80%, or more basic things like the battery housing developing a leak over time.
More worrying there are many examples of batteries showing minimal degradation but going from 50% charge to 0 in the space of 1 mile, or shutting off on the road when you try to accelerate. You may have experienced something similar on a 3-5 year old phone battery where you try to make a call and the phone reboots because the cells cannot provide the required voltage anymore, despite the battery health showing 85%.
@@DigiDriftZone Yeah that is interesting to consider for sure. In the past I definitely felt more examples of that... but I feel like my Samsung S21 is still going strong. Not sure I'd want to base buying a $50,000+ vehicle off of that experience though!!
@@TheSAHDLife Garages are adapting and are getting the experience to work on EVs. A 15k battery replacement will be cheaper in 3-5 years since they will be replacing dead cells/packs instead of the full kit. Go watch electrified garage videos !
Funny things is, they talk about oil changes as being an annoying things, but don't consider about hour long charging time as annoying when you are planning for a long trip
Yeah I hear you... but for some of us, we will do 100% of our charging at home. That would sure be annoying though, especially as charging stations get busier and busier.
It really depends on the charging archetype of the EV. They don’t all charge at the same speed. My husband has the fastest archetype charging infrastructure in his car and fully charges his Ioniq 5 at a charging station (fastest charger) in 15 min. The Teslas don’t charge as fast. If he’s not on a road trip he uses our regular level 1 charger at home and it takes 12 hours. He’s got enough range (about 330 miles) that he doesn’t drive enough during the work week to even need to charge it every day.
Thats because it’s not an hour to charge. Just got back from a roadtrip in an EV and 19% to 80% charge was under 25 minutes. From 47% - 80% was 14 minutes. It’s not an hour. It is longer than a tank of gas fill-up. But even during that 25 minute charge I was still waiting on my order at the local Wendys. So if you plan around them it’s not that big of a deal.
Charges at home are slower and done overnight but supercharges are the ones you seem to be referring to and they are much, much faster.
@@Alopen-xb1rb exactly- it’s not even close to an hour, depending on the type of car. VW ID4 is still about 45 min I hear. Most people (especially with kids) while on long road trips need to stop every 2-3 hours anyway, even if you’re driving an ICE car. We were at a QT gas station in GA the other day and waited 20 min for some of their fresh pizza- if my husband had been charging he would have been done by then, plus then some.
The Hyundai Ionic 5 has 1 of the fastest charge times if that is the goal.
I chose having fun vs saving money simply because life is too short. I won't be able to bring the money saved to the other side. It's ok to die broke with a smile on my face in my last moments of my life. Awesome analysis of the subject ! Good job man !
Yeah you know I like that mindset too. It's very rare I regret buying the nicer item.
We still haven't made up our mind. I'm really interested to see what the new Model Y's will look like, but jeez Musk makes it tough to invest in Tesla!
Dont be logical. Life is short, have fun while you can !!!
In 10years you wont thing about the 10k you lost but all the fun you had along the way !
Plus, tesla model 3 is the most safe car ever
Hehehe I agree with you!!! Though my accountant wife on the other hand does not lol 😆
And Toyota fakes their safety tests....they got caught recently
Another option to consider for your American audience is leasing an EV. They have some pretty crazy lease deals in the US right now. There are multiple models you can lease for around the same monthly/annual rate you calculated for your other options So you can lease for 3 years, have fun driving and make your choice 3 years later when there will hopefully be better tech and less expensive EVs available.
Yeah that's a good idea. I think I might have to make a video talking about all the leasing options because it's not something I've truly ever dived into and done the math on. It'll be interesting to see the new Model Y's coming out too, maybe that'll be the catalyst for me hehe.
One of the best videos I've seen. Very comprehensive explanation. Thank you! Couple of follow up questions:
- How's the behaviour with cold weather?
- Prime not having AWD is not ideal, what's your thoughts?
- What do you think about Niro Plug in?
Thank you!
Thanks! Glad you found the video.
From my research EV's lose on average 10-25% range depending on how cold it is. I didn't see how cold it needs to be for these changes to take effect but I imagine it's sub-zero temperatures. I know they have heat-pumps but I didn't really go too deep into learning how they work on EV's.
The Prime not having AWD is a big deal. That sucks! For where I live that is a reason I wouldn't consider it. If I was just buying this as a commuter it wouldn't be a big deal... but we both work from home and the next car we get will be our main family car so, I'd rather have something that feels safer/more capable.
The Niro looks like a neat little car. I think it would probably be a fine buy, but it might just be hard to sell on the other side. I personally really enjoy Korean Styling, especially on their interiors when it comes to the other car manufacturers, however, resell for them is hot garbage. While we have loved our Hyundai, the engine DID die on us at 90,000kms even though we babied it. To be fair, Hyundai put in a new engine out of warranty but still... we lost an AMAZING weekend and had so much stress for awhile there.... I'm not sure I would buy a Hyundai or Kia... MAYBE a full electric but I'm not sure I trust how they machine their combustion motors.
Hope that helps!
You looking for a cheaper plug-in?
@@TheSAHDLife thank you! We are looking for a reliable and safe commute car for Calgary. Our main family car is an Outback which is perfect, so looking for a smaller for city use. I'm checking: Crosstrek Onyx Trim (have everything except for the fuel consumption), Prius (Hybrid and Plugin) and Niro (Hybrid and Plugin).
@tomasbahamonde3795 FYI the Prius Prime hybrid (not plug-in) is available in AWD
I went with a 2024 Corolla Cross AWD hybrid vs Rav 4 Prime, in OryGONE, high gas prices, cheap electric, 5.9¢/kwh. It would take 700k pure electric miles to make up the up front cost difference. I drive 6k/yr. I hypermile, get 80+MPG NON freeway. Freeway is @50. Super happy with choice. BTW forever drivetrain, no mechanical pumps, alternator, starter, no wear parts in eCVT, yada, yada. 0-60 7.0... same cargo area as Rav 4 with seats down, more front leg room, yada, yada,...
That seems like a good choice! Nice. I don't even think I've heard of the cross. We need a little bit more size but that seems like a great size for everyday usage and you made very fair points.
All very clearly, entertainingly presented and compared. Thank you!
Thanks for the comment! Really appreciate it. I love talking about this stuff! It's a tough decision but hopefully I gave people some things to consider. What would you buy right now if you could or had to?
@@TheSAHDLife I like the idea of charging at home for 50/60 miles range but also having an ICE back up, so a phev for me, if I was in the market. Do you like or watch Out of Spec Motors with Kyle? He’s an entertaining EV geek
@@richryan8904 Never heard of him before. Will check it out, thanks for the share! 👊
Used model 3 long range is what I bought, this is the best value right now. For like 35 you can get a great car with 6 years warranty still
Yeah that's sweet. A fun car to have too I bet. I'm jealous!
I’m considering awd and rwd. Extremely good savings over new. About 27K for rwd 1 or 2 years old is tough to beat.
I had owned a 4Runner for 7 years and 120,000 miles. Bought new for $46k. I got $20k when I sold it and bought Tesla model 3 Long Range AWD. I had spent over $25k just in gas to drive my 4Runner. If I would buy Tesla I would save $17k just in gas. So my 4Runner had cost me $43k combined gas and depreciation. And I paid $45k for my Tesla. So basically Tadlą can be worth 0 after 7 years and it will cost me the same as haven Toyota 4Runner.
Yeah I was kinda feeling that way too when I was mathing it out... even if you get ZERO resale, at the end you were left with a great time driving around with barely spending money on fuel. It all seems to even out. We are still on the one vehicle but seem to lean more and more towards the EV. The EV would be a no-brainer for a second vehicle, but if we just replace our ONE family vehicle it's still a harder decision.
One aspect that is often overlooked for PHEV, is that if you use it in EV mode all the time, your engine and fuel are going to go bad and you'll have premature damage to those. It's difficult to find a place where PHEV would be the best choice.
If you do a lot of long trips, a HEV is probably your best choice if you can't live with an extra 20 minutes of charging time (also electricity on fast chargers is not cheap). PHEVs will have bigger consumption because of the extra-weight and you wouldn't get as much benefit of a bigger battery.
If you do very few long trips in a year, an EV is a good choice as you won't have those 20 minutes extra a lot of times in the year. A PHEV would probably suffer premature degradation of engine and battery (since the battery is smaller, you do more cycles, even-though it should still last quite long and will be replaced for cheaper).
On paper, PHEV is a great idea and I was planning to buy the Prius PHEV. But I ended up with an EV instead after doing all my research because I would be using it in EV mode for 6 months straight so very bad for the ICE. And the EV is so much more fun to drive. Regarding tires, it depends on how you drive. I get the same millage between my EV and my ICE on a set of tires.
Interesting comment! I would have guessed they would have thought of that (gas remaining in the vehicle in some cases for months on end) but maybe they didn't. What EV did you end up getting?
And yeah, I mean to be honest the range would never be an issue for us if we went straight EV. We both work from home and it would be a commuter 99% of the time. We could use our other vehicle for long trips though we don't fully trust it won't die on us again (Hyundai!)... but it does have a new engine in it.
@@TheSAHDLife I bought a Smart #3 in the end. When I saw it and test drove it (for 3 hours), it submerged me. I was only test driving cars to see what was around for later ... but ended up falling for one.
For the premature damage, that was what transpired of lots of articles I read about not using an ICE for a long time (because I knew it was my use case). A solution would be to always end your journey with a tank mostly empty so you can put new gas when going on a new trip. This would make the gas more suitable for use and have less of an impact. But of course it's more micro management. And still having an ICE to manage with oil changes and stuff ... I live with a few minutes "lost" on longer trips that I do 4 times a year.
One I found again: www.jdpower.com/cars/shopping-guides/how-long-can-gas-sit-in-a-car-before-it-goes-bad
@@johngonon1507 Thanks for sharing the link. Sorry, what's a Smart #3?
@@TheSAHDLife It's a model from the "Smart" brand (50/50 between Mercedes and Geely)
@@johngonon1507 Cool! Never heard of it.
We finally got our new 2024 Prime in March. Our third Prius. Very pleased with the first two (non Prime), and each averaged 4.4 L per 100Km year round. When we made the deal for the 2024, the dealer offered $10,000 for our 12 year old Model C, half of what we paid new. I don't think that in 12 years a dealer (or anyone else), will consider paying 1/2 the original cost of a Tesla considering the price to replace the Traction battery.
The new Prime ? We have driven it 3,600+Km so far and bought just $45.00 (a half tank), only because we had to take a road trip. And, oh, it cost more than $20,000 less than the cheapest Tesla. I like these numbers.
That's awesome, thanks for sharing. Jeez we still go back and forth almost daily. For awhile there we got really excited about the fuel savings of a full EV but we would be able to charge our car every night at home and might be able to get almost those same savings with a PHEV plus all the advantages to NOT buying an EV (like resale / trade-in as you mention). I'm really glad to hear from an owner so thanks for chiming in.
Is there anything you don't love about the car?
@@TheSAHDLife Very glad to hear it was useful to you.
My biggest beef with the Prime is the absence of a spare tire. I know tire technology has advanced and flats are less common but, they do happen. We had our first two Priuses for 16 years and had just one flat. It was sidewall damage, so, without a spare we'd have been stuck. Our tires are quite low profile and our spring roads are always covered in "road sores". The "Fix the Flat Kit isn't capable of addressing a sidewall tear. That means a tow-truck. Where we live, "breaking down" often means having to wait a very long time for rescue if your not near a community (which describes a great deal of our province). You can buy a spare tire kit from Toyota for the Reg. hybrid that fits under the hatch floor (why the bloody thing does not come with the car is a mystery). However, the kit will not suit the Prime, too little room due to the bigger battery. We plan to source a set of rims and tires for winter use. We'll seek out inexpensive 17" rims and the closest tire size to the 195-50's that came with the car. At the moment, no manufacturer makes a winter tire in the oddball OEM size. This route offers the added benefit of giving us a spare (in both seasons). So, should we take a road trip we'll just throw a wheel in back.
We both really like the car. And, neither of us has encountered the issues many other Posters complain about.
really helpful breakdown, thanks for sharing this
Glad you found the video! Thanks for the comment 👊
Great video brother. Like the way you put facts.
My point on 10yr from now is, lot can be changed as solid state battery tech others can enable the batteries to be damn cheap. The 20k full EV swap can be 5k... how know. 😊
Thanks man! Do you think the newer Solid State batteries might be able to be placed in the older, let's say Tesla, batteries as replacements in the future? Is that what you're saying? Or would you wait to get a solid state in the first place so that they will be cheaper to replace in the future.
I would guess 10y from now there would be lots of options for battery replacement, and much cheaper prices.
Very great and informative video. Thanks a lot.
Thanks for the comment, I appreciate it! 👊
Great and very detailed video. Curious if you have or would run the numbers and pending the outcome consider leasing? That way you get the fun of driving an EV & potentially qualify for dealer, Government or both incentives without battery anxiety since you'd turn it in in 2 or 3 years?
Thanks! I haven't run the numbers but there have been a few compelling comments on leasing that have made me want to. I'm certainly not opposed to it... I have seen a few people on UA-cam run some math and it really seemed like buying was the smarter choice, but I haven't work for the salesperson and dented on my own yet. Maybe I should! 👊
By far the best comparison video out there, and being in BC a lot of the facts and figures are comparable for me.
Thanks for saying! Glad you found the video. A lot of comments mention Tesla's being cheap and how leasing is a great option but, jeez, here in BC those options are still just a little too much. I think leasing could be an interesting video to talk about but again it might have such different results depending on where you're from.
Loved this video, i am glad I saw it. Helped me made a decision super quick 🤘
Glad you found the video! What'd you decide?!
Our family has PHEV - we went through very similar analysis 😊. Another consideration is how much space, i.e hatchback vs SUV vs sedan.
You're right! What did you end up getting? And any regrets?
Great video, am just curious, how much was the cost of petrol per gallon as at the time this video was made? I struggled to find that in this video.
Good question! It cost about $1.99 Per Litre here in Canada or $1.45 USD Per Litre ($5.50USD per Gallon). To be fair it has come down quite a bit since making this video but I'm sure that won't last long.
Thank you for making this video. It gave me a better perspective on what to consider before joining any band wagon. ☺️
Glad you found the video! I think in a perfect world you'd have a hybrid for your long trips and an EV for the other 95% of the time. Problem is we are looking to upgrade our main vehicle since we are a single vehicle family for now and can't really afford two cars.... Even with all this knowledge we're still having a hard time deciding what would be the one to invest in. I still lean towards full EV but they're still a little bit expensive in our area unfortunately. How about you? What are you leaning towards?
I bought a used five year old Chevy volt five years ago. Every penny I've spent on maintenance and repair on this car (which has been a lot) was because of the ICE motor. My fuel costs have gone from about one hundred fifty U.S. in gas to about thirty U.S. in electricity. I am saving every dime I can to be able to afford a good fully electric car. If the pricing for electric cars was equivalent to I.C.E. I would be satisfied fully electric car owner right now.
Bummer to hear about the annoying maintenance you've had with the vehicle but those fuel savings are no joke. Very interesting. What do you think you would get next if you could?
Considering used 2021 plug-in hybrids - either XC60, Rav4 or Kuga PHEV.
Since I work from home, our mainly usage comes from shopping trips (5km/day) and odd trips to an off-grid cabin or vacations.
Our energy is 100% renewable, 5c/kwh
Tomorrow our old Ford S-Max will be replaced with a lot cleaner plug-in hybrid. I have had to pay yearly 840 eur payments to our national traffic organization because of the diesel emissions, but that will drop to ca 100 eur soon.
I feel I have done my part, hope the rest humanity cathes up.
I'm curious as to what you will end up choosing! And we haven't decided yet. We would like something to carry some extra family members from time to time, and as far as I know the only 7+ passenger PHEV's are the Chrysler Pacifica (eww Chrysler) and the Mitsubishi Outlander. I don't love either of them.
I guess we're going to wait around a little longer. Sure would be nice to charger at home though. Do you have solar panels or?
@@TheSAHDLife Well, that sole XC60 in my region (Oulu, Finland) was sold just 10min before I arrived to the dealer, so much about that - and all others were in diffrent cities. 7-seaters are all sold out in this region and we have big taxes on them (we joke Finland being the European 'Cuba').
On thing about Volvo, my 3 kids would have hated that hub at the floor (battery near the middle seat) in back row, nobody wants to sit in that spot even in S-Max with a flat floor. Also, I fear maintenance of panorama windows which seem to be typical with Volvos.
Toyota was an option, but those few cars had scratches and paint issues from rocks (imported from Sweden), and thereby my wife kind of chose the Ford.
Kia Sorento was excluded due to too fancy display, which I loved -kind of like in MB GLBs (but wife didn't) - and co-pilot had a shitty bench (no controls at all).
Similarily priced MB 350 GLBs were too old here (2017) from the view point of batteries...
V90 is too low, important for wife.
We have 3 kids and 2 dogs, so it's difficult to fit everything.
I really wanted a Volvo design vice, but a lass, Ford it will be again.
Trunk is quite small but we have one Thule skibox and may invest on another, or on a towbar based box, or on a trailer.
Solar panels are getting more common here up North, it could be an option if we start moving more to the EV world.
Long story short, our car selection was based on those few models that were availeable, with more time one could maybe buy the right specimen.
I just bought the 2024 Hyundai Santa Fe hybrid and I absolutely love it. Get around 550 miles until you have to fill up. Depending on how you drive it.
Nice! You know, we bought the fully loaded 2014 Sante Fe and I have to say, the features are still fantastic and the car feels great even today. It would be nice if it were a hybrid etc but you sure get such good value from Hyundai's right? That range seems awesome.
For me, i dont (because of my health) make a lot of money. So resale is a massive factor for me to be able to get a newer car rather than sink money into one that will continue to have problems as it ages.
Additionally, tesla specifically, I worry about what happens when the warranty runs out whether it'll be serviced, how much that would cost and whether it would be worth anything when i want to trade up.
Otherwise an EV is perfectly fine for anything i need to do, but a hybrid or phev just makes more sense in the current market.
Finally, there was a story i heard about phev owners getting charged both the gas vehicle and ev vehicle taxes for roadway use, but i dont remember where the story came from UK or Australia.
I'm right there with you. I love the idea of it but just financially it doesn't seem like the smartest choice right now. It's like record versus tape versus betamax.
Such as great presentation, I've had my 2018 (6 year old) Hyundai Ioniq 28kwh for the past 4 years and the battery is 97% health after 73,000kms, It is so much fun to drive and miss all the petrol stations, oil changes etc. Would not go to a petrol car, the extra cost of poor resale value and deprecation value - I do not care, it is fun to drive than driving something that drinks dinosaur juice. Looking forward to my next purchase the long range 77 MG4 EV.
That's awesome! I do like hearing good success stories like this. We want a Hyundai for 10 years but the engine died on us despite parking in the garage and regular maintenance at about 50,000 miles. I'm not going to lie I left a bit of a sour taste in our mouth but it's running great now it has a new engine. You would buy another Hyundai?
@@TheSAHDLife I wish Hyundai continued with their classic Ioniq by now they could have put in a larger battery like a 70 or 80 kwh, the economy in this thing is amazing, in the 77k kms the only issue I had was the charge actuator was faulty and would not charge the car, but this was replaced under warranty no problems since. YES would def buy another but ALAS they do not make EV's like the classic Ioniq anymore so heading over to the MG4 77 as my next purchase.
@@clayton4115 Wow that's really cool. They don't sell those here in North America unfortunately, at least not that I can tell. How long do you thin you will keep your current Ioniq?
@@TheSAHDLife I love driving my current Ioniq however due to the poor state of ev infrastructure here in Australia is it not good for country road trips. Will be upgrading in the next 6 months or so to the MG4 77. The Ioniq is going to my wife as she likes driving it more than her Kia Picanto 😄 and she only does around 5000 kms per year and in a few years time my daughter will get her L's so it may be in the family for quite a while.
Hi SAHD, very good video. I would like to add some key points to this topic:
1. Batteries will become much cheaper in 10 years if you look at the price trend of EV batteries.
2. According to HLDI, Tesla is much safer than most hybrid cars. I personally value this a lot. I'm not sure if the hybrid you mentioned has AWD; if not, driving in any Canadian city other than Vancouver will be challenging in the winter.
3. Hybrid cars don't depreciate as quickly because their current supply doesn't meet demand (especially for Toyota). However, once the supply meets demand, they will depreciate faster since hybrid cars have higher maintenance costs than EVs and gas cars due to having both gas and electric engines and the fast technology advancement in the hybrid market.
Good comment, thanks! I hope you're right about the batteries... that would be a nice peace of mind to have. So what would you buy right now?
@@TheSAHDLife I just bought a 2022 model y long range a week ago. Currently the older model have very good deals.
@@yangliu1376 Beauty! I'm jealous. Seems like a great vehicle.
Hybrids do not have more maintenance actually because hybrids don't have an alternator, starter, or serpentine belt that has to be replaced over time like a gas engine.
Which is exactly why I bought an id3 2021 in 2023 for merely half the price around 20k euros and i do around 50k kms per year! Will probably use for another couple of years and sell it with probably 10-15k loss doing 170k kms is perfectly fine!! Not to forget it’s a 204 bhp car with 350nm torque!
Nice deal! I bet it's great. Where did you buy it?
All the power full race car have tire changed frequently at race course. reach 100km in 6 seconds, tire have friction a lot with road surface.
Man that's such a crazy waste of resources! All the gas/rubber in a race. I've never been to one. It must be nuts. Such big business!
I got a phev as charging infrastructure is bad where I am from. The only negative is that I'm forced to top up the fuel every 3 months as it goes out of date. I pretty much drive 99% of the time in ev mode apart from when the car makes me burn old fuel. Ev side of the car is awesome and I wish I went full ev
That seems mildly annoying about the gas... so how do you burn it out fast? Just drive around with the AC on?
Yeah that's interesting... I've often wondered if I would be in that same boat, wishing for full EV too.
@@TheSAHDLife I got the Mitsubishi Outlander, and it requires 20L (200km) of fresh fuel every 3 months (in a 55L tank). So at least it's not a full tank. So in regards to how to burn it, I just make a point of not plugging it in when I get the 1st warning on my console, and then always drive it in "Charge mode" which runs the engine. I sometimes use it as an excuse for a weekend trip to go up or down the coast. But at the end of the video you make a great point about re sale value, so I figure the money I'm losing in having to refuel every 3 months will probably be offset by the lesser depreciation.
totally agree! my chev volt is perfect.
I've heard nothing but good things from the Chevy Volts! I wish we got on that train years ago. I've always been a little worried about Chevy's though you know? I haven't had the best experiences with Domestic vehicles throughout owning cars over the last 25 years.
Hybrid for me
Yeah I think for us if we buy just ONE vehicle for the fam it would be a hybrid. If we could afford a second car then maybe it would be an EV. Hybrids are just so versitile.
Great video! As a former British Columbian from Kelowna now residing in Australia, those maps were nostalgic! My daugher drives a Tesla and loves it. She says that every time there's a computer update, it's like a new car. Hmmm.
I'm looking at an HEV or PHEV. I'm wary of the reports that often surface about Tesla, affecting its reputation, and I don't care for Musk himself. But emotions aside, I read that PHEV's are more expensive to maintain and have had issues that need to be ironed out still. PHEV's offer newer technology than the tried and trusted standard Hybrids, so I'm looking to buy your basic hybrid that has better resell potential. Thank you for your logically presented insight!
Thanks for the comment! We just drove back to the Island from Peachland yesterday praying our Hyundai engine won't die again lol. Yeah you know, we are kind of feeling the same as you this point... We would like something reliable to get the family around... Maybe a Highlander Hybrid? We still aren't sure. Anything in particular you're considering? From a tech and performance perspective I'm so drawn to the Tesla but the battery success rates just don't seem that reassuring.
@TheSAHDLife Have you heard of BYD EV's? They are here in Oz. The Atto 3 and the Dolphin. Very well built with heaps of tech, quality interiors, great range, blade LFP battery (450kms and 427kms WLTP) respectively, rave reviews, nice design and totally affordable. Take a look. Both under $50k. Tesla is changing to the BYD blade LFP battery, I read. Safer and charges to the full 100%. Worth consideration.
RE: Torque - My employer had C-Max fleet cars starting in 2013. They're kinda ugly but they ran great, and I drove them all over WA state. When I had to pass someone the C-Max had amazing torque because the electric motor kicked in when I floored it, and those don't have a torque curve, it's straight up. However, we're Toyota fans in this house to the Prius would be our choice to buy.
That's funny, I'm not familiar with the C-Max... did those hybrids get pretty good range? I imagine they must have. You think they were just discontinued due to their lack of sales?
I guess hybrids besides the Prius didn't really take off back then did they? Yeah we are new Toyota fans too. Looking forward to (hopefully) getting one soon. Being a 1 vehicle family is tough now the little ones aren't so little anymore and are joining all kinds of activities!
Thanks for watching 👊
I have a C-Max 2015 (non plugin). It is at 146k miles and gets between 38-40 Average MPG. Never had any major issues with it.
@@Nattodayy That's what we were getting on the 2013 C-Max. I always enjoyed driving them, and I don't know why they weren't popular with the rest of the team. At my age form follows function.
Great comparison. I just don't know how the phev works. Battery used first and then gas kicks in, OR is there a switch where I can use battery until out, then gas kicks in. When battery is all used up in the 40 miles, then gas will take over all the way thus no more battery juice left OR ????, still don't understand.
Thanks for watching. So I think with most newer plug-in hybrids the electric engine is what drives the car. The gas motor is basically a generator. There's a few modes that you can use it in... You can do straight EV mode until the electric is done like you said which is great for around town, or you can put it in charge mode so as you're going downhills and using braking it takes that energy and charges up the battery slightly... We've gone down massive mountain Hills in my parents plug in where it almost charges it full going down a giant Hill which is crazy and cool. But the power is not as efficient when the electric battery is completely dead.
It's just nice that you could leave your house and drive across the country just going to gas stations only if you wanted to, or, you could use it for scooting around town at a fraction of the fuel price on straight battery.
Living in the UK I went from a diesel to a plug in hybrid then to an EV. Finally decided to go back to plug in hybrid as it suits our lifestyle better than a long range EV. We kept an older EV as our 2nd car for the last 8 years and plan to keep it until its RIP 😊
That's interesting and sounds like a good setup... something we would like to have as well. Do you mind if I ask which vehicles in particular you kept?
Good rate, mine is $0.35 so its quite different. The other thing to know about prius is the ABS system is very expensive to fix.
That's something I haven't heard about... interesting. We definitely have cheap electricity here compared to a lot of countries in the world... for now anyway. What are you driving?
I like evs and has test driven several of them, but they are still too expensive, so I recently got 2018 Chevy Volt, I use the battery most of the time. Such a great car.
That sounds like a fun car. I've driven a few EV's too and really enjoy them but I'm in the same boat. Still not sure what we're going to do. Our neighbour is selling a mint condition 2018 Nissan Sentra, and while it's not our first choice, the fact they've taken such good care of it and we might be able to get it for a great price IS tempting. But on the other hand, I'd rather just get a Nissan Leaf. Though knowing the condition of a vehicle and how it was treated is worth something right?!
For me, I rented an ev when traveling and loved it but with nowhere to charge, I'm better off with a hybrid at the moment
What are the chances new battery tech/advancements will be able to be integrated into older EV's ? IE your Tesla battery needs replacement in 2030 go to auto parts store for after market SS Battery like you do with the 12 volt battery now?
That's a good and interesting question... and I don't know the answer. I'm not sure what current battery replacements are like for, say old Priuses... I wonder if they have improved.
I know the replacement batteries for the Priuses are better than the originals and relatively easy to install. And I know China is making cars rather than charging you. You just replace the battery. You go into a station and the discharge battery is removed from the car and the new battery fully charged is installed. Kind of like electric motorcycles where you just take out the batteries that are currently in the motorcycle that are discharged and replaced it with new batteries? I'm thinking by 10 years we should have that technology for cars too
I probably missed it, but you forgot to factor in Opportunity Cost. Plus, battery cost keeps going down. In ten years, battery replacement will be cheaper. Also, the resale value of Hybrid will fall because BEVs will have lower up front cost and low overall cost of ownership. Most buyers will stay away from Hybrids for these reasons, in my honest opinion 😊
Yeah I hear you... I see a lot of 60+ buying hybrids right now. They are tough to get (Toyota's/Volvo's) around here. I have a feeling EV tech will move fast but it'll be the younger folks buying them. It will be interesting to see if people will be able to put newer/cheaper batteries in the older cars. I can't see why not. I wonder if putting a new battery in a 2014 Model S right now costs less then it did say, 7 years ago.
I'm in the same boat. Thanks for this video. Please let us know what you decide 😊
Haha oh I will. We are still keeping costs down for as long as possible by having 1 vehicle. See the problem we have is that... if we could easily afford 2 vehicles we would get a big hybrid for family trips then an EV for around town/errands, but we can't. Since we are just rocking 1 we can't commit to a particular car technology for that swiss-army vehicle right now. I've had some good chats with people in the comments and it's all over the map. People are loyal on all sides.
I lean towards EV because of how we drive. It would be great literally for 99% of the time. It's just that trip every few months that I'm worried about.... well and the longevity... resale...etc. lol But if we had to buy something today, a Toyota Highlander Hybrid is still high on the list but $$$. Arghh!
What are you leaning towards?
Thanks for the great breakdown and it's something I've been spreadsheeting these scenarios and I also came to the same conclusion. If I were to buy one and only vehicle, a plug-in hybrid would come out ahead. I hadn't considered the resale value in my analysis but I did include maintenance for the ICE. That said, I expect ~$6k for electrical service upgrade plus the level 2 charger and installation as I'm only on 100A service. There is an alternative of using a smart panel to prioritize which circuit gets juice for slightly less but still pretty pricey. A plug-in hybrid might actually still work on a regular 120V/15A outlet given that I'm home all night long. Considering all those factors and how much I drive, the pay back period for a plug-in hybrid vs a pure cheaper ICE was about 5 years. An EV with all the electrical upgrades is 9 years.
That said, for a two car family, one EV and one plug-in hybrid/regular hybrid might make for a great combo. The EV as the town car and then the hybrid for everything else, especially a larger vehicle for the family road trips.
That's really interesting to hear. Have/would you consider getting something used? I think slow charging might be enough for our usage but it would still be tempting to get that level 2 charger for another potential future vehicle. Like you said, the EV and the PHEV would be the ideal situation. Although it's probably best financially if we run this Sante Fe to the ground.... it really doesn't owe us anything and since we bought the highest model at the time, it still feels fantastic now. Going to a car with less features would be tough to do.
@@TheSAHDLife yes I'll probably consider used. Although if we want new, we probably should get on a waitlist. One of our cars is 16 years old but it's still running fine. Tough choice - should we speed up the carbon/gas savings or wait.
@@LawrenceLCA I did a video on the channel a year ago or so about how the engine DIED on our Hyundai at 90,000kms...ugh. It was a nightmare. Hours from home on a road trip in the middle of a heat wave stranded on the side of the road with young children... They DID end up paying for the tow and replaced the engine out of warranty which was awesome, so it still runs fantastic now only at 115,000kms but it sure left a bad taste in our mouth... it's hard to trust that it won't happen again. It's our one and only vehicle too and when you have young kids it sure would be nice to have something new and reliable again. Tough decisions eh. I'm right there with you.
But we also haven't had vehicle payments in awhile either... it'll suck to have those again.
@@TheSAHDLife Yeah reliability and longevity of the brands are important considerations for sure.
I had the opportunity to drive a rental Grand Cherokee 4se PHEV for a week. That thing could launch and was rock steady even on 75-80mph on the US highways. Pretty pricey though, but sat 5 adults comfortably and luggage.
@@LawrenceLCA Yeah that's interesting! Although it looks like it only has a range of around 40km/25mile in EV mode. That might be enough for some for their dailies. But 760kms overall on a tank is pretty decent!
Nice video, have the same dilemma. Things to consider: base model Tesla uses LFP batteries which degrade only about 2% a year. So will have about. 80% capacity in 10 years Any kind of ICE vehicle will have other type of service, belts, turbos, battery, filters, pumps to be replaced. Your PHEV battery is most likely not LFP and will degrade much faster over 10 years. Hard not to go for base model Tesla but that future resale value 😢
Thanks for watching! The more I'm chatting with Tesla owners that purchased them in 2016+ the more confident I am that they will still be usable vehicles in the future... I'm with you... leaning towards the Tesla. 👊😆 Though where we live the closest Tesla dealership is 2 hours away :(
Be careful with LFP, they are a bit of an unproven technology, not to say they don’t show promise in certain applications. We just do not have the data to say how they will perform for the average lifespan of a vehicle which is currently 17 years here in the UK.
For example: ua-cam.com/video/GLubwlYCOq0/v-deo.html
This survey has 135 respondents, 7.4% of them experienced a battery failure, most failed under 80k miles and mostly model 3. This will usually be covered under warranty, but once out of warranty, you are looking at a $23k bill which if the above is to be believed, will only get you a 50 to 80k miles in 7.4% of cases, that’s a pretty staggering failure rate.
They also have specific disadvantages, even in moderately cold climate (5c), the batteries may flat out refuse to charge until they are conditioned (increasing charge times to 2 hours and increasing your charge cost), the range drop is significantly higher winter than non LFP, they are less efficient, they have 30-50% less energy density (larger/heavier), they cannot provide as much voltage (power), they can’t accurately show range - this is why Tesla recommends discharging them down to 0% frequently (this may be contributing to the high failure rate?).
So really serious downsides and why none of the long range of luxury models use them.
Mercedes for example still uses massive amount of cobalt, they currently use a ratio of 8:1:1 nickel, cobalt, manganese. Thats how they all can do this flat charging curves. If you lower the cobalt to 1% or less like Tesla you can't pump that hard on the battery or you causing lithium spikes to damage and worst case short the battery.
Thats why LFP charge a lot slower then NCA or NCM cells. Cobalt is a stabiliser. Most companies don’t want bad marketing on their charging curves so they keep using 5-10% cobalt..
@@DigiDriftZoneLike we always consider all new ICE engines, new turbos, new transmissions, new injectors, new cylinder heads and pistons, new materials eg castings, aluminium, steel and plastic parts, new electronics.
@@Harrythehun yes and all of these are around 10% of the materials that go into a disposable EV battery, except for the sake of the planet, all these things can be kept going and are economically recyclable. For example my 20 year old Audi A4 is still someone’s daily driver right now with minimal maintenance, it passed the last 5 MOT inspections with not even an advisory.
Biggest complaint on ALL three types is the high cost of purchase! I spent $42k on an SE RAV4 Prime in 2021. At the time the MOST expensive car I’d ever owned. Traded it in April 2023 for $42k (yes that’s right) and purchased a $47k Pacifica PHEV. I was happy with the resale value of the Toyota. I’m NOT happy with the value of the pacifica. My KBB is now around $28k with 22k miles. I know, many will say well no shit, it’s a Chrysler, what did you expect?! But, that much of a loss in 15 months is pathetic to me. I may be dating myself, but to me $45k is still A LOT of money for a depreciating asset. These days however, $45k seems to be entry level. Same with houses. Everything is inflated and overpriced. For millions of people the cost of any of these; HEV, PHEV, or full BEV is simply too high. What we need are fuel efficient AND affordable cars (all three types) that start at $20k!! I guess I should keep dreaming though because that isn’t going to happen I guess. The Chinese seem to have figured it out with their BYD cars though..
Yeah that's really interesting. Hopefully your Pacifica (which is a really nice vehicle btw... we've considered it) lasts for years and even though on paper doesn't hold high value, is a workhorse for your family. I feel the same as you about the price point... we bought our Sante Fe in 2014 and even though the engine died on us... they replaced it for free outside of warranty and it's running really well. If it was a Toyota we could probably still sell it for 20k right now, but we'll probably still be able to drive it for 5+ years at which point I feel like we will have gotten our monies worth. But yeah, I hear a lot of good things about BYD.
I do believe you missed a critical point. All 3 hybrid, plug in, and EV are affected by cold significantly. Not just EV's. My 2016 Prius went from 60 to 70 miles per gallon down to 30 to 40 miles per gallon in the winter. That was an a mild Washington winter. Now I live in significantly colder winter weather. Plugins are affected even more than EVs. My Outlander PHEV goes from between 40 and 75 mpg down to 25 to 35 in the winter. My model 3 RWD (not long range) still had 205mi range at 70mph in the winter. So if you compare all three, the EV is actually affected the least in the winter. There is also very little evidence to support EV resale value being lower than Hybrid or PHEV.
Wow I had no idea the mileage on a Hybrid changes so drastically. I'm surprised I hadn't heard that before! Thanks for sharing.
It depends on your driving pattern and the way you set up the interior heating.
In my hybrid Corolla, i achieve some 4.4L/100km (54 mpg) in the summer and 5.2L/100km (45 mpg) in the winter.
Most of the time i drive alone, so i set up the HVAC to driver only and turn on the heated seat and steering wheel.
But yeah, a lot of time the engine kicks in only to produce heat, which is kinda wasteful.
My partner and I share a Ford C-Max hybrid now and I’m just looking to get an EV to get around town. So my idea was to lease a Model 3. Leasing still gets me US EV tax incentives, and lets me reduce the investment on an EV until better tech like sodium batteries comes along.
That's exciting. Have you test drove anything yet?
@@TheSAHDLife I’ve tried both the Model 3 and the Y. Although I really like the Y, I think we are going to get the 3 to keep costs down.
@@Nattodayy Yeah I'm feeling the exact same way. The 3's seem roomy though so I'm not too worried. My wife just loves the taller drive height of SUVs so she's a tougher nut to crack.
in indonesia BYD Seal changes the whole game..
BYD seal cost 40,000$ in here
ionic 6 and tesla cost twice
ICE comparison is BMW,Benz that cost 100,000$-150,000$
this is why i bought a seal EV❤
my point is it doesnt matter if its EV,ICE/Hybrid/PHEV
which car with best value for the money is best for u
Yeah wow, that Seal looks pretty cool too and seems to have good performance! I wonder what it would sell for here (in Canada).
We're still having a hard time figuring out what vehicle works best for us. It's easy if we got two cars (one hybrid one EV) but since we try to only have 1 car it's a harder decision.
My friend´s father drives a 10 year old tesla model s. AFAIK, the battery is “OK”, but the car needs the same maintenance as any car of this age - suspension joints, A/C fix, power steering issues.
Yeah that's interesting! So he's gotten the benefits of driving EV over the last 10 years (saving money, great performance) and it's still rocking. That's awesome. Still no oil changes at least though!
PHEV like Prius prime is the ultimate car if you live in a city
It really seems like a good choice for the moment. Do you have the newer designed ones or one of the last generation models?
And what about the maintenance?? I would assume it's double on non ice cars due to the batteries. And a hybrid has both!!
It's a good question but since I've never owned them I can't really weigh in on that truly. It sounds like every car has regular maintenance as far as tire alignment and breaking goes etc. maybe the engines and batteries might need different maintenance due to oil changes or I don't know exactly what EVs need but... It's probably prudent to get it regularly checked. The older I get the less I like to mess around with things like bad breaks or bald tires. It's just not worth cheaping out with that stuff. I have... And paid for it!
I bought a used plug-in hybrid. It has been great so far. I can charge for free at work (which is most common for me), or at home for the cost of electricity. Plus there are some free charging stations a few places that I go. I do recommend getting one that has the range to accommodate your typical drives. Mine gets about 40 miles of EV range, which is plenty for me most of the time. But a lot of PHEVs get less range and a lot of workers have longer commutes and can’t charge at work for free. Just stuff to consider.
Also, even though PHEVs do have to have oil changes, it’s not very often if you regularly plug the car in and don’t regularly drive over the EV range.
I do think it’s odd to compare a tesla model 3 vs a Hyundai Santa Fe. Not only is it ICE vs EV. It’s an SUV ICE vs an EV sedan. At very least compare the model 3 to something like an ICE Toyota Corolla if you’re going to compare it to an ICE vehicle. Or else compare the Santa Fe to an Ionic 5 or a tesla model y or some other EV SUV.
Good point on the oil changes on heavy EV usage for the PHEV owners.
Yeah the SUV ICE to EV comparison was just for math's sake... it's the data I had exact numbers on. I figured people could adjust it based on their vehicles if they wanted to.
Which PHEV did you get? It sure would be nice if they could get to that 60 mile range. Seems like we're almost there.
@@TheSAHDLife I have a 2016 Chevy Volt.
Originally the listed EV range was 53 miles (which seems way optimistic). In reality it today gets between about 32 and 44 depending on conditions. Keep in mind that every listed PHEV has an optimistic EV range. And over time it becomes even more optimistic as the battery wears down. I still find around 40 miles very useful and would find 30 useful as well. But I don’t regularly drive far and have lots of charging options.
I think this is old thinking being improperly applied to new tech, specifically with the depreciation for EVs.
Fundamentally, the plummeted resale value of electric cars recently has been because of technological innovation rather than the asset in question losing its functionality/deteriorating. Remember, 5-year depreciation figures by definition lag 5 years behind the current models. I think the technology has matured significantly in recent years, leaving much less maturation in the near-mid term future.
Take the Apple's MacBooks. The resale price of an x64 MacBook air is ~30% original price but an M1 is ~70%, because there is relatively less maturation between M1 -> M3/4 than from x86 -> M1.
I believe 2024+ Model 3 and 2021+ S/X will see significantly less "depreciation" than older models, so I think it's worth it.
Or just buy a 2021-2023 Model 3 for like $28k US and call it a day!
I think you make a great point and I do agree with you. Unlike Apple however there is a lot more competition and marketing in the auto industry which makes what you mentioned easy to forget. Heck just watch any sporting game and see the amount of car ads that play. It's crazy!
I think when it comes to Tesla specifically, because they were so far away from the competition experience wise... While guys like me have wanted to jump on board for years, I worried about rickety build quality as all my friends with 2018/2019 Tesla's said they rattle years later though they still run well.
My cousin has a 2021 Model Y that she wants to sell and my wife and I wonder if we should consider hers or if it's worth the extra 15k for buying new. Tough call. I'll chew more on what you said 👊
I think picking up your cousin's Model Y would be a great idea!
1) You know that specific unit's build quality
2) You get a big discount on the price compared to a new one
3) You trust the previous owner and know they aren't hiding any big problems/repairs from you
I don't own a car currently but the sheer thought of having to do (& pay for) the maintenance on one drives me insane, so personally I would LOVE the lack of it on an EV
@alejandrowilcox8198 those are all great points. It sure makes a big difference buying a used anything from a trusted source. Those 2021s still look pretty slick too! But yeah having a vehicle is a lot. We've managed to only have one vehicle for so long which is just been great but every now and then there's a time where we need two vehicles. It's just so much cost for not very often you know? Hard to justify.
I do most of my own maintenance and repairs. For me with a HEV (well, with most Toyota HEVs) I can expect to need a new battery for $2k-$3k in 10-15 years, which I find reasonable (unfortunately used values don't reflect that cost at the moment). On PHEV it would be $10k-$15k and because of the battery weight I probably cant do it myself, not really reasonable.
For EVs they would probably last over 20 years (for me, because I wouldn't super charge it, I would keep it in the sweet spot between 20%-80% charged, and I probably wouldn't used it for commercial purposes and I wouldn't cycle the battery very often) but a replacement batter will be well over $20k, not reasonable at all - but an EV wouldn't fit my use case (unless I had another car at the same time).
Out of curiosity, you say the HEV/PHEV batteries will only last 10-15 years yet you think the EV would last 20+. Why would the EV ones last longer if you kept ALL of them in that sweet spot of 20-80%?
@TheSAHDLife It's about the number of times they cycle. A Prius battery kept between 20-80% might have to cycle multiple times a day but a full EV with 300 miles of range maybe once or twice a week a week in the same conditions. I'm just guessing PHEVs will last about as long as HEV but they haven't bee n around long enough to tell, maybe they'll fall in between HEVs and EVs.
I bought a 2024 Prius, gives me 52 mpg and love it!
That's awesome. I really like those. A lot of people who comment have been team EV but that Prius just seems like it would be a great vehicle to have. Did you have to wait long to get it?!
@@TheSAHDLife No, I was looking at a GR 86 but the the interior was boring. I like the interior of Prius more. No waiting, someone did not want the Prius Limited so I was lucky.
Great video. I went for the Tesla. Price was great and seems that the it will be ok for 10 years. It’s the best car I ever owned. I also have an older ford explorer. But not worth getting rid of it financially so it’s kinda staying around. I would really recommend the ev over anything at this point. Rivian, and Silverado Ev are so tempting but charging through Tesla networks need to be accessible if you’re gonna travel. What I can say is that I’m never buying anything else than EV from now on. The experience is far far superior. 0 maintenance, cheap to operate, charging from home convenience, cheap price, and Tesla is very luxurious.
That's awesome and echoes a lot of what I hear about Tesla from owners. The only downside is where we currently live, the closest Tesla dealer is 2 hours away. Have you had it long enough to know whether or not you need to bring it to the dealer for servicing? Now that I think about it our town might have Tesla certified service stations kind of thing. Which model did you end up buying? Not going to lie... I'm jealous! 👊
@@TheSAHDLife yes. I even had an accident where a tree fell on top of the hood of the car. No more than 3 weeks it took to get everything fixed and the car back home. All through 3rd party authorized center. We have a dealer about 30 mins from where I live in Raleigh NC. But there are many authorized 3rd party service centers too. I now need to take it to check the back door. There seems to be problem with it closing. Not sure how it happened. School Carpool maybe? But through the app set the appointment and it’s in the service center. For other minor things they come to your house. I’d look into 3rd party authorized service centers. Not that you would need to go often. All you do is add windshield wiper fluid and tire rotations that are DIYs. Oh and tires aren’t abused that much. Friends have about 40-60 thousand miles depending on how heavy your foot is and how good you are on rotations. Normal tires are 60-80 thousand so not that much. I would go and drive one. Rent one if you can’t get to the dealer. Highly recommend. I got 2023 M3 RWD. LFP battery. Standard range. 270 miles avg. traveled a few times and great. We need to stop for bathrooms and in 15 mins the car is already almost at 70% percent capacity giving so much headroom. You need to live it to understand that they are not a hassle. Plus 99% they are local home drives. Keep up the awesome videos!
@@AndrewReitze That's awesome. Appreciate the comment and... well it's just a little more fuel for the fire. We sat in the 2024 M3 and it just felt awesome. I'd love to rock one. Hopefully the new Model Y's come out soon, I can't wait to see what they did.
Model 3 RWD 2024 is currently less than 50k CAD with the gov't incentives. Very attractive honestly, esp. that no car thieves are looking for them. Also, social factors such as my wife not really liking the idea of working really hard just to drive a taxi car model. It's understandable to a certain extend. Plus, Toyota dealerships and their games are really off-putting in choose a Toyota. Good video btw, as it is the current headache I'm having. (Currently leading towards a Model 3 OR wait for the newly refreshed Model Y)
Haha I love that about working hard just to afford a taxi. Hilarious. And yeah I kind of see the point too. She's not wrong.
My problem is that while the Model 3 RWD is pretty awesome, when you drive the AWD it's just SO much better. But then it bumps you out of the extra incentives etc... I wish my brain could be content with the RWD one but where we live it rains a lot, snows sometimes, and has tons of hills. I think if I didn't have those things to worry about I could consider it.
I'm also excited to see the redesigned Y. It SHOULD be out later this year or the beginning of next year right?
Yeah the Toyota games eh... you can't even test drive the Prime's since they never have any in as they all seem to sell so fast, or is that just a tactic? lol. We're still on 1 car waiting to figure out what to do. Car loans still aren't cheap either at the moment.
If you had to buy something today what do you think it would be? If we did, it might be a 8 seater Highlander hybrid? We really want that extra space. Ugh I don't know what we'd get hehe.
I had a similar issue some years ago. I love quick cars but could not justify the high price for a Tesla, so I went with a PHEV. It was very practical but I didn't enjoyed it. I sold it after 2 years without a small loss and got a Model 3 Performance, I love it but the value of this car already went down a lot.
I never want to own a car which I don't enjoy to its fullest but affording one after my current car depreciated so much is a different story.
That's really interesting. Other cars must be boring after that car... What would you do in hindsight... Lease? Or just get something else?
Great video by the way .
Thanks! Really appreciate the comment 👊
My first electric was a 2017 Chevy Volt. I managed to do all my local driving on all electric and only needed gas if I went on a trip that was over an hour away. I had it for 3 ½ years and sold it once the warranty expired. Now I’ve had a Tesla Model Y for the last 31/2 years with absolutely no problems so far. I plan to sell or trade it in sometime in the next year and for the first time I plan on buying the exact same car again. Range anxiety isn’t a problem at all and I charge at home 99% My trick (although maybe expensive) is to own the vehicle just as long as I have the warranty coverage
Pretty crazy it's been so good you would buy the same one... That's awesome! I think the next years model will be a refresh too so that's a good time to do it. I hear lots of great stories like this... hopefully we can do something similar in the near future.
That "trick" is standard practice with EVs - dump them early - its why these cars lose so much value in depreciation.
@@timothykeith1367 it’s my policy for ICE vehicles too as I’m old and don’t want to mess with repairs not covered by warranty. I haven’t had any major problems in any vehicle I’ve owned while under warranty
@@timothykeith1367 they lose so much in depreciation due to all the misinformation out there as well as the FUD
I am considering to get used tesla with 3-4 years warranty left on them. If something happens to battery down the road I am covered and still saving on gas during this time period. Let’s say battery goes down less than 70% I am still good with the range. Also you can get extended warranties with payin $3000 extra.
Buying brand new tesla doesn’t make sense to me. The incentives are not high enough to consider the option. 4 years old tesla model 3 ranges from 25k to 35k. Half the price of brand new. I can easily be saving $3000 gas a year. If battery needs replacement after some time so be it and it will still be cheaper than buying brand new. Plus you don’t need full battery replacement. Tesla does full battery replacements because the vehicle is under warranty. I may bot even consider to get charger installed since I live in a condo and one of my neighbour spent $4k couple years ago to get that installed so probably it is a lot more now. Am I saving enough and worth it that much to charge from home? Yes it will be convenient. The only reason I am considering getting a charger installed is, I heard that building have an EV parking spot but there is no charger, who ever get the charger installed and pay for it, he/she will get the spot which is at least $40k worth parking spot. Could be a good investment.
Interesting take about the charger. And yeah I hear where you're at... there's a lot to be said about the joy you will experience owning it also. I'd love to have one. And like you, a 70% range would still be awesome for me. Let me know what you decide if/when you do!
I recently dumped my leased 2021 Tesla Model Y “long range” for the Lexus RZ 450e, after driving 10 other EVs. Don’t listen to the skeptics or critics who tested pre-production or prototype versions. My RZ 450e has the latest Lexus software update and I am getting 275-400 miles of range at 4.2-5.5 miles/kWh efficiency - far better efficiency than my Model Y. But first let me explain why I dumped the Tesla. Over 30,000 miles, the AC on the Tesla failed, then the 12V battery failed without warning, stranding me for 2 weeks (and $1700 in car rental bills) while Tesla dithered around with replacing the battery. The powered frunk where the battery is located failed to open because the Tesla factory had failed to wire it properly, so they had to rig it to open it. Then the trunk strut failed which was traced to a faulty wiring harness. If I had bought it, instead of leasing it, and had these failures happened after 50,000 miles, I would have been out thousands of dollars, erasing any fuel savings. BTW, the Tesla odometer was also way off, which seemed like a gimmick/scam to inflate range.
Speaking of range, the Model Y’s efficiency was awful in city driving; with 20 inch wheels, I rarely cracked 160 miles on a full charge in stop and go traffic due to aggressive regen which meant keeping the throttle pressed to keep the heavy beast moving. In DC winters, 110 miles was the best it could do, despite having a heat pump 😝
So I switched to the Lexus RZ 450e after test-driving the Cadillac Lyriq, Hyundai Ionia 5, Kia EV6, Ford Mach-e, Nissan Ariya, VW ID4, Chevrolet Blazer, Genesis GV60, and Toyota BZ4X and Subaru Solterra. Lexus discounted this heavily so it ended up being a $43,000 car. I sincerely believe it’s the best EV you can buy today.
I chose the RZ 450e with 18 inch wheels, which with latest software update unlocks more range and efficiency, and it was the best decision ever. As I noted above, disregard the skeptics / critics who tested pre-production or early production vehicles with old software. With latest software updates, the range and efficiency of the RZ 450e is amazing. 95% of my driving is in the city (Washington DC) at speeds below 35 MPH and I average well over 4.5 miles/kWh - vs 3.0 miles/kWh for my Model Y “long range” in similar conditions. On a recent drive, I got 7.2 miles/kWh. 18 inch wheels (NOT the optional 21 inch wheels) and using regen at lowest setting is key to getting maximum efficiency because Lexus designed an adaptive automatic regen braking system that recognizes when the car needs to slow down (for curves or stopped traffic) and blends in appropriate regen and friction braking as needed to simulate a true one pedal driving experience.
The RZ hits 0-60 in 4.5 seconds. Its ride quality, powertrain refinement, quietness and sound system all blow the Tesla Model Y away. It glides over bumps and potholes like a Mercedes S Class /EQE/EQS or a Rolls Royce, while my Model Y crashed over them like it had no shock absorbers. The RZ has a light steering which makes navigating around potholes a breeze (steering tightens up when switched into Sport mode).
The latest Lexus infotainment is snappy - having a large screen in front of you to display vital info as well as a heads up display are HUGE pluses over the Model Y. There’s another large screen that supports wireless Apple CarPlay and Android Auto, so that’s another huge plus alongside beautiful physical controls for temperature setting.
Lexus nailed the perfect balance of physical and onscreen controls - not having to go though the screen for controlling mirrors, lights and wipers definitely enhances safety. The two tone soft touch surfaces elevate the driving experience - you truly feel like you are in a luxury EV, unlike the somber interior of the Tesla.
The Lexus lets you fine tune your efficiency to your driving style via Normal/Eco/Range settings, which once you sign in, it remembers your preferred settings. The radiant heat feature is genius - feels like a warm blanket on your legs. Safety features like Safe Exit Assist prevent doors from opening if a car or cyclist is approaching (can be overridden). There are so many thoughtful touches and safety features that make Tesla looks pretty crude and ancient - almost Iike an unfinished product.
What about road trips? I took one from Washington, DC to NYC - something I’ve done in my Model Y previously - the RZ 450e averaged 4.2 miles/kWh at highway speeds with AC on in 90 degree temps. Fast charged at Tesla Superchargers to 100% (since Lexus says that’s fine to do) in under 40 minutes and arrived in NYC super refreshed due to cooled seats, excellent auto steer, superior ride comfort and overall refinement vs the Model Y. In NYC’s stop and go traffic, the RZ450e is averaging 5+ miles/kWh - Lexus has applied its experience optimizing for city driving efficiency to the RZ 450e.
I even camped two nights in the RZ 450e, just like I did in the Model Y, and it makes an excellent camping vehicle. The folding memory foam mattress that I had ordered for the Model Y fits perfectly in the RZ 450e! If you have a family, they would appreciate the massive rear passenger area, with flat floor, easy ingress/egress, and heated rear seats with controls in the back (unlike Tesla Model Y).
Lexus also offers 30 days of a Lexus ICE or hybrid loaner for longer road trips, but if you live on the coasts, or in a region with a high density of public fast chargers , you will likely never need to opt for the loaner.
As for lack of a frunk, I don’t miss it. The RZ has plenty of space in the sub trunk for cables, plus features like digital rear view mirror, homelink garage door opener, blind spot alert lights and beeps, 360 panoramic camera views, auto park and ventilated / cooled seats more than make up for lack of frunk! Unlike Tesla, the controls for the hood and charge port are manual which is a better design should the 12V battery fail. The 12V battery is easily accessible in the RZ 450e and Lexus offers free scheduled maintenance at regular intervals to ensure you are not stranded with a failing 12V battery. Oh, and unlike Tesla, legendary Lexus service is just a phone call away - there’s always someone who answers the phone should you have a question.
Lexus even delivered the vehicle to my home and the sales rep followed up multiple times in subsequent weeks to check in on my experience. With Tesla, it took them nearly 2 years and multiple email reminders to send me the correct paperwork to get my car registered in DC. Yep, I drove around with expired temp tags for almost two years. No wonder Tesla sales growth has slumped!
Lexus has now released a RZ 300e with even more range, so definitely recommend checking that out. The RZ 300e Surprises With 125 MPGe EPA Rating that Beats Tesla Model Y.
The Toyota BZ4X is another good option - a little shorter than the RZ, it sits higher than a Tesla Model 3, but rides much better, has more room in the back, and I think it also looks more interesting and sharper. Similar driving dynamics as the RZ, the BZ4X leases for under $200/month and is hands down a much better buy than the Model 3 or Y.
Wow it sounds fantastic! A bit out of our price range but sounds like it's loaded with value. I know the Y has a new design coming out soon which I'll be curious about. I've never owned a Lexus but everyone I know who does has had great experiences with them. You definitely planted a seed! Thanks for the thorough message.
Best is to compare one's current paid off or soon to be paid off vehicles' total cost of ownership versus buying any new to newish vehicle.
Good comparison with the 2024 Prius and Prime but in my case, a '12 CT200h bought cheap off a friend in 2020 is going to provide the lowest running cost. Then if that breaks down, a faithful '11 Accord coupe.
Definitely wait for newer battery chemistries that will likely come with better longevity. 2027/28 is not too far away.
Even VW has already licensed Quantumscape technology for solid states and will start serial production before 2026.
How has that Lexus treated you? I've always heard great things about them. And I know... you're right. I just hear people gushing about their EV's all the time and I've driven a few lately. I love the quiet yet powerful performance. It's great.
I'm not familiar with that Quantumscape tech... I'll check it out!
@@TheSAHDLife It's been quite reliable and fuel economy is great. But there are many common issues like head gasket failures that I haven't encountered so far. Hoping to get another four or five years of reliable service. :)
The problem with many buyers is they do not consider used and reliable vehicles with good fuel economy vs. outlay on a new vehicle, no matter the propulsion system.
EV makes most sense for ride sharing or courier/commercial deliveries where lots of miles are racked up and gasoline savings will trounce most of the depreciation.
You are missing the lost opportunity cost on the extra money you will spend for the full EV. Most of the cost analysis I see on vehicle purchases overlook this factor. That 20k extra you spent on the EV when invested in an appreciating asset over 10 years could totally transform which vehicle makes the most financial sense.
Oh for sure, I thought I tried to address that in the video. I will say that while it is a lost/sunken cost for a lot of people, for others they do get the satisfaction of enjoying the benefits of a more premium products and being early adopters to new technology. That's not worth it for ME but some people really get value from it. But some people are just terrible with money too. Waiting it out and seeing what happens seems to be the smartest options. We don't NEED a vehicle quite yet, it's tough having 1 still but we save so much we will do this I think until we are forced to get a 2nd. What would you buy right now?
@@TheSAHDLife I drive an F150, not the hybrid version, but I would consider a plug-in hybrid truck down the road, especially if the tax incentives put them on par with the straight hybrid.
Extra 20k for an EV??? I'm not sure where you got this idea. The difference in upfront cost is more like 5k.
@johnlodge8546 I googled the average price of an ICE car vs the average price of an EV.
@@johnminichielli8957 that data is skewed by a lot of premium EVs and fewer budget EVs, but budget EVs exist. Especially in the used market now
Gas stations are more convenient, but there is such thing as bad gas and bad gas can destroy your engine. I never heard of bad electricity.😂
Really? Is bad gas a common thing? To be honest I've never really heard of that.
Which you prefer if for taxi driver, is it EV can save more than petrol,
Is Hyundai Kona good for taxi earning
Yeah good question! I wonder if Hyundai has the reliability that would be enough for a Taxi.... we have a Hyundai and the engine died!! lol
@@TheSAHDLife,,,,😂 .. good and Sharp reply
The maths are a bit off.. well the values,.. u took long range m3 vs prius prime se… top trim se 50k..and tesla a bigger car’ with more space
Yeah I hear you... I was just sharing which one we would consider. We would probably only buy the Tesla long range... then for the Prius Prime, the SE is tempting because it gets the extra range. So it was more like which models were interesting to us, not base model vs base model kind of thing.
@@TheSAHDLife Don't bother with the long range; you don't need it. RWD is cheaper, you can charge the battery to 100% daily, and the battery is more durable.
@@anonymousfu Well, we live in a very hilly area and it rains a lot. AWD is nice to have but yeah, it costs a LOT more. Have to think more about that.
Warranty, in particular, is important.
Are there any of the car technologies you think has a better warranty than the others?
Man, what i hate to hear repeated all the time is that EVs wear tires quickly. Supposedly its because their higher weight and torque.
First, there is many heavy ICE vehicles on the road and they do not have issues with excessive tire wear.
Second, and more importantly, it is the DRIVERS who decide to drive fast and use full power.
Its like having a 400hp porsche or a corvette and giving it beans all the time. In such case, is anyone surprised the tires only last just 10000 miles?
Oh yeah, I hear that. I made the point in the video because I was unaware of the realization that since the cars are so much heavier, like you said, with additional performance (which is what Tesla's offer) they could chew through tires much more quickly. I had never considered that. Also like how I never realized that the faster you go, the more wind resistance you get which makes them much more inefficient at higher speeds. ICE motors are tuned to run most efficiently at a certain RPM (often 3,000rpm) which is why at highway speeds, they feel like they are using momentum to maintain or increase speed and don't get worse mileage at those speeds. In fact they get better mileage there. The opposite! Just interesting stuff is all. A tradeoff.
I think the comparison is not fair. There are EVs with similar prices to the Prius.
Well they are just some of the best in class for each technology so felt like it was a fine comparison. Plus with the rebates at the time (and the math over the years) they all cost similar amounts in the long run... and that's kind of the point of the video. Even though they don't seem like they cost the same up front, over the years tells a different story. There are still other factors to consider but still, there's a lot to think about and it's hard to make the right choice! We still haven't decided what to do. I think if you buy two cars, it's easy to have a hybrid for long trips and an EV for around town... but for 1 vehicle families like ours it's a much harder decision.
Ive heard about the tire thing already, that study however did not compare a ice tire with an ev tire however, and had an emphasis on reckless drivers
Yeah I don't think it's a reason to make or break a buying decision... It was just something I had never considered before about the weight and how that might affect tires.
I would love to have a Tesla If I could afford one as for the battery I am sure the future Solid state batteries will be able to replace current batteries.
I know, me too. I think they'll be dropping a new Model Y soon will be interesting to check out!
Can anyone share with me sources to check the specs of any electric vehicle,thank you in advance
I don't but just curious, are you hoping to find a website that breaks down specs of vehicles kind of thing?
Just got an ev6 and its incredible!
Wow beautiful! Love the look. Performance is fun too? :) Oh I'm jelly!!
@TheSAHDLife Test drive one! They are alot of fun! Lots of great rebates on them too!
@TheSAHDLife It feels really fun to drive to me! Puts you back in you seat! I have never driven anything like it! 😀
Road conditions, elevation and terrain affects range for EVs which contributes to range anxiety.
Thus Plug in Hybrid or
Hybrid is still more robust and reliable as compared to full EVs.
That's definitely something I wonder about. We still haven't committed to one yet... though I lean towards EV for us since we do 99% of our driving around town and could plug in every night.
In a perfect world we'd have a bigger hybrid for family trips and a small EV for scurrying around town.
Complicated indeed- Great video! How about considering used EV for practical use? The first owner is loosing lots of money- but for daily commutes used model 3 would do great. I live in Finland where there are basically no grants and incentives for that (and it is fine- why to pay for rich peoples toys from everyone's taxes which kind of kills the competition?). Right now used electric vehicles seem to be loosing value fast- but honestly typical 70kWh vehicle would offer quite a lot of city commuting even at a battery capacity bellow 80% with aged battery(as long as there is no fire risk increase etc.). For now used (almost 11year old) Opel Ampera (twin of Chevy Volt) does great for my family- driving mostly on electricity, so much cheaper and without most of emissions(clean grid) and without anxiety range(except there is the anxiety that ICE is starting after 60ish km😄)
That's a great point. Also in case anyone reads this, in BC Canada when you buy a used EV you don't have to pay PST when buying a used EV. So depending on what you buy that might save an extra few thousand.
How has the maintenance been on the Opel?
@@TheSAHDLife Ampera is great and reliable. At about 140kkm it still offers full 10.4kWh useful capacity (some 16kWh net battery, no indication of how much it degraded actually, previous owner clearly used more ICE). Other maintenance is pretty good- just oil changes as prompted. The main motivation was to have low emissions, not to visit gas stations often, and cheaper drives in total (satisfaction of EV). Works well enough even in winters that go frequently to -20C😄. Quite typical driving in and around the European city, and very occasionally road trips. Even this kind of sluggish EV is faster in 0-100km than most of the other cars around - especially that with common here stick shifts car it takes some "skills" to beat Ampera (oh the joy for EV enthusiast, but not cars enthusiast),😄😄
Time is money. I can't wait to keep it charge. If you calculate the cost of time, EV cost more. A plug in hybrid is my choice.
Yeah I hear you. It totally depends on your situation I suppose. We are lucky that we have a garage which has power and it would be convenient enough to just plug it in every night.... We don't use a lot of kilometers so we would never run it out. But the occasional trip maybe we would have some range anxiety but that's only a few times a year. But yeah a hybrid or plug-in hybrid offers that peace of mind which is nice.
Series hybrid for the win. I get as much efficiency as the very best electric car or better. I babied it to work and got 6.7mpkw. Model 3 gets 4-5mpkw. Series hybrids ARE electric cars but the gas engine is not connected to a drive train at all. The gas engine is a generator only. It’s lighter than a full EV and in gas mode gets 40+mpg. And on top of that it’s not slow and has instant torque because again its propulsion is electric. Tires aren’t an issue and the reliability of the car has proven to be fantastic. If you know what car I’m talking about or have one then you know exactly what I’m talking about.
That's awesome. How long have you had it for, I'm curious what the regular maintenance has been like?
@@TheSAHDLife I’ve had it for a year now. I’ve filled up the gas tank 2 times this summer and I’ve done 1 oil change. The gas tank only holds about 7 1/2 gallons. I get about 300miles on a tank of gas and the manufacturer suggests an oil change every 2 years! Best car I ever bought
@@TheSAHDLife also the gas tank is stainless steel so no worries about it rusting with little gas being used.
Good details video . But lots of research shows the 10yrs old tesla still have over 80% battery health and there is main reason cars cost more and it's performance. Those cars you are comparing has no close performance to tesla. Unlike this days you can buy audi s3 30k less than audi rs3 this 2 car have similar body and tech only main difference is engine and performance. There are some ev that cost 20 k with less performance and that will be decent comparison than tesla. All tesla model 3 run 0-100km in under 5 sec. Toyota prius is like 10 sec. So not close comparison and it's kind of misleading. Thanks
So, on researching this video I found that in Canada, the base model Tesla 3 does 0-60 in 6.1 seconds. The new Prius Primes do it in 6.6 seconds! They aren't quite the same but they are MUCH better than before which is why I consider it. But still... I hear what you are saying. And while a lot of older Tesla's have usable batteries, there are also a LOT of people who don't have that great long term experience. My friend has a 2018 and said all the doors are loose and the car doesn't feel tight like his 2018 Toyota 4runner. Just interesting. The new model 3s look sweet though and I want one!
Studies on EV battery replacement is down to 1%
Yeah?! Do you know how long of a period that accounts for? Like within the first year of ownership kind of thing or longer?
Saving more vs Having fun? Mazda
I have been waiting to see what Mazda is up to. The problem is, in Canada anyway, they ain't cheap. I've had a few Mazda's though and have always enjoyed them but they are the same price as more premium cars... tough call.
I think the Prius maintenance cost will much more than the Tesla in the next 10 years. Since Tesla have much more marketshare mean it easier to find the replacement part.
Interesting take! I mean the Prius should be pretty low maintenance I think it's one of the reasons it's the main Taxi car. But still, perhaps compared to Electrics, maybe it IS a lot. I just don't know!
The Prius is easier to find third party maintenance than an EV - the design is very troublefree. A Prius can last 20 years and still be worth repairing.
Be aware that many Prius owners interpret "low maintenance" to be "no maintenance" - have a used Prius checked out for engine sludge from having almost no oil changes. A depreciated cared for Prius can be very low cost to operate. Many DIY all their own Prius repairs as they don't randomly crap-out, a few issues are common after 250,000 miles and most are simple to repair.
The suitcase sized Prius battery swap isn't costly anymore to DIY - be aware a dealer could charge $5,000 to replace the battery, but a 3rd party shop is much less, or do it yourself - it's under the back seat and easily accessed. It's about as involved as replacing a drive on a laptop, just heavier
Im not a Prius fan, especially given their prices, but Teslas have awful parts availability. Its the primary reason Hertz sold most of its Tesla Fleet. Hertz repairs ans maintains their fleet, but Tesla struggled to provide adequate parts in a timely manner or even tech support.
Btw you guys are probably from the US right, because the EV battery is expensive there compared to China.
@MrBlackhen I'm in Canada but a lot of my audience is US... Same same
ICE cars bought today will worth close to nothing in 10 years, buy what you like today and enjoy it!
Yeah that is a topic worth considering for sure. I think gas will be around for awhile but I know what you mean. We still aren't sure what we'd buy if we bought one right now. We've kind of gone full circle!
A flaw in your logic about PEV is they use the same battery tech as a EV. The PEV batteries will have the same life as the batteries in the EV. Certainly cheaper to replace but they won’t last longer
It's definitely not perfect logic that's for sure! What would you buy right now for/around 40-50k?
nice content keep up 🌹🌹
Really appreciate the support! Thanks 👊
I have been driving EV's for 11 years now. Never had a problem with the tyres. I live in Australia, but looking in the US, there are amazing EV plans to be had for charging - florida has a company offering $38 a month flat fee (they install the charger and is a lock in 10 year contract). So don't think "current electricity" charges is your best bet, look for an EV plan local to you, you may be suppressed.
For me, we have an EV plan with free electricity between 11:00am and 2:00pm, and after midnight to 6:00am it's only 8c. I have 13.2kw of solar with a feed-in-tariff of 8c (so charging at night simply cancels out the Feed-in-tariff). Price of petrol is currently hovering around $2 per liter in Australia (that is about $7.57 per gallon). Given I drive an average of about about 100km a day (60 miles), I save we'll over $5,000 every year when compared to something like a Mazda CX5. I should add, in 11 years, I have only charged 5 times at a charging station, and i only actually needed to do it 2 times as I wanted to try them (even then i could have charged at my destination with a slow charger if i wanted to and never used an external charging station, but I wanted to save time). Every other time it has been at home - for free. I am well aware solar power in the US is stupidly expensive to install, so an EV plan may be your best option.
As for resale value in 10 years for the car, it will still have a value, and the actual joy of not having to waste time at a petrol station is priceless. If you are worried about returns on an EV in 10 years, what about an ICE in 10 years with the EV's of the future? There is a risk there too. If this is really a concern, in the US a lot of people lease their car to prevent this issue.
For us, insurance is the same between an EV and an ICE. For the charger, I used the charger i got with the car for the first 9 years (it was slow, but I charged whilst i slept). I finally got an 11kw charger for free when I bought my GV60 Performance.
Am I happy with my choice? I will never go back to an ICE. My partner now drives my old BMW i3, and she has said the same thing. In short, very happy.
Good luck with your car choice.
Thanks for watching and great comment! I do like how you brought up the fact that ICE cars might not be in such demand in 10 years+ since the technology WILL be changing fast and people will continue to move farther away from using gas.
It's great to hear from people like you chime in who have lots of experience with EV. I'm getting excited about the thought! Now if we can make the numbers work. We've been a single car family for years and it sure keeps costs down not having that second vehicle. But it's really annoying every once in awhile when we need one. How much to spend is the tough question for us for only needing a 2nd vehicle sporadically. Now we're a little older too we feel a little more... deserving a decent/reliable/newer vehicle, you know?
@@TheSAHDLife Given the prices of EV's second hand are quite low, this may be a good way to step into the market (given it will be a second car). In this regard, Tesla's are in abundance. My old BMW i3 2015 model was purchased 2nd hand for $43,000 (AU), with only 12,000km on the clock back in 2017. I dove it for 6 years, saving the $4 to 5,000 per year. It's resale value is about $25,000, so calculating the savings, I'm actually still ahead and i got to drive a great little car in that time. The depreciation was very high to start with, but seems to have tapered off a bit. At the end of the day, it's still a car, it's still works very well, and it is going to be next to free to run.
Good luck with you choice, I don't think you can actually go wrong.
@@xiaowei1 Thanks! So many factors to really consider right? Paying more upfront doesn't mean you're wasting/spending more in the long run though it often feels like it at the time because of the sticker price.
I bet that was nice having that little i3 during that time. Those were cool!
Where abouts in Australia? - I'm moving to Australia towards the end of the year (either Sydney or Gold Coast), do you not find the long distances make an EV range less practical there? - has that been an issue with longer road trips at all?
@@DigiDriftZone I live in Brisbane, near the gold coast (k0km away) and regularly go down there. The ranges on EV's these days are almost non issue. If you want to drive from the Gold Coast to Sydney which is about 1000km away, then of course it will be an issue and you'd be recharging along the way. I am probably bias, but i think the Gold Coast is nicer and cheaper than Sydney to live, but if you like built up areas, (the bigger city feel) then Sydney may be the better option. Both will have a lot of urban environments. the gold coast has by far the better beaches and warmer weather. Welcome to OZ!
You forgot to mention maintenance cost of hybrid and cost of repair
Honestly since I haven't owned one I truly don't know. It sounds like they all need regular maintenance for brakes/wheels etc...
Hi i am Aubrey’s brother the Aubrey from kindergarten good luck hope one day you get 1 million subscribers
Hey man, I remember you! Really appreciate your support 👊 Hope you guys are doing awesome!
It isn’t annoying to go to a gas station. What would be annoying is waiting 45+ minutes to charge your car on a road trip.
Definitely. I'd rather charge at home than go to gas stations personally though.
Thanks for dramatically lightening the load for my car research. 😁
👊 it's so fun talking about this stuff. But it's not an easy decision, especially now. Hopefully it helped. Any idea what you'd get next?!
@@TheSAHDLife Probably a RAV4 PHEV for all the same reasons as you. buying myself a couple of years as I don't want to buy it new though.
One other thing is the difference in insurance cost for an electric vs gas.
Yeah you know I heard that, so I called my insurance company to ask and the numbers weren't that different. Maybe it's come down over the years?
Yea I called mine just a week ago and I have AAA and they wanted $5k a year for a Tesla Model Y and $2100 for a Toyota Grand Highlander. I’m guessing it depends on the insurance company and I’m almost 40 so it is not age.
@@iamgladiator Do you own the Grand Highlander? That's pretty high on our list of vehicles we'd love to own though it's a bit pricey. If you have it are you happy with it? Would recommend?
@@TheSAHDLifeI was in line to get one then they went on a stop sale for the airbag issue and earliest they will be back in production is late August 2024 and my family and I needed a car now so we went with the Toyota Sienna and really like it a lot. Gas mileage is great and is really comfortable and roomy even for myself who is 6’4”
BYD Sealion 6 ... breaks the rules
I keep seeing things about the Seal/Sealion... those look sweet! Hopefully they come to Canada soon.
Smartest choice, in my opinion, is to lease a hybrid for three years, let someone else take on depreciation and then upgrade to newer solid-state tech!
Another equation is the law. In the EU, they have decided fossil fuled cars will be prohibited to produce in 2035, thats just little over 10 years from now
That's true, I see a lot of car companies talking about that. But I can't see the oil industry drying up anytime soon. So many boomers are finally starting to buy Hybrids, you can't even get them around here (Canada). It really feels like we are at like early Blu-Ray vs HD DVD days where we are all just betting which techs will win but I honestly have no clue which one will. I mean obviously like you said, ICE engines will cease but will EV be the only thing left or will something else rise up?
A basic hybrid is the present day winner 🥇 🏆
Yeah you know it really does seem like the least risky option, especially for a ONE vehicle family like ours.
…
I will wait for the solid state battery car 👍🏽 (right now using Prius)
Are you happy with the Prius? Do you have any regrets getting it?
@@TheSAHDLife very happy :) my previous was a 2010, and my current is another 2010 because I had to move
Just buy whatever you want to drive and enjoy driving.
Well I would love a Tesla but it's still a little pricey unfortunately. Hopefully one day!
Looking for BYD DM-I,full charge and full tan can run 2100KM. CHEAP price!!!😅😅😅
😆 exactly! Is that too much to ask??😂
I struggled with this video in some places other comments seemed ok. I would have liked to know your life experiences to understand your experience with the cars you drive.
Tyres I see has been talked about in the chat.
Solid State has already been partially surpassed by some new batteries. The reason to wait for new batteries didnt seem to have any reason why. People choose ICE cars with less range already. The gap is closing to fill up vs charge speed like seems a weekly occurance.
The total cost missed servicing. I think this was also pointed out.
The EV battery comment was a bit short sighted. Secondhand batteries are on the market cheaper already. Just dont buy a Tesla. You might also get an extended range new battery. Your fuel calculations you could save that extra money to cover your new battery and still be up.
Tesla and the way they build their cars adds to insurance costs. The EV we have is the same as an equivilent car.
I have an MG4 EV, a Ford Ranger diesel and a Subaru impreza. The MG4 is used all the time because it costs us nothing or maybe $3 a month with home charging with over 400km range. The subaru is driven a lot of the time because it is easier to park. The Ford Ranger is only used to move our canoes, drag a tailer and if the other 2 cars are being used. We have 4 drivers. We want to replace one of the ICE cars with something and it will never be another fuel driven car. Just waiting for something we like and then decide who gets replaced.
The EV with its ability to know how much it will cost to fill without the need to keep comparing prices.
Im sorry. The video got more annoying for me at the 13 minute mark.
I somewhat enjoyed the video and trying to do crystal ball in 10 years it will be good to have a video in 10 years time.
I could write more ut I want to watch another video :D
Yeah I hear you... It's tough to make a short succinct video without droning on about each part. I would have loved to have shared more about my experience but.... Anyway it sounds like you have a good grasp on what you need and have vehicles to compliment your lifestyle without going overboard. We need that second car so it's a bit of a harder decision than I thought. Still not 100% sure on what to do. Tempting to buy a $5,000 beater for running the kids to gymnastics and picking up groceries... But we're a little older now too so it'd be nice to have something a little more reliable.
@@TheSAHDLife I prefer longer videos with context and research. I am getting tired of clicking on videos with people who never had an EV longer than a month and now are experts.Video where they have 1 bad charging experince or didnt like the steering wheel with the square button.
Your video did explain your thoughts which was really well done. I just needed more. :)
Look forward to the 10 year video to see how your future ideas went.
If you think about it, you aren't saving that much time/money on maintaining the gasoline engine if you have a hybrid/phev. Has anyone actually looked at the maintenance schedules for Toyota's hybrid systems? They're dirt cheap to maintain and run. Oil changes every 10k miles, engine air filter every 30k, spark plugs at 120k, Hybrid/inverter coolant drain/fill at 100k, then 50k miles thereafter. The rest of the maintenance items are similar/common between EV/s PHEVs, ac filter, 12v battery, brakes, coolant, ac refrigerant recharge as necessary, and tires. My money is on the Toyota outlasting the EVs in usability for long term ownership. Is reliability and convenience (of a Hybrid/PHEV) more important than fun is the question you must answer and accept the financial consequences of going either way.
Yeah I came away with a similar conclusion in the video. The tricky part for us is, sure an EV would be the perfect 2nd vehicle... but we can get away with having 1 vehicle for the family. And that's where it's hard to pull the trigger on the EV as maybe we do want to do epic road trips down the road. Sure EV's can do them, it's just a different vibe. Maybe it's just fine but it's still a bit of a mystery for us at this point.
@@TheSAHDLife The hesitation that you feel to pull the trigger on having 1 EV as the primary vehicle is exactly Akio Toyoda's argument more than a decade ago, there's a difference between realistic vs idealistic and they are in conflict. Sure it's good to aim for pure EVs, nothing wrong with that, but given the cost to produce EVs and infrastructure constraints, it's hard to argue for the masses to adopt EVs as their primary vehicle. That's why Akio argued that instead of using a big battery to produce 1 EV, produce 6 plug-ins and 90 hybrids instead (1:6:90 rule for Toyota, you can look it up) - that is the practical and realistic approach and that makes vehicles more affordable for the masses as well as reduce gasoline usage to reduce CO2 emissions. I think it's taken a few years but people I feel are starting to wake up to reality.
Dont forget you are paying 0$ for tesla maintenance
But every 3 4 months your are paying big amount for oil change and maintenance for others cars
Thats what makes the big difference and not even mentioning lower tesla insurance and safety
Oil charges/servicing IS annoying! You said lower Tesla insurance but everyone says that the insurance is higher? I have heard great thing about the safety ratings though.
@@TheSAHDLife my friend had 2023 model 3 sold it got a camry xse now paying 170 CAD more per month just cz he removed 25% tesla discount