I’m still trying to figure out who’s paying $6K a year for car insurance on a ford escape? That’s wild! And who’s actually paying $4K a year for a Camry? That’s ridiculous!
This floored me, I've been driving a ford gt mustang 2004 for the last 10 years (bought with cash), insurance 480$ full coverage for 6 months. I'm never going to go past 2010 models for a while.
I am here to learn about the hidden cost of owning an EV. Then they lost me when they started by comparing the Model X with Camry. It is hard for me to believe there is no bias in this video.
Starting price on Model X = $68,590 starting price on a Ford Escape Plug-in Hybrid = $40,500. Yeah, insurance is going to be higher on the car that costs almost $30,000 more! Great job 8 News Now.
That's how insurance works. They HAVE to make money. If they don't make money they don't have money to pay claims. They are literally in the business of always making more than they have to pay out.
As someone who doesn't live in Las Vegas, I just gotta say, WTF?? about those insurance premiums. That's the most significant hidden cost right there. There are other, cheaper, non-desert places to live where insurance is lower than a car payment.
This is the reason people don’t trust the news. A model X cost $90,000 to purchase. The Toyotas and Fords are economy cars and will cost $45,000 Max. Model X are in the same price range of Porsche or Audi’s. Check a comparison to those cars insurance rates.
I drove a lady to a repair shop she bought a brand new Tesla and she's already said she's selling it a bunch of cars piled up at the Tesla service center in line to get new parts she said there's a back order on parts she may have to wait 3 months the hell with that she said
@@dobermanguy9437 I just don’t understand this info going around. I have 1 service center in my city it was easy to get in and I had to have a major part replaced once and it was a quality issue the part stilll worked fine they had the part in stock. Also lost the center cap for one of my wheels once called had that in stock too and picked it up 20 mins after hanging up. People do you own research cause a lot of falsehoods are out. And there are TONS of Tesla’s driving around in the major metropolitan area I live in.
When I checked the Model 3 against the new Prius it was still nearly twice the cost. At multiple insurance companies. One of my engineers got a deer with his rivian. It took 5 months to fix and cost $27,000.
I'm a Tesla owner. I've heard that insurance can be more expensive. I haven't compared the cost of my premiums lately. But they seem reasonable. This report is sounding like they started out with a conclusion, and then went out to try to prove it. Unfortunately, they clearly had a tough time doing that. Otherwise, why would they compare insurance costs on a Tesla Model X to a Ford Escape's insurance cost?!! Those 2 vehicles are no where near the same class. The Model X is Tesla's most expensive vehicle. It's loaded with performance and tech. The Ford Escape is a basic family hauler. It's a fine car, but easily a couple tiers lower by any measure. That's a bogus comparison. Even the next model down from the Model X, the Model Y, is a step up from the Ford Escape. Ridiculous! They sprinkled in a few honest tidbits. Yes. Tires wear more quickly. And yes, having your kid drive a used truck will bring down your insurance costs as long as it isn't a Ford Raptor. Bad reporting guys. The information you're imparting is flawed... and seems to be done so on purpose.
When I first bought my car back in 2018, I did compare. It was no more expensive than anything else I was looking at. Honda Accord Hybrid, Camry Hybrid, etc. I currently pay $934 per year in Central Ohio for my Model 3. Also, would you compare a Ford Escape to any luxury brand SUV? Is that a fair comparison? What would you say is comparable to a Tesla Model X? @@onemotherpucker
You're better than me in that you actually watched the whole video. Once I saw the dishonest comparisons they were doing, I immediately stopped the video. I only got half way through. I pay $87/month for my Tesla Model YLR. This was a hit piece.
The video completely lost me when it started comparing a Tesla vs a Ford or Camry. All these claims depends on so many variables. Which state you are living in. How far you commute or how often you drive. Do you own a home or are you completely reliant on the supercharger networks. I own a Tesla model 3 2023 and believe me it’s still been waaaaayyy cheaper than the Nissan rogue I used to own. Insurance where I live is $183 per month. My Nissan rogue was at $147 so honestly it really wasn’t that big of a difference in the end.
Seeiously, comparing a Tesla to an old inki dinki truck he would let his high school son drive. That’s then only way they can prove that teslas are bad lol
@@Chad_Max as I’ve told friends and family asking, I’m not a blind Tesla fan and definitely know that true luxury cars like say Lexus, Mercedes and BMW are higher up there in quality, Tesla is above Nissans and Toyotas Hondas etc in the general opinion but in mine I wouldn’t compare my model 3 to some Mercedes for example. However this video is definitely not comparing it fairly that’s for sure
Collision repair bills for any modern vehicles, especially electric vehicles, is outrageous. I work at a collision repair shop and I see $20k repairs for minor accidents every day
This, I have a Tesla Model 3 and I absolutely love the car and EVs as a whole, but I despise these bullshit repair bills for body work or any work due to collisions.
This is thanks the safety standard that all cars must now past. There are crumple zones in all cars, ICE or EVs. These zones fold in a collision to absorb the impact. This prevents the passengers body's from having to absorb this force. I would much rather get a new car or have a major car repair than break my leg, arm, hip, etc.
@@JBoy340a I agree, but EVs in particular are well known for costly repairs than their gas counterparts. Part of it is that production costs are very high for now until further innovation is made and the lack of parts in general or access to repair shops. Tesla in particular is worse than them all, since they are very well known for requiring a specialized service, limiting the number of body shops, and having a large delay in obtaining parts for a repair.
I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk
Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
A good number of people discredit the effectiveness of financial advisors, but over the past 10years I've had a an advisor consistently restructure and diversify my portfolio/expenses and I've made over $3million in gains... might not be a lot but i find myself secure financially
Samuel Peter Descovich is the analyst that helps me. He has a large following and is easily found online. He has extensive understanding as I have made so much since following him.
@@nahma233 just my state, it is 3000 for a nissian versa. In my state no matter who is at fault your insurance pays first then they have to get money back from the insurance at fault. Because of this they charge way more.
It's mostly for their inflated ego and to virtue signal they're "environmentally" conscientious, not even knowing how big and more dangerous of a polluter lithium batteries are for the Earth in the long term.
My friend got a tesla model 3... her insurance with same coverage thru tesla insurance is the same price as was her 2014 bmw 3 series car. This reporting is absolutely made to scare people away from evs.
lol you are comparing the cost of insurance between cars with vastly different prices. No kidding the more expensive car is going to cost more to insure. If you look up the price to insure a $300k lambo it will be even higher
The government for one thing. They say we have to switch to electric cars to save the world 7 states have outlawed the sale of new fuel powered vehicles starting in 2035. Norway is 2025 and England is 2030. This is a first world world wide push. They ignore boats, lawn equipment, planes, jets, cargo ships, space X rockets, power sports, construction equipment and racing. But they are serious about making us switch over, GM says they won't make fuel powered cars after 2030 for example. @@PelosiStockPortfolio
lol that is pretty much what the rental people told my parents when they rented a tesla to visit my wife and I. crazy part was, it was the cheapest opinion. My dad and I went to go charge it, took 45 mins from 20-80 % took us another 20 mins to figure out how to get the charge to 100%, who TF has time for that BS?
@@Rheisler1475 AND there's the rub. The recommendation is to charge at 20% and it's "quick" to get to 80% using a super charger, meaning 40 minutes, but takes hours to get to 100% so in essence only 60% of the battery is useful meaning that whatever range the car maker quotes take 40% off that value.
@@Rheisler1475yeah, it's pretty hard to figure things out when you're stupid whose fault is that that you don't know how to operate that vehicle. Weirdo
Oh and the last part about most people won't qualify for the tax credit. $300,000 for married couples filing jointly $225,000 for heads of households $150,000 for all other filers Median household income in Las Vegas is around $61k so I think many people will qualify.
@@hopperbopper The $7500 is a point of sale rebate now (which means that if you and the car you're buying qualify, the $7500 will be taken directly off the price of the car.
A household making only 60k jointly should not be buying a Tesla 😂. Even will all the tax credits you should not be buying a car that’s more than 50% of your pre tax income 🤣
So we’re going to compare $100,000 Tesla model X versus a $30,000 Camry…. And we’re shocked that it’s more expensive to insure? At least do model 3 versus Camry then, At least, both of those are sedans, and both of those are somewhat reasonably priced . The gap would be far smaller, obviously
Right?? Even my model 3, which is the price of a Camry, i pay 98$ a month for full coverage thru Tesla Insurance. But that wont engage clicks though, im sure.
So do you think that it could be because if he can’t afford to own more than one, Tesla, that those other so-called hidden costs, don’t really matter. In other words, he can afford it, I mean, wouldn’t it be like asking Elon Musk if he can afford to buy a Tesla?
I am 58 years old and have been insured with USAA for over 30 years. I just inputted a 2024 Tesla S for full coverage and the 6 month premium would be $931. I have a 2018 BMW M5 that I purchased new and last year my premium decreased from just over $800 every 6 months to $608 every 6 months for full coverage. Coverage is for San Diego County. The prices channel 8 is quoting seem out of line unless vehicle insurance in Las Vegas is that high.
it's not. in Brooklyn New York, it costs $750 to insure (monthly) a 2022 corvette base model for a 50 year old guy with no accident history. total scam price
I pay $87/month to insure my Tesla Model YLR. I don't care if you live in downtown Beirut, nobody is paying $7k a year to insure a Tesla. This is a hit piece. They want to bash Tesla and came to a conclusion first, then made up numbers to back up their phony story.
Those are insane insurance prices. I have 2 expeditions with 100k/300k full coverage and it is 1800 a year for both combined. Something feels fishy here with those quotes.
It's very significantly different from state to state. It costs me roughly $500 per month for a 2023 BMW 228i and 2004 350z in LA. California (and Vegas as well) has a lot of uninsured drivers and thus that part of the bill is incredibly high. Living standard is also very high so repair shops cost more. Car culture is also more of a thing, so more accidents and drunk drivers. My most recent call to my Allstate agent asking about price matching other companies' quotes resulted in them telling me that the race between insurance companies is who can raise their rates faster b/c they're all losing money here and want to get out if they can't get approved for more rate hikes ASAP by the gov't. It's a sad state right now with inflation and illegal immigration. The world is completely upside down.
@@kennethko1534 So basically it is no more expensive to insure an EV than it is to insure any other vehicle of the same class? And still the article is BS.
Those numbers are a crazy. Even for a normal gas car. I'm 27/Male and have a 2020 Modely Y(bought new) and when I was initially shopping around for full coverage insurance(when I was 24). I was given quotes between 120-250$ a month. I went with 120$ a month and i'd imagine i'm not in the greatest bracket for pricing giving my gender/age.
You can get a 50cc scooter with 120mpg (equal to many EVs) for under $5k and insurance, registrations, & fees costs les than $100/year. your EV is keeping you poor.
@@kevinmanan1304ah yes that just what we need a freaking scooter that exposes us to the elements and we’ll risk life and limb because the only protection we’ll have is a helmet. I’ll gladly spend more for more comfort and protection on the road.
@@xtrey19x just priorities bro. You get a shiny new EV car and I get the decision to retire at 55. At least your car is fully insured for the month for the same amount amount I spend a year
@@kevinmanan1304 I also have savings and investments. Make sure you keep paying that mortgage every month because I need my REIT dividend payouts on time 😉. Furthermore, I also plan to retire before 60 and not riding that scooter on the highway will increase my odds of actually making it to that age.
@@zlonewolf I still don't get how it could be that high. My 25k car new is $100 a month full coverage in San Francisco, which has very high insurance rates. Even extrapolating, that should be now more than $400 a month. And this video does a terrible job showing electric cars being more to insure, given they compares a $100k tesla to a $30k ford... And the 30k ford was still $6400 a year... So I'd say there numbers show the tesla is cheaper.
@@Neojhun I live in Iowa and have full coverage on my Tesla Model Y. It's $120/mo and I'm male, 31 years old so still considered "high risk" even with a clean record. There is a small chance that the MSM could be lying via cherry picking because Tesla doesn't advertise and makes money selling EVs and Ford and GM provide about 20% of all their funding with ads and lose money every time they sell an EV. Just this month Toyota recalled 1.8 million vehicles for faulty fuel injection systems making cars die on the highway. Tesla did an over the air software update that made the car nag you more often. Guess which one got all the headlines?
Didn't need it. Ford commercial played on the mid-roll and I'm sure GM commercial played for those who watched it on TV. Tesla doesn't pay the protection fees for this MSM racket.
The human condition is such that when we make a bad decision we; 1. Live with it. 2. Justify why it wasn't too bad 3. Ignore the negatives 4. Take up drinking
I’m 25 male and own a Model Y 22 and Model 3 23 and combined I pay $308 a month for both. That’s with a recent 96 in a 45 speeding ticket. Before it was $160, no way they are actually trying to sell those fake numbers for insurance lol
Just ask ev owners in the UK how much thier insurance renewal has gone up ? One ev owner his insurance bill was 435 pounds last year This year its over 4,000 pounds to insure the same ev Alot of insurance companies in the UK are refusing to insure evs and Hybrids Just ask Herz the vehicle hire company how much thier fleet of almost 200,000 evs and Hybrids are worth after 2 years In the second hand ev market?
Wow, in Finland, where I live, I insure my Model S for 1200€/year, and that's with everything covered, like glass repair. 1200€/year is considered very expensive for insurance around here.
Insurance in Las Vegas is extremely high because people are allowed to purchase alcohol 24/7, consume it anywhere, and there are a ton of DUIs …that’s what that little comment about “and in this town, you’re gonna have some damage” was about How do I know? Was actually planning on moving there recently cuz a lot of other cost of living things are cheaper there
0:57 “now even though this real world person totally disproved the exact point we’re trying to make, we still need to finish this news video so we sat down with someone who will tell us exactly what we want to hear”
We have a Bolt EUV. Our insurance went DOWN because of a multi car discount. Our electric bill went down because we charge during off peak hours on an EV rate plan. We have a gas car but save $100-200 on gas each month (depending on driving habits that month) by driving my EV part time. Is it a luxury car? Not at all. Does it have fantastic range? 249 miles to a charge. It charges slowly, but we also just drive it (like most Americans drive) to and from work, the store etc
What the EV fan boys and girls, don’t want you to know…. EVs are extremely expensive to own and operate. First, a new base model Tesla Y will cost you $44,000.00 Floor mats, Tesla’s don’t come with floor mats Then… in Georgia… TVAT - $3080.00 Tag and Title - $38.00 EV fee - $210.00 Insurance - most people are stating (if they can acquire insurance) it’s running $3000.00 a year or greater. Your going to need a charger You will need an electrical circuit 240V - at least 60 amps - allows your Tesla to charge at 44 mi range/hr. Most people will consume about 60-70 miles each day, requiring a 2 hour recharge each night. The trick here is to not need your vehicle, everything you will need for the evening, will need to be acquired prior to charging your car. average cost to install a 60amp/240V circuit and charger $2500.00. You can’t install a private charger in a duplex or apartment and are restricted in some townhomes. If you go to a public charging station, your cost to charge are going to be 0.35 to 0.55 cents per Kw/hr. For the fast charge. The model Y has an 81Kw/hr battery. A 50% charge 40Kw at 0.40 = $16, a 75% charge 61Kw at 0.40 = 24.5 and a 95% charge 77kw at 0.40 = $31 A full charge wait will be about 45min unless it’s winter, then it will take twice as long. Filling up your Camry 13 gal at $2.59/gal = $33.67 (and it takes less than 7 min) Tires last about 15k to 20k miles, due to vehicle weight 4555 lbs (2.5 tons), compare that to a Camry at 3500lbs, where your tires last 40k to 50k miles. The Tesla tires will need replacement 2 to 2.5 times more often than the Camry. Then there is winter operation, where in most Northern states, it can cut you range by 50% or more, which doubles your charging costs. Historically, the Model Y new batteries with some failing as early as 60k miles, the battery has a 120k (8yr) warranty. After that point, a new battery is around $30k-$35k installed. Remanufactured batteries are running about $20k plus installed. Just so your gleaming eyes don’t fool your pocketbook, later, after the honeymoon has expired.
A simple fact is that the cost of repair is not due to the fact that it is an electric vehicle, it’s due to the mindset of the companies making the vehicle who simply want them to be more difficult and expensive to repair, so that people come to the OEM to repair, or if that option is to expensive comparatively, to pressure the consumers to buy a new car; either of these options clearly grow their bottom line, one way which this is clear is something you guys said in this video, many shops are unable to work on teslas, this isn’t because they don’t have the expertise to fix cars, it’s because Tesla tries to use software to make the cars unfixable by anyone but them.
I have a Mazda cx5 2019 and pay $180 a month for insurance with State farm. My friend just got Model Y 2023 and he pays $130 monthly through Tesla. We are about the same age, have relatively similar coverage, the only difference is he lives in a less “accident risky“ area, however his car is worth more than mine. To summarize, he actually pays less insurance than me. Just my personal experience.
Just buy Toyota hybrid , you don’t have to do anything, it charges its self, no plug, and you still save on gas. The only problem you have to change that battery after 5-10 yrs for $5k
Hybrid batteries last longer than that. I HAD A 2011 KIA HYBRID, DROVE IT 11 YEARS 160 THOUSAND MILES, NEVER HAD ANY PROBLEMS. KIA IS INFERIOR TO TOYOTA BY A COUNTRY MILE.
How can they compare insurance rates between a $75,000 car, and a $30,000 car? Of course the Tesla will be much more expensive to insure than a Ford Escape.
@@Neojhun don’t think one can put too much stock in these numbers. I have an EV that cost around the same as a Tesla, and my insurance is about $2200 a year.
Comparing a Model X to a Ford Escape and then not explaining why the collision is 3x as much. Seriously what kind of journalism is this? The tires on almost any luxury EV are always going to wear out fast because they're low profile and built for looks and performance instead of road comfort and longevity. Put some "ugly" 18" tire with huge 65 sidewalls on your Model Y or Mach E (as long as the calipers clear) and you'll get 40K miles on them. You run Cup 2s and wonder why they're gone in 5K miles. The only real hidden cost is lengthy repair times and that will only improve as the models become more mainstream. This is a definite problem for ride share people. Toyota will always have engine mounts for a Camry hybrid in stock. Getting mounts for an X7 might take up to a month to come in from Germany.
There is no "journalism" anymore, it's "news." Different. Also, it's not news, it's 24/7 propaganda. Go to youtube if you want to know anything about anything, because you'll never get the truth from the so-called News.
“In this town, you’re gonna have some damage.” That’s a bold claim to assume every car is going to be damaged. They’re basing this on the guarantee that you’re going to get into an accident.
I’ve lived in the Bay Area California for many years and have never had a significant damage accident on four wheels because I am a pretty defensive driver. Two wheels is a slightly different story 😅.
I used to drive a Prius hybrid and after going all electric with me in a Ioniq 5, my insurance dropped about $65 every 4 months which is about $15 in savings per month. I'm so glad I went with an electric car, I hope other people's insurance would get lowered too.
Did you guys just compare insurance cost of a 100K vehicle to a 30K vehicles? Hahahaha. Fuel alone will cost an extra 2K a year and what about oil changes, tune ups, brakes, transmission flush, coolant change, fuel filters, smog checks, O2 sensors? I agree there might be a hidden cost on insurance but it’s not as much as you reported. You need to compare 100K cars with other 100K cars. Try BMW X7. What’s the insurance on that thing? Also what about all the hidden costs of ‘ICE’ vehicles like the items I mentioned? Not great reporting here. Btw, I drive a gas guzzling 4x4 SUV. Maintenance is much higher compared to wife’s Tesla. Insurance is only slightly better.
@@davidwade7681 400k miles is the average life cycle of a Tesla battery. That said, the $35,000 LFP Tesla Model 3 has never had a battery failure and 1 of them is up to 700,000 miles. In theory it should last about 1.3 million miles. 6000 cycles multiplied by 270 miles range with a degradation factor of .85. How long will your engine last?
I just went from a Mazda 3 to a Hyundai Ioniq 6 and my insurance only went up about $200 per year. Sure tires need slightly quicker replacement, but that’s way more than offset by not having oil changes or gasoline. There are a lot of fears out there about electric cars. As an owner, I can tell you they’re nearly all either misleading or completely unfounded.
The original Ioniq 5 uses low conductivity coolant which cost $3,000.00 every 3rd year ... kinda exceeds the savings from oil changes. You are lucky Hyundai changed the design.
I heard you refer to Teslas as luxury vehicles. What would you say about Teslas make them luxury vehicles compared to vehicles from Audi, Mercedes or even Acura?
I’m paying $1,400/year for insurance (Model 3 Performance). I pay $100-$150/month for Supercharging, compared to $1,000-$1,500/month for filling up premium gas for my previous ICE car. I save like $11,000 per year! I’ll save even more when I can charge at home a few months from now 👍
If you're paying the high insurance rates they're quoting in this video it's because you've never shopped around. Insurance companies just love those kind of people, year in and year out.
Not in the UK they're not. EV insurance figures are literally rocketing. One guy on the edge of London had his premium go from £990 pa to £2300. Of course he went to shop around and was not even offered a quote at three mainstream insurance companies.
This is hilareous. I seems someone in the Channel 8 sales department said that Tesla was cutting into their revenue because they don't sell through dealers that advertise on Channel 8. And they made the news guys discredit Tesla specifically and EV ownership (which do not need services) in general.
This is horrible reporting. While an EV may cost more than a ICE car, you cant compare an $80k Model X to a $30-40K escape. My Model Y was a bit more than expected, but moving from a MB CLA to a Genesis GV60 lowered my insurance! Maybe the real story is Tesla has higher insurance.
I’ve had my 2014 BMW i3 ELECTRIC car for 9 years…..no issues, no problems. The range isn’t the best, but it’s PERFECT for the city (I have another vehicle for long trips). The BMW has been GREAT!! (Zero gas stations). I just traded it in after NINE YEARS for a new, electric Genesis GV60 with a 10 year/ 100,000 mile warranty. 🥂👍
That's the best use case for EVs: around town runabouts when you have another car when you need more capability. EVs aren't a one-size-fits-all solution for many if not most people. There's nothing wrong with buying an EV if you want to but it shouldn't be forced.
@@mason5540 ……My i3 was a 2014, what do you expect, 350 mile range?!? The 120 miles was PERFECT for my daily commute, and errands around town. The solar panels on my roof charged it wonderfully for 9 years. …..GET A LIFE. 🤷🏼♂️🥂
I leased one myself and I know for sure you are lying about your solar panels charging it wonderfully @@eddieg6436and also about 120 mile range. real world more like 100
Innovative cars for their time for sure, pricey but well engineered. Shame BMW kind of drifted away from this electrification approach or they would probably be market leaders by now.
None of this is about EVs exclusively and instead is about how new and very expensive cars are newer and more expensive than older and cheaper cars, so they are more expensive than cheaper cars to buy, repair, and insure. WOW.
Your tesla car alone is your life insurance. I've been watching a lot of tesla crashed videos, and trust me those crash are brutal especially it's aftermath yet all owners where surprisingly survived.
I'm in Vega and a Tesla owner. Problem with Teslas is insurance cost is higher and registration cost in NV is insane. Only few body shop are certified to work on them. EV adoption has long away to go. Tesla needs to let independent shop work on their cars. But I love my MYP
@@ianrobertson3419 just google it. Lucid, rivian, and oh my tesla has been in an accident only repairable by only handful of bodyshops in entire city of Las Vegas. My wife works with accident lawyers
Рік тому+9
I’m in Ontario, Canada. We are paying CAD $200/month to insure our 2018 Tesla Model 3. Two drivers, no accident. I think it’s very reasonable.
@@edwardlacika3022 Bullym Ed, you cannot insure a Forte for $40/m in ON! $120 for a 10 year old forte on a perfect driving record is a good price here.
I'm in Ontario as well. $200 p/m is $2400 p/y. My 5 year old SUV is $130 p/m or $1560 p/y to insure. Don't stop at insurance costs when you have lease or finance payments on top of your insurance payments. Unkess you own your car outright, I'd bet you're in the range of $800 per month, or more.
So you got an opinion from two people. One from an insurance company who’s business name rhymes with a streaming music service. You mix in information about “dealerships” not wanting to stock them or service them while showing Tesla chargers with their logo prominently displayed and then claim there is only one Tesla service center in Las Vegas. Nice reporting. Stick to alien UFO stories.
The tires wear down quick as well. Do to the car being fast and fun to launch, as well as being 4420 pounds. You will go thrrogh tires a lot faster than normal cars.
What a bunch of absurd nonsense. Not many people afford those $70,000 plus high performance EVs. Attainable price BEV witch around 200hp to 330hp and weighs around 3900lbs or less do not have those tire problems. Your comparison is not relevant to normal cars, 550hp plus high performance BEVs are limited ownership extreme vehicles. Your comment is an insane rumour.
this is true about the tires, but its not a normal car Bubba. My Model Y Performance does 0-60 in less than 4 seconds. If I had a Porsche or Corvette that I drive as hard as the MYP it would go through the same amount of tires. Now my 2014 Jeep Grand Cherokee , its had the same All Terrain tires for the last 60K miles and weighs just as much just for comparison sakes.
@@GunnyMac360mans bought a model y for performance 😂😂 Teslas look so dull and boring man like wtf? Yall dont even have a HUD OR GAUGE CLUSTERS 😮 What a boring ass view to look at everyday. A single bulky ugly steering wheel with tesla etched in and not even a metal badge on it.A single iPad. Sure does look like the "future" in their 😂 doesn't seem like ur experiencing a luxury sports car or a luxury car. Luxury sports car give u carbon fiber around the car, carbon bucket seats or luxury seats,HUD, full self driving and auto park, buttons that feel good to press not having to scroll and take ur eyes off the road, higher grade material sport steering wheel that feels cool too have ur hands on, and a unique dashboard across the front. U can make it feel like ur in pure luxury or a luxury sports car. Tesla is neither its just so blah. I'm mindblown thats ur entire dashboard still. Won't even get into the plain jane "egg"like look of the model Y😂 not aggresive or mean looking at all. Shit turning no heads looks like basic traffic 💀
They seriously just compared an $80k base price car to a $30k car and talked about how insurance prices were drastically different. Do they realize how insurance works and what it’s for?
I'm 50, I got quotes from Flo of $2,400 for the 3p and $2,200 for the Y new in 2023. 50/100/50 full. Did this guy quote his high school son for a new $100k rocket?
On my last trip from Tampa to Atlanta and back (950 miles) I did about 17 hours of active driving and 2 hours total for charging. Of course, while it charged I grabbed food, coffee, bathroom break etc... Yes, it is different than doing the trip in a gas car, there is no denying that fact. It works for me, though.
If… and that’s a big word… you can access rapid charging stations, the EV would add about 2.5 - 3 hours to an 800 mile trip (determined by a you tube video of a Tesla driven from DC to Florida, charged 5 times during the trip (Tesla indicates rapid charging will reduce your battery life). If, you have to wait to access a rapid charger, the the time increases. If you are forced to use a slower charger, it will add hours to your trip. If you drive 200 miles and can only find a working 240V charger, it’s going to take 7-8 hours to charge your battery. On an 800 mile trip you will have to do this 3 times, 3 X 7 = 21 hrs, and again after you arrive another 7 hrs, 28 hours total. …. If your lucky, you will be able to find 3 working rapid 440V chargers, 3 X 40 min (2hr) plus one 240V charge 7hr for a total of 9hrs waiting for the battery to charge, IF there is no one in line ahead of you… just to achieve an 800 mile trip. … In reality however, it’s more likely you will wind up 1- waiting inline about 45 min to access a 440V charger of which you will find 2 working. 2- you will have to use 2 240v chargers, and you will have to wait for those. Your trip time will increase by about 17-20 hours.
@@tjhessmon4327 How many road trips have you done in an EV? I've done 10 road trips in the year I've had my Model 3 for a total of about 6,000 miles. The longest trip was 1,100 miles. I have never had to wait to charge at a Supercharger, although I have to agree that it would be very inconvenient if that did happen. Only as a very last resort would I attempt to charge using 240V charger. Works great for overnight charging in my garage, but impractical for road tripping. I wanted to buy the Mustang Mach E instead of a Tesla, but there were none on dealership lots in 2022. Glad I went with Tesla instead. The reliability of the Supercharger network makes it great for longer trips. I have no experience with non-Tesla chargers and have heard other charging networks can be a nightmare to use. One major negative, in my experience, is destination charging. Most hotels do not have a charger, so I've sometimes had to sit at supercharger for 20 or 30 minutes before arriving at the hotel so I would have enough "juice" the next morning. This doesn't get talked about enough.
Emergencies Power outages, old batteries, exploding old batteries not filling up how they're supposed to the classic problem with batteries. When they get old, it takes more to charge though and it's still unreliable.
had a 2017 Model S in Sweden Stockholm I payed 1450 sek 150 USD / year for liability insurance. The Full insurance was 1200 usd / year. I sold it because it was to expensive insurance 😂 also many repairs. The older Model s are a disaster for repairs. I have a new 2023 BMW 530e and it's about half the price of a Tesla for insurance insurance. The Teslas are more expensive to repair and insure for sure.
There is a gear reduction box that needs maintenance, oil and a filter replacement. Some also have final drive box more oil . Much people don't know that. They listen salesman that just trying to make a sell
not if you get USAA or Tesla insurance, in nevada, they are the 2 cheapest. youre welcome, no thanks to the news media that didnt bother to check out all options. teslas are not that much heavier than a comparable gas car. i have 11k on my tires and they are still 90% tread life on them. while they may have SOME less life, its not that significant. Also, as for cost, to replace the tires with the same exact ones delivered new on the vehicle are about $280 (michelins), a cheaper model $249 for 18 inch tires....to compare, my previous vehicle tire replacements were also about $245 and those were 17 inch. like ANY car, how YOU DRIVE IT will determine how long things will last. the other tire myth here is the 20 inch wheel options will wear out faster, but so do most cars with 20 inch or bigger tires and are often warrantied less. most cars that have 20 inch tires are heavy luxury cars, that have a similar weight to a tesla thus will act the same on said vehicles. AWD vehicles (which many teslas are) typically wear tires faster. this is for EV or Gas cars. weights are approximate and can vary based on options, however no 2 vehicles will be exactly but just to compare how similar they are....well...here. tesla model S is about 4800 pounds. 2 competitors would be a Mercedes S class, which is 4800-5300 pounds, and a BMW 7 series is also about 4800 pounds. the model 3 is about 4100 pounds, and a bmw 5 series is similar the model X and BMW X7 SUV are also very similar in weight Good job media, you totally dropped the ball on your lack of research on this one. EVEN IF tires wore out 25% faster, say 30k miles vs say 50k miles if you really push your tires limits you are basically adding 1 more tire change over 90-100k miles. if we assume all in with taxes and BS government fees, $300 per tire thats $1200x3=3600 vs $2400 over 100k miles or a $1200 difference. assuming oil changes every 5000 miles at $80 per oil change thats $1600 in oil changes, and about $200 in engine air filters, and $500 for a transmission service, and about $600-1000 for a brake pad and rotor change in a gas car, which none of these will apply in an EV. (brakes rarely need replacing in an EV, and hybrid cars can easily go 100k without brakes being changed.) If we add those all up thats about $2700-3300 in the most basic of services that MUST be done on all vehicles. if you are truly that dumb and change oil every 10k, then $800 in oil changes less. still, more cost than MAYBE one extra set of tires.
nope, i researched before i bought one, and expected the tire wear as described, however i am not seeing excessive tire wear one bit. the only accurate thing is insurance, but thats not for everyone. @@OsceolaNola7
@@OsceolaNola7 actually most Tesla and EV owners know these facts, even if they didn't know day one what they were getting into. But these costs become very apparent if you own a gas vehicle at the same time, not having to change oil every 3-5K miles alone is worth the money and time involved.
Look for the 2016 Nissan Leaf that cost as low as 6,000, in Arizona or UTAH or SoCal, it's worth it to buy there and ship it back here to Las Vegas, which screws consumers in way above average car prices because our nearest large car shopping markets are 3 plus hours away,
@@flolou8496 the Nissan has cvt transmission. I had a Sentra new with cvt and 78000 miles tranny went out. Trade in got 7000 and bought the doeolla I should have got in the first place. The leaf has same horrible range as fiat 500e. At least fiat I reliable and good looking.
This report is lying. They compared Tesla's most expensive model to fords low end suv. There is a 3x price gap. Get a Model 3 Standard range. A used one will only set you back 25k and you still get $4000 EV tax credit. Considering my Model Y has saved me $2000 in gas and has had no issues, I'd say Tesla all the way. Also every car is switching to the NACS connector next year, so unless you want to fumble around with adapters for the next 10 years, probably go with Tesla.
@@flolou8496 an old leaf is an ok second car, but the range degradation, and complete lack of fast charging is a real concern with as little range as the had to begin with. In Vegas I say leaf is a good option, but I in Iowa... It gets cold, and there are only 3 Chademo chargers in the state. There are 17 super charger stations with 8-12 stalls each here. Old Tesla's are too close in price for a leaf here.
We tested one of these little electric go karts a couple of years ago and it was a fantastic little car. The only issue for us was it was little. Good Luck!
Don’t forget states are raising the license plate registration fees to many times over an internal combustion engine vehicle because EV’s don’t pay any fuel taxes. Fuel taxes are used to build and maintain streets, roads, highways and bridges. Additionally with automakers cutting the range of EV’s to reduce sticker prices there is a lot of places an ev owner cannot drive to outside of metropolitan area and they won’t be able to do so for decades to come. Additionally EV range is dramatically cut in cold weather and if the battery charge is below a certain amount the heater and ac cease to function. EV’s might be ok in cities but they are not usable in urban and rural areas and have severe limitations on long distance travel. A Ford executive recently tried to travel across the country in his ev f150 and had to curtail his travel plans because of charging station availability and functionality. Lastly my cousin purchased a Tesla and he was told by his insurance company that he could not park it his attached garage because of fire hazards and if he did so and it caught fire he was not covered for damage to his home and his car.
I’ve been charging my model Y at home and I can tell the car to charge during only non-peak times. The difference in my bill is indiscernible. Then subtract what the equivalent for gasoline would be…no contest.
I've done all the math. The charging is a fraction of the cost of gas. The numbers here are high, but the pattern is correct. It's the insurance and tires that kill the savings. You can find my breakdown search Prius v Tesla Milton.
Germany introduced a monthly commuters ticket for all regional public transport (train, bus, subway) that is valid in the entire country for roughly 50$/month. A measurement to support people after covid and the war in Ukraine. Initially I thought about getting an EV but after this government measurement I decided to sell my car and switch to public transport completely. Now i spend 50$/month on transportation. Before - when I owned a car - it was several 100$/month.
well, the public transportation in the US is an expensive and unreliable system. It only makes sense in bigger cities the risks you take in places like NYC is not worth it.
Lot of misinformation in this hit piece there's a lot of electronics in gas vehicles too he says "bells and whistles" because he has nothing else to add. Insurance is comparable to gas cars. Insurance guy compares a Tesla to an older car, apples are better than oranges. Incorrect vague info about Federal incentives. Tires - EVS are faster and better so they can wear out tires faster, you don't have to drive fast though if that's important to you
This is why whenever I find interest in something for the 1st time, I always check multiple sources of information and then make my own decision on whether or not to proceed.
Probably, the happy Tesla owners aren’t worried about the upkeep costs is because they own a business and could write the costs off as a business expense.🤔
I love my Rivian and I loved my Tesla. You could not pay me enough money to go back to a gas car. Sure, insurance is a tad higher and if you're far from home, charging can be a little bit more difficult, but 95% of the time when you're cruising around your town and charging up at night, the driving experience is way better, there's virtually no maintenance, it's soooooo much faster than a gas car. Gas cars feel barbaric to drive in comparison. Heck, when I travel I only rent EVs through Hertz now because going back to gas feels so sluggish and primitive. As with all new tech, there is going to be a higher initial cost, but over time things will normalize as adoption of EVs continues to climb. Do you seriously think gas cars were cheap to maintain back in the 1910s when most people were still riding horses? Of course not. Industries take time to evolve, but you really would have to be a fool to buy a gas car if you can find a comparable EV. Nowadays you can get a used Tesla Model 3 for less than the cost of a new gas car, so it's really a no-brainer unless you are super rich and love paying for volatile gas prices, oil changes, Johnson rod repairs, etc.
the amount of BS you just spewed to justify wasting money and time on EV lmao. enjoy your 50% range loss in sub 20f temps. a used tesla is by far the worst car you could ever buy...
the listed mileage per full charge on a new tesla is inflated, they do not go as far as you led to believe, takes around an hour to fully charge at a roadside charging station, they are not finished improving them
What a bunch of absurd nonsense. Tesla have such huge range vast majority of the time it charged on Level 2 AC power. Because vast majority of people rare ever drive 250 miles in one day. On those days where you drive less than 250 miles, plugging in to charge overnight takes 30 SECONDs of your time. Level 2 AC power is also Cheap because it require no fancy high powered equipment just a glorified safety switch for a dryer plug. It's still 1.5x cheaper than gas OR Cheaper depending on the region. Your lies do not match reality.
no one, i repeat, no one charges to 100% on their car at a supercharger station. Using your onboard GPS it tells you exactly when and where to charge, and for how long. And yes they do go the estimated mileage per charge...if you do what the EPA states, drive 55 or under the speed limit, on a flat road with no AC, mild temperature, just like gas cars and their "inflated" MPG rating.
I drive a model y currently and have had 6 Tesla’s (none in accidents wanted to try different versions/ranges). My current rate (through Tesla) is $130/mo. I did have progressive and geico and liberty (to try the rates out, Tesla Insurance was just the better choice). I don’t pay for maintenance, only for tires (and yes they do use up quicker) but I think it’s worth it, especially how cheap charging is. I charge at home mostly. And if you need any thing replaced (like a normal car) it’s about the same or less but Tesla does wonders for me. I love the mobile Tesla service and much more. For me at least I enjoy everything and haven’t had any minor or major issues with my Tesla or insurance coverage.
EVs DO definitely require regular maintenance inspections. Tesla lies on their website about this. EVs need their tires rotated every 8,000 miles, the tires need to be inspected because the excessive weight (about 30% higher), which wear tires out about 25% faster. Suspension system components also need to be inspected as well as the drive battery. Also, because the mechanical braking system is used far less than gas cars, the braking systems need to be inspected for corrosion due to significantly lower regular use.
I had no idea how expensive caR insurance was in the States. Here in Australia my standard range model 3 highland cost $1400 AUD a year for full comprehensive cover.
I know same here. 4 years ago I was in Las Vegas NV energy meeting and tried to bring that up and the host of the meeting didnt' think the registration was high at all.
The reason why EV's are so expensive to insure, is simply because even a fender bender can be enough to completely total the car because it damages the battery pack. The battery packs on EV's are ridiculously expensive.
@@BrownBomber92181 repairing battery packs is also an overblown argument. If the Tesla is under warranty (8 years/120K Miles) it gets repaired at no cost. If out of warranty, 3rd party garages can repair or replace the individual cells at a fraction of the cost. From what I have researched this is typically in the $2-4K range. Any gas vehicle over 8 years and 120K miles to replace an engine would be similar.
Not to mention the hidden cost of pollution in extracting, transporting, refining, and transporting again the fuel to burn in those ICEs (not to mention the mining cost of the cobalt punt into those fuels as an additive)
@@johnn17golf Not to mention the costs of the mining and transport of materials used in the constriction of lithium batteries, and the cost of the mining and transport of materials used to generate the power to charge EVs. You can't make an omelette without breaking eggs.
@@daleviker5884 You know most lithium comes from brine, right? However, you do have a point. After all, gasoline for your car just appears at the pump, no extraction, refining, transportation, additives, etc at all. Pure magic.
@@johnn17golf I know a lot of lithium comes from brine, though I'm from Australia which is all about hard rock extraction. But I'm not sure what your point is. Petrol doesn't magically appear at the pump, and electric current doesn't magically appear at the charging point. You and the OP seem to imply that only oil requires a manufacturing and transport process.
I’m still trying to figure out who’s paying $6K a year for car insurance on a ford escape? That’s wild! And who’s actually paying $4K a year for a Camry? That’s ridiculous!
Right?? I’m paying about $1700 a year for my Camry and I’m in Cali lol
yeah lmao I pay double rates becuase im under 20 and I still only pay like 4k/y for my civic
No clue. I'm paying $130 a month for my Tesla, full coverage, plus some. So this whole report seems fake AF.
Yes, this looks to be an anti-electric vehicle video. Probably they inflated some numbers.
This floored me, I've been driving a ford gt mustang 2004 for the last 10 years (bought with cash), insurance 480$ full coverage for 6 months.
I'm never going to go past 2010 models for a while.
I am here to learn about the hidden cost of owning an EV. Then they lost me when they started by comparing the Model X with Camry. It is hard for me to believe there is no bias in this video.
Exactly. Comparing insurance costs of a $100K vehicle to a $40K vehicle is dishonest at best.
Don’t say EV , say Tesla that is the only EV that matters. Unless you don’t have an iPhone lol.
They also compared a teen owning a Tesla to an "old truck". lmao.
Yes wtf! Like saying ooh, a Mercedes G wagon is more expensive to ensure than a VW Golf.. well duh!
I was just about to write this same comment. A Camry isn't even close to the same class as a Model X.
$7k for 12 months insurance? What?! My friend owns a Tesla and only pays $1400/year. Not sure who’s doing the math here.
Same here, i own a Tesla and my basic plan is $1200 per year, i believe the old profesor from the video is a Tesla hater
I pay 150 a month for my Tesla performance
Paying $1300 per year for the Model X, I was only paying $900 when I was primary for the Model 3. This is in CA.
Just checked. Same here. Tesla Model 3 - older driver with a good record. $1200 for the year in Ohio. @@edpz5190
Sounds like some sort of agenda here. I don’t pay anywhere near this for insurance for my wife and I.
Stupid video. Tesla offers their own insurance which is much cheaper than traditional car insurance companies. That’s what I use.
Comparing an $80k Model X to a $30k Ford Escape? LOL give this man the Pulitzer Prize.
that price for a ford escape seems triple normal price
So glad you called that out
I wonder why the Escape has such high liability? Is it lack of visibility for the driver?
easy to steal @@BoltRM
@@THEBLACKMANISGOD82 ahh then joyriders crash it into something else
Starting price on Model X = $68,590 starting price on a Ford Escape Plug-in Hybrid = $40,500. Yeah, insurance is going to be higher on the car that costs almost $30,000 more! Great job 8 News Now.
Good catch, I bet you they even specs out the model x to $120,000 and the escape to the min. Obviously this is paid for FUD by the auto union
@@dothework73 No big oil, Auto unions produce EVs too.
Yeah, comparing a luxury SUV to an economy sedan isn't quite apples to apples
Democrats, right?
Cult like belief in evs.
I was hoping more people weren't fooled by that. How are they going to compare insurance costs of a vehicle that's 2 and 3 times more expensive
Name me a time when insurance companies reported a loss for the year.
No doubt, they even fund sport stadiums and all that expensive advertising. It’s a business
That's how insurance works. They HAVE to make money. If they don't make money they don't have money to pay claims. They are literally in the business of always making more than they have to pay out.
they got lot of goverment bail outs before.
They should be more regulated. No more expensive ads and wasteful race boats. It's completely unnecessary!
Self insure.
As someone who doesn't live in Las Vegas, I just gotta say, WTF?? about those insurance premiums. That's the most significant hidden cost right there. There are other, cheaper, non-desert places to live where insurance is lower than a car payment.
Guess that’s the price you pay if you want no state income tax 😂
This is the reason people don’t trust the news. A model X cost $90,000 to purchase. The Toyotas and Fords are economy cars and will cost $45,000 Max. Model X are in the same price range of Porsche or Audi’s. Check a comparison to those cars insurance rates.
Are you comparing Tesla to audis and Porsche 😮😮😮. 😅😅😅
@@TheForwardThinkeryep my Audi A4 blew a cylinder head and turbo. Two issues I don’t have to worry about on my model 3.
@@ju4121 why not? faster, more reliable, less TCO, better resale value
Exactly
You got a point, but the fact remains it costs more to insure an electric vehicle due to repair and replacement costs.
Comparing the insurance rates for a 100k car vs a 30k car is CRAZY lol. Also, there are two Tesla shops in Las Vegas. Who is doing these reports? 😅
The TV stations sales department. The sell commercial time to car and manufactures dealers. But, Tesla does NOT advertise.
We did it Joe😂!
I drove a lady to a repair shop she bought a brand new Tesla and she's already said she's selling it a bunch of cars piled up at the Tesla service center in line to get new parts she said there's a back order on parts she may have to wait 3 months the hell with that she said
@@dobermanguy9437 I just don’t understand this info going around. I have 1 service center in my city it was easy to get in and I had to have a major part replaced once and it was a quality issue the part stilll worked fine they had the part in stock. Also lost the center cap for one of my wheels once called had that in stock too and picked it up 20 mins after hanging up. People do you own research cause a lot of falsehoods are out. And there are TONS of Tesla’s driving around in the major metropolitan area I live in.
The fossil fuel industry
Did they really just compare the insurance bill on a 100k car to a 30k 😆? Why not use similarly priced cars
LOL! That’s what I said too! Horrible reporting.
Because they wouldn't have a video
I'm not sure their point, maybe that the fans tell you tesla is mainstream?
When I checked the Model 3 against the new Prius it was still nearly twice the cost. At multiple insurance companies. One of my engineers got a deer with his rivian. It took 5 months to fix and cost $27,000.
model 3 is 30k, model Y plus tax credit and discount is also 30k+
Submission and stupidity have real consequences.
I'm a Tesla owner. I've heard that insurance can be more expensive. I haven't compared the cost of my premiums lately. But they seem reasonable. This report is sounding like they started out with a conclusion, and then went out to try to prove it. Unfortunately, they clearly had a tough time doing that. Otherwise, why would they compare insurance costs on a Tesla Model X to a Ford Escape's insurance cost?!! Those 2 vehicles are no where near the same class. The Model X is Tesla's most expensive vehicle. It's loaded with performance and tech. The Ford Escape is a basic family hauler. It's a fine car, but easily a couple tiers lower by any measure. That's a bogus comparison. Even the next model down from the Model X, the Model Y, is a step up from the Ford Escape. Ridiculous! They sprinkled in a few honest tidbits. Yes. Tires wear more quickly. And yes, having your kid drive a used truck will bring down your insurance costs as long as it isn't a Ford Raptor. Bad reporting guys. The information you're imparting is flawed... and seems to be done so on purpose.
It’s like when people compare Glock to Sig Sauer. Gotcha! Tesla luxury is better than a ford soccer mom car; jus as Sig is better than Glock by miles.
Soo...you haven't looked at the numbers, but you know better?
SMFH
When I first bought my car back in 2018, I did compare. It was no more expensive than anything else I was looking at. Honda Accord Hybrid, Camry Hybrid, etc. I currently pay $934 per year in Central Ohio for my Model 3. Also, would you compare a Ford Escape to any luxury brand SUV? Is that a fair comparison? What would you say is comparable to a Tesla Model X? @@onemotherpucker
shouldn’t they compare it to at least an Edge or the Lincoln equivalent?
You're better than me in that you actually watched the whole video. Once I saw the dishonest comparisons they were doing, I immediately stopped the video. I only got half way through. I pay $87/month for my Tesla Model YLR. This was a hit piece.
The video completely lost me when it started comparing a Tesla vs a Ford or Camry. All these claims depends on so many variables. Which state you are living in. How far you commute or how often you drive. Do you own a home or are you completely reliant on the supercharger networks. I own a Tesla model 3 2023 and believe me it’s still been waaaaayyy cheaper than the Nissan rogue I used to own. Insurance where I live is $183 per month. My Nissan rogue was at $147 so honestly it really wasn’t that big of a difference in the end.
Seeiously, comparing a Tesla to an old inki dinki truck he would let his high school son drive. That’s then only way they can prove that teslas are bad lol
The quote is for the same person and place just different cars.
exactly !!
@@Chad_Max as I’ve told friends and family asking, I’m not a blind Tesla fan and definitely know that true luxury cars like say Lexus, Mercedes and BMW are higher up there in quality, Tesla is above Nissans and Toyotas Hondas etc in the general opinion but in mine I wouldn’t compare my model 3 to some Mercedes for example. However this video is definitely not comparing it fairly that’s for sure
Same here. This was definitely a job to destroy Elon Musk. Second report I am now seeing in as many days on h9w expensive it is to own a Tesla.
Collision repair bills for any modern vehicles, especially electric vehicles, is outrageous. I work at a collision repair shop and I see $20k repairs for minor accidents every day
This, I have a Tesla Model 3 and I absolutely love the car and EVs as a whole, but I despise these bullshit repair bills for body work or any work due to collisions.
This is thanks the safety standard that all cars must now past. There are crumple zones in all cars, ICE or EVs. These zones fold in a collision to absorb the impact. This prevents the passengers body's from having to absorb this force. I would much rather get a new car or have a major car repair than break my leg, arm, hip, etc.
@@JBoy340a I agree, but EVs in particular are well known for costly repairs than their gas counterparts. Part of it is that production costs are very high for now until further innovation is made and the lack of parts in general or access to repair shops. Tesla in particular is worse than them all, since they are very well known for requiring a specialized service, limiting the number of body shops, and having a large delay in obtaining parts for a repair.
K but it’s MUCH worse if the vehicle is electric.
There was a Hyundai EV that was scratched in Canada, the repair bill was $40,000!
They won’t mention that because the narrative they’re paid to push is “electric car bad”
I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk
Best thing you can do to derisk is diversify.
Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
A good number of people discredit the effectiveness of financial advisors, but over the past 10years I've had a an advisor consistently restructure and diversify my portfolio/expenses and I've made over $3million in gains... might not be a lot but i find myself secure financially
Samuel Peter Descovich is the analyst that helps me. He has a large following and is easily found online.
He has extensive understanding as I have made so much since following him.
What is bro yapping about
I’ve had a Nissan Leaf for two years.
I’ve spent $150 on maintenance total.
My insurance is been $1k per year.
Sadly my instance is 4k per year for Chevy bolt. Some states insurance just may more expensive for no reason.
Who is the provider?
@@richardmenz3257 you're being ripped off or something else is up. I pay approximately 1400 per year for my bolt
I have a Tesla Model YLR. 2023. I pay $87 a month to insure it. I don't know anyone spending $7k a year to insure a Tesla.
@@nahma233 just my state, it is 3000 for a nissian versa. In my state no matter who is at fault your insurance pays first then they have to get money back from the insurance at fault. Because of this they charge way more.
What kind of driver pays $5000 annually for liability??? They probably shouldn't be driving.
When I just got here in 2016, I was classified a new driver and my annual insurance on a $4000 car was $5600.
Today I pay $1500 annually for a 50k SUV
An idiot. I have my 2015 tundra and my wife 2023 model y for 180 premium in costco car insurance
It's mostly for their inflated ego and to virtue signal they're "environmentally" conscientious, not even knowing how big and more dangerous of a polluter lithium batteries are for the Earth in the long term.
People that live in Las Vegas. And most of the people here shouldn't be driving, but they mess it up for the ones that are decent.
My friend got a tesla model 3... her insurance with same coverage thru tesla insurance is the same price as was her 2014 bmw 3 series car. This reporting is absolutely made to scare people away from evs.
lol you are comparing the cost of insurance between cars with vastly different prices. No kidding the more expensive car is going to cost more to insure. If you look up the price to insure a $300k lambo it will be even higher
yeah but no one is telling us we need to go buy a Lambo.
@@Clearanceman2 Who is telling you to buy anything?
The government for one thing. They say we have to switch to electric cars to save the world 7 states have outlawed the sale of new fuel powered vehicles starting in 2035. Norway is 2025 and England is 2030. This is a first world world wide push. They ignore boats, lawn equipment, planes, jets, cargo ships, space X rockets, power sports, construction equipment and racing. But they are serious about making us switch over, GM says they won't make fuel powered cars after 2030 for example. @@PelosiStockPortfolio
Pelosi is @@PelosiStockPortfolio
"Glorified golf cart". Well that's a vote of confidence 😂
lol that is pretty much what the rental people told my parents when they rented a tesla to visit my wife and I. crazy part was, it was the cheapest opinion. My dad and I went to go charge it, took 45 mins from 20-80 % took us another 20 mins to figure out how to get the charge to 100%, who TF has time for that BS?
people who wants to save gas money @@Rheisler1475
@@Rheisler1475
AND there's the rub. The recommendation is to charge at 20% and it's "quick" to get to 80% using a super charger, meaning 40 minutes, but takes hours to get to 100% so in essence only 60% of the battery is useful meaning that whatever range the car maker quotes take 40% off that value.
@@Rheisler1475yeah, it's pretty hard to figure things out when you're stupid whose fault is that that you don't know how to operate that vehicle. Weirdo
And yet he's passionate about it. It appears @1776GalacticXRP has slow on uptake with humor.
Oh and the last part about most people won't qualify for the tax credit.
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
Median household income in Las Vegas is around $61k so I think many people will qualify.
@@hopperbopper The $7500 is a point of sale rebate now (which means that if you and the car you're buying qualify, the $7500 will be taken directly off the price of the car.
It’s almost like being car rich and house poor…just saying.
@@hopperbopper it just went into effect on January 1. They are thirsty for our money 😂😭😅😭
A household making only 60k jointly should not be buying a Tesla 😂. Even will all the tax credits you should not be buying a car that’s more than 50% of your pre tax income 🤣
Shouldn't be any gov subsidies period. If they were so great they should sell themselves
Those insurance prices are insane for normal cars and the teslas.
Yeah, that's crazy amount of money for insurance
@@emotionalolThat doesn't mean the insurance price isn't insane. What a driver can afford has no correlation.
Those insurance prices are not on regular vehicles , they are only for EVs. Listen to what they're talking about. god some people are so stupid.
@@lookingthroughice7843 The comparison cars (Camry, Altima, and Escape) are all ICEs... you were saying?
My model Y is insured by Tesla, 86.00 a month.
So we’re going to compare $100,000 Tesla model X versus a $30,000 Camry….
And we’re shocked that it’s more expensive to insure?
At least do model 3 versus Camry then,
At least, both of those are sedans, and both of those are somewhat reasonably priced .
The gap would be far smaller, obviously
Right?? Even my model 3, which is the price of a Camry, i pay 98$ a month for full coverage thru Tesla Insurance. But that wont engage clicks though, im sure.
Is it true the battery will cost about $20,000 to replace should it ever get wet from water splash on the road?@@IMAPOTATOZ
but that would not make headlines if they are fair... they need to spin it to make it so that the bias is correct.
I came here for this lol. They took one of the most expensive cars and compared it to a freaking Camry.
I switched from a honda accord to a volkswagen id4 . I saved 41 cents on my insurance 😊
Why didn't you ask the Tesla fan about
insurance & the cost of tires?
Tires?
*Probably* (/s) less than the cost of "mandatory Franchise Dealer servicing" required to maintain the warranty of an ICE car?
@@rogerstarkey5390 , ok, that too.
So do you think that it could be because if he can’t afford to own more than one, Tesla, that those other so-called hidden costs, don’t really matter. In other words, he can afford it, I mean, wouldn’t it be like asking Elon Musk if he can afford to buy a Tesla?
I am 58 years old and have been insured with USAA for over 30 years. I just inputted a 2024 Tesla S for full coverage and the 6 month premium would be $931. I have a 2018 BMW M5 that I purchased new and last year my premium decreased from just over $800 every 6 months to $608 every 6 months for full coverage. Coverage is for San Diego County. The prices channel 8 is quoting seem out of line unless vehicle insurance in Las Vegas is that high.
I pay 1200 dollars a year for comprehensive insurance on my Performance MY and only have a 500 dollar deductible.
I copied you to compare the 2024 Tesla. $2,974.26 for 6 months. Assuming it’s not a loan / lease & I drive 12,000 a year & 1 car on policy
it's not. in Brooklyn New York, it costs $750 to insure (monthly) a 2022 corvette base model for a 50 year old guy with no accident history. total scam price
I pay $87/month to insure my Tesla Model YLR. I don't care if you live in downtown Beirut, nobody is paying $7k a year to insure a Tesla. This is a hit piece. They want to bash Tesla and came to a conclusion first, then made up numbers to back up their phony story.
@@MiddleAgedMikethat’s a great deal. If you live in a large metro city, it would be double that.
Those are insane insurance prices. I have 2 expeditions with 100k/300k full coverage and it is 1800 a year for both combined. Something feels fishy here with those quotes.
That’s a great deal. With who?
@@AA_BB_CC_D just geico nothing special.
Do you live in Las Vegas? Auto insurance rates vary greatly state to state.
It's very significantly different from state to state. It costs me roughly $500 per month for a 2023 BMW 228i and 2004 350z in LA. California (and Vegas as well) has a lot of uninsured drivers and thus that part of the bill is incredibly high. Living standard is also very high so repair shops cost more. Car culture is also more of a thing, so more accidents and drunk drivers.
My most recent call to my Allstate agent asking about price matching other companies' quotes resulted in them telling me that the race between insurance companies is who can raise their rates faster b/c they're all losing money here and want to get out if they can't get approved for more rate hikes ASAP by the gov't. It's a sad state right now with inflation and illegal immigration. The world is completely upside down.
@@kennethko1534 So basically it is no more expensive to insure an EV than it is to insure any other vehicle of the same class? And still the article is BS.
did big oil make y'all do this video?
Underrated comment!
1:13 Director: “Ok, now zoom in on his old hands. Yeah, that’s nice.”
😂😂😂
thats bad producing, the entire story is crap and badley produced . inckudign the interview in that office bad bad lighting and camera work
Those numbers are a crazy. Even for a normal gas car.
I'm 27/Male and have a 2020 Modely Y(bought new) and when I was initially shopping around for full coverage insurance(when I was 24). I was given quotes between 120-250$ a month.
I went with 120$ a month and i'd imagine i'm not in the greatest bracket for pricing giving my gender/age.
You can get a 50cc scooter with 120mpg (equal to many EVs) for under $5k and insurance, registrations, & fees costs les than $100/year. your EV is keeping you poor.
@@kevinmanan1304ah yes that just what we need a freaking scooter that exposes us to the elements and we’ll risk life and limb because the only protection we’ll have is a helmet. I’ll gladly spend more for more comfort and protection on the road.
A few years older than you and my auto insurance cost about the same for my 2020 model 3.
@@xtrey19x just priorities bro. You get a shiny new EV car and I get the decision to retire at 55. At least your car is fully insured for the month for the same amount amount I spend a year
@@kevinmanan1304 I also have savings and investments. Make sure you keep paying that mortgage every month because I need my REIT dividend payouts on time 😉.
Furthermore, I also plan to retire before 60 and not riding that scooter on the highway will increase my odds of actually making it to that age.
Where the hell are people paying $7K per year for car insurance?
The Tesla is worth 100k so insurance is high. Plus its full coverage. $600/ mo on full coverage for a $100k car.
@@zlonewolf I still don't get how it could be that high. My 25k car new is $100 a month full coverage in San Francisco, which has very high insurance rates. Even extrapolating, that should be now more than $400 a month. And this video does a terrible job showing electric cars being more to insure, given they compares a $100k tesla to a $30k ford... And the 30k ford was still $6400 a year... So I'd say there numbers show the tesla is cheaper.
@@zlonewolf That FORD Escape cost about $38,000 new and the insurance was still $6,346. The reported numbers are insane. Your excuses make no sense.
@@Neojhun I live in Iowa and have full coverage on my Tesla Model Y. It's $120/mo and I'm male, 31 years old so still considered "high risk" even with a clean record. There is a small chance that the MSM could be lying via cherry picking because Tesla doesn't advertise and makes money selling EVs and Ford and GM provide about 20% of all their funding with ads and lose money every time they sell an EV.
Just this month Toyota recalled 1.8 million vehicles for faulty fuel injection systems making cars die on the highway. Tesla did an over the air software update that made the car nag you more often. Guess which one got all the headlines?
they aren't, it's propaganda
Oil company check has been cashed I see
Didn't need it. Ford commercial played on the mid-roll and I'm sure GM commercial played for those who watched it on TV.
Tesla doesn't pay the protection fees for this MSM racket.
lmao! Sponsered by Exxon. Btw, you know Exxon owns Lithium battery tech.
The human condition is such that when we make a bad decision we;
1. Live with it.
2. Justify why it wasn't too bad
3. Ignore the negatives
4. Take up drinking
Cost of insurance depends on cost of vechicle too Ford escape cost much less than Model Y. Better to comparare to BMW or mersedes
The insurance cost for that Gasoline $38,000 Ford Escape is insane. That's someone with a horrible driving record.
I’m 25 male and own a Model Y 22 and Model 3 23 and combined I pay $308 a month for both. That’s with a recent 96 in a 45 speeding ticket. Before it was $160, no way they are actually trying to sell those fake numbers for insurance lol
You’re fake.
Not bad. How much is each payment for the cars?
@@tomc8157 $308 a month is "not bad"? 😂 I pay $537 for 6 months
@@YachtsOnTheReg7 I don't care about that part, I was interested in the other half. I pay 50 a month for 2 cars.
What city ?
Interesting stuff indeed! My Tesla Model 3 insurance was $1,400 a year and original tires made it to 52,000 miles when I replaced them.
You must have a light foot. I cannot imagine a lead foot housewife driving one of these!
Just ask ev owners in the UK how much thier insurance renewal has gone up ?
One ev owner his insurance bill was 435 pounds last year
This year its over 4,000 pounds to insure the same ev
Alot of insurance companies in the UK are refusing to insure evs and Hybrids
Just ask Herz the vehicle hire company how much thier fleet of almost 200,000 evs and Hybrids are worth after 2 years
In the second hand ev market?
My Tesla tires didn't even make it to 10K then over 2k in repair cost, not to mention my insurance rates going up thousands of dollars.
doubt you own a Tesla
@@waynehewett4017 And your proof of this....?
Its not 400 miles. Its 200 and change. At $20 per full charge
Wow, in Finland, where I live, I insure my Model S for 1200€/year, and that's with everything covered, like glass repair. 1200€/year is considered very expensive for insurance around here.
Insurance in Las Vegas is extremely high because people are allowed to purchase alcohol 24/7, consume it anywhere, and there are a ton of DUIs …that’s what that little comment about “and in this town, you’re gonna have some damage” was about
How do I know? Was actually planning on moving there recently cuz a lot of other cost of living things are cheaper there
SAY hello to Kimi Raikonnen if you see him
0:57 “now even though this real world person totally disproved the exact point we’re trying to make, we still need to finish this news video so we sat down with someone who will tell us exactly what we want to hear”
We have a Bolt EUV. Our insurance went DOWN because of a multi car discount. Our electric bill went down because we charge during off peak hours on an EV rate plan. We have a gas car but save $100-200 on gas each month (depending on driving habits that month) by driving my EV part time. Is it a luxury car? Not at all. Does it have fantastic range? 249 miles to a charge. It charges slowly, but we also just drive it (like most Americans drive) to and from work, the store etc
What the EV fan boys and girls, don’t want you to know…. EVs are extremely expensive to own and operate.
First, a new base model Tesla Y will cost you $44,000.00
Floor mats, Tesla’s don’t come with floor mats
Then… in Georgia…
TVAT - $3080.00
Tag and Title - $38.00
EV fee - $210.00
Insurance - most people are stating (if they can acquire insurance) it’s running $3000.00 a year or greater.
Your going to need a charger
You will need an electrical circuit 240V - at least 60 amps - allows your Tesla to charge at 44 mi range/hr. Most people will consume about 60-70 miles each day, requiring a 2 hour recharge each night. The trick here is to not need your vehicle, everything you will need for the evening, will need to be acquired prior to charging your car. average cost to install a 60amp/240V circuit and charger $2500.00. You can’t install a private charger in a duplex or apartment and are restricted in some townhomes.
If you go to a public charging station, your cost to charge are going to be 0.35 to 0.55 cents per Kw/hr. For the fast charge. The model Y has an 81Kw/hr battery. A 50% charge 40Kw at 0.40 = $16, a 75% charge 61Kw at 0.40 = 24.5 and a 95% charge 77kw at 0.40 = $31 A full charge wait will be about 45min unless it’s winter, then it will take twice as long.
Filling up your Camry 13 gal at $2.59/gal = $33.67 (and it takes less than 7 min)
Tires last about 15k to 20k miles, due to vehicle weight 4555 lbs (2.5 tons), compare that to a Camry at 3500lbs, where your tires last 40k to 50k miles. The Tesla tires will need replacement 2 to 2.5 times more often than the Camry.
Then there is winter operation, where in most Northern states, it can cut you range by 50% or more, which doubles your charging costs.
Historically, the Model Y new batteries with some failing as early as 60k miles, the battery has a 120k (8yr) warranty. After that point, a new battery is around $30k-$35k installed. Remanufactured batteries are running about $20k plus installed.
Just so your gleaming eyes don’t fool your pocketbook, later, after the honeymoon has expired.
A simple fact is that the cost of repair is not due to the fact that it is an electric vehicle, it’s due to the mindset of the companies making the vehicle who simply want them to be more difficult and expensive to repair, so that people come to the OEM to repair, or if that option is to expensive comparatively, to pressure the consumers to buy a new car; either of these options clearly grow their bottom line, one way which this is clear is something you guys said in this video, many shops are unable to work on teslas, this isn’t because they don’t have the expertise to fix cars, it’s because Tesla tries to use software to make the cars unfixable by anyone but them.
You are absouletly right.
We sold ours because the cost of operation. Plus a huge hassle. Owned it for 5 months
What did you have?
I have a Mazda cx5 2019 and pay $180 a month for insurance with State farm. My friend just got Model Y 2023 and he pays $130 monthly through Tesla. We are about the same age, have relatively similar coverage, the only difference is he lives in a less “accident risky“ area, however his car is worth more than mine. To summarize, he actually pays less insurance than me. Just my personal experience.
Just buy Toyota hybrid , you don’t have to do anything, it charges its self, no plug, and you still save on gas. The only problem you have to change that battery after 5-10 yrs for $5k
Hybrid batteries last longer than that. I HAD A 2011 KIA HYBRID, DROVE IT 11 YEARS 160 THOUSAND MILES, NEVER HAD ANY PROBLEMS. KIA IS INFERIOR TO TOYOTA BY A COUNTRY MILE.
How can they compare insurance rates between a $75,000 car, and a $30,000 car? Of course the Tesla will be much more expensive to insure than a Ford Escape.
But the Ford Escape annual insurance still cost $6,436. That is some wild numbers.
@@Neojhun don’t think one can put too much stock in these numbers. I have an EV that cost around the same as a Tesla, and my insurance is about $2200 a year.
Comparing a Model X to a Ford Escape and then not explaining why the collision is 3x as much. Seriously what kind of journalism is this? The tires on almost any luxury EV are always going to wear out fast because they're low profile and built for looks and performance instead of road comfort and longevity. Put some "ugly" 18" tire with huge 65 sidewalls on your Model Y or Mach E (as long as the calipers clear) and you'll get 40K miles on them. You run Cup 2s and wonder why they're gone in 5K miles.
The only real hidden cost is lengthy repair times and that will only improve as the models become more mainstream. This is a definite problem for ride share people. Toyota will always have engine mounts for a Camry hybrid in stock. Getting mounts for an X7 might take up to a month to come in from Germany.
There is no "journalism" anymore, it's "news." Different. Also, it's not news, it's 24/7 propaganda. Go to youtube if you want to know anything about anything, because you'll never get the truth from the so-called News.
“In this town, you’re gonna have some damage.” That’s a bold claim to assume every car is going to be damaged. They’re basing this on the guarantee that you’re going to get into an accident.
I’ve lived in the Bay Area California for many years and have never had a significant damage accident on four wheels because I am a pretty defensive driver. Two wheels is a slightly different story 😅.
Ya, that was a weird quote, I'll be sure to stay away from Vegas with my car.
I used to drive a Prius hybrid and after going all electric with me in a Ioniq 5, my insurance dropped about $65 every 4 months which is about $15 in savings per month. I'm so glad I went with an electric car, I hope other people's insurance would get lowered too.
I have a Tesla since 2013.. love it... I got free super charging for life.... Solar panels at home..
I love seeing the nose cone. Car looks like a fish but it is truly a legendary car.
Respect.
Did you guys just compare insurance cost of a 100K vehicle to a 30K vehicles? Hahahaha.
Fuel alone will cost an extra 2K a year and what about oil changes, tune ups, brakes, transmission flush, coolant change, fuel filters, smog checks, O2 sensors?
I agree there might be a hidden cost on insurance but it’s not as much as you reported. You need to compare 100K cars with other 100K cars. Try BMW X7. What’s the insurance on that thing? Also what about all the hidden costs of ‘ICE’ vehicles like the items I mentioned?
Not great reporting here. Btw, I drive a gas guzzling 4x4 SUV. Maintenance is much higher compared to wife’s Tesla. Insurance is only slightly better.
When ur battery goes good luck its not cheap lol😅
@@davidwade7681 400k miles is the average life cycle of a Tesla battery. That said, the $35,000 LFP Tesla Model 3 has never had a battery failure and 1 of them is up to 700,000 miles. In theory it should last about 1.3 million miles. 6000 cycles multiplied by 270 miles range with a degradation factor of .85.
How long will your engine last?
I just went from a Mazda 3 to a Hyundai Ioniq 6 and my insurance only went up about $200 per year. Sure tires need slightly quicker replacement, but that’s way more than offset by not having oil changes or gasoline. There are a lot of fears out there about electric cars. As an owner, I can tell you they’re nearly all either misleading or completely unfounded.
The original Ioniq 5 uses low conductivity coolant which cost $3,000.00 every 3rd year ... kinda exceeds the savings from oil changes. You are lucky Hyundai changed the design.
@@ScubaSteveCanada $3,000? Try $300
You bought a hyundai ioniq?? Lmfaoooo… dude you missed the memo… you totally f’ed now.
I heard you refer to Teslas as luxury vehicles. What would you say about Teslas make them luxury vehicles compared to vehicles from Audi, Mercedes or even Acura?
I’m paying $1,400/year for insurance (Model 3 Performance).
I pay $100-$150/month for Supercharging, compared to $1,000-$1,500/month for filling up premium gas for my previous ICE car. I save like $11,000 per year! I’ll save even more when I can charge at home a few months from now 👍
Holy crap! I have never known anyone paying $1000-$1500 per month in gas. That is crazy.
Bro I spend like 100 dollars a month in gas. You driving to California to New York everyday?
🤣@@murmaider2
If you're paying the high insurance rates they're quoting in this video it's because you've never shopped around. Insurance companies just love those kind of people, year in and year out.
Not in the UK they're not. EV insurance figures are literally rocketing. One guy on the edge of London had his premium go from £990 pa to £2300. Of course he went to shop around and was not even offered a quote at three mainstream insurance companies.
This is hilareous. I seems someone in the Channel 8 sales department said that Tesla was cutting into their revenue because they don't sell through dealers that advertise on Channel 8. And they made the news guys discredit Tesla specifically and EV ownership (which do not need services) in general.
This is horrible reporting. While an EV may cost more than a ICE car, you cant compare an $80k Model X to a $30-40K escape. My Model Y was a bit more than expected, but moving from a MB CLA to a Genesis GV60 lowered my insurance! Maybe the real story is Tesla has higher insurance.
This was on my recommended list. I've lived in Turkey all my life and the algorithm decided a Las Vegas news station might pique my interest.
That's funny. Maybe someone who lives in Vegas was recommended a Turkish news channel to keep the world in equilibrium?
I’ve had my 2014 BMW i3 ELECTRIC car for 9 years…..no issues, no problems. The range isn’t the best, but it’s PERFECT for the city (I have another vehicle for long trips). The BMW has been GREAT!! (Zero gas stations). I just traded it in after NINE YEARS for a new, electric Genesis GV60 with a 10 year/ 100,000 mile warranty. 🥂👍
That's the best use case for EVs: around town runabouts when you have another car when you need more capability. EVs aren't a one-size-fits-all solution for many if not most people. There's nothing wrong with buying an EV if you want to but it shouldn't be forced.
i3 range sucks ass
@@mason5540 ……My i3 was a 2014, what do you expect, 350 mile range?!? The 120 miles was PERFECT for my daily commute, and errands around town. The solar panels on my roof charged it wonderfully for 9 years. …..GET A LIFE. 🤷🏼♂️🥂
I leased one myself and I know for sure you are lying about your solar panels charging it wonderfully @@eddieg6436and also about 120 mile range. real world more like 100
Innovative cars for their time for sure, pricey but well engineered. Shame BMW kind of drifted away from this electrification approach or they would probably be market leaders by now.
This makes me hang on to my 00 maxima even more lol $450 for the year and still runs like a champ.
None of this is about EVs exclusively and instead is about how new and very expensive cars are newer and more expensive than older and cheaper cars, so they are more expensive than cheaper cars to buy, repair, and insure. WOW.
Your tesla car alone is your life insurance. I've been watching a lot of tesla crashed videos, and trust me those crash are brutal especially it's aftermath yet all owners where surprisingly survived.
The attempted murder case at Devil's Slide Cliff is such a disturbing criminal case. But thank god the kids and the mother survived.
Same principle as helmets, get wrecked completely but absorb more shock to protect the person
lol just google doctored burned alive in Tesla... or the one that decapitated in a model 3 ...
I'm in Vega and a Tesla owner. Problem with Teslas is insurance cost is higher and registration cost in NV is insane. Only few body shop are certified to work on them. EV adoption has long away to go. Tesla needs to let independent shop work on their cars. But I love my MYP
I live in northern NV and registration is much cheaper than it was in CA
You think a body shop needs to be certified for a specific car? Do you have any proof of that?
@@ianrobertson3419 just google it. Lucid, rivian, and oh my tesla has been in an accident only repairable by only handful of bodyshops in entire city of Las Vegas. My wife works with accident lawyers
I’m in Ontario, Canada. We are paying CAD $200/month to insure our 2018 Tesla Model 3. Two drivers, no accident. I think it’s very reasonable.
A Kia Forte costs 1/5 of that to insure in Ontario. So yeah, the M3 is pretty expensive for what it delivers and compared to other small sedans.
@@edwardlacika3022 Bullym Ed, you cannot insure a Forte for $40/m in ON! $120 for a 10 year old forte on a perfect driving record is a good price here.
I'm in Ontario as well. $200 p/m is $2400 p/y. My 5 year old SUV is $130 p/m or $1560 p/y to insure. Don't stop at insurance costs when you have lease or finance payments on top of your insurance payments. Unkess you own your car outright, I'd bet you're in the range of $800 per month, or more.
@@edwardlacika3022 Ed, be honesr please. nobody can insure a Forte for $40 a month
0:50 Does he know his electric car still has oil, brake fluid, etc. and needs to have a service?
So you got an opinion from two people. One from an insurance company who’s business name rhymes with a streaming music service. You mix in information about “dealerships” not wanting to stock them or service them while showing Tesla chargers with their logo prominently displayed and then claim there is only one Tesla service center in Las Vegas. Nice reporting. Stick to alien UFO stories.
The tires wear down quick as well. Do to the car being fast and fun to launch, as well as being 4420 pounds. You will go thrrogh tires a lot faster than normal cars.
What a bunch of absurd nonsense. Not many people afford those $70,000 plus high performance EVs. Attainable price BEV witch around 200hp to 330hp and weighs around 3900lbs or less do not have those tire problems. Your comparison is not relevant to normal cars, 550hp plus high performance BEVs are limited ownership extreme vehicles. Your comment is an insane rumour.
Through* tires, than* normal cars
this is true about the tires, but its not a normal car Bubba. My Model Y Performance does 0-60 in less than 4 seconds. If I had a Porsche or Corvette that I drive as hard as the MYP it would go through the same amount of tires. Now my 2014 Jeep Grand Cherokee , its had the same All Terrain tires for the last 60K miles and weighs just as much just for comparison sakes.
@@GunnyMac360mans bought a model y for performance 😂😂 Teslas look so dull and boring man like wtf? Yall dont even have a HUD OR GAUGE CLUSTERS 😮 What a boring ass view to look at everyday. A single bulky ugly steering wheel with tesla etched in and not even a metal badge on it.A single iPad. Sure does look like the "future" in their 😂 doesn't seem like ur experiencing a luxury sports car or a luxury car. Luxury sports car give u carbon fiber around the car, carbon bucket seats or luxury seats,HUD, full self driving and auto park, buttons that feel good to press not having to scroll and take ur eyes off the road, higher grade material sport steering wheel that feels cool too have ur hands on, and a unique dashboard across the front. U can make it feel like ur in pure luxury or a luxury sports car. Tesla is neither its just so blah. I'm mindblown thats ur entire dashboard still.
Won't even get into the plain jane "egg"like look of the model Y😂 not aggresive or mean looking at all. Shit turning no heads looks like basic traffic 💀
@@G82Watts all that to say you'd lose in a race to my Tesla...bless your heart
You are comparing the most expensive Tesla to the Toyota Camry and Nissan Altima? Seriously?
They seriously just compared an $80k base price car to a $30k car and talked about how insurance prices were drastically different. Do they realize how insurance works and what it’s for?
I'm 50, I got quotes from Flo of $2,400 for the 3p and $2,200 for the Y new in 2023. 50/100/50 full. Did this guy quote his high school son for a new $100k rocket?
Yeah probably. My rate is actually under 2k for my long range Y and I'm a man under 35. Its great to live in Iowa!
What bothers me most, is wanting to take a long trip and having to stop for hours to charge.
On my last trip from Tampa to Atlanta and back (950 miles) I did about 17 hours of active driving and 2 hours total for charging. Of course, while it charged I grabbed food, coffee, bathroom break etc... Yes, it is different than doing the trip in a gas car, there is no denying that fact. It works for me, though.
If… and that’s a big word… you can access rapid charging stations, the EV would add about 2.5 - 3 hours to an 800 mile trip (determined by a you tube video of a Tesla driven from DC to Florida, charged 5 times during the trip (Tesla indicates rapid charging will reduce your battery life). If, you have to wait to access a rapid charger, the the time increases.
If you are forced to use a slower charger, it will add hours to your trip.
If you drive 200 miles and can only find a working 240V charger, it’s going to take 7-8 hours to charge your battery. On an 800 mile trip you will have to do this 3 times, 3 X 7 = 21 hrs, and again after you arrive another 7 hrs, 28 hours total.
….
If your lucky, you will be able to find 3 working rapid 440V chargers, 3 X 40 min (2hr) plus one 240V charge 7hr for a total of 9hrs waiting for the battery to charge, IF there is no one in line ahead of you… just to achieve an 800 mile trip.
…
In reality however, it’s more likely you will wind up
1- waiting inline about 45 min to access a 440V charger of which you will find 2 working.
2- you will have to use 2 240v chargers, and you will have to wait for those.
Your trip time will increase by about 17-20 hours.
@@tjhessmon4327 And why would I want to use rapid charge, knowing it will decrease expensive battery life? I would NOT!
Nice math work there…
@@tjhessmon4327 How many road trips have you done in an EV? I've done 10 road trips in the year I've had my Model 3 for a total of about 6,000 miles. The longest trip was 1,100 miles. I have never had to wait to charge at a Supercharger, although I have to agree that it would be very inconvenient if that did happen. Only as a very last resort would I attempt to charge using 240V charger. Works great for overnight charging in my garage, but impractical for road tripping. I wanted to buy the Mustang Mach E instead of a Tesla, but there were none on dealership lots in 2022. Glad I went with Tesla instead. The reliability of the Supercharger network makes it great for longer trips. I have no experience with non-Tesla chargers and have heard other charging networks can be a nightmare to use. One major negative, in my experience, is destination charging. Most hotels do not have a charger, so I've sometimes had to sit at supercharger for 20 or 30 minutes before arriving at the hotel so I would have enough "juice" the next morning. This doesn't get talked about enough.
Cancel that insurance agent!!
Never go to an overpriced agent!!!
Emergencies Power outages, old batteries, exploding old batteries not filling up how they're supposed to the classic problem with batteries. When they get old, it takes more to charge though and it's still unreliable.
Our model y is less than $1400 a year for full coverage. Where is this guy coming up with $4000+ insurance premiums??
Vegas. And other places (like Los Angeles) with lots of uninsured drivers, high living standard, and prevalent drunk driving.
I live in LA. I pay 3K a year full coverage for a 2019 Prius Prime and 2021 Honda Pilot Elite.
had a 2017 Model S in Sweden Stockholm I payed 1450 sek 150 USD / year for liability insurance. The Full insurance was 1200 usd / year. I sold it because it was to expensive insurance 😂 also many repairs. The older Model s are a disaster for repairs.
I have a new 2023 BMW 530e and it's about half the price of a Tesla for insurance insurance. The Teslas are more expensive to repair and insure for sure.
The cost of living in LA is insane. The more I learn it's crazy. Starting to understand why you guys have so many homless.
In Las Vegas?
EV’s are magic! Run a standard car on fossil fuels is BAD. Run your EV on electricity made from fossil fuels is GOOD.
MAGIC!
No oil changes ? lol so the gears just spin with no lube ? Nice
There is a gear reduction box that needs maintenance, oil and a filter replacement. Some also have final drive box more oil . Much people don't know that. They listen salesman that just trying to make a sell
I laugh at people who thinks there's no maintenance in EVs. Brakes, suspension, tires, coolant and gearboxes still need maintenance.
This is some of the worst reporting I’ve seen out there and it’s not even that exciting for how misinformed it is…
lies and slander throughout this entire clip
U must have 1 lol
not if you get USAA or Tesla insurance, in nevada, they are the 2 cheapest.
youre welcome, no thanks to the news media that didnt bother to check out all options.
teslas are not that much heavier than a comparable gas car. i have 11k on my tires and they are still 90% tread life on them. while they may have SOME less life, its not that significant.
Also, as for cost, to replace the tires with the same exact ones delivered new on the vehicle are about $280 (michelins), a cheaper model $249 for 18 inch tires....to compare, my previous vehicle tire replacements were also about $245 and those were 17 inch.
like ANY car, how YOU DRIVE IT will determine how long things will last.
the other tire myth here is the 20 inch wheel options will wear out faster, but so do most cars with 20 inch or bigger tires and are often warrantied less. most cars that have 20 inch tires are heavy luxury cars, that have a similar weight to a tesla thus will act the same on said vehicles.
AWD vehicles (which many teslas are) typically wear tires faster. this is for EV or Gas cars.
weights are approximate and can vary based on options, however no 2 vehicles will be exactly but just to compare how similar they are....well...here.
tesla model S is about 4800 pounds. 2 competitors would be a Mercedes S class, which is 4800-5300 pounds, and a BMW 7 series is also about 4800 pounds.
the model 3 is about 4100 pounds, and a bmw 5 series is similar
the model X and BMW X7 SUV are also very similar in weight
Good job media, you totally dropped the ball on your lack of research on this one.
EVEN IF tires wore out 25% faster, say 30k miles vs say 50k miles if you really push your tires limits
you are basically adding 1 more tire change over 90-100k miles.
if we assume all in with taxes and BS government fees, $300 per tire
thats $1200x3=3600 vs $2400 over 100k miles or a $1200 difference. assuming oil changes every 5000 miles at $80 per oil change thats $1600 in oil changes, and about $200 in engine air filters, and $500 for a transmission service, and about $600-1000 for a brake pad and rotor change in a gas car, which none of these will apply in an EV. (brakes rarely need replacing in an EV, and hybrid cars can easily go 100k without brakes being changed.) If we add those all up thats about $2700-3300 in the most basic of services that MUST be done on all vehicles. if you are truly that dumb and change oil every 10k, then $800 in oil changes less. still, more cost than MAYBE one extra set of tires.
Elon, that you?
Have you ever try to file a claim with Tesla insurance?
yep, went perfectly fine. @@TheGardenMG
nope, i researched before i bought one, and expected the tire wear as described, however i am not seeing excessive tire wear one bit.
the only accurate thing is insurance, but thats not for everyone.
@@OsceolaNola7
@@OsceolaNola7 actually most Tesla and EV owners know these facts, even if they didn't know day one what they were getting into. But these costs become very apparent if you own a gas vehicle at the same time, not having to change oil every 3-5K miles alone is worth the money and time involved.
All I want now is a used fiat 500e, just enough to get to store and home on a charge.
Look for the 2016 Nissan Leaf that cost as low as 6,000, in Arizona or UTAH or SoCal, it's worth it to buy there and ship it back here to Las Vegas, which screws
consumers in way above average car prices because our nearest large car shopping markets are 3 plus hours away,
@@flolou8496 the Nissan has cvt transmission. I had a Sentra new with cvt and 78000 miles tranny went out. Trade in got 7000 and bought the doeolla I should have got in the first place. The leaf has same horrible range as fiat 500e. At least fiat I reliable and good looking.
This report is lying. They compared Tesla's most expensive model to fords low end suv.
There is a 3x price gap. Get a Model 3 Standard range. A used one will only set you back 25k and you still get $4000 EV tax credit. Considering my Model Y has saved me $2000 in gas and has had no issues, I'd say Tesla all the way.
Also every car is switching to the NACS connector next year, so unless you want to fumble around with adapters for the next 10 years, probably go with Tesla.
@@flolou8496 an old leaf is an ok second car, but the range degradation, and complete lack of fast charging is a real concern with as little range as the had to begin with. In Vegas I say leaf is a good option, but I in Iowa... It gets cold, and there are only 3 Chademo chargers in the state. There are 17 super charger stations with 8-12 stalls each here. Old Tesla's are too close in price for a leaf here.
We tested one of these little electric go karts a couple of years ago and it was a fantastic little car. The only issue for us was it was little. Good Luck!
So he would put his son in a unsafe car old cars are not safer for him to say that he does not know what he is talking about
Sooo the prices aren’t the cars it’s the insurance … 🧐
Don’t forget states are raising the license plate registration fees to many times over an internal combustion engine vehicle because EV’s don’t pay any fuel taxes. Fuel taxes are used to build and maintain streets, roads, highways and bridges. Additionally with automakers cutting the range of EV’s to reduce sticker prices there is a lot of places an ev owner cannot drive to outside of metropolitan area and they won’t be able to do so for decades to come. Additionally EV range is dramatically cut in cold weather and if the battery charge is below a certain amount the heater and ac cease to function. EV’s might be ok in cities but they are not usable in urban and rural areas and have severe limitations on long distance travel. A Ford executive recently tried to travel across the country in his ev f150 and had to curtail his travel plans because of charging station availability and functionality. Lastly my cousin purchased a Tesla and he was told by his insurance company that he could not park it his attached garage because of fire hazards and if he did so and it caught fire he was not covered for damage to his home and his car.
Would have been a more accurate story if they calculated a homes NV Energy bill before and after buying an electric vehicle
I’ve been charging my model Y at home and I can tell the car to charge during only non-peak times. The difference in my bill is indiscernible. Then subtract what the equivalent for gasoline would be…no contest.
I've done all the math. The charging is a fraction of the cost of gas. The numbers here are high, but the pattern is correct. It's the insurance and tires that kill the savings. You can find my breakdown search Prius v Tesla Milton.
@@miltonhayek2494 thanks
@@fcpbean wow
Germany introduced a monthly commuters ticket for all regional public transport (train, bus, subway) that is valid in the entire country for roughly 50$/month. A measurement to support people after covid and the war in Ukraine.
Initially I thought about getting an EV but after this government measurement I decided to sell my car and switch to public transport completely. Now i spend 50$/month on transportation. Before - when I owned a car - it was several 100$/month.
well, the public transportation in the US is an expensive and unreliable system. It only makes sense in bigger cities the risks you take in places like NYC is not worth it.
@@mrbob9556 I didn't know there is another way to get into central New York than public transport. Where are all the parking lots?
Congratulations on living in a small developed nation with decent infrastructure.
North America doesn't have that luxury.
Lot of misinformation in this hit piece there's a lot of electronics in gas vehicles too he says "bells and whistles" because he has nothing else to add. Insurance is comparable to gas cars.
Insurance guy compares a Tesla to an older car, apples are better than oranges.
Incorrect vague info about Federal incentives.
Tires - EVS are faster and better so they can wear out tires faster, you don't have to drive fast though if that's important to you
Curious they didn’t mention how EV’s catch fire every now and then.
This is why whenever I find interest in something for the 1st time, I always check multiple sources of information and then make my own decision on whether or not to proceed.
Cause it would be hard to produce some actual facts.
Forget brake fluid and air filter.
Probably, the happy Tesla owners aren’t worried about the upkeep costs is because they own a business and could write the costs off as a business expense.🤔
Teslas have no service schedule and there is no servicing to pay for. You don't need to be clever about it with a business - there is nothing to pay.
I don’t care for EV’s, but this is obviously a hit piece on Elon Musk, otherwise the media wouldn’t be able to criticize EV’s.
Breaking news: a brand new luxury vehicle is more expensive to repair and insure than an “old truck”
luxury vehicle, that didn't come with buttons
I love my Rivian and I loved my Tesla. You could not pay me enough money to go back to a gas car. Sure, insurance is a tad higher and if you're far from home, charging can be a little bit more difficult, but 95% of the time when you're cruising around your town and charging up at night, the driving experience is way better, there's virtually no maintenance, it's soooooo much faster than a gas car. Gas cars feel barbaric to drive in comparison. Heck, when I travel I only rent EVs through Hertz now because going back to gas feels so sluggish and primitive. As with all new tech, there is going to be a higher initial cost, but over time things will normalize as adoption of EVs continues to climb. Do you seriously think gas cars were cheap to maintain back in the 1910s when most people were still riding horses? Of course not. Industries take time to evolve, but you really would have to be a fool to buy a gas car if you can find a comparable EV. Nowadays you can get a used Tesla Model 3 for less than the cost of a new gas car, so it's really a no-brainer unless you are super rich and love paying for volatile gas prices, oil changes, Johnson rod repairs, etc.
the amount of BS you just spewed to justify wasting money and time on EV lmao. enjoy your 50% range loss in sub 20f temps. a used tesla is by far the worst car you could ever buy...
@mikeshafer What ever helps you sleep at night
Have you owned an EV? Just curious. @@XxAtomic646xX
the listed mileage per full charge on a new tesla is inflated, they do not go as far as you led to believe, takes around an hour to fully charge at a roadside charging station, they are not finished improving them
I run my battery down pretty low and it normally takes 30 minutes to charge it at the grocery store. Typically I charge in my garage overnight.
What a bunch of absurd nonsense. Tesla have such huge range vast majority of the time it charged on Level 2 AC power. Because vast majority of people rare ever drive 250 miles in one day.
On those days where you drive less than 250 miles, plugging in to charge overnight takes 30 SECONDs of your time. Level 2 AC power is also Cheap because it require no fancy high powered equipment just a glorified safety switch for a dryer plug.
It's still 1.5x cheaper than gas OR Cheaper depending on the region. Your lies do not match reality.
no one, i repeat, no one charges to 100% on their car at a supercharger station. Using your onboard GPS it tells you exactly when and where to charge, and for how long. And yes they do go the estimated mileage per charge...if you do what the EPA states, drive 55 or under the speed limit, on a flat road with no AC, mild temperature, just like gas cars and their "inflated" MPG rating.
I drive a model y currently and have had 6 Tesla’s (none in accidents wanted to try different versions/ranges). My current rate (through Tesla) is $130/mo. I did have progressive and geico and liberty (to try the rates out, Tesla Insurance was just the better choice). I don’t pay for maintenance, only for tires (and yes they do use up quicker) but I think it’s worth it, especially how cheap charging is. I charge at home mostly. And if you need any thing replaced (like a normal car) it’s about the same or less but Tesla does wonders for me. I love the mobile Tesla service and much more. For me at least I enjoy everything and haven’t had any minor or major issues with my Tesla or insurance coverage.
EVs DO definitely require regular maintenance inspections. Tesla lies on their website about this. EVs need their tires rotated every 8,000 miles, the tires need to be inspected because the excessive weight (about 30% higher), which wear tires out about 25% faster. Suspension system components also need to be inspected as well as the drive battery. Also, because the mechanical braking system is used far less than gas cars, the braking systems need to be inspected for corrosion due to significantly lower regular use.
I really hope they add 4 drum breaks to evs in theory they never have to be reviewed / replaced
Truly amazing how many lies a person will tell to avoid looking like a fool for their bad choices.
I had no idea how expensive caR insurance was in the States.
Here in Australia my standard range model 3 highland cost $1400 AUD a year for full comprehensive cover.
We are a greedy ass country here in the United States. It's all about capitalism and so on. The things we could learn form other countries like yours.
This is the reason why roughly 30% of drivers in the US don't have insurance, even though that's illegal.
It really can be. That's why I drive old junk and don't get full coverage.
Insurance isn't that expensive here. That $1400 per year that you pay is about what I pay for my 2023 Model Y.
The costs provided in the video are really out of wack. EVs are more expensive to insure but not that much.
I can barely afford to buy a regular battery for my car every 5 years let alone $20,000 every couple years for a STUPID JUNK ELECTRIC CAR!
I used to drive a charger V8 same price as my model 3 at the moment. What surprised me was the registration cost.
I know same here. 4 years ago I was in Las Vegas NV energy meeting and tried to bring that up and the host of the meeting didnt' think the registration was high at all.
Ev tax since we don’t pay gas tax at the pump
Increased insurance costs sound like a reason to push for EVs. It’s always about the money with these politicians pushing agendas.
The reason why EV's are so expensive to insure, is simply because even a fender bender can be enough to completely total the car because it damages the battery pack. The battery packs on EV's are ridiculously expensive.
@@BrownBomber92181 repairing battery packs is also an overblown argument. If the Tesla is under warranty (8 years/120K Miles) it gets repaired at no cost. If out of warranty, 3rd party garages can repair or replace the individual cells at a fraction of the cost. From what I have researched this is typically in the $2-4K range. Any gas vehicle over 8 years and 120K miles to replace an engine would be similar.
@@GunnyMac360 a car warranty isn't going to replace a battery pack that was damaged from a car accident
@@BrownBomber92181 why wouldn’t it? Insurance pays for new engines all the time, your info is wrong
@@BrownBomber92181 my bad of course warranty won’t, that’s why you have insurance
What are the hidden costs of the pollution by cars and trucks with internal combustion engines??
Not to mention the hidden cost of pollution in extracting, transporting, refining, and transporting again the fuel to burn in those ICEs (not to mention the mining cost of the cobalt punt into those fuels as an additive)
@@johnn17golf Not to mention the costs of the mining and transport of materials used in the constriction of lithium batteries, and the cost of the mining and transport of materials used to generate the power to charge EVs. You can't make an omelette without breaking eggs.
@@daleviker5884 You know most lithium comes from brine, right?
However, you do have a point. After all, gasoline for your car just appears at the pump, no extraction, refining, transportation, additives, etc at all. Pure magic.
@@johnn17golf I know a lot of lithium comes from brine, though I'm from Australia which is all about hard rock extraction. But I'm not sure what your point is. Petrol doesn't magically appear at the pump, and electric current doesn't magically appear at the charging point. You and the OP seem to imply that only oil requires a manufacturing and transport process.
shuttt up
It costs more to fix an EV. Therefore, we can blame the increase of insurance premium of ICE vehicles on the popularity of EVs.