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Barely worth it to own an EV these days in the Bay Area.
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This is from the perspective of owning 4 in my lifetime 2 pure electric and 2 PHEV. Let’s get this out of the way. EVs are a better driving experience, but from an economic standpoint, they’re starting to make less sense in the Bay Area. (1) Our home EV rates are horrible. .25/kwh equates to roughly $3 for every 35-40 miles driven. (2) free charging at most employers is getting more limited. If you have it, great, but don’t take it for granted. It may not be a perk forever. (3) EV prices are insane lately. You’ll pay a $10-15k premium these days compared to a similar gas or conventional hybrid vehicle. (4) Most incentives are gone or federal/state income limits disqualify most of us in the Bay Area. (5) long distance charging still rough, unless you own a Tesla.

Anyways, considering a new car in the next two years and crunching numbers the EVs aren’t adding up. I want them to but they aren’t. As it is now I just use gas in my PHEV because charging at home only saves me maybe $2 every 100 miles.

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If a vehicle has a few hundred miles of range does this matter? How fast does a battery deplete? It’s not like my gas powered vehicle refills overnight.

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1 year ago