When do you think you will buy a 100% pure electric vehicle?

[simply1]

I think EV9 may be a far better deal to lease than buy, my friend got an insane deal on a lease to the point I'd almost call it a budget car compared to other lease deals especially in a high gas price area. He's definitely going to save $$$ over the vast majority of 3 row ICE cars he could have leased.

They’ve kind of backed themselves in a corner on the leases

Why heavy discounts on leases could mean losses for automakers

Automakers are offering steep discounts on electric vehicles, and especially on leases. It might hurt them.

www.cnbc.com

 

[mramseyISU]

I was at the Kia dealer last week for service and checked out the EV9. Very nice but the top end model was approaching $80k. On these $50k+ vehicles, I'd probably pay a $10k premium over an ICE equivalent, but that's about it. Although it's probably not fair to compare something like a Telluride with an EV9.

Off topic, but speaking of overpriced, this is a $65k Toyota Tacoma. No options added price.

I was on the wait list for one of those Tacomas. Then they showed the back seat and there is literally no leg room because of some seat shock absorbers bolted to the back of the front seats and I got cold feet. Then they released pricing and got a Tundra hybrid for less money instead.

 

[dmclone]

I was on the wait list for one of those Tacomas. Then they showed the back seat and there is literally no leg room because of some seat shock absorbers bolted to the back of the front seats and I got cold feet. Then they released pricing and got a Tundra hybrid for less money instead.

This review mentioned that along with plenty of other issues

 

[mramseyISU]

This review mentioned that along with plenty of other issues

I'll be honest I'm really bummed about how bad they missed on that truck. My last truck was a Tacoma and I loved it. I really like the styling on the new ones a lot and I actually test drove a gas one before buying the tundra hybrid. I think the interior is a little smaller than my 3rd Gen Tacoma was. At least that's how it looked with my wife and son sitting in the passenger side seats. They also changed the seating position for the front seats a little and it felt like my knees were in my chest. It drove fine, I really liked how much power the new turbo 4 banger had compared to the old V6, it just wasn't as comfortable as the old one was to me.

 

[DSMCy]

This sounds too good to be true.
Have any other electric companies offered anything like this?

Ford offers free home EV charging for some Texas residents in first-of-its-kind deal

Texas: the land of free electric vehicle charging?

www.theverge.com

 

[dmclone]

This sounds too good to be true.
Have any other electric companies offered anything like this?

Ford offers free home EV charging for some Texas residents in first-of-its-kind deal

Texas: the land of free electric vehicle charging?

www.theverge.com

If you did this right, you could save some serious money. Have the f150 power your house during the day and then charge at night?

 

[Turn2]

And you think we’ll get public charging stations?

Provided w/o comment:

Eight states file court brief challenging California's electric vehicle mandate • Iowa Capital Dispatch

Iowa Attorney General Brenna Bird filed a court brief supporting an Ohio lawsuit challenging California’s electric vehicle mandate.

iowacapitaldispatch.com

 

[cycloneG]

And you think we’ll get public charging stations?

Provided w/o comment:

Eight states file court brief challenging California's electric vehicle mandate • Iowa Capital Dispatch

Iowa Attorney General Brenna Bird filed a court brief supporting an Ohio lawsuit challenging California’s electric vehicle mandate.

iowacapitaldispatch.com

Bird brain needs to stop worrying about other states and focus on Iowa.

 

[brokenloginagain]

Speaking to my own demographic here,, but really surprised its taken so long to get more 3-row EV SUVs - that seems to be the ideal market like my suburban neighborhood (and many others) that is filled with tahoes, suburbans, grand wagoneers, etc.

Every family I know is constantly carpooling multiple kids to all kinds of activities within a 2-20 mile radius and 3-row SUVs are pretty much status quo. An EV would make perfect sense for this kind of usage.

That said, the EV9 is a great example right now of the recent market - no one is going to pay 80k for that thing, and its already discounted at the dealer by me to 66k. And given how fast battery technology is changing (Didn't samsung just talk about their new battery with 600mi range and 19 min charging time?) a cheap lease could make a ton of sense right now. A 78k MSRP lease for <$500 a month and no money down would be an amazing deal.

 

[isucy86]

They’ve kind of backed themselves in a corner on the leases

Why heavy discounts on leases could mean losses for automakers

Automakers are offering steep discounts on electric vehicles, and especially on leases. It might hurt them.

www.cnbc.com

Pretty crazy. Seems like automakers with aggressive EV lease deals are kicking can down the road on losses. Read a report recently that EV depreciation rates during first 5 years are 2x ICE vehicles.

Only thing I can see is companies are expecting a "correction" on EV residuals down the line. Seems like a pretty big risk. But maybe it allows residual losses to be spread out over 3+ years.

 

[dmclone]

In the next few weeks, I expect to hear a lot of good news about a lot of chargers in Iowa coming on board. I think the dates that the Iowa DOT put in place are getting close.

 

[dmclone]

Speaking to my own demographic here,, but really surprised its taken so long to get more 3-row EV SUVs - that seems to be the ideal market like my suburban neighborhood (and many others) that is filled with tahoes, suburbans, grand wagoneers, etc.

Every family I know is constantly carpooling multiple kids to all kinds of activities within a 2-20 mile radius and 3-row SUVs are pretty much status quo. An EV would make perfect sense for this kind of usage.

That said, the EV9 is a great example right now of the recent market - no one is going to pay 80k for that thing, and its already discounted at the dealer by me to 66k. And given how fast battery technology is changing (Didn't samsung just talk about their new battery with 600mi range and 19 min charging time?) a cheap lease could make a ton of sense right now. A 78k MSRP lease for <$500 a month and no money down would be an amazing deal.

"How quickly battery technology is changing". Toyota has been talking about the magical 600 mile battery that can be charged in minutes for about a decade. When you see stories like the one from Samsung, they usually fail to mention the price.

 

[DSMCy]

In the next few weeks, I expect to hear a lot of good news about a lot of chargers in Iowa coming on board. I think the dates that the Iowa DOT put in place are getting close.

Any links to this or more info/background on this build out?

 

[dmclone]

Any links to this or more info/background on this build out?

I'll try to find it but they basically sent out an RFP, the companies sent back their proposals, the DOT scored them, and the scoring determined who got funded. e.g. You install a charger within 1/2 mile of an interstate ramp 1 point, provide level 3 charger 1 point, etc.

I'm just making up the points but that was basically it.

Here it is.

Iowa Electric Vehicle Plan

Look for the download called
_Iowa NEVI Final NOFO - 12.14.2023.pdf

Page 16 starts with the point system

From an outsider's perspective, it's really an impressive document.

 

[HFCS]

Pretty crazy. Seems like automakers with aggressive EV lease deals are kicking can down the road on losses. Read a report recently that EV depreciation rates during first 5 years are 2x ICE vehicles.

Only thing I can see is companies are expecting a "correction" on EV residuals down the line. Seems like a pretty big risk. But maybe it allows residual losses to be spread out over 3+ years.

It's almost impossible to know what studies/data to trust when such powerful forces are trying to decieve us though.

That Edmunds survey that 57% of EV owners go back to ICE is the most absurd twisted thing ever. EVs are so common in my neighborhood now and it's like 30 out of 30 people I know who love it so much they absolutely hate the idea of going back to ICE. Sure that's anecdotal but there's no way everybody I know is radically different than the general population, especially consider the kind of person who is an early EV adopter probably shares some things in common.

You could do the same thing on this board, there are like 50 of us with EVs and not a single person is like "I don't like it and I won't buy one again"...yet there's this pretty obvious misinformation campaign out there trying to scare others.

I tend to trust the data on used car depreciation because with a newer tech people are more likely to want to lease or buy new/almost new. I'd bet my life that people who buy a new EV will almost always passionately want their next car to be another EV though. The exception might be the random person who bough one with nowhere to charge at home or work, that's a real regret I could see.

 

[RedlineSi]

Speaking to my own demographic here,, but really surprised its taken so long to get more 3-row EV SUVs - that seems to be the ideal market like my suburban neighborhood (and many others) that is filled with tahoes, suburbans, grand wagoneers, etc.

Every family I know is constantly carpooling multiple kids to all kinds of activities within a 2-20 mile radius and 3-row SUVs are pretty much status quo. An EV would make perfect sense for this kind of usage.

That said, the EV9 is a great example right now of the recent market - no one is going to pay 80k for that thing, and its already discounted at the dealer by me to 66k. And given how fast battery technology is changing (Didn't samsung just talk about their new battery with 600mi range and 19 min charging time?) a cheap lease could make a ton of sense right now. A 78k MSRP lease for <$500 a month and no money down would be an amazing deal.

Ummm...Rivian sir.

 

[brokenloginagain]

Ummm...Rivian sir.

Yep, seeing those all over the place too. What's the typical R1S right now? 85K?

 

[Turn2]

Bird brain needs to stop worrying about other states and focus on Iowa.

Oh, that's what it is. Pandering to Iowa Pork and Iowa Corn.

 

[RedlineSi]

Yep, seeing those all over the place too. What's the typical R1S right now? 85K?

$75k-$115k depending on what you get.

 

[mramseyISU]

"How quickly battery technology is changing". Toyota has been talking about the magical 600 mile battery that can be charged in minutes for about a decade. When you see stories like the one from Samsung, they usually fail to mention the price.

They also fail to mention this is charger dependent. Regardless of how energy dense the battery is it takes a certain amount of power to move a lump of steel/aluminum/meat down the road. The lighting I occasionally drive around is like 3kW/mile or something like that. A way denser battery doesn't change that so in order to make this mythical 600 miles of range in 10 minutes pan out you need for that lightning to figure out how to shove 1800 kW of power into the battery in those 10 minutes. My brain is too fried at the end of the day to do that math to figure out the charger size but it'd look something like when Clark Grizwald turned his Christmas lights on.

EDIT: Like I said brain is fried this afternoon. That truck would take a 300 kW battery to hit 600 miles not 1800kW. It's a 100kW battery with a 200 mile range. The charger is still huge, to get that kind of range in that truck charging for an hour would be close to 300 kW so the charger is like 1800kW to do it in 10 minutes. I stand by my Grizwald Christmas light analogy however.