Does it make financial sense for most commuters to get an EV yet? Let’s use the Nissan Leaf and Versa as examples.
EV batteries have about a 15yr lifespan and cost about $5500 to replace, and commuters average about 20,000km/yr. 🧵
EV batteries have about a 15yr lifespan and cost about $5500 to replace, and commuters average about 20,000km/yr. 🧵
Cost of a Nissan Leaf = $45k
Cost of a Nissan Versa = $20k
Point at which an EV breaks even (assuming 20,000km/yr) = 8yrs
Cost of a Nissan Versa = $20k
Point at which an EV breaks even (assuming 20,000km/yr) = 8yrs
EV’s require less maintenance, so, if you’re buying new either way, and you drive more than 13,000km/year, you would save more money, in the long-term, getting a Leaf than getting a Versa and, with financing, you probably wouldn’t spend much more monthly in the short term either.
Obviously many other factor come into play, if you start looking at resale values, you’re buying used, or if you start bringing differently priced EV’s and different levels of fuel efficiency into the mix, but…
Generally, it seems like we’re well past the stage of EV’s only making sense for wealthy early adopters, and I don’t see hybrids holding their value very well.
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