probinson

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Because the pricing is highly dependent on the specific brand and model. Yes, it is true that in many cases, when a single model has both ICe and EV variants, the EV variant can be quite a bit more expensive, but that's not universally true. The Fiat 500e, for example, is only $2300 more than the regular 500 and the BMW i4 starts about $4k higher than the 430i. And models that are EV-only are often priced more competitively. The Mustang Mach-E, for example, is right in line with the Bronco and Edge. As I've already pointed out, Tesla's Model 3 and Model Y are both in the high 30's-40's, which is competitive with a ton of other vehicles.

Some of the pricing, too, is just a matter of what manufacturers think they can get. Audi's Q4 e-tron is the EV variant of the Q5 and costs $10k more, but the price difference between the sportback versions of the two is just $3k.

You do realize we're talking about what it will take for mass adoption, right? And you do realize that the average Joe isn't looking for a brand new BMW, right?

I chuckle a bit when people pretend that the "average" car price is $47K. That may be true mathematically, but the "average Joe" is simply not spending $47K on a car. The thing about averages is that they don't always represent the majority.

For example, let's say that 20 people buy new cars. 17 of them spend $30K for their car and 3 of them spend $120K. The "average" cost of a new car in that data set would be $43,500. But that doesn't represent what ANYONE actually paid for their car, and certainly not what the majority or "average Joe" is spending.

I just Googled median price for a new car but came up empty. Does anyone have any data that shows other statistical metrics for new car prices?
 
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I chuckle a bit when people pretend that the "average" car price is $47K. That may be true mathematically, but the "average Joe" is simply not spending $47K on a car. The thing about averages is that they don't always represent the majority.
You're correct. The average Joe is out there buying the trucks at $60k.
 
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probinson

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You're correct. The average Joe is out there buying the trucks at $60k.

^_^

A 2024 Ford F-150 (America's number one selling pickup truck 47 years running) starts at $36,770.

Screenshot 2024-03-25 at 5.55.30 PM.png
 
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^_^

A 2024 Ford F-150 (America's number one selling pickup truck 47 years running) starts at $36,770.
My price was for an average truck price. I recall that you chuckled about the average price of a car and said the average Joe isn't buying them.

I don't like base models, and the average Joe doesn't like it either.

:wave:
 
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probinson

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My price was for an average truck price.

Source?

I recall that you chuckled about the average price of a car and said the average Joe isn't buying them.

Correct. The average Joe is not spending $47K on a vehicle of any kind.

I don't like base models, and the average Joe doesn't like it either.

:wave:

The average Joe often doesn't have much choice, since they have financial limitations.

I bought base models for many years despite not really liking them because it's what I could afford at the time. It's just silly to pretend that everyone who buys a truck is spending $60K. They are not. And as I showed, some of them are paying as little as $36K for America's best-selling truck.
 
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iluvatar5150

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^_^

A 2024 Ford F-150 (America's number one selling pickup truck 47 years running) starts at $36,770.

View attachment 344629
That undermines your earlier point about the average joe not spending $40k+ on a car. My understanding of that figure is that it’s the “transaction price,” which I believe includes taxes, addons, markups, etc. When the most popular vehicle starts at $37k, it doesn’t take much for the average to be above that.

And while I appreciate your distinction between mean and median, I’m skeptical that there’s enough volume of very expensive cars to make a difference. Ford sells 750-900k F150’s a year. Ferrari sells less than 5,000 vehicles total. Assuming every Ferrari is $500k and every F150 is $40k, Ford still does Ferrari’s annual revenues in a month.
 
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probinson

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That undermines your earlier point about the average joe not spending $40k+ on a car.

~$47K is the average.

Last I checked, $37K was not $47K.

Also, not everyone is buying a Ford F-150. Not everyone is buying a pickup truck. And for sure, not everyone is buying brand new vehicles.

My understanding of that figure is that it’s the “transaction price,” which I believe includes taxes, addons, markups, etc. When the most popular vehicle starts at $37k, it doesn’t take much for the average to be above that.

True enough. Higher trim levels and more options will drive the price quite a bit higher. Here is the current range of prices for the F-150.

Screenshot 2024-03-25 at 6.51.46 PM.png


Is the "average Joe" buying an F-150 Raptor with all the bells and whistles? Probably not.

And while I appreciate your distinction between mean and median, I’m skeptical that there’s enough volume of very expensive cars to make a difference.

I'm not. There are some SUPER expensive vehicles out there. The sale of just a handful of those skews the numbers quite a bit higher.

Ford sells 750-900k F150’s a year. Ferrari sells less than 5,000 vehicles total. Assuming every Ferrari is $500k and every F150 is $40k, Ford still does Ferrari’s annual revenues in a month.

Ford hasn't sold 900K F-150s since 2018.

Let's use Ford's 2023 sales number of ~750K. Even using your hypothetical data above of 750K F-150s at $40K and 5,000 Ferraris at $500K, the average would be $43,046. That's $3K over what >99% of people actually paid in that data set.

The only way to understand what the average Joe is actually spending is to examine other statistical metrics. But unfortunately I can't find anything.
 
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probinson

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Another thing staunch EV advocates fail to acknowledge when discussing "average" new car prices and the narrowing gap with EV prices is that only about 10-15% of auto sales are new cars.

Screenshot 2024-03-25 at 7.11.41 PM.png


That leaves 85% of people buying cars paying WAY less because they're buying used.

This is what I mean when I say the average Joe isn't spending anywhere near $47K. The average used car price is somewhere closer to $27K. And believe it or nor, there are still some decent old used cars out there that can be had for <$10K.

So when the average Joe hears that the "average" price for a new car is $47K, this is completely out-of-touch with the reality for the vast majority of auto buyers.
 
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iluvatar5150

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~$47K is the average.

Last I checked, $37K was not $47K.

Also, not everyone is buying a Ford F-150. Not everyone is buying a pickup truck. And for sure, not everyone is buying brand new vehicles.



True enough. Higher trim levels and more options will drive the price quite a bit higher. Here is the current range of prices for the F-150.

View attachment 344639

Is the "average Joe" buying an F-150 Raptor with all the bells and whistles? Probably not.



I'm not. There are some SUPER expensive vehicles out there. The sale of just a handful of those skews the numbers quite a bit higher.



Ford hasn't sold 900K F-150s since 2018.

Let's use Ford's 2023 sales number of ~750K. Even using your hypothetical data above of 750K F-150s at $40K and 5,000 Ferraris at $500K, the average would be $43,046. That's $3K over what >99% of people actually paid in that data set.

The only way to understand what the average Joe is actually spending is to examine other statistical metrics. But unfortunately I can't find anything.
To kind of bring this back around to the EV market -

I actually agree that most people aren’t dropping $47k on a new car - but that’s not because they’re buying cheaper new cars. It’s because they’re buying used cars instead. By volume, the used car market is about 2.8x as large.

For the subset of people buying new cars, a ~$40k EV is likely within their budget.
 
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probinson

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To kind of bring this back around to the EV market -

I actually agree that most people aren’t dropping $47k on a new car - but that’s not because they’re buying cheaper new cars. It’s because they’re buying used cars instead. By volume, the used car market is about 2.8x as large.

Agreed.

However, there are also quite a few people out there buying new cars that are much less expensive than the $47K average.

For the subset of people buying new cars, a ~$40k EV is likely within their budget.

I buy new cars, and $40K is not in my budget. Or at least I'm not allocating that much for a car.

I'm probably not alone.

New cars are expensive. EVs are MORE expensive. By quite a bit.
 
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iluvatar5150

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Agreed.

However, there are also quite a few people out there buying new cars that are much less expensive than the $47K average.



I buy new cars, and $40K is not in my budget. Or at least I'm not allocating that much for a car.

I'm probably not alone.

New cars are expensive. EVs are MORE expensive. By quite a bit.
I think you’re blinded by geography a bit. You live in a rural area where, I imagine, average incomes are on the lower side. In more urbanized areas, where more people are, salaries are higher, but car prices are not. The folks I know who try to save money on cars don’t buy new; they buy a couple years old. The people I see buying new are easily getting into the $40k range and above. The number of Audis around here is a little ridiculous. Lots of people are driving those ugly new Mercedes suv’s. We just bought a Volvo XC60, which is a nice, but mostly unremarkable 2-row suv, for about $52k out the door. It’s the second on our block.

I didn’t want to spend that much, but I’ve been sitting in back-killing base model fabric seats for 25 years and I’m sick of it, and anything with motorized leather seats was $38k+.
 
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probinson

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I think you’re blinded by geography a bit.

I'm not sure blinded would be the right word. But it sounds like both of us are exhibiting a bit of experience bias in our replies.

You live in a rural area where, I imagine, average incomes are on the lower side.

Yes, incomes in this area are generally lower.

In more urbanized areas, where more people are, salaries are higher, but car prices are not.

For some, but not all.

The folks I know who try to save money on cars don’t buy new; they buy a couple years old. The people I see buying new are easily getting into the $40k range and above.

Depends what you're looking for. There are a heckuvalot of brand new cars out there under $30K. MotorTrend has a whole page of new vehicles in the $20k-$30k range for your perusal. Somebody is buying these or they wouldn't manufacture them.


The number of Audis around here is a little ridiculous. Lots of people are driving those ugly new Mercedes suv’s. We just bought a Volvo XC60, which is a nice, but mostly unremarkable 2-row suv, for about $52k out the door. It’s the second on our block.

Even though I could afford a $52k vehicle, I can't ever see myself spending anywhere near that much for any kind of car.
 
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SimplyMe

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Before I begin this post, let me begin by saying that if to make your point you have to pretend like you understand my situation better than me, perhaps you should rethink your arguments. You've made some incredibly faulty assumptions.



This is simply false.

I have a 2022 K5 GT-Line AWD. It's loaded with nearly every premium feature that was available in 2022. It has all the latest tech. 10.25" touchscreen display with Apple CarPlay, blindspot monitoring, front and rear cross traffic alert, lane-keep assist, highway driving assist, heated and powered seats, auto high-beams, heated steering wheel, snow mode driving, panoramic moon roof, adaptive cruise control with auto stop-start, wireless charging pad, sports wheels and tires, full led lighting inside and out, dual tone syntax interior with sports seats.

My K5 definitely fits the bill of "luxury". But more importantly than that, as I'm sure you must know, trim levels indicate what the car looks like. I opted for the GT-LINE because I much preferred its styling over the more "luxurious" EX. Its looks and appearance absolutely factored into my decision to buy it.



Swell. I'm not trying to win any races here, and I'm quite happy with my K5's performance, especially when I put it in Sport mode.



No.

You don't get to just pretend like the EV6 Wind AWD is the one I would choose. It's not. I prefer the much more sporty styling of the GT-LINE which is comparable to the trim line of my current K5.



No.

Again, you're asking me to compromise my preferred trim level simply because it makes your example more palatable.

I've looked closely at the EV6 GT-LINE AWD and compared its options to my current K5. I've even priced one out with very similar options, and the MSRP is $59,560 (hence my nearly twice as much comment). Whether you believe it or not, that EV6 has almost the exact same options as my K5. If I were buying today, that is what I would want to match what I have in my K5.

Also, the current incentive is $7,500 cash back, but that's only if you don't take any of the 0% financing or other offers. This is ONLY valid on NEW EV6 models, so your suggestion to go used falls flat here.



Sounds like you got a great deal. Kudos to you.

Which trim level did you buy?



No.

You added parameters that are not true. I can guarantee you that if you were in your EV6 and I in my K5, I would get to my 1,000-mile away destination a whole heckuvalot faster than 10% sooner than you.



Agreed. Which makes it weird why you're arguing against it.



I'm not young nor stupid. And I am not EVER adding hours to my road-trip times while I sit and wait for my car to charge.

Also, it's really not that unsafe to eat while driving. Especially with all of the many driver-assist features you're pretending my K5 doesn't have.



No.

I also had kids, and they did not force me to slow down nor stop every 200 miles. My klds are now 20 and 17, but when we would take long road-trips when my kids were younger, we only stopped about every 400-500 miles. Unless someone had to use the restroom, and then we would pull off at a rest stop, use the restroom, and be back on the road in 10 minutes. But that was rare.

Why are you pretending like you know how I travel?



Again, you're changing my parameters to fit your ideals.

I don't really care what realizations you've had about road-trips and/or how you travel. Clearly, you would not enjoy taking a long trip with me and my family as it sounds like we've ALWAYS traveled differently than you. But that's OK, because you're not in the car with me. As I made clear, for my use-case, EVs just don't fit the bill and introduce all kinds of compromises and inconveniences that I'm not willing to pay a premium for.



Now you're getting it. This is my requirement. No EV satisfies this requirement. Yet.



Right. And I'm sure as they ramp up the infrastructure, they'll pass that cost on to EV owners in even greater numbers.



I fill up my car about once every 2-3 weeks. I just don't drive all that much. Let's assume I fill up every other week at $50 per fill-up. That's about $1,300 per year that I spend on gas. I'll even spot you $200 to make it an even $1,500.



I rarely let my car go below 1/4 tank. Therefore, "filling up" my car is almost always putting 3/4 of tank in. You are correct if I let it run bone dry that it would be over $50 to fill at current prices.



I guess I'm just supposed to forget that I had to pay $20K more for the car to begin with.

So let's see, at $1,500/year for fuel, it will take me >13 years to break even. Then I'll start "saving" money on fuel.



Not sure that's an advantage. In the morning if I wake up and my car is on 'E', I just stop at the gas station and fill-er-up in a few minutes and then I'm good to go for another 400-500 miles. It's not really an inconvenience to stop at a gas station for a few minutes You know what is an inconvenience? Having to stop every 200 miles or less for 18 minutes or more to charge the car back up to drive another 200 miles.



It depends entirely on how much driving you do. As I said, it would take me more than 13 years to reach my break-even on savings for gas at current prices for a comparable trim level and options.

I wonder what the battery will be like in 13 years...

No, I wasn't making assumptions about you, I was clearing up your misconceptions. Your GT-Line has roughly the same features as the EV6 Wind -- you apparently haven't looked closely. Now, you might decide you want to pay $5,000 because you like the look of the GT-Line better but it also gets you various features that aren't on your K5 (whether you care about them or not).

Among the features the GT-Line has on the EV6 that aren't available on your car: Forward Collision-Avoidance Assist w/Junction Crossing Detection; Forward Collision Avoidance Assist w/ Driver Steering & Auto Evasive Steering Assist; Forward Collision Avoidance Assist w/Side & Oncoming Lane Change; Remote Start Passing Assist; Park Distance Warning-Rear; Park Distance Warning-Front; Parking Collision-Avoidance Assist-Reverse; Surround View Monitor; Navigation-Based Smart Cruise Control w/ Stop & Go - Curve; Smart Cruise Control w/ Stop & Go & Machine Learning; Highway Driving Assist 2; Intelligent Speed Limit Assist; Auto Rain-Sensing Windshield Wipers, Auto-Dimming Rearview Mirror w/ Homelink Garage Opener; Heated, Power-Folding Side View Mirrors w/ LED Turn Signals, Gloss Black, Dual-Zone Auto Climate Control /w Auto De-Fog System; 8-Way Power Passenger's Seat, W/ 2-Way Power Lumbar Adjustment; Ventilated Front Seats; Driver's Seat & Outside Mirror Integrated Memory System; 60/40 Split-Folding Rear Seats; Rear Privacy Glass; 12.3-inch Touchscreen Display w/Navigation; 12.3-inch Instrument Display; Augmented Reality Head-Up Display; Meridian Premium Audio System w/ 14 Speakers... I could have added a few more.

As a note, the items in italics are the items not available on the Wind trim -- so if you look at all those extra features that are available on the EV6 Wind and not on your K5 shows that your trying to compare your GT-Line to the EV6 GT-Line is not a fair comparison -- there are reasons why it costs twice as much.
 
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probinson

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No, I wasn't making assumptions about you, I was clearing up your misconceptions.

No, you were making assumptions about my driving habits, about whether or not kids would affect them, and a myriad of other things. I understand why. You have to in order to make your point. If you accept that my use-case is different than yours, then my reasons for not purchasing an EV at this time are rational and sound.

Your GT-Line has roughly the same features as the EV6 Wind -- you apparently haven't looked closely.

I have literally compared window stickers. While there are a few extra features in the EV6 that aren't on my 2022 K5, the soon-to-be-released 2025 K5 GT-Line AWD will have a nearly identical list of features according to their launch video.

Now, you might decide you want to pay $5,000 because you like the look of the GT-Line better but it also gets you various features that aren't on your K5 (whether you care about them or not).

It's nearly impossible to find a vehicle with identical options even in the same trim line.

Among the features the GT-Line has on the EV6 that aren't available on your car: Forward Collision-Avoidance Assist w/Junction Crossing Detection; Forward Collision Avoidance Assist w/ Driver Steering & Auto Evasive Steering Assist; Forward Collision Avoidance Assist w/Side & Oncoming Lane Change; Remote Start Passing Assist; Park Distance Warning-Rear; Park Distance Warning-Front; Parking Collision-Avoidance Assist-Reverse; Surround View Monitor; Navigation-Based Smart Cruise Control w/ Stop & Go - Curve; Smart Cruise Control w/ Stop & Go & Machine Learning; Highway Driving Assist 2; Intelligent Speed Limit Assist; Auto Rain-Sensing Windshield Wipers, Auto-Dimming Rearview Mirror w/ Homelink Garage Opener; Heated, Power-Folding Side View Mirrors w/ LED Turn Signals, Gloss Black, Dual-Zone Auto Climate Control /w Auto De-Fog System; 8-Way Power Passenger's Seat, W/ 2-Way Power Lumbar Adjustment; Ventilated Front Seats; Driver's Seat & Outside Mirror Integrated Memory System; 60/40 Split-Folding Rear Seats; Rear Privacy Glass; 12.3-inch Touchscreen Display w/Navigation; 12.3-inch Instrument Display; Augmented Reality Head-Up Display; Meridian Premium Audio System w/ 14 Speakers... I could have added a few more.

I have no idea why you think my K5 doesn't have many of those options. But it absolutely does have many of those things. I'm rather amused that you think you know what I have in my K5.

Also, you're comparing my 2022 K5 to a 2024 EV6. Maybe take a look at the new 2025 K5 for a more accurate comparison. Kia has said pricing will stay roughly the same as the 2024 K5 models even with the new options.

As a note, the items in italics are the items not available on the Wind trim -- so if you look at all those extra features that are available on the EV6 Wind and not on your K5 shows that your trying to compare your GT-Line to the EV6 GT-Line is not a fair comparison -- there are reasons why it costs twice as much.

Nope.

Take a look at the new 2025 K5. Kia says that pricing will stay roughly in-line with the 2024 models. Here is a list of highlights of the changes and upgrades coming for the 2025 model year:
  • Refreshed technology including available 24-in. combined Panoramic Display w/ Navigation
  • New advanced driver-assistance technologies w/ 17 standard features
  • New available Blind-Spot View Monitor designed to display a live video feed of your rear blind spots in your instrument cluster
  • Available GT-Line w/ torque-vectoring all-wheel drive
  • Available GT 2.5L turbocharged engine w/ 290 hp, class-leading 311 lb.-ft. of torque, & 8-speed dual-clutch transmission
  • Available GT exclusive neon green high-performance brake calipers
  • Wide-track sport-tuned suspension delivers responsive handling and agile steering
  • Available performance-enhancing 19-in. Pirelli P-Zero®tires offer impressive control
Those "new advanced driver-assistance technologies w/ 17 standard features" are mostly what you've listed individually above.

I don't know why you're pretending like the EV6 has a list of exclusive options that can't be had on the K5. Perhaps you were just unaware of the plans for the new K5. We really can't do a "fair comparison" until the new K5 launches later this spring and then we can compare similar options. But again, my K5 is approaching 3-years old. It is certainly not a fair comparison to look at a car two years newer and try to compare the options since options are ever-evolving and improving.
 
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probinson

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For reference, here is a list of features and options that were available on the 2022 EV6 GT-Line AWD (which had an MSRP of ~$57k).
You'll note that many of the options you listed on the current 2024 EV6 weren't available on ANY trim level in 2022.

 
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Even though I could afford a $52k vehicle, I can't ever see myself spending anywhere near that much for any kind of car.
Yeah, it was more than double what I paid for my last new car in 2015, but that’s what leather seats cost these days. The depreciation curve was flat enough that it didn’t make sense to buy used, it was replacing a 2006, and the interest rate was 3.9%.
 
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SimplyMe

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After further discussion, I will change this point to you will pay $10K-$20K or more for an EV equivalent. Granted, that may or may not be twice as much, but it's still substantial.



After cost, range anxiety is the number one reason people are not switching to EVs. You may not think it's a big deal, but it is. And the industry not only needs to figure out the range issue, but also how to assuage people's fears of battery degradation. What happens when your already limited range dwindles even further as your battery's capacity lessens? These are all very real concerns.

But they are fears that are exaggerated by EV opponents. Yes, we need more charging stations for travelers to really make range anxiety go away. As for the battery, it comes with an 8-year, 100,000 mile warranty at a minimum; for Kia that is 10-years and some states require even longer warranties -- so excessive degradation gets a free replacement battery (or at least the failing modules replaced). Otherwise, expect the battery to degrade at 1-2% per year on a modern EV -- and there are ways to lower degradation.

Here is a great website that shows the cost vs. range of EVs.

View attachment 344622
Source: DTE Energy EV Buyers Guide

There is no doubt that longer range is correlated with higher cost.



Right. Because range anxiety is real.



That would be YOUR EV6 Wind.

No, just a more comparable car to your K5 -- though technically, features wise, you care is actually closer to the Light, but since the Light isn't available in AWD I kicked it up to the Wind.

You're comparing an AWD to a RWD. Not exactly an apples-to-apples comparison. Which brings up another compromise. If you want AWD in an EV, you're going to sacrifice range.

No, I'm not. I stated range on the AWD is 274 miles, and then added you could slightly increase range to 310 with an AWD -- though, honestly, there are ways to get that better range with an AWD (such as running in Eco mode which doesn't use the front motor).

Perhaps, but road trips are a big reason why people have cars. You can't just pretend like the issues with road trips aren't applicable.

Are they really? My experience is that most people have cars to get to and from work and to do various errands (shopping, running kids around, etc). For most people, the ability to road trip is a bonus. If they buy their car only for road trips (short of road tripping weekly) they are likely better off financially just renting a car for their road trips.

And you forget that the "cheaper" cost of ownership is largely offset by the much higher initial price tag.

Yes, but it does tend to even out the price over time.

All of this talk about "saving time" because you don't have to make a 5-minute stop at the gas station is amusing to me.



Because it's not nearly as drastic. I lose range on my K5 because I opt to remote start it and let it run in the winter so it's warm for me. But not much. I go from 30+ MPG to 27+ MPG.

You do realize that a 30 to 27 mpg drop is a 10% drop.

Batteries charge slower in cold conditions.

No, batteries charge slower when they are cold. This is why car makers set up batteries to pre-condition when you are headed to a charging stop, so that even in cold weather the battery will charge up at full speed.

A very small amount of time and effort.



EVBox says that it will take 38 hours to fully charge an EV6 using a 2.3 kW plug.



Ah. So it DOES take 40+ hours to charge an EV on a 110v outlet, but you don't think it's an issue.

About as much of an issue as the fact that it costs you $50 to fully fill your tank. Again, if you only have a 110v charger then you are probably plugging it in daily -- which for most people fills it back up to full. This isn't like a gas car where you fill it up once a week; instead you come home, you plug your car in, and unplug it in the morning (a bit like closing the garage door). So you don't worry, on a daily basis, of having an empty "tank" on an EV; even if you forget to plug it in you should have more than enough range for your day -- and over the next couple of nights (or the weekend) you'll get it back to full.

What is more, this is good for the battery (less degradation) to do lots of smaller charging sessions, rather than completely depleting the battery and then recharging to full.

That's a whole lot of assumptions favorable to your point.

No, that is real life. It is literally my daughter's first hand experience. And it holds true for most Americans -- since most Americans drive less than 40 miles a day (roughly the amount of range you can add in 10 hours on a 110v charger). You seem to have this fake idea that you have to empty the battery before you can safely charge it and that is not only false it is bad for the battery. In fact, the "ABC" of owning an EV is "Always Be Charging."

Fair enough. Just hope that you don't have to go any further than 150 miles. Otherwise you might have to wait a day or two.

Why? If I (or an EV owner) has to go to the edge of our range, then you can just take it to a public charger to top it off. There is likely a Level 2 or 50 kW fast charger (with cheaper pricing than a 350 kW charger) where you can plug it in while you are doing what you traveled that distance to do. Around me, I know of several Level 2 chargers that charge 10 cents per kW (not much different than home rates) and 50kW fast chargers that are around 20 cents per kW.

Some are. Some are WAY more than twice as expensive.

Not really, not when comparing the equivalent car. I'll admit, it can be hard to compare equivalent vehicles, EVs often are a specific model with no ICE version. At the same time, we have the Ford F-150 for $37K and the Ford F-150 Lightning for $47K; the Volvo XC40 at 41K and the XC40 Recharge at 52K; the XC60 at $47K, the XC 60 Recharge at $58K; there are exceptions but for the same model it is typically around $10K. And, if it qualifies (like the Lightning), after taking off the $7500 federal credit the price between the two is very close; particularly since the base EV typically has more features than a base ICE vehicle.

And, again, the current actual sales prices are much closer. For example, you mention Kia's $7500 credit is only until the end of the month, but from what I've seen they've had that credit for the last several months, simply renewing it at the start of each month. I suspect we'll see it again at the beginning of April.

Good for her.



I don't really care if you or your daughter is happy with your EV. Clearly your use-cases are different than mine.



My guess I that if people have use-cases like you are describing, they will be happy. If they have use-cases like I am describing, the will not.

And that's fine. I don't think I've criticized you for buying a K5.

I disagree. You've spent multiple very long posts explaining why my use-cases would be fine for an EV. They would not.

From what you have described, it sounds like it would be even better for you; except for the fact you'd have to spend time charging on the road (which is your deal breaker). At the same time, I would think you'd like going out every morning to a full charge, even after warming the car up, to not have to worry (assuming, which may be wrong, that your car is garaged) about carbon monoxide fumes. It sounds as if you would have no issues with a Level 1 charger (since you talk about not driving much) most of the time.

I think there are a lot more people than you realize driving more than 40 miles/day.

Except that over 90% of "trips" (amount driven one way to a destination) is 30 miles or less, in the US. Now I could find sources that show that the daily average is about 40 miles -- you'd likely argue people drive less on weekends that lowers the average, I'd point out that you talk about the trips people take, which drastically increase the daily average (a day trip might add 10x the mileage that a person tends to go daily).

I think most people are open to changing habits IF they realize a benefit.



I have no idea how long it will take. But as I've said all along, when EVs meet all of the same use-cases as an ICE vehicle at a comparable price, that is when we will see mass adoption and not before.

And I can't agree with this. The fact is, there are a large number of people that have two vehicles and one is largely for local use (the second is the one used for road trips); an EV in most of those cases (likely 99%) would make a better local car. An EV does not have to meet "all of the same use-cases," it just has to match the use cases of the person who is buying the car.
 
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SimplyMe

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No, you were making assumptions about my driving habits, about whether or not kids would affect them, and a myriad of other things. I understand why. You have to in order to make your point. If you accept that my use-case is different than yours, then my reasons for not purchasing an EV at this time are rational and sound.

Not really, no. I wasn't trying to say that your use-case wasn't different, I was merely trying to point out that it wouldn't be as big an issue as you believe it would be. As for cars in general, it is easy to create a debate into what is rational. For example, is it rational to buy a luxury sedan when you can buy a more basic sedan that will get you there just as fast (short of severely breaking the law) for half the price?

I have literally compared window stickers. While there are a few extra features in the EV6 that aren't on my 2022 K5, the soon-to-be-released 2025 K5 GT-Line AWD will have a nearly identical list of features according to their launch video.

We'll see what the comparison is and what the price differences are. Of course, both the K5 and the EV6 are being refreshed for the 2025 model year.

It's nearly impossible to find a vehicle with identical options even in the same trim line.

Not with a Kia, which has few packages and options.

I have no idea why you think my K5 doesn't have many of those options. But it absolutely does have many of those things. I'm rather amused that you think you know what I have in my K5.

Also, you're comparing my 2022 K5 to a 2024 EV6. Maybe take a look at the new 2025 K5 for a more accurate comparison. Kia has said pricing will stay roughly the same as the 2024 K5 models even with the new options.

To be honest, I was comparing a 2024 K5 to EV6, I don't recall you previously mentioning what model year K5 you have (but may have missed it). And, no, your K5 does not have those options, that I'm aware of. It might have something like a power passenger seat, that was removed on later model years. I think some of those sound a bit like things that you do have on your vehicle but that you actually don't -- for example, you would need the cameras in your mirror (and the EV6 and EV9 are the only Kia's that have that currently, from what I have seen), you'd need front radars on the side of your front bumper -- three total near the front of the car -- and you likely just have one. You likely have Highway Drive Assist, not HDA2, etc.

Nope.

Take a look at the new 2025 K5. Kia says that pricing will stay roughly in-line with the 2024 models. Here is a list of highlights of the changes and upgrades coming for the 2025 model year:
  • Refreshed technology including available 24-in. combined Panoramic Display w/ Navigation
  • New advanced driver-assistance technologies w/ 17 standard features
  • New available Blind-Spot View Monitor designed to display a live video feed of your rear blind spots in your instrument cluster
  • Available GT-Line w/ torque-vectoring all-wheel drive
  • Available GT 2.5L turbocharged engine w/ 290 hp, class-leading 311 lb.-ft. of torque, & 8-speed dual-clutch transmission
  • Available GT exclusive neon green high-performance brake calipers
  • Wide-track sport-tuned suspension delivers responsive handling and agile steering
  • Available performance-enhancing 19-in. Pirelli P-Zero®tires offer impressive control
Those "new advanced driver-assistance technologies w/ 17 standard features" are mostly what you've listed individually above.

Again, we'll see what is on the 2025 K5, which are available on the GT-Line, and what comes on the 2025 EV6, which is also being refreshed -- and what the prices are for both. While I trust they will keep entry level prices about the same, which won't have most of those options, I'm not so sure the models with those extra features will be the same. Additionally, I suspect there will be a price drop on EV6s next year, rather than running $7500 off promos every month.

I don't know why you're pretending like the EV6 has a list of exclusive options that can't be had on the K5. Perhaps you were just unaware of the plans for the new K5. We really can't do a "fair comparison" until the new K5 launches later this spring and then we can compare similar options. But again, my K5 is approaching 3-years old. It is certainly not a fair comparison to look at a car two years newer and try to compare the options since options are ever-evolving and improving.

Wait a minute, what are we comparing, your K5 with a 2022 EV6 (which is largely identical, including features, to the 2024) or the 2025 models of the same cars? Not to mention the cars are quite different (sedan vs. CUV) and likely could contribute to some of the price difference, as well. It is difficult to find a comparable car to the EV6 in Kia's lineup but it is likely closest (yet still different) to the Sportage, a car where the equivalent price to an EV6 GT-Line would be closer to $37K.
 
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SimplyMe

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For reference, here is a list of features and options that were available on the 2022 EV6 GT-Line AWD (which had an MSRP of ~$57k).
You'll note that many of the options you listed on the current 2024 EV6 weren't available on ANY trim level in 2022.


I'm not seeing a lot that weren't available. It seems mostly to be that they are just named differently, such as the "Smart Cruise Control - Machine Learning (SCC-ML)" vs. "Smart Cruise Control w/ Stop & Go & Machine Learning"; they are the same just different names (and emphasizing the "stop & go" aspect). As mentioned, there are very few real changes between the 2022 and the 2024 EV6, to include the features, even if Kia has better perfected their terminology to make it sound more impressive. ;)
 
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Kelley Blue Book Average Transaction Prices for late 2023/early 2024 (excluding consumer incentives):

Industry average vehicle price:
Sep-2023: $47,797
Oct-2023: $47,936
Nov-2023: $48,130
Dec-2023: $48,652
Jan-2024: $47,401
Feb-2023: $47,244

Electric Vehicle:
Sep-2023: $50,326
Oct-2023: $51,762

Hybrid/Alternative Energy Car:
Sep-2023: $48,096.
Oct-2023: $38,093.

Ford:
Sep-2023: $55,512
Oct-2023: $56,206
Nov-2023: $54,989
Dec-2023: $55,035
Jan-2024: $53,755
Feb-2024: $53,918

GM:
Sep-2023 $52,513.
Oct-2023: $53,763
Nov-2023: $52,621
Dec-2023: $52,452
Jan-2024: $50,680
Feb-2024: $51,151

Tesla:
Sep-2023: $50,934
Oct-2023: $53,607
Nov-2023: $53,771
Dec-2023: $49,802
Jan-2024: $48,066
Feb-2024: $50,307

Keep in mind, these are average transaction prices and do not include consumer incentive schemes, like rebates or tax credits. There are federal tax credits of up to $3,750 or up to $7,500 for certain vehicles meeting certain thresholds. There are also state tax credits, but those vary. California has a rebate of another $2000 for EVs, for instance.

Quoting Kelly Blue Book & Cox Automotive

"According to newly revised electric vehicle (EV) transaction price data, the average price paid for an electric vehicle in February was $52,314, down from a revised $54,863 in January, according to Cox Automotive and Kelley Blue Book estimates. EV transaction prices in February were lower year over year by 12.8%, an accelerating decline compared to January when prices were lower year over year by 11.6%.

"Our research continues to show that price remains a significant barrier for consumer adoption," said Stephanie Valdez Streaty, director of Industry Insights at Cox Automotive. "While the higher inventory levels and increased competition continue to drive down the price premium of EVs, it's important to acknowledge that EVs remain priced above mainstream non-luxury vehicles by nearly 19%."

The market's general EV price decline has been led in part by the two most popular EVs in the U.S. – the Tesla Model 3 and Model Y. Transaction prices for the Model Y last month, estimated at $49,363, were the lowest on record and were lower versus February 2023 by 16.2%. Model 3 transaction prices last month, at $43,614, were lower year over year by 12% and near the lowest level on record. High incentives and discounts on most models also continue to play a major role in lower EV prices
."
 
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