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The Triumph of Bidenomics!
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<blockquote data-quote="probinson" data-source="post: 77610453" data-attributes="member: 121249"><p>Just for fun, let's look at an actual EV available today.</p><p></p><p>I am very intrigued by the Kia EV6. It's a sharp looking EV that, were it not $50K+, I might have purchased. I currently own a 2022 Kia K5 GT-Line AWD. I'm quite happy with that car. I paid just over $30K.</p><p></p><p> The EV6 has similar styling and options. So let's price an EV6 with similar options to my current K5 and see what I would get.</p><p></p><p>An EV6 GT-Line AWD with similar options to my current K5 is currently listed at $59,560. That's nearly double what I paid for my K5.</p><p></p><p>The range of the EV6 GT-Line AWD at ideal driving conditions is rated at around 250 miles (I'm being generous. If you read up on EV6 owners' forums, the more realistic range is 200 miles). Kia claims that you can charge from 10-80% in just 18 minutes and most owners confirm that this is realistic. So that means that if the range of a full charge is 250 miles, we can only use 90% of that, or 225 miles, before it would need charged at 10%. Then that 18 minutes is only going to add 70% of the overall range, since it's charging from 10-80%. So roughly 175 miles.</p><p></p><p>All above considered, I can drive continuously for ~200 miles before I have to stop for 18 minutes to get another 200 miles. EVgo currently charges $1 + $0.36/kWh to charge. The battery for the EV6 is 77.4 kWh. 70% of that is 54.18kWh. That means each charge would cost $1 + $19.50, or $20.50 to travel 200 miles. Given the 1,000 miles it takes me to drive to Florida, I would have to stop 5 times, meaning it would cost me $102.50 to drive to Florida in charging fees.</p><p></p><p>In my current K5 on the highway, I can travel ~500 miles on a full tank of gas. That full tank is currently costing me around $40. Which means that I can go 1,000 miles in my K5 for around $80.</p><p></p><p>Not only would I have to pay $30K MORE than I paid for my K5 to get an EV6 (with a payment approaching $1K/month), but it would actually cost me MORE to charge my car on long-distance road trips.</p><p></p><p>It's not that I haven't considered this. It's that the costs and the technology are simply not analogous to ICE vehicles, and depending on your use-case, you might actually end up paying MORE to charge your EV than you would for gas.</p></blockquote><p></p>
[QUOTE="probinson, post: 77610453, member: 121249"] Just for fun, let's look at an actual EV available today. I am very intrigued by the Kia EV6. It's a sharp looking EV that, were it not $50K+, I might have purchased. I currently own a 2022 Kia K5 GT-Line AWD. I'm quite happy with that car. I paid just over $30K. The EV6 has similar styling and options. So let's price an EV6 with similar options to my current K5 and see what I would get. An EV6 GT-Line AWD with similar options to my current K5 is currently listed at $59,560. That's nearly double what I paid for my K5. The range of the EV6 GT-Line AWD at ideal driving conditions is rated at around 250 miles (I'm being generous. If you read up on EV6 owners' forums, the more realistic range is 200 miles). Kia claims that you can charge from 10-80% in just 18 minutes and most owners confirm that this is realistic. So that means that if the range of a full charge is 250 miles, we can only use 90% of that, or 225 miles, before it would need charged at 10%. Then that 18 minutes is only going to add 70% of the overall range, since it's charging from 10-80%. So roughly 175 miles. All above considered, I can drive continuously for ~200 miles before I have to stop for 18 minutes to get another 200 miles. EVgo currently charges $1 + $0.36/kWh to charge. The battery for the EV6 is 77.4 kWh. 70% of that is 54.18kWh. That means each charge would cost $1 + $19.50, or $20.50 to travel 200 miles. Given the 1,000 miles it takes me to drive to Florida, I would have to stop 5 times, meaning it would cost me $102.50 to drive to Florida in charging fees. In my current K5 on the highway, I can travel ~500 miles on a full tank of gas. That full tank is currently costing me around $40. Which means that I can go 1,000 miles in my K5 for around $80. Not only would I have to pay $30K MORE than I paid for my K5 to get an EV6 (with a payment approaching $1K/month), but it would actually cost me MORE to charge my car on long-distance road trips. It's not that I haven't considered this. It's that the costs and the technology are simply not analogous to ICE vehicles, and depending on your use-case, you might actually end up paying MORE to charge your EV than you would for gas. [/QUOTE]
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