When I was talking about the resale value of cars bought today in 10 years from now, there are 2 points you in the comments have pointed out... #1 - my estimate for the Prius (despite having the new design) WAS too high and it's probably more like 15k as opposed to 25k. And #2 ICE cars might not have as great resale in 10 years either since they will likely be less in demand. Who knows! I will also add I just checked in with my friend who has a 2018 Tesla and he says while the build quality isn't great compared to his 2018 Toyota 4Runner (doors closing tight, rattling while driving etc) he has said that the Tesla still runs great in 2024 with 100K+ mileage on it. That's reassuring.
The strange thing about the chemical soup you get in Lithium based chemistries is they age even if you don't drive the car - think trying to charge up a battery that's just been sitting in a drawer for 10 years. There are so many examples on the Tesla forums of the batteries lasting over 200k miles, but also ones failing in under 40k miles just from the age of the vehicle and likely other factors like how often it was parked in the cold, or in direct sunlight, how often it was supercharged, how often it was discharged below 10%, or above 80%, or more basic things like the battery housing developing a leak over time. More worrying there are many examples of batteries showing minimal degradation but going from 50% charge to 0 in the space of 1 mile, or shutting off on the road when you try to accelerate. You may have experienced something similar on a 3-5 year old phone battery where you try to make a call and the phone reboots because the cells cannot provide the required voltage anymore, despite the battery health showing 85%.
@@DigiDriftZone Yeah that is interesting to consider for sure. In the past I definitely felt more examples of that... but I feel like my Samsung S21 is still going strong. Not sure I'd want to base buying a $50,000+ vehicle off of that experience though!!
@@TheSAHDLife Garages are adapting and are getting the experience to work on EVs. A 15k battery replacement will be cheaper in 3-5 years since they will be replacing dead cells/packs instead of the full kit. Go watch electrified garage videos !
Funny things is, they talk about oil changes as being an annoying things, but don't consider about hour long charging time as annoying when you are planning for a long trip
Yeah I hear you... but for some of us, we will do 100% of our charging at home. That would sure be annoying though, especially as charging stations get busier and busier.
It really depends on the charging archetype of the EV. They don’t all charge at the same speed. My husband has the fastest archetype charging infrastructure in his car and fully charges his Ioniq 5 at a charging station (fastest charger) in 15 min. The Teslas don’t charge as fast. If he’s not on a road trip he uses our regular level 1 charger at home and it takes 12 hours. He’s got enough range (about 330 miles) that he doesn’t drive enough during the work week to even need to charge it every day.
Thats because it’s not an hour to charge. Just got back from a roadtrip in an EV and 19% to 80% charge was under 25 minutes. From 47% - 80% was 14 minutes. It’s not an hour. It is longer than a tank of gas fill-up. But even during that 25 minute charge I was still waiting on my order at the local Wendys. So if you plan around them it’s not that big of a deal. Charges at home are slower and done overnight but supercharges are the ones you seem to be referring to and they are much, much faster.
@@Alopen-xb1rb exactly- it’s not even close to an hour, depending on the type of car. VW ID4 is still about 45 min I hear. Most people (especially with kids) while on long road trips need to stop every 2-3 hours anyway, even if you’re driving an ICE car. We were at a QT gas station in GA the other day and waited 20 min for some of their fresh pizza- if my husband had been charging he would have been done by then, plus then some.
We finally got our new 2024 Prime in March. Our third Prius. Very pleased with the first two (non Prime), and each averaged 4.4 L per 100Km year round. When we made the deal for the 2024, the dealer offered $10,000 for our 12 year old Model C, half of what we paid new. I don't think that in 12 years a dealer (or anyone else), will consider paying 1/2 the original cost of a Tesla considering the price to replace the Traction battery. The new Prime ? We have driven it 3,600+Km so far and bought just $45.00 (a half tank), only because we had to take a road trip. And, oh, it cost more than $20,000 less than the cheapest Tesla. I like these numbers.
That's awesome, thanks for sharing. Jeez we still go back and forth almost daily. For awhile there we got really excited about the fuel savings of a full EV but we would be able to charge our car every night at home and might be able to get almost those same savings with a PHEV plus all the advantages to NOT buying an EV (like resale / trade-in as you mention). I'm really glad to hear from an owner so thanks for chiming in. Is there anything you don't love about the car?
@@TheSAHDLife Very glad to hear it was useful to you. My biggest beef with the Prime is the absence of a spare tire. I know tire technology has advanced and flats are less common but, they do happen. We had our first two Priuses for 16 years and had just one flat. It was sidewall damage, so, without a spare we'd have been stuck. Our tires are quite low profile and our spring roads are always covered in "road sores". The "Fix the Flat Kit isn't capable of addressing a sidewall tear. That means a tow-truck. Where we live, "breaking down" often means having to wait a very long time for rescue if your not near a community (which describes a great deal of our province). You can buy a spare tire kit from Toyota for the Reg. hybrid that fits under the hatch floor (why the bloody thing does not come with the car is a mystery). However, the kit will not suit the Prime, too little room due to the bigger battery. We plan to source a set of rims and tires for winter use. We'll seek out inexpensive 17" rims and the closest tire size to the 195-50's that came with the car. At the moment, no manufacturer makes a winter tire in the oddball OEM size. This route offers the added benefit of giving us a spare (in both seasons). So, should we take a road trip we'll just throw a wheel in back. We both really like the car. And, neither of us has encountered the issues many other Posters complain about.
@@johnshapland3464 Thanks John, Ya, last time we visited Toyota they told me there are now two tire brands that offer the OEM size as a snow-grip, and, they provided a quote. $1,098.85 (CAD), for four Toyo 195's including installation. Our Prime is the SE Model so, it has 17's instead of 19's. I imagine the 19's would cost considerably more from any vendor. They also quoted us the same tires but with steel rims to match, for $ 1.706.51. We plan to have this car for at least ten years so, having snow tires on winter rims would save us around $2,000 in wheel "swapping" costs over that period if I change the wheels myself seasonally. Not to mention sparing the nice alloy rims that are under the OEM hubcaps from our harsh winter conditions. The cost for the rim-tire option includes $60+ for matching lug nuts (the OEM ones won't fit the steel rims). Glad I asked as we had done a little digging into alternative tire sizes and almost bought some. We could have bought 215-60-16's from Canadian Tire (with steel rims), for $1,097.47. The difference in the diameter from the OEM 17's is actually very small and would not be noticeable in any practical way. However, the Toyota service guy explained that the steel rims from CT (and other sources), will not work with the Prius because the back-side "dish" of the rim is not large enough to accommodate the brake disk assemblies and would cause damage during winter use when snow/ice clings to the wheels. BTW, not only are the replacement 17's less expensive to buy, the smaller wheels give much better milage than the 19's. Our 2024 now has just over 11,000km on the OD. We are still using our (only), third tank of gas ! In summer temperatures I can get over 90km in EV Mode and, that's driving at or above posted speeds in quite hilly terrain. If we had much in the way of flatter roads here I'm sure we would see 100+km. Our only highway trip returned 62mpg. This is our third Prius and by far the most efficient.
I’m absolutely smitten with my Outlander PHEV! It’s an incredible car. My daily commute is perfectly within the electric range, and I’ve been charging it at home using a 240v power source. It’s a dream come true! WIN
That's fantastic! My folks love their Outlander as well. We ended up going full EV and getting a Tesla, and for our lifestyle, like you, we are just smitten with it.
I chose having fun vs saving money simply because life is too short. I won't be able to bring the money saved to the other side. It's ok to die broke with a smile on my face in my last moments of my life. Awesome analysis of the subject ! Good job man !
Yeah you know I like that mindset too. It's very rare I regret buying the nicer item. We still haven't made up our mind. I'm really interested to see what the new Model Y's will look like, but jeez Musk makes it tough to invest in Tesla!
I was doing the same calculations but hybrids are all so bland, all with cvt transmissions. Also it seems pointless dragging around a battery AND a motor, which also requires gas and servicing. So it is going to be an ICE or an EV. One day I decided to book a test drive with Tesla. Wow, the M3 Highland, smooth, quick and fuss free. Bought it immediately. Concerns about the battery? Sure, but who knows what will happen in ten years, you could be dead, the world might have ended, or battery technology has improved so much that your replacement battery may only cost a couple of thousands bucks...
@@FS-bg2kk Hybrids are intended to increase gas mileage. I have a 2009 hybrid camry still and love the car. I purchased it when gas prices were going through the roof back in 09 but it doesn't even get the gas mileage some of the new ICE only cars get now. The battery pack is about 1500-2000 to replace but once this one gives out on me I don't think i'll buy another hybrid. Id most likely keep my F150 and get an electric vehicle for my daily driver. Hybrids were great back then, but yeah it does suck having to do oil changes and also worry about the hybrid battery stuff at the same time. Problem is, if the hybrid pack has a problem the car wont even let you drive just off of the ICE. I'd love to get an electric truck, but the technology isn't there yet since we tow our boat a lot in the summer time. Once they get batteries and range on trucks figured out, i'll have no problems switching over. Things are only getting better so eventually they will make sense for more people.
Thanks for the comment! Really appreciate it. I love talking about this stuff! It's a tough decision but hopefully I gave people some things to consider. What would you buy right now if you could or had to?
@@TheSAHDLife I like the idea of charging at home for 50/60 miles range but also having an ICE back up, so a phev for me, if I was in the market. Do you like or watch Out of Spec Motors with Kyle? He’s an entertaining EV geek
13 year old PHEV, the only one that exists. 45-55 miles (80km) of ev range. put 35k miles (56k km) on it last year. since my partner and I are in healthcare, we are always driving a medium (40-70 miles) distance to a hospital which always have chargers... including road trips, we averaged 104 mpg (2.6l/100km) last year. i figure we saved around 2500-3000$ on gas here. our electric bill went up 7$/mo lol. I offset a good amount of that by adding solar panels to the roof which feed into the 12v system, which i replaced with a 4kwh battery i built for 230 bucks. i believe we did about 5-6k miles on the motor with just a couple dozen heat cycles (~15% of driving, all hwy). considering we only paid 6000 usd for the car... we are doing alright. and apparently with the phev craze going on right now, the resell value has gone up to 9k, probably the only category of car that is increasing in value right now. imo the prius prime is a joke with its battery size. the truith is, if you actually want to save money, youre not buying a new car, and there is only one cheap PHEV in the US, its the chevy volt. dont buy a 60k$ prius prime in the highest trim level "coz thats all thats available", and pretend youre saving money by capturing 25k of depreciation before you sell the car rofl. my car is free to drive in a few more months, and my insurance is 21$/month. the gen1 volts will go for 400-500k miles, think about it, you are only using the motor for long hwy driving at a steady rpm range, the engine is port injected (not direct so no carbon fouling), low compression ratio of 10:1 (direct injection cars run 15:1), the head of the motor is an iron block which doesnt expand and cause head gasket issues at 200k miles like hondas/anything with an aluminum head, there is not really a transmission, just one solid gear in a planetary gear system that is rarely used (gen 2's have a big belt thats basically a CVT to save money), the timing chain is barely doing any work except to keep the engine at a steady rpm, the breaks dont even wear out coz of regen breaking. most of the car is made from aluminum to save weight, weighs the same as a model Y despite having a motor, and the battery cooling system is the most overbuilt one ever mass produced, and the battery is inside the cab so it experiences less temp extremes or impact from a crash. the only other thing you worry about is super/fast charging ratio, which thankfully the car cant super charge so you dont have to worry about the battery being destroyed by an uber driver. there is no alinator or starter motor, even the air conditioner is electronic and runs at high efficiency 350v dc, one of the first ones. ironically toyota is paying chevy for their patents since the new primes copied most of the drive train.
Cool take, thanks for taking the time to share. Sounds like you've saved a pile of money, that's fantastic! So... let's say that car dies or gets destroyed, whatever... would you go and buy a Volt right now?
@@TheSAHDLife already did for my girlfirend. she was using mine so much, she decided she wanted one over her 2015 honda civic. we got another 2014 chevy volt around 8 months ago, i believe it was 7800 usd. same color, similar trim package. imo the leather seats are a lot more comfy (important coz we do lots of driving) and i would try to get a model with heated seats since it boosts the range significantly in the winter. thought it was funny that she got jealous of my older car and gave her newer car to her sister to buy an older model. guess i didnt answer your question. ya i think i would. i only want 1 car for myself but dont want any sacrafices. im one of those people who thinks the end of the world is comming so off grid/self reliance stuff is important to me. no one alive to remember the gas rationing during ww2. i think it was like 5 gallons per week. good luck getting to work or doing anything
Great video brother. Like the way you put facts. My point on 10yr from now is, lot can be changed as solid state battery tech others can enable the batteries to be damn cheap. The 20k full EV swap can be 5k... how know. 😊
Thanks man! Do you think the newer Solid State batteries might be able to be placed in the older, let's say Tesla, batteries as replacements in the future? Is that what you're saying? Or would you wait to get a solid state in the first place so that they will be cheaper to replace in the future.
Our family got a duel-fuel Kia Sportage SX (PHEV) just 7 months ago in March of 2024. Even though we live quite a distance for work (70 km), we are averaging about 80% of all kilometers being EV only, achieving over 93% over the last few weeks. Our fuel savings are more than $55 (Canadian) a every week as compared to the turbo-4 gas version. Also, I'm happy to report that the EV range (in the summer) on the highway @ 105 km/hr matches the manufacturers estimate of about 54 kms, however, if you choose to drive country roads between 70 and 90 km/hr, you'll see EV range of 65+ km like we do every week. Our max EV range was over 70 km on 1 charge BUT that was in perfect conditions and averaging about 70 km/hr. Did we consider the Rav 4 Prime plugin? Yes, but not for long given the 10k price premium, loud engine, and over lack of cabin refinement. Rav 4 prime has much more power (300+ vs the Sportage phev's 264) BUT I still find the 224 lb/ft of torque the pancake motor makes on our PHEV more than adequate in town and on the highway too! Sport mode is INCREDIBLE and has all the grunt you could want, easily outpacing our previous Acura RL 3.5 V6. There is simply no comparison on interiors and tech (kia vs. Toyota) as Kia is loaded with every creature comfort, not least of which is the HDA (highway drive assist) which is completely addicting. On well marked roads (even off- highway) I always have it engaged. Conclusion, I would agree that dual fuel vehicles like PHEVs are the right choice in this time where industries are transitioning as it gives our family the best of both worlds. Crazy savings weekly on gas, crazy quiet and smooth ev driving and 5.8 l/100kms on our recent 1300km 3 day road trip!! (We were able to charge up twice over night) Without charging, we still averaged 6.3 l/100km on the highway with cruise set to 65 mphr/ 106 km/hr. Setting cruise to 120 km/hr drops our hwy efficiency down to 7.8 l/100km (no thanks). If your goal is to save money, pollute less, and drive the future without constant range anxiety, PHEVs are my recommendation!
This is a great comment thank you for taking the time. It really surprises me when I see the fuel economy being so much different the faster that you go. Very eye-opening and it's neat to see some actual numbers and data.
@@237ja Exactly because my goal is to save money, pollute less (but I know that CO2 is not a pollutant), drive without range anxiety AND have fun I drive much faster with my Miata ND2 RF. Not to mention that this ICE car is the most reliable, having a far lower TCO than most cars (especially than PHEV and BEV appliances that need a replacement battery that cost far more than their resale value).
Is it time to upgrade my 2008 tahoe ltz? I bought it used on CL for $2,500 years ago. For 26 gallons of gas at $2.5/gal costs $65 to fill up from empty. I get 16mpg combined for 416 mi/tank I drive it around 10k mi/yr for a total of $1,565/yr in gas. Over 10 years $15,650 plus $2,500 purchase price I do my own maintenance and most repairs, 2-5 quarts cost $35 and an oil filter is $5 so $80/yr in oil changes. A $200 battery every 4 or 5 years and misc maintenance call it $5,000 over the 10 yrs. $23,150 total over 10yrs. Am i missing something?
That is INSANELY cheap gas compared to where I'm from. That's great you're able to keep fuel costs with a thirsty vehicle like that. Yeah, hey, may as well keep doing what you're doing if it works. We aren't as handy as you and wanted a quality of life upgrade with a newer vehicle, so that has been huge for us (since we bought an EV). Also our fuel costs dropped to 1/10th, actually I was surprisingly accurate in this video for our use anyway. I don't think EV/Hybrids are for everyone but for some of us, they are GAME-CHANGERS.
One of the best videos I've seen. Very comprehensive explanation. Thank you! Couple of follow up questions: - How's the behaviour with cold weather? - Prime not having AWD is not ideal, what's your thoughts? - What do you think about Niro Plug in? Thank you!
Thanks! Glad you found the video. From my research EV's lose on average 10-25% range depending on how cold it is. I didn't see how cold it needs to be for these changes to take effect but I imagine it's sub-zero temperatures. I know they have heat-pumps but I didn't really go too deep into learning how they work on EV's. The Prime not having AWD is a big deal. That sucks! For where I live that is a reason I wouldn't consider it. If I was just buying this as a commuter it wouldn't be a big deal... but we both work from home and the next car we get will be our main family car so, I'd rather have something that feels safer/more capable. The Niro looks like a neat little car. I think it would probably be a fine buy, but it might just be hard to sell on the other side. I personally really enjoy Korean Styling, especially on their interiors when it comes to the other car manufacturers, however, resell for them is hot garbage. While we have loved our Hyundai, the engine DID die on us at 90,000kms even though we babied it. To be fair, Hyundai put in a new engine out of warranty but still... we lost an AMAZING weekend and had so much stress for awhile there.... I'm not sure I would buy a Hyundai or Kia... MAYBE a full electric but I'm not sure I trust how they machine their combustion motors. Hope that helps! You looking for a cheaper plug-in?
@@TheSAHDLife thank you! We are looking for a reliable and safe commute car for Calgary. Our main family car is an Outback which is perfect, so looking for a smaller for city use. I'm checking: Crosstrek Onyx Trim (have everything except for the fuel consumption), Prius (Hybrid and Plugin) and Niro (Hybrid and Plugin).
I took the NIRO for a test drive. Its felt nice to drive but with being at a similar price point to a Toyota Prius Prime, I'd be going with that. Mainly because KIA is known for having engine failure.
Super helpful. I used to drive Calgary to White Rock pretty regularly. With Flair and no luggage, I can't drive to Lake Louise for that cost! So I now feel the PHEV is no longer a viable option so long as I can continue to fly for $75 each way. Hybrid is the lean. Tks!
Yeah wow, interesting take! That's a big trip to take so often. I do love White Rock. We ended up getting an EV and for our lifestyle it's incredible. So far we've put 5,000 kms on it and it's cost us $120 CAD in energy. Plus it's fun as heck!
You are missing the lost opportunity cost on the extra money you will spend for the full EV. Most of the cost analysis I see on vehicle purchases overlook this factor. That 20k extra you spent on the EV when invested in an appreciating asset over 10 years could totally transform which vehicle makes the most financial sense.
Oh for sure, I thought I tried to address that in the video. I will say that while it is a lost/sunken cost for a lot of people, for others they do get the satisfaction of enjoying the benefits of a more premium products and being early adopters to new technology. That's not worth it for ME but some people really get value from it. But some people are just terrible with money too. Waiting it out and seeing what happens seems to be the smartest options. We don't NEED a vehicle quite yet, it's tough having 1 still but we save so much we will do this I think until we are forced to get a 2nd. What would you buy right now?
@@TheSAHDLife I drive an F150, not the hybrid version, but I would consider a plug-in hybrid truck down the road, especially if the tax incentives put them on par with the straight hybrid.
Fabulous information! We're on the brink of buying a '25 Tucson PHEV since the majority of our driving is around town with the occasional road trip. Since the technology is changing so fast I too would be interested in whether leasing would be the better route to take.
I think I'm going to do a deep dive video talking about leasing versus financing in the near future. We ended up buying an EV as we do lots of local commuting and it is just been the best. The math that I did in this video is very accurate in our situation. We are literally spending 1/10 of the fuel since we're charging at home! It's the best!
@@TheSAHDLife Toyota has been saying to bring solid state batteries in next 3-5 years for at leas 10-15 years now(from 2008 or so). Don't expect it to be available mass market in 10 years. It will be very expensive at first, and then take another 5 years or so to be able to available on cheap price. building new factories with new battery tech is hard an d expensive , it takes huge investment and time to build batteries at scale so that its cheap to buy. so solid state batteries in 3-5 years is not a good argument.
@@spwan3 While that's not a bad idea, here's the flip side to the argument. In my opinion it is unlikely there will still be incentives for EV's in 5-7 years. The durability of these batteries seems pretty insane at the moment which is why my wife and I decided now was the time to buy. With all the incentives and referral program we got a $50,000 Tesla for $39,000 (CAD). We're just loving it. But yeah, leasing can work as well depending on your goals.
Something i don't see talked about much is 5 or 10 years from now when you may need a new battery, what kind of upgraded battery replacements will be available? You may be able to spend less and have more range by putting a newer battery tech in the older vehicle.
Well that's the million dollar question! I don't know, I don't think dealerships are going to want to lose money by putting new batteries in older vehicles. HOPEFULLY smaller shops will find ways to do this because I hope something like that would be the case... but people want to make money right, and you won't make money doing that.
I own all 3 (2023 Toyota Highlander Hybrid, 2017 Chevy Volt PHEV, 2024 Cadillac Lyriq EV). I agree completely with your assessment of the pluses and minuses of all three. I absolutely love driving my Cadillac Lyriq, but it is not as great for long road trips and I am not expecting it to have great resale value. My Chevy Volt (a car ahead of its time) is truly the best of all worlds. It allows for long road trips, but also satisfying daily gas free driving. The Highlander Hybrid is our long road trip warrior with great comfort. They are all amazing vehicles! I am just praying that the EV cars last as long as possible, but I am prepared to throw them away when the batteries die.
Great comment! Thanks for sharing. And that's a fun little fleet of vehicles you have. What made you decide on the Lyriq? Is it pretty slick with nice power? We just picked up a Model 3 (releasing my video in the morning) as a commuter and it's been great. Like you I'm hoping it will last a LONG time and not lose power or anything soon :)
@@TheSAHDLifeThe Lyriq is a beautiful luxury AWD medium sized SUV that is probably the best value available for a fully electric vehicle. The Ultium Battery architecture is also impressive engineering. We were able to get our fully loaded Lyriq for about $61,000 after all rebates and incentives. I couldn’t resist. It’s a Cadillac with exhilarating pickup and it’s the quietest car on the market. We also have a dealership that can service it in our small city, that wasn’t the case for a Tesla.
My biggest issue with my Tesla is the estimated range is SO far off it makes it basically just as expensive as the rav 4 hybrid I came from. I’m using 14 KWH to charge daily after my 26 mile round trip commute to work which comes out to about 1.85 miles per KWH. Since the usable range of my model y long range (75 KWH) is %20-%80 that’s only about 83 miles of usable range which is SIGNIFICANTLY less than the 326 EPA estimate (I knew tesla over estimated before I bought it but that’s a crazy difference) So now I’m debating if I want to trade in my Tesla for a PHEV or if I want to keep it knowing at the end of the day cost of ownership including the price of more expensive insurance is probably more than a PHEV or a normal hybrid. I’m kinda lost on the decision.
Whoa, it's that bad?! Hmmm that sounds like something is wrong. Have you tried talking with Tesla directly about that? We ended up buying a Model 3 and our estimated range has been pretty spot on BUT we always park it in the garage AND haven't gone through a winter yet. I imagine in colder climates it's worse but still... I would be frustrated too.
How about the fact that with expensive gas many people go to places like Costco to fuel up which can easily take 30 mins waiting for your turn while also having all the fumes from other cars waiting.
Yeah right?! Not too different from waiting at charging stations. It's crazy how people will wait half hour for gas to save a couple bucks. I get it but...
@@TheSAHDLife We have our own "gas station" at home. It's only seconds to plug in and get inside to grab a beer. No one I know misses the experience of gas stations. Lol
Another option to consider for your American audience is leasing an EV. They have some pretty crazy lease deals in the US right now. There are multiple models you can lease for around the same monthly/annual rate you calculated for your other options So you can lease for 3 years, have fun driving and make your choice 3 years later when there will hopefully be better tech and less expensive EVs available.
Yeah that's a good idea. I think I might have to make a video talking about all the leasing options because it's not something I've truly ever dived into and done the math on. It'll be interesting to see the new Model Y's coming out too, maybe that'll be the catalyst for me hehe.
Glad you found the video! It's a tough decision for sure as there are so many factors. We ended up getting an EV because we already have a gas car and love it. If we didn't have that gas car though we probably would have went PHEV.
This is one of my favorite videos around this topic. I am thinking of getting a 25 Tucson but torn between Hybrid and Plug-in Hybrid. The incentive brings their prices very close (1200 CAD difference). I currently don't have access to an outlet at home or at work but the situation might change in a year or two. We drive arount 100 km a day. Would it make sense to get the plug in and use it as a hybrid in a hope that I gain access to an outlet in the future?
Thanks for the comment! That's a really great question... and to be completely honest, I don't know the right answer. For what it's worth, my wife said without hesitating she would get the plug-in... I'm a little more torn than that. I'll chew on it and if I have any good thoughts I'll let you know. What are you leaning towards?
@@TheSAHDLife Thank you for replying! To be honest, I wasn't even considering the plug-in until I found out that they qualify for the EV incentive. I did a napkin math; hybrid Tucson gets 6.4 L/100km and the plug-in gets 6.7 L/100m when not charged. In my case, that's a 0.3 L wasted a day if I get the PHEV which is not terrible. I am not considering the resale value or the reliability of either of the systems. I am warming up to the idea of having the option to plug in my car!
@ghadeershaaya honestly, since this video we've gotten a full electric vehicle.... And once you get the taste of operating on full EV it's hard to go back. I wouldn't blame you for buying the plug-in. I'm not sure exactly how much range the Tucson gets, but almost days where you just run within the range it's so good... 👊 Either way I'm sure you'll be happy but hopefully you pick the right one for you.
Last year my wife and I went through this exact debate last year. I wanted full EV, but my wife was nervous about charging as we do a fair amount of trips and have a daughter who was likely to be attending college at least 200 miles away. We settled on the Toyota RAV4 Prime. We have had it for a year and it saves us a lot for daily driving - my wife commutes about 75 miles/day. That combined with weekend driving and road trips, and we have already put over 40,000 mi in the car in just over a year. our combined fuel economy including full Evie and hybrid mode is averaging about 62 mi per gallon. It is definitely saving us quite a bit of money. It is a toyota, so it doesn't have crazy tech, but it is reliable if you have a family of four I would definitely get this car consideration.
That's fantastic to hear! What kind of real world range do you get on just the EV motor alone? We ended up getting a Tesla Model 3 as we only really needed a commuter and it has been just fantastic. No regrets. With that being said while it's the only thing we want to drive I don't really want to do the big trips with it. At least we'll still have our gas car for that. I know we CAN do it but... I do think you got the best of both worlds 👊
@TheSAHDLife Glad you're enjoying the Tesla. For our RAV4, I would say that we are generally getting at least the advertised 42 miles of range, but often are getting closer to 50. We live in NY so last winter it went down to 38-40 miles when it got very cold. For my next car I'm almost definitely going to get a full EV. Thinking about the Hyundai ioniq 5, but I guess I will see what is available when it is time for me to get a new car.
Really cool to hear. I‘ve been looking at the RAV4 Primes for a bit. The main issue (as with most PHEVs) is the entry price, last I checked, the MSRP for the Prime is almost 20k more than the regular gas version, which can be pretty steep. There arn’t a whole lot of used ones around either, add to that they seem to really hold their value makes it tough to find something affordable.
I am using Toyota RAV4 hybrid for the last four years. It's amazing suv with a lot of gas saving. It's worth now I am planning to buy Toyota plug in hybrid next year
It's a good question and I can't say since I really didn't look into the mileage of efficient ICE vehicle, but it's probably somewhere in the middle. I think if you have or can find a gas Prius in good condition it would be worth considering!
One aspect that is often overlooked for PHEV, is that if you use it in EV mode all the time, your engine and fuel are going to go bad and you'll have premature damage to those. It's difficult to find a place where PHEV would be the best choice. If you do a lot of long trips, a HEV is probably your best choice if you can't live with an extra 20 minutes of charging time (also electricity on fast chargers is not cheap). PHEVs will have bigger consumption because of the extra-weight and you wouldn't get as much benefit of a bigger battery. If you do very few long trips in a year, an EV is a good choice as you won't have those 20 minutes extra a lot of times in the year. A PHEV would probably suffer premature degradation of engine and battery (since the battery is smaller, you do more cycles, even-though it should still last quite long and will be replaced for cheaper). On paper, PHEV is a great idea and I was planning to buy the Prius PHEV. But I ended up with an EV instead after doing all my research because I would be using it in EV mode for 6 months straight so very bad for the ICE. And the EV is so much more fun to drive. Regarding tires, it depends on how you drive. I get the same millage between my EV and my ICE on a set of tires.
Interesting comment! I would have guessed they would have thought of that (gas remaining in the vehicle in some cases for months on end) but maybe they didn't. What EV did you end up getting? And yeah, I mean to be honest the range would never be an issue for us if we went straight EV. We both work from home and it would be a commuter 99% of the time. We could use our other vehicle for long trips though we don't fully trust it won't die on us again (Hyundai!)... but it does have a new engine in it.
Our Ford Kuga PHEV starts the gas engine every now and then to keep it working. It does make it use more gas than it should "need" to looking at our driving patterns.
My friend who i met during an internship, has a 2017 diesel pickup truck, and an aux tank in the bed, about 125-150 gal capacity. Every two months, ge comes to US, and fills up both his tanks, and that saves him quite a decent buck. Says, the tank has paid over twice its cost.
That's interesting. It would be weird driving around with all that fuel... Feels very Mad Max 😆 Sweet though. Probably not the cheapest setup though eh?
I personally dont care about getting new cars every so often, i want something that isn’t going to break down constantly and require a lot of maintenance, i dont care if my car is 10 years old or older, as long as it gets me where im going and looks pretty im good with an EV
@@TheSAHDLifeim loving the look on Tesla model 3 currently, pretty good range, super charging is super available around me as well as normal charging, I honestly would hold on to that car until it literally can’t be driven anymore
We ended up getting a standard range rwd Tesla as they qualified for all the rebates here in Canada... however, since we bought it they have dropped the LFP batteries and increased the price on their base model, so now it's out of range (here in BC) to qualify for all of the incentives. Crazy!
Another consideration is EROEI. Oil is harder and more expensive to extract today than it was 10 years ago. Fuel costs are going up and even in the U.S. we could see $5-7 per gallon gasoline within 5-10 years. Meanwhile renewable electricity and nuclear is expanding and electricity should maintain current prices for the foreseeable future.
It seems like with more people buying electric cars the demand for gases decreased which means the prices seem to be dropping at least around here. But yeah they're inevitably going to go up over time right?
What about a used Tesla? 3 year old Model 3's are going for about half of their MSRP with around $30 to 40 thousand miles. I wonder what they will be worth in 5 years?
I think the money you would save in fuel (depending on your usage of course) would probably make up for any type of depreciation you would encounter. And the quality of life upgrade would certainly be worth it (they are rad!). Honestly I think if you could get one at that price it would really be worth considering based on what I've seen!
My first electric was a 2017 Chevy Volt. I managed to do all my local driving on all electric and only needed gas if I went on a trip that was over an hour away. I had it for 3 ½ years and sold it once the warranty expired. Now I’ve had a Tesla Model Y for the last 31/2 years with absolutely no problems so far. I plan to sell or trade it in sometime in the next year and for the first time I plan on buying the exact same car again. Range anxiety isn’t a problem at all and I charge at home 99% My trick (although maybe expensive) is to own the vehicle just as long as I have the warranty coverage
Pretty crazy it's been so good you would buy the same one... That's awesome! I think the next years model will be a refresh too so that's a good time to do it. I hear lots of great stories like this... hopefully we can do something similar in the near future.
@@timothykeith1367 it’s my policy for ICE vehicles too as I’m old and don’t want to mess with repairs not covered by warranty. I haven’t had any major problems in any vehicle I’ve owned while under warranty
I drive a Model Y and I love it but I’m currently on a road trip from Orlando to Gatlinburg and we rented a Toyota Sienna hybrid and this thing sips fuel like it’s using a straw. Really impressed with it, and to be honest I’m kind of shocked I was sold on the Tesla so easily, though truth be told I am saving a crap load of money. I charge exclusively at home and so far I’ve put 13k miles on the Y at a total cost of $237.
The fuel savings are really impressive with straight EV's. We bought a Model 3 and it's crazy how much we're saving. This video was bang on accurate for our use case... our fuel spending is 1/10th of what it was AND the quality of life upgrade has been massive too. That said, a Sienna hybrid would sure be nice to have. If only Tesla made something with similar practicality. In the next 3-5 years hopefully the EV van's start coming out because you just can't beat the practicality of a minivan...
It's rather dependent on where you are. Home charging and using EV on my Prius Prime actually costs more per mile than using gas only, due to the relatively high electric cost and low gas prices, combined with the fuel efficiency of the Prius. If I get solar, as I'm planning to do, it'll swing the balance over to electric, but then it'd take some time to get the return on investment for the solar installation. The nice thing about the PHEV is that I have the option of using either mode as conditions change, such as if gas prices go CA nuts or something.
Biggest complaint on ALL three types is the high cost of purchase! I spent $42k on an SE RAV4 Prime in 2021. At the time the MOST expensive car I’d ever owned. Traded it in April 2023 for $42k (yes that’s right) and purchased a $47k Pacifica PHEV. I was happy with the resale value of the Toyota. I’m NOT happy with the value of the pacifica. My KBB is now around $28k with 22k miles. I know, many will say well no shit, it’s a Chrysler, what did you expect?! But, that much of a loss in 15 months is pathetic to me. I may be dating myself, but to me $45k is still A LOT of money for a depreciating asset. These days however, $45k seems to be entry level. Same with houses. Everything is inflated and overpriced. For millions of people the cost of any of these; HEV, PHEV, or full BEV is simply too high. What we need are fuel efficient AND affordable cars (all three types) that start at $20k!! I guess I should keep dreaming though because that isn’t going to happen I guess. The Chinese seem to have figured it out with their BYD cars though..
Yeah that's really interesting. Hopefully your Pacifica (which is a really nice vehicle btw... we've considered it) lasts for years and even though on paper doesn't hold high value, is a workhorse for your family. I feel the same as you about the price point... we bought our Sante Fe in 2014 and even though the engine died on us... they replaced it for free outside of warranty and it's running really well. If it was a Toyota we could probably still sell it for 20k right now, but we'll probably still be able to drive it for 5+ years at which point I feel like we will have gotten our monies worth. But yeah, I hear a lot of good things about BYD.
PHEVs are the best option hands down. My 2017 gets 82 MPG; in theory, that's over 1000 miles of range. I charge at home most of the time while I sleep. No range anxiety, no long charging times, no expensive charging costs, low gas costs, great acceleration, quiet operation, etc. BEVs (please use the correct term) have issues: Range anxiety, purchase cost, long charging times, charging costs, charging station availability and compatibility, etc. If BEVs grab market share faster than the infrastructure can keep pace, then chargers could continue to be hard to find. If the infrastructure does keep pace, there is a risk of overloading the grid. HEVs can become stranded assets. My 2001 lasted 17 years. I've already seen two boarded up gas stations right accross a busy road from each other. Do you think it will be easy to find a gas station in 17 years? I doubt it. PHEVs are the only vehicles that keep moving during a grid outage or a gas crisis. (There are two active wars near major oil reservse as I write.) Plus if either energy source gets too expensive, you use the other one. Electrificaiton and decarbonization are distinct approaches to fighting climate change. Because everyone can drive a PHEV, they are the fastest way to acheive decarbonization, making it is the correct goal for fighting global warming. (Not everyone can buy *and* charge a BEV.) PHEVs are sometimes misundersood. The way to drive a PHEV follows: EV mode is for short trips and getting to the highway. Once you are at highway speed, switch to HV mode. Also, think of the traction battery as an extra "gas" tank that gets some "gas" back when you brake or coast, and that you fill cheaply while you sleep.
Hey thanks for the comment. It's really interesting to hear thoughtful comments from people on different sides of the conversation. I know my folks have absolutely loved their Outlander PHEV over the last couple of years as it works for their lifestyle. They are saving lots of money on fuel cruising around on electricity and also have the freedom to make the long trips without range anxiety. I think the PHEV is a great option especially for one vehicle families.
I've heard nothing but good things from the Chevy Volts! I wish we got on that train years ago. I've always been a little worried about Chevy's though you know? I haven't had the best experiences with Domestic vehicles throughout owning cars over the last 25 years.
THAT I don't know. I'm assuming all of them can do it but you'd have to do some research to see which would be the best for it. Hybrids seem to have the bigger vehicles so I imagine they would be the best for it.
Dont be logical. Life is short, have fun while you can !!! In 10years you wont thing about the 10k you lost but all the fun you had along the way ! Plus, tesla model 3 is the most safe car ever
I’m in the UK but I pulled the Trigger on a Merc A250e PHEV. I love it, it’s gotten me good mileage overall. Battery has been relatively consistent with its range in different situations and even when the battery dies, I get ~50mpg on a chilled run up the motorway. The problem I have is right now; I am now looking to get 7 seats, I still have a couple of years on my PCP deal so I went to trade in the Merc… It’s worth £7k LESS than the settlement of the contract! I can’t help but feel that if I went for the petrol only, I wouldn’t have as much of an issue with resale..
Ugh, that sucks :( Yeah I know the feeling. It's tough to say though, you would never know if you would be able to sell it more so there's no point in thinking that way. I think a lot of people don't want to buy Petrol anymore especially since most car manufacturers have said they will stop producing them in the not to distant future. Finding that 7 seater though, were you looking into another Merc? We ended up getting an EV as it fits our lifestyle and just LOVE it... but, they are still missing a few vehicles in the EV world such as vans/mid-sized trucks etc... once those things come on the scene that will be very exciting.
I got a 330e this year and I have zero regrets. Super fun to drive, my commute to and from work is fully electric and my gas bill has dropped 90%. Drove 6 hours this past weekend and hit 48mpg on highway gas only driving thanks to how efficient the B46 is. I went to Algonquin provincial park superchargers in the area are enough to make you nervous. Happy I got it over the model 3. Also, Canadians can relate well to this: finding a charger that isn’t a Tesla is still a nightmare, and half the time you do find them, they’re broken.
That's awesome! Sounds like you made the right choice. We just settled on a model 3 refresh and it's just great for us. We're just charging hip and 120 volt household plug in our garage and it's so cheap. It's working great for us and we love the features. I'd be a little scared to venture too far away from the major hubs here in BC though!
In ten years you would have a worn out hybrid, you dont mention brake jobs, exhaust systems, water pump and timing belt , emissions parts and the price of gas in ten years. If you bought a tesla in ten years you could swap out for a new battery pack if you even need one. Postpone your purchase for two years get a new tesla with a million mile battery and the ability to turn on FSD, which wasn't mentioned but if your my age is an absolute game changer.
Yeah I hear you 👊 I've never considered leading before but that almost seems like a decent idea right now... Lease for a few years then buy an EV. We've had an ice car for 10 years now. It hadn't been too crazy with regular maintenance. That would be sweet of it was cheaper with an electric though.
With the PHEV's it's essential to have easy and cheap access to chargers. I live in an apt building with no chargers and charging around town can be reasonable (.21 cents per kwh or even free), but some stations come at premium pricing that's more expensive than gas per mile (.45-.55 cents per kwh). Also important is the MPG after the battery is depleted. My vehicle gets about 35-40 miles per charge, and after that 27 MPG. At that rate, too much highway driving can quickly lower your MPG. PHEV's work well for people that drive mostly in town and do a few trips outside the city per month. If you're frequently driving over 30-40 miles than a regular hybrid is a better choice IMO.
Thanks for the share. It's interesting as someone just asked whether or not they should get the PHEV vs the regular HEV as they won't get access to charging until they move in a year or so. It was tough to give an honest answer since I actually don't know, but my gut feeling aligns with your experience. They would be great if you had a garage to charge it in every night but otherwise, like you said, regular ol' Hybrids are still great and are just a little more flexible.
I do believe you missed a critical point. All 3 hybrid, plug in, and EV are affected by cold significantly. Not just EV's. My 2016 Prius went from 60 to 70 miles per gallon down to 30 to 40 miles per gallon in the winter. That was an a mild Washington winter. Now I live in significantly colder winter weather. Plugins are affected even more than EVs. My Outlander PHEV goes from between 40 and 75 mpg down to 25 to 35 in the winter. My model 3 RWD (not long range) still had 205mi range at 70mph in the winter. So if you compare all three, the EV is actually affected the least in the winter. There is also very little evidence to support EV resale value being lower than Hybrid or PHEV.
It depends on your driving pattern and the way you set up the interior heating. In my hybrid Corolla, i achieve some 4.4L/100km (54 mpg) in the summer and 5.2L/100km (45 mpg) in the winter. Most of the time i drive alone, so i set up the HVAC to driver only and turn on the heated seat and steering wheel. But yeah, a lot of time the engine kicks in only to produce heat, which is kinda wasteful.
Great comparison. I just don't know how the phev works. Battery used first and then gas kicks in, OR is there a switch where I can use battery until out, then gas kicks in. When battery is all used up in the 40 miles, then gas will take over all the way thus no more battery juice left OR ????, still don't understand.
Thanks for watching. So I think with most newer plug-in hybrids the electric engine is what drives the car. The gas motor is basically a generator. There's a few modes that you can use it in... You can do straight EV mode until the electric is done like you said which is great for around town, or you can put it in charge mode so as you're going downhills and using braking it takes that energy and charges up the battery slightly... We've gone down massive mountain Hills in my parents plug in where it almost charges it full going down a giant Hill which is crazy and cool. But the power is not as efficient when the electric battery is completely dead. It's just nice that you could leave your house and drive across the country just going to gas stations only if you wanted to, or, you could use it for scooting around town at a fraction of the fuel price on straight battery.
Yeah that is a topic worth considering for sure. I think gas will be around for awhile but I know what you mean. We still aren't sure what we'd buy if we bought one right now. We've kind of gone full circle!
Not going to happen. ICE cars are going to be around for decade’s because there is not enough electricity available. The price of electricity for the average person is going to break the bank. EV cars will have to start paying road tax. If the road tax was taken off of gasoline EVs would never pay for them selves. Free money from rebates haha that’s your tax money. 90% of people will NOT be able to charge at home.
I have gone with a person in a Toyota full hybrid at work, at that job they also had a Volkswagen that runs on CNG gas. even though the gas car has less horse power, it is more lively. Can it do that if it runs on gas or if the car probably has both a turbo and a compressor. Volkswagen's gas cars had it in the past anyway and according to technical data, they would choose a maximum of torque from 1500 rpm
What are the chances new battery tech/advancements will be able to be integrated into older EV's ? IE your Tesla battery needs replacement in 2030 go to auto parts store for after market SS Battery like you do with the 12 volt battery now?
That's a good and interesting question... and I don't know the answer. I'm not sure what current battery replacements are like for, say old Priuses... I wonder if they have improved.
I know the replacement batteries for the Priuses are better than the originals and relatively easy to install. And I know China is making cars rather than charging you. You just replace the battery. You go into a station and the discharge battery is removed from the car and the new battery fully charged is installed. Kind of like electric motorcycles where you just take out the batteries that are currently in the motorcycle that are discharged and replaced it with new batteries? I'm thinking by 10 years we should have that technology for cars too
Interesting question, and I don't know. If I knew the battery wasn't going to cost $20,000 to replace on a used car that was out of warranty I'd feel a little better about it? Maybe...
Hi SAHD, very good video. I would like to add some key points to this topic: 1. Batteries will become much cheaper in 10 years if you look at the price trend of EV batteries. 2. According to HLDI, Tesla is much safer than most hybrid cars. I personally value this a lot. I'm not sure if the hybrid you mentioned has AWD; if not, driving in any Canadian city other than Vancouver will be challenging in the winter. 3. Hybrid cars don't depreciate as quickly because their current supply doesn't meet demand (especially for Toyota). However, once the supply meets demand, they will depreciate faster since hybrid cars have higher maintenance costs than EVs and gas cars due to having both gas and electric engines and the fast technology advancement in the hybrid market.
Hybrids do not have more maintenance actually because hybrids don't have an alternator, starter, or serpentine belt that has to be replaced over time like a gas engine.
I am having the exact same dilemma and research as you! I decided on buying an efficient hybrid now (since I can’t charge at home) and to buy an EV later when I can afford it for around town driving. PHEVs get the best of every world, but really they are trying to do too many things. They can go full EV for around town, they get quite a good range with gas, and they’re fast and fun to drive. However, if your family has 2 drivers, I think it would be smart to have one car that can go far on one tank and is very fuel efficient (and slow) for long road trips or drives, and an EV for around town driving/commuting.
Nice! What'd you get? And yeah I agree... we ended up buying a model 3 (because we DO have the ability to charge it at home) and it's just amazing. We're at like 5,000kms and it's cost us $117 CAD?! Insane! Plus it's fun to drive. Would love to have a Hybrid to compliment it for road trips though but our ICE car still works. We just hate driving it now lol.
@ I think I’ll go with a 2022 Hyundai Ioniq hybrid blue if I can find one, maybe a few year old Prius too. The Tesla would definitely make me happier driving haha so that’s awesome that y’all went with that! It definitely lowers that monthly fuel cost a ton I’m sure
Yeah I think for us if we buy just ONE vehicle for the fam it would be a hybrid. If we could afford a second car then maybe it would be an EV. Hybrids are just so versitile.
After watching your video and advice. I shell buy 2026 Toyota plug in hybrid. Right now i have hybrid Toyota RAV4 for the last 4 years and its one of the best choice and saved the money. On an average it gives me 17 km average on gas and ev combined
Nice! You really can't go wrong with that. Since this video we ended up buying a Tesla Model 3 as a commuter car (since we already had a gas car) and it has been absolutely fantastic for us. Honestly after having an EV I'm not sure I could ever go back. With that being said if we only had ONE car then a PHEV still gives you the most flexibility. You gotta figure out what works best for you right!?
I would love to have a Tesla If I could afford one as for the battery I am sure the future Solid state batteries will be able to replace current batteries.
I've been doing some checking recently and on the Gen 4 Toyota Prius primes, so 2016 through 2022. It looks like it is about $14,000 to $15,000 to replace the high voltage battery in them. One of my local Toyota dealerships said that their price the wholesale price of the battery was $11,800 and they're probably going to add another $1,000 or so to the cost of that battery in getting it to me and then there's all the labor hours for taking the old battery out and putting the new battery in and reflashing the car's computer and ECU to play nicely with the new battery.
Yeah that's not cheap! I mean that shouldn't be necessary for what 10 to 15 years still based on how long the older ones have gone? That generation even though it doesn't have quite as much power they sure seem efficient. And I can't tell if I love or hate the design of the rear of that car lol
I had owned a 4Runner for 7 years and 120,000 miles. Bought new for $46k. I got $20k when I sold it and bought Tesla model 3 Long Range AWD. I had spent over $25k just in gas to drive my 4Runner. If I would buy Tesla I would save $17k just in gas. So my 4Runner had cost me $43k combined gas and depreciation. And I paid $45k for my Tesla. So basically Tadlą can be worth 0 after 7 years and it will cost me the same as haven Toyota 4Runner.
Yeah I was kinda feeling that way too when I was mathing it out... even if you get ZERO resale, at the end you were left with a great time driving around with barely spending money on fuel. It all seems to even out. We are still on the one vehicle but seem to lean more and more towards the EV. The EV would be a no-brainer for a second vehicle, but if we just replace our ONE family vehicle it's still a harder decision.
Another idiot comparing an off-road tank with light passenger car.....why didn't you just toss in a moped while you were at it. Try comparing a Toyota Corolla and see how stupid your numbers are Goober
Your 4Runner isn’t a smooth ride like a Tesla model 3. The speakers are much better and the comfort overall is beyond a Toyota. In 7 years the price of fuel will go up while increasing Sun Wind and Battery power will make electricity cheaper.
@@marcc.490 Scary to think people like you roam the streets, or worse even vote. 4-Runner is an off road vehicle, not a car dummy....no comparison. Electricity will NEVER get cheaper with solar or wind...not possible, and fuel only goes up because of Marxist democrats in office that refuse to drill for oil. Your Tesla piece of shit will be dead at 120,000 miles and need a new battery at $20,000. Get off moms computer kid....
Yes, the much higher depreciation when coming to selling it or trading it in and replacing the battery. New battery technology will be much better by then and a newer much better cheaper vehicle by then. I would stick with hybrid or plug in hybrid for now. As long as your vehicle is running well for now it all good.
I bought a used five year old Chevy volt five years ago. Every penny I've spent on maintenance and repair on this car (which has been a lot) was because of the ICE motor. My fuel costs have gone from about one hundred fifty U.S. in gas to about thirty U.S. in electricity. I am saving every dime I can to be able to afford a good fully electric car. If the pricing for electric cars was equivalent to I.C.E. I would be satisfied fully electric car owner right now.
Bummer to hear about the annoying maintenance you've had with the vehicle but those fuel savings are no joke. Very interesting. What do you think you would get next if you could?
Glad you found it. We ended up getting a Tesla Model 3 as a commuter since we have an ICE car for the family and couldn't be happier. EV's are incredible. BUT if it was our only vehicle then I might still consider a PHEV. But honestly now that we've had an EV I don't know if I could ever go back.
I think this is old thinking being improperly applied to new tech, specifically with the depreciation for EVs. Fundamentally, the plummeted resale value of electric cars recently has been because of technological innovation rather than the asset in question losing its functionality/deteriorating. Remember, 5-year depreciation figures by definition lag 5 years behind the current models. I think the technology has matured significantly in recent years, leaving much less maturation in the near-mid term future. Take the Apple's MacBooks. The resale price of an x64 MacBook air is ~30% original price but an M1 is ~70%, because there is relatively less maturation between M1 -> M3/4 than from x86 -> M1. I believe 2024+ Model 3 and 2021+ S/X will see significantly less "depreciation" than older models, so I think it's worth it. Or just buy a 2021-2023 Model 3 for like $28k US and call it a day!
I think you make a great point and I do agree with you. Unlike Apple however there is a lot more competition and marketing in the auto industry which makes what you mentioned easy to forget. Heck just watch any sporting game and see the amount of car ads that play. It's crazy! I think when it comes to Tesla specifically, because they were so far away from the competition experience wise... While guys like me have wanted to jump on board for years, I worried about rickety build quality as all my friends with 2018/2019 Tesla's said they rattle years later though they still run well. My cousin has a 2021 Model Y that she wants to sell and my wife and I wonder if we should consider hers or if it's worth the extra 15k for buying new. Tough call. I'll chew more on what you said 👊
I think picking up your cousin's Model Y would be a great idea! 1) You know that specific unit's build quality 2) You get a big discount on the price compared to a new one 3) You trust the previous owner and know they aren't hiding any big problems/repairs from you I don't own a car currently but the sheer thought of having to do (& pay for) the maintenance on one drives me insane, so personally I would LOVE the lack of it on an EV
@alejandrowilcox8198 those are all great points. It sure makes a big difference buying a used anything from a trusted source. Those 2021s still look pretty slick too! But yeah having a vehicle is a lot. We've managed to only have one vehicle for so long which is just been great but every now and then there's a time where we need two vehicles. It's just so much cost for not very often you know? Hard to justify.
Heh, well, we've owned an EV for 4 months now and charge it exclusively in our garage. But yeah, saying that in the video might have been a bit over the top.
Thankfully I'm not a car whore and I can keep the same vehicle for a long time. BEV all the way. But if you truely care about resale as in you wont keep the vehicle long stick to gas for now. As a mechanic I can tell you outside the best hybrids (toyota) plug in hybrids fail more often than any other type.
Yeah word. People buy vehicles for so many different reasons. Some people are very practical while others are more emotional. If you keep the car for 5 to 10 plus years I think the fuel savings really matter and the resale not so much. But that's great you're able to work on it yourself and customize it to just how you like it.
A hybrid car is two cars, a bad electric car and a bad gasoline car, inside the body of one car. A hybrid car is big on the outside and small on the inside. A hybrid car has a more complex construction compared to any other car. All cars need to be maintained and repaired.
Yeah I hear you. I've never owned one but it seems like an interesting compromise between two technologies... But I agree kind of seems worse at each of them though might be quite convenient at times
@@TheSAHDLife A gasoline car can be compared to a chemical factory. It has catalysts, analyzers sensors. My car had a problem with the exhaust gas sensor. The car had driven only 80,000 km and the sensor needed to be replaced. During the repair, the original, but unfortunately low-quality sensor was installed. In order to get the car working properly again, I had to go to the car dealership 4 times and it took me two months. After a few months, it was necessary to replace the adblue pump, which cost €500. All hybrid cars have countless sensors and other wonderful devices. The difference is that a gasoline car has room to change parts. But the hybrid car is so tightly packed with equipment that the car has to be disassembled to get a part during repairs.
Great and very detailed video. Curious if you have or would run the numbers and pending the outcome consider leasing? That way you get the fun of driving an EV & potentially qualify for dealer, Government or both incentives without battery anxiety since you'd turn it in in 2 or 3 years?
Thanks! I haven't run the numbers but there have been a few compelling comments on leasing that have made me want to. I'm certainly not opposed to it... I have seen a few people on RUclips run some math and it really seemed like buying was the smarter choice, but I haven't work for the salesperson and dented on my own yet. Maybe I should! 👊
Such as great presentation, I've had my 2018 (6 year old) Hyundai Ioniq 28kwh for the past 4 years and the battery is 97% health after 73,000kms, It is so much fun to drive and miss all the petrol stations, oil changes etc. Would not go to a petrol car, the extra cost of poor resale value and deprecation value - I do not care, it is fun to drive than driving something that drinks dinosaur juice. Looking forward to my next purchase the long range 77 MG4 EV.
That's awesome! I do like hearing good success stories like this. We want a Hyundai for 10 years but the engine died on us despite parking in the garage and regular maintenance at about 50,000 miles. I'm not going to lie I left a bit of a sour taste in our mouth but it's running great now it has a new engine. You would buy another Hyundai?
@@TheSAHDLife I wish Hyundai continued with their classic Ioniq by now they could have put in a larger battery like a 70 or 80 kwh, the economy in this thing is amazing, in the 77k kms the only issue I had was the charge actuator was faulty and would not charge the car, but this was replaced under warranty no problems since. YES would def buy another but ALAS they do not make EV's like the classic Ioniq anymore so heading over to the MG4 77 as my next purchase.
@@clayton4115 Wow that's really cool. They don't sell those here in North America unfortunately, at least not that I can tell. How long do you thin you will keep your current Ioniq?
@@TheSAHDLife I love driving my current Ioniq however due to the poor state of ev infrastructure here in Australia is it not good for country road trips. Will be upgrading in the next 6 months or so to the MG4 77. The Ioniq is going to my wife as she likes driving it more than her Kia Picanto 😄 and she only does around 5000 kms per year and in a few years time my daughter will get her L's so it may be in the family for quite a while.
There is another option. Which is what I did. I didn’t have to spend $60k US on a $60k car. I bought a “used” CPO $60k ev for $40k with 3000 miles on it. it’s amazing and I wouldn’t go back. Also, phev doesn’t have heat in the winter unless the engine runs. Living in the northeast that’s an issue. Ev with heat pump is great. I can warm up the car from the app in the morning without even opening the garage door. Bliss
Yeah I hear you. I wonder if Honda's or Toyotas of that year similar model go for more... But they cost more also. So many factors to consider. Did your car need lots of repairs over the 10 years?
It's a good question but since I've never owned them I can't really weigh in on that truly. It sounds like every car has regular maintenance as far as tire alignment and breaking goes etc. maybe the engines and batteries might need different maintenance due to oil changes or I don't know exactly what EVs need but... It's probably prudent to get it regularly checked. The older I get the less I like to mess around with things like bad breaks or bald tires. It's just not worth cheaping out with that stuff. I have... And paid for it!
I hear you. Every time I meet people that own EVs I'm always curious in asking them how their experience has been... And honestly everyone has positive things to say including my friend who has a 2018 Tesla which he bought new. I believe he has over 150,000 km on it and has had minimal maintenance. I don't think it's for everyone and I don't think everyone is going to buy one anytime soon but it's just interesting to talk about you know? My family could use a second vehicle so it's interesting to think about what we should get... The reality is we should probably just buy a used old cheap car for now. But it's hard not to consider the advantages of electric at least theoretically.
@@TheSAHDLife I am not saying those advantages don't exist. Just very tired of government putting the horse before the cart and the tax payers reap the burdens... thank you for your comments.
@@TheSAHDLife My wife and me bought a new Prime in March (after waiting 21 months for it to arrive). We would have purchased a BEV, but here a Model 3 costs $62,000. Our 24 Prime was more than $20,000 less and, we got a $5,000 rebate from the two levels of government on top of that. Our primary reason for going with the PHEV was to reduce fuel use for environmental considerations and, it's working fine. Since mid-March we have put in just over $46.00 worth of gas and that was only to make a road trip. The dealer gassed-up the car for us and that fuel lasted for 3,000Km. Could have gone further if the weather had been warmer ! At this stage we think hybrids and PHEV's are The answer for the environment and our purses.
@@TomLawlor-iq6gm That's fantastic. It's what we hope our situation would be, but it's gotten a little cloudy the more research we've done. Nice to hear real world examples 👊
You missed a key point. The extra money paid for a new EV is subject to interest, but this important detail is often overlooked. When purchasing a new EV, the higher upfront cost compared to a traditional internal combustion engine (ICE) vehicle is typically financed through a loan.
Well that's why incentives can make a big difference right? We ended up buying an EV and through rebates and referral we saved $10,000 on the sticker price which made the vehicle even less to ICE vehicles of similar features. But yeah, without those rebates it wouldn't have been such a good deal.
Thank you. This info has been really helpfull. I just leased the mercedes benz eqe 350 and bpought the GLB 250 gas. The sticker price for the eqe 2024 was $72,000.00 compared to the gas model which is close to $85,000.00. I got a $15,000.00 government rebate which brought the price down to a very attractive $57,000.00. This vehicle is very comfortable and the xtras are amazing. The range is 260 miles. I average about 500 miles a month. I charge it twice a month at 80%. If I have to go on long range trips, I use the GLB 250. It is amazing as well and my wife loves it. I will not be putting too many miles on the GLB, I will be using the electric more, since it is leased, the GLB will maintain a good resale value. In anther 3 years technology nwill be in the consumers favor. Thanks again.
Sounds like a nice fleet of vehicles you've got! What is it that draws you towards Mercedes? I briefly owned a German car in the past and, well since I inherited it from my dad who let it sit for awhile, oh gosh it was so expensive to fix/maintain. I imagine they are built well and have a very refined drive though. And good for you... those incentives are huge! The tech has been out for awhile I think you're crazy if you're not taking advantage of those incentives. We just got an EV yesterday (I'll talk about that in a video soon) and, honestly I don't even want to drive the gas car now lol. It's so fun. Thanks for watching and sharing! That's really interesting about the range/costs.
I just purchased about 2 months ago after lots of reading and researching. I decided full EV as I will own the vehicle for a good chunk of time and I am grateful with my choice. My only regret is I didn’t buy 2 years ago.
Thank you! I have been considering a phev for awhile now and you made it so easy to compare the annual costs, incentives and 10 year costs to consider the overall value. I'm a geek and loved the numbers! I will let you know what I decide. I had not considered a Toyota before and plan to test drive one now. Due to the consideration of the longevity future resale value/ Currently, I prefer luxury styles vs truck style so we will see how this compares to the others in this class.
Glad you found the video! It was a lot of fun really breaking it down... For us it's an easy choice if we e going to get two vehicles, but we can still get away with having one for our family so for that it's a bit of a trickier choice. What are your top considerations?
The oldest Tesla S is about 11 years old, the ones that had autopilot 2.0 were apparently able to buy an upgrade to the infotainment system. including other Teslas that were manufactured well before 2018
Our Tesla has already gotten better since we bought it 2 weeks ago. They included a new summon feature that wasn't there when we bought it which is pretty cool. The fact that these cars get better over time is impressive.
Honestly, I wouldn't buy anything other than a Japanese car, and Toyota and Honda are right there for me. Even Nissan are getting better without Ghosn there. But PHEV, Toyota has the upper hand I think, although Mitsubishis look good, and Australia loves them.
I'm kind of right there with you... I hear great things about Lexus but they seem a little out of range financially though I really haven't looked into it. My folks and best bud have Mitsi phevs and are happy with them... Who knows what the resell will be like on 5+ years though. Will anyone want them? I wouldn't want a 2019 Outlander PHEV really... The range would be so bad. My folks is a 2022 with a battery range of about 40kms... My friend just got a 2024 and says he gets 80-90 per charge but he's a bit of an exaggerater. They say online it only gets 61. That's still 50% more range in just two years though.
That's something I haven't heard about... interesting. We definitely have cheap electricity here compared to a lot of countries in the world... for now anyway. What are you driving?
@@TheSAHDLife prius and model3 but after driving the ev I think the hydrid is quite unresponsive. Of course, it doesn't help to have a small and old hydrid 2011 with 81K miles. The ABS system (cylinder master/booster and the brake pump) of the prius would cost more than $3000 to fix at the dealer and more than $2000 at any shop.
The simple hybrid is by far the best choice. Especially Toyota Prius. The traction battery is only 70 pounds, the size of a toaster oven. And the vehicle gets 50+ MPG. Extremely reliable, extremely efficient, extremely proven. I’ve driven this car for over 10 years with zero problems.
I agree with you. It's about 15 miles round trip from home to work. My work has the free level 2 charger in the garage. I test drove ford escape phev, and I actually like it. I calculate about $400 per year for gas, maybe a lot less, if i get the ford escape phev. Comparing me. Driving my car, I spent about $3000-3600 per year for gas. Plus, it's expensive full coverage insurance. I do use my electric fast scooter sometimes. No car payments or loan. One that makes me not buy the car is car payments for next 3-4 years. Hadd to decide..
Hard to decide indeed. We've ramped up our driving and think we've decided on the Tesla Model 3 base model since it has the LFP battery and is just chock full of features while still qualifying for the FULL ev rebates here in Canada. It took us a lot of research to get here. I test drove the Kona yesterday and it was decent but just lacks so many features you get in the Tesla.
@TheSAHDLife I was about to buy a tesla model 3 before the pandemic. I didn't pull the trigger because of the charging issue. My house garage has the 240-volt connection, but knowing me, I will forget to charge the car since I usually forget to charge my phone. That's why I am leaning to plug in hybrid. It's very hard decision. I usually drive japanese cars like infiniti, lexus, and subaru. I had a bmw 3 series with the dual clutch transmission. I am financially free and really don't want an auto loan for next 3-4 years.. Hopefully, the plug in hybrid will get more electric miles and I definitely will pull the trigger
@@windblower5 The wife and I JUST made the decision we are going Tesla Model 3 for our 2nd car and getting the base model rwd as it qualifies for the FULL rebates in Canada and comes with incredible features in the base model (air cooled seats, screen in the back for the kids, seat memory, etc). We have done SO much research but this seems like the best thing for us. If it would be our only car it might be a different decisions but since we have a AWD ICE SUV for the family the Tesla it is. Although I'm a little concerned about being a Tesla owner to be honest. I have zero interest in talking about Elon.
It didn’t really seem like a question to me. I would either buy a fully electric, a fully combustion engine, or a hybrid. Never a PHEV. What the fuck am I going to do with 26 miles?
Hehe, I hear you. My folks for example are retired and live 6 miles out of town... the PHEV is enough for them to run to town to do some errands, come back, plug-in, and rarely have to ever put gas in... so they're on EV almost 100% of the time but then they have the flexibility to drive the 300 miles to come see us on a tank of gas. We ended up getting an EV and for our lifestyle it's just the best.
While I am USUALLY a big fan of Mazda, I feel like I need to share with you... a friend of a friend of ours bought that vehicle 2 months ago and it was in the shop EIGHT times during that period. She ended up trading it in at a huge loss and getting the non PHEV version. I'm sure it was just a lemon and the rest are hopefully much better than hers but... just throwing that out there. I'm a little skeptical of models that haven't been around that long. It's tough when you want 7 seats though. My other friend recently got the 2024 Outlander PHEV and has been happy with it. It gets over double the electric range of the Mazda too.... but it's a Mitsubishi. I do like the fact they went all in with the PHEV like 10 years ago. It's a bit more confidence inspiring. The Mazda WILL be more fun though and if you get a warranty then hey, it should be fine. There will always be horror stories though whatever you get hehe. Sometimes you just gotta pick one and go with it.
I bought a used 2020 Bolt EV with 40k Kms with new 8 year battery and new 8 year warranty (GM recalls) for $22,400 CAD total (no PST). Technically a brand new car in a used price tag! I charge at work Level 2 for free. Rarely I charge at home for 5 cents per KwH. Suits my needs. My last vehicle was a Dodge Caravan where I spend $500 per month on gas. I save 6k a year! And in 4 years my Bolt is paid off.
Amazing! That's rad. Nice deal!! We bought an EV over a month ago and are just loving it. We saved a few hundred bucks in fuel already. We still have our other gas car but rarely drive it now. It's in great condition but I just don't even want it anymore 🤣
@@TheSAHDLife yes glad you are loving your EV just like me! My other car 2006 dodge calibre awd is just used once every 3 weeks now. I just put $30 gas on it and felt i was ripped off!!! I bought it 8 years ago for 3k and looks like it is dying. So I am contemplating buying the 2024 Chevrolet Equinox EV with 513km range for 51k. It has amazing deal at the moment. Federal $5k, BC $4K, $3k GM website, $1350 GM preferred pricing, $1250 Costco and 1k Student/First Responder with 0% for 48 months. Upto $15,550 discounts. 51k minus $15,550 is $35,991 total. Very tempting as this will be my first brand new vehicle purchase if ever.
@@StrikeFirst01 Hahaha that's hilarious about the $30 of gas feeling like a rip off. I can totally relate. And ohhhh yeah that's a juicy deal for sure! I'm not the biggest Chevy fan but if it comes with a full warranty, for THAT price... that's tempting. Have you driven it yet?!
@@TheSAHDLife yes equinox was a nice ride. Thinking about purchasing it but i would probably wait. Just dont want another monthly payment for now. Loving the freedom of no payments
Thanks for saying! Glad you found the video. A lot of comments mention Tesla's being cheap and how leasing is a great option but, jeez, here in BC those options are still just a little too much. I think leasing could be an interesting video to talk about but again it might have such different results depending on where you're from.
Yeah I don't think it's a reason to make or break a buying decision... It was just something I had never considered before about the weight and how that might affect tires.
BEV’s are so not there yet. I can drive my old Hyundai Sonata ICE vehicle from Western Washington to Utah in about 12 hours. I mapped out that exact same trip in a Tesla Model Y, and it’s over 18 hours. I don’t know very many people who are willing to put up with that inconvenience. Not me.
Yeah my conclusion is that they aren't for that yet you know? They are great if ALL you do is commute, or need a second car for running errands... and you have a main car to use for the road trips.
Yea I called mine just a week ago and I have AAA and they wanted $5k a year for a Tesla Model Y and $2100 for a Toyota Grand Highlander. I’m guessing it depends on the insurance company and I’m almost 40 so it is not age.
@@iamgladiator Do you own the Grand Highlander? That's pretty high on our list of vehicles we'd love to own though it's a bit pricey. If you have it are you happy with it? Would recommend?
@@TheSAHDLifeI was in line to get one then they went on a stop sale for the airbag issue and earliest they will be back in production is late August 2024 and my family and I needed a car now so we went with the Toyota Sienna and really like it a lot. Gas mileage is great and is really comfortable and roomy even for myself who is 6’4”
Living in the UK I went from a diesel to a plug in hybrid then to an EV. Finally decided to go back to plug in hybrid as it suits our lifestyle better than a long range EV. We kept an older EV as our 2nd car for the last 8 years and plan to keep it until its RIP 😊
That's interesting and sounds like a good setup... something we would like to have as well. Do you mind if I ask which vehicles in particular you kept?
Yeah there is a lot more complexity for sure. We ended up getting an EV and love it so far. I'm skeptical it'll be extremely reliable so we'll see! Fingers crossed.
I bought a Toyota Venza hybrid. My brother bought a Tesla Model Y. I live in Rio Rancho, NM. He lives in Phoenix, AZ. He has good infrastructure around him. He comes out to visit me around twice a year. When he is here the closest supercharger is 12 miles from my house, so infrastructure here is lacking. This and resale is what made me decide on a hybrid. Right now New Mexico is a big open state with lots of places to visit. A full electric vehicle would have trouble getting to many of them without charging, and charging is not an option. It's not just inconvenient when out of town. My car has averaged around 44 mpg since I have owned it. I can go to any corner of New Mexico and back without the need to refuel from my location. That was worth it to me. That being said, a used EV may be in my future for short trips around town, as I could take advantage of their rapid depreciation.
Is the stinger pretty fun to rip around in?! Those look sweet. Is her hybrid mop the floor when it comes to fuel efficiency compared to it or not that bad?
@@TheSAHDLife it's definitely a lot of fun, and a smooth cruiser. I don't drive much but the cost of ownership is certainly higher at around 2x-2.25x per mile 2023 Stinger GT - $2000 on premium gas over 12000 miles at an average of $3.78 gallon and 22mpg VS our 2020 rav4 xse hybrid $3000 on regular gas over 36000 miles at an average of $2.80 a gallon and 38mpg
I just bought the 2024 Hyundai Santa Fe hybrid and I absolutely love it. Get around 550 miles until you have to fill up. Depending on how you drive it.
Nice! You know, we bought the fully loaded 2014 Sante Fe and I have to say, the features are still fantastic and the car feels great even today. It would be nice if it were a hybrid etc but you sure get such good value from Hyundai's right? That range seems awesome.
HEV is the cheapest option. However, if you can charge at home and do more than 20k miles per annum or can get tax rebates, i do recommend PHEV for you. For me, it is a PHEV.
HEV is a great choice. We ended up going full EV and is incredible. It's hard to find the right vehicle though! Definitely requires lots of thought. 2,000kms has cost us $35 CAD in electricity!
@TheSAHDLife the new prius phev is not much different in price from model 3/modely in the UK. Our family car is modely, which would mainly driven by my wife. I just wanna clarify once more. If you went for the prius prime , would you have gotten tax rebate? If yes , by how much would it had be cheaper than model3 with rebates? Thanks, Dayo from UK.
@@dayoadeosun1520 Yes, we would have gotten a $7,000 CAD rebate for a hybrid as opposed to the $9,000 we got with the full EV. Also because we used a referral code we got an additional $1,000 off the Tesla. Since I do like some bells and whistles I would have gotten at least the mid-tier of Prius Prime which is 47k compared to the 49k of the standard range Model 3 which is what we got. They would have been very similar in price at the end of the day and I feel I personally am way happier with the refreshed Model 3. Hope that helps!
@TheSAHDLife Thanks for the clarification. I am convinced that owning a prius prime is cheaper than a model3 but you went for the car you liked and that is the most important part.
When I was talking about the resale value of cars bought today in 10 years from now, there are 2 points you in the comments have pointed out... #1 - my estimate for the Prius (despite having the new design) WAS too high and it's probably more like 15k as opposed to 25k. And #2 ICE cars might not have as great resale in 10 years either since they will likely be less in demand. Who knows! I will also add I just checked in with my friend who has a 2018 Tesla and he says while the build quality isn't great compared to his 2018 Toyota 4Runner (doors closing tight, rattling while driving etc) he has said that the Tesla still runs great in 2024 with 100K+ mileage on it. That's reassuring.
The Prius is made in Japan, check out the build quality in person
@@LucasFR11 Interesting! I drove the non-Prime Prius a couple weeks ago and it felt great. It was surprisingly comfortable.
The strange thing about the chemical soup you get in Lithium based chemistries is they age even if you don't drive the car - think trying to charge up a battery that's just been sitting in a drawer for 10 years.
There are so many examples on the Tesla forums of the batteries lasting over 200k miles, but also ones failing in under 40k miles just from the age of the vehicle and likely other factors like how often it was parked in the cold, or in direct sunlight, how often it was supercharged, how often it was discharged below 10%, or above 80%, or more basic things like the battery housing developing a leak over time.
More worrying there are many examples of batteries showing minimal degradation but going from 50% charge to 0 in the space of 1 mile, or shutting off on the road when you try to accelerate. You may have experienced something similar on a 3-5 year old phone battery where you try to make a call and the phone reboots because the cells cannot provide the required voltage anymore, despite the battery health showing 85%.
@@DigiDriftZone Yeah that is interesting to consider for sure. In the past I definitely felt more examples of that... but I feel like my Samsung S21 is still going strong. Not sure I'd want to base buying a $50,000+ vehicle off of that experience though!!
@@TheSAHDLife Garages are adapting and are getting the experience to work on EVs. A 15k battery replacement will be cheaper in 3-5 years since they will be replacing dead cells/packs instead of the full kit. Go watch electrified garage videos !
Funny things is, they talk about oil changes as being an annoying things, but don't consider about hour long charging time as annoying when you are planning for a long trip
Yeah I hear you... but for some of us, we will do 100% of our charging at home. That would sure be annoying though, especially as charging stations get busier and busier.
It really depends on the charging archetype of the EV. They don’t all charge at the same speed. My husband has the fastest archetype charging infrastructure in his car and fully charges his Ioniq 5 at a charging station (fastest charger) in 15 min. The Teslas don’t charge as fast. If he’s not on a road trip he uses our regular level 1 charger at home and it takes 12 hours. He’s got enough range (about 330 miles) that he doesn’t drive enough during the work week to even need to charge it every day.
Thats because it’s not an hour to charge. Just got back from a roadtrip in an EV and 19% to 80% charge was under 25 minutes. From 47% - 80% was 14 minutes. It’s not an hour. It is longer than a tank of gas fill-up. But even during that 25 minute charge I was still waiting on my order at the local Wendys. So if you plan around them it’s not that big of a deal.
Charges at home are slower and done overnight but supercharges are the ones you seem to be referring to and they are much, much faster.
@@Alopen-xb1rb exactly- it’s not even close to an hour, depending on the type of car. VW ID4 is still about 45 min I hear. Most people (especially with kids) while on long road trips need to stop every 2-3 hours anyway, even if you’re driving an ICE car. We were at a QT gas station in GA the other day and waited 20 min for some of their fresh pizza- if my husband had been charging he would have been done by then, plus then some.
The Hyundai Ionic 5 has 1 of the fastest charge times if that is the goal.
We finally got our new 2024 Prime in March. Our third Prius. Very pleased with the first two (non Prime), and each averaged 4.4 L per 100Km year round. When we made the deal for the 2024, the dealer offered $10,000 for our 12 year old Model C, half of what we paid new. I don't think that in 12 years a dealer (or anyone else), will consider paying 1/2 the original cost of a Tesla considering the price to replace the Traction battery.
The new Prime ? We have driven it 3,600+Km so far and bought just $45.00 (a half tank), only because we had to take a road trip. And, oh, it cost more than $20,000 less than the cheapest Tesla. I like these numbers.
That's awesome, thanks for sharing. Jeez we still go back and forth almost daily. For awhile there we got really excited about the fuel savings of a full EV but we would be able to charge our car every night at home and might be able to get almost those same savings with a PHEV plus all the advantages to NOT buying an EV (like resale / trade-in as you mention). I'm really glad to hear from an owner so thanks for chiming in.
Is there anything you don't love about the car?
@@TheSAHDLife Very glad to hear it was useful to you.
My biggest beef with the Prime is the absence of a spare tire. I know tire technology has advanced and flats are less common but, they do happen. We had our first two Priuses for 16 years and had just one flat. It was sidewall damage, so, without a spare we'd have been stuck. Our tires are quite low profile and our spring roads are always covered in "road sores". The "Fix the Flat Kit isn't capable of addressing a sidewall tear. That means a tow-truck. Where we live, "breaking down" often means having to wait a very long time for rescue if your not near a community (which describes a great deal of our province). You can buy a spare tire kit from Toyota for the Reg. hybrid that fits under the hatch floor (why the bloody thing does not come with the car is a mystery). However, the kit will not suit the Prime, too little room due to the bigger battery. We plan to source a set of rims and tires for winter use. We'll seek out inexpensive 17" rims and the closest tire size to the 195-50's that came with the car. At the moment, no manufacturer makes a winter tire in the oddball OEM size. This route offers the added benefit of giving us a spare (in both seasons). So, should we take a road trip we'll just throw a wheel in back.
We both really like the car. And, neither of us has encountered the issues many other Posters complain about.
Michelin now has a 195/50R19 winter tire
@@johnshapland3464 Thanks John,
Ya, last time we visited Toyota they told me there are now two tire brands that offer the OEM size as a snow-grip, and, they provided a quote. $1,098.85 (CAD), for four Toyo 195's including installation. Our Prime is the SE Model so, it has 17's instead of 19's. I imagine the 19's would cost considerably more from any vendor.
They also quoted us the same tires but with steel rims to match, for $ 1.706.51. We plan to have this car for at least ten years so, having snow tires on winter rims would save us around $2,000 in wheel "swapping" costs over that period if I change the wheels myself seasonally. Not to mention sparing the nice alloy rims that are under the OEM hubcaps from our harsh winter conditions. The cost for the rim-tire option includes $60+ for matching lug nuts (the OEM ones won't fit the steel rims).
Glad I asked as we had done a little digging into alternative tire sizes and almost bought some. We could have bought 215-60-16's from Canadian Tire (with steel rims), for $1,097.47. The difference in the diameter from the OEM 17's is actually very small and would not be noticeable in any practical way. However, the Toyota service guy explained that the steel rims from CT (and other sources), will not work with the Prius because the back-side "dish" of the rim is not large enough to accommodate the brake disk assemblies and would cause damage during winter use when snow/ice clings to the wheels.
BTW, not only are the replacement 17's less expensive to buy, the smaller wheels give much better milage than the 19's. Our 2024 now has just over 11,000km on the OD. We are still using our (only), third tank of gas ! In summer temperatures I can get over 90km in EV Mode and, that's driving at or above posted speeds in quite hilly terrain. If we had much in the way of flatter roads here I'm sure we would see 100+km. Our only highway trip returned 62mpg. This is our third Prius and by far the most efficient.
$20,000 less? I don’t think so…$35,000 with tax credit for Long Range RWD in USA✌️Same price as a base SE Prime🤔
I’m absolutely smitten with my Outlander PHEV! It’s an incredible car. My daily commute is perfectly within the electric range, and I’ve been charging it at home using a 240v power source. It’s a dream come true!
WIN
That's fantastic! My folks love their Outlander as well. We ended up going full EV and getting a Tesla, and for our lifestyle, like you, we are just smitten with it.
wait until you try a BYD Sealion 6 PHEV.
I chose having fun vs saving money simply because life is too short. I won't be able to bring the money saved to the other side. It's ok to die broke with a smile on my face in my last moments of my life. Awesome analysis of the subject ! Good job man !
Yeah you know I like that mindset too. It's very rare I regret buying the nicer item.
We still haven't made up our mind. I'm really interested to see what the new Model Y's will look like, but jeez Musk makes it tough to invest in Tesla!
You wont know when you will die😂
I was doing the same calculations but hybrids are all so bland, all with cvt transmissions. Also it seems pointless dragging around a battery AND a motor, which also requires gas and servicing. So it is going to be an ICE or an EV. One day I decided to book a test drive with Tesla. Wow, the M3 Highland, smooth, quick and fuss free. Bought it immediately. Concerns about the battery? Sure, but who knows what will happen in ten years, you could be dead, the world might have ended, or battery technology has improved so much that your replacement battery may only cost a couple of thousands bucks...
@@FS-bg2kk Hybrids are intended to increase gas mileage. I have a 2009 hybrid camry still and love the car. I purchased it when gas prices were going through the roof back in 09 but it doesn't even get the gas mileage some of the new ICE only cars get now. The battery pack is about 1500-2000 to replace but once this one gives out on me I don't think i'll buy another hybrid. Id most likely keep my F150 and get an electric vehicle for my daily driver. Hybrids were great back then, but yeah it does suck having to do oil changes and also worry about the hybrid battery stuff at the same time. Problem is, if the hybrid pack has a problem the car wont even let you drive just off of the ICE. I'd love to get an electric truck, but the technology isn't there yet since we tow our boat a lot in the summer time. Once they get batteries and range on trucks figured out, i'll have no problems switching over. Things are only getting better so eventually they will make sense for more people.
All very clearly, entertainingly presented and compared. Thank you!
Thanks for the comment! Really appreciate it. I love talking about this stuff! It's a tough decision but hopefully I gave people some things to consider. What would you buy right now if you could or had to?
@@TheSAHDLife I like the idea of charging at home for 50/60 miles range but also having an ICE back up, so a phev for me, if I was in the market. Do you like or watch Out of Spec Motors with Kyle? He’s an entertaining EV geek
@@richryan8904 Never heard of him before. Will check it out, thanks for the share! 👊
13 year old PHEV, the only one that exists. 45-55 miles (80km) of ev range. put 35k miles (56k km) on it last year. since my partner and I are in healthcare, we are always driving a medium (40-70 miles) distance to a hospital which always have chargers... including road trips, we averaged 104 mpg (2.6l/100km) last year. i figure we saved around 2500-3000$ on gas here. our electric bill went up 7$/mo lol. I offset a good amount of that by adding solar panels to the roof which feed into the 12v system, which i replaced with a 4kwh battery i built for 230 bucks. i believe we did about 5-6k miles on the motor with just a couple dozen heat cycles (~15% of driving, all hwy). considering we only paid 6000 usd for the car... we are doing alright. and apparently with the phev craze going on right now, the resell value has gone up to 9k, probably the only category of car that is increasing in value right now. imo the prius prime is a joke with its battery size.
the truith is, if you actually want to save money, youre not buying a new car, and there is only one cheap PHEV in the US, its the chevy volt. dont buy a 60k$ prius prime in the highest trim level "coz thats all thats available", and pretend youre saving money by capturing 25k of depreciation before you sell the car rofl. my car is free to drive in a few more months, and my insurance is 21$/month.
the gen1 volts will go for 400-500k miles, think about it, you are only using the motor for long hwy driving at a steady rpm range, the engine is port injected (not direct so no carbon fouling), low compression ratio of 10:1 (direct injection cars run 15:1), the head of the motor is an iron block which doesnt expand and cause head gasket issues at 200k miles like hondas/anything with an aluminum head, there is not really a transmission, just one solid gear in a planetary gear system that is rarely used (gen 2's have a big belt thats basically a CVT to save money), the timing chain is barely doing any work except to keep the engine at a steady rpm, the breaks dont even wear out coz of regen breaking. most of the car is made from aluminum to save weight, weighs the same as a model Y despite having a motor, and the battery cooling system is the most overbuilt one ever mass produced, and the battery is inside the cab so it experiences less temp extremes or impact from a crash. the only other thing you worry about is super/fast charging ratio, which thankfully the car cant super charge so you dont have to worry about the battery being destroyed by an uber driver. there is no alinator or starter motor, even the air conditioner is electronic and runs at high efficiency 350v dc, one of the first ones. ironically toyota is paying chevy for their patents since the new primes copied most of the drive train.
Cool take, thanks for taking the time to share. Sounds like you've saved a pile of money, that's fantastic! So... let's say that car dies or gets destroyed, whatever... would you go and buy a Volt right now?
@@TheSAHDLife already did for my girlfirend. she was using mine so much, she decided she wanted one over her 2015 honda civic. we got another 2014 chevy volt around 8 months ago, i believe it was 7800 usd. same color, similar trim package. imo the leather seats are a lot more comfy (important coz we do lots of driving) and i would try to get a model with heated seats since it boosts the range significantly in the winter. thought it was funny that she got jealous of my older car and gave her newer car to her sister to buy an older model.
guess i didnt answer your question. ya i think i would. i only want 1 car for myself but dont want any sacrafices. im one of those people who thinks the end of the world is comming so off grid/self reliance stuff is important to me. no one alive to remember the gas rationing during ww2. i think it was like 5 gallons per week. good luck getting to work or doing anything
Y'all need to stop buying new cars and pretend you're saving money.
update. close to 40k miles in 18 months put on my car. car has paid foritself in gas savings. crazy. average mpg is 88mpg.
Great video brother. Like the way you put facts.
My point on 10yr from now is, lot can be changed as solid state battery tech others can enable the batteries to be damn cheap. The 20k full EV swap can be 5k... how know. 😊
Thanks man! Do you think the newer Solid State batteries might be able to be placed in the older, let's say Tesla, batteries as replacements in the future? Is that what you're saying? Or would you wait to get a solid state in the first place so that they will be cheaper to replace in the future.
I would guess 10y from now there would be lots of options for battery replacement, and much cheaper prices.
They already have some battery swapping technology in some EV vehicles outside the U.S market.
Our family got a duel-fuel Kia Sportage SX (PHEV) just 7 months ago in March of 2024. Even though we live quite a distance for work (70 km), we are averaging about 80% of all kilometers being EV only, achieving over 93% over the last few weeks. Our fuel savings are more than $55 (Canadian) a every week as compared to the turbo-4 gas version. Also, I'm happy to report that the EV range (in the summer) on the highway @ 105 km/hr matches the manufacturers estimate of about 54 kms, however, if you choose to drive country roads between 70 and 90 km/hr, you'll see EV range of 65+ km like we do every week. Our max EV range was over 70 km on 1 charge BUT that was in perfect conditions and averaging about 70 km/hr. Did we consider the Rav 4 Prime plugin? Yes, but not for long given the 10k price premium, loud engine, and over lack of cabin refinement. Rav 4 prime has much more power (300+ vs the Sportage phev's 264) BUT I still find the 224 lb/ft of torque the pancake motor makes on our PHEV more than adequate in town and on the highway too! Sport mode is INCREDIBLE and has all the grunt you could want, easily outpacing our previous Acura RL 3.5 V6. There is simply no comparison on interiors and tech (kia vs. Toyota) as Kia is loaded with every creature comfort, not least of which is the HDA (highway drive assist) which is completely addicting. On well marked roads (even off- highway) I always have it engaged. Conclusion, I would agree that dual fuel vehicles like PHEVs are the right choice in this time where industries are transitioning as it gives our family the best of both worlds. Crazy savings weekly on gas, crazy quiet and smooth ev driving and 5.8 l/100kms on our recent 1300km 3 day road trip!! (We were able to charge up twice over night) Without charging, we still averaged 6.3 l/100km on the highway with cruise set to 65 mphr/ 106 km/hr. Setting cruise to 120 km/hr drops our hwy efficiency down to 7.8 l/100km (no thanks). If your goal is to save money, pollute less, and drive the future without constant range anxiety, PHEVs are my recommendation!
This is a great comment thank you for taking the time. It really surprises me when I see the fuel economy being so much different the faster that you go. Very eye-opening and it's neat to see some actual numbers and data.
@@237ja Exactly because my goal is to save money, pollute less (but I know that CO2 is not a pollutant), drive without range anxiety AND have fun I drive much faster with my Miata ND2 RF.
Not to mention that this ICE car is the most reliable, having a far lower TCO than most cars (especially than PHEV and BEV appliances that need a replacement battery that cost far more than their resale value).
Is it time to upgrade my 2008 tahoe ltz? I bought it used on CL for $2,500 years ago. For 26 gallons of gas at $2.5/gal costs $65 to fill up from empty. I get 16mpg combined for 416 mi/tank
I drive it around 10k mi/yr for a total of $1,565/yr in gas. Over 10 years $15,650 plus $2,500 purchase price
I do my own maintenance and most repairs, 2-5 quarts cost $35 and an oil filter is $5 so $80/yr in oil changes. A $200 battery every 4 or 5 years and misc maintenance call it $5,000 over the 10 yrs. $23,150 total over 10yrs. Am i missing something?
That is INSANELY cheap gas compared to where I'm from. That's great you're able to keep fuel costs with a thirsty vehicle like that. Yeah, hey, may as well keep doing what you're doing if it works.
We aren't as handy as you and wanted a quality of life upgrade with a newer vehicle, so that has been huge for us (since we bought an EV). Also our fuel costs dropped to 1/10th, actually I was surprisingly accurate in this video for our use anyway.
I don't think EV/Hybrids are for everyone but for some of us, they are GAME-CHANGERS.
One of the best videos I've seen. Very comprehensive explanation. Thank you! Couple of follow up questions:
- How's the behaviour with cold weather?
- Prime not having AWD is not ideal, what's your thoughts?
- What do you think about Niro Plug in?
Thank you!
Thanks! Glad you found the video.
From my research EV's lose on average 10-25% range depending on how cold it is. I didn't see how cold it needs to be for these changes to take effect but I imagine it's sub-zero temperatures. I know they have heat-pumps but I didn't really go too deep into learning how they work on EV's.
The Prime not having AWD is a big deal. That sucks! For where I live that is a reason I wouldn't consider it. If I was just buying this as a commuter it wouldn't be a big deal... but we both work from home and the next car we get will be our main family car so, I'd rather have something that feels safer/more capable.
The Niro looks like a neat little car. I think it would probably be a fine buy, but it might just be hard to sell on the other side. I personally really enjoy Korean Styling, especially on their interiors when it comes to the other car manufacturers, however, resell for them is hot garbage. While we have loved our Hyundai, the engine DID die on us at 90,000kms even though we babied it. To be fair, Hyundai put in a new engine out of warranty but still... we lost an AMAZING weekend and had so much stress for awhile there.... I'm not sure I would buy a Hyundai or Kia... MAYBE a full electric but I'm not sure I trust how they machine their combustion motors.
Hope that helps!
You looking for a cheaper plug-in?
@@TheSAHDLife thank you! We are looking for a reliable and safe commute car for Calgary. Our main family car is an Outback which is perfect, so looking for a smaller for city use. I'm checking: Crosstrek Onyx Trim (have everything except for the fuel consumption), Prius (Hybrid and Plugin) and Niro (Hybrid and Plugin).
@tomasbahamonde3795 FYI the Prius Prime hybrid (not plug-in) is available in AWD
I took the NIRO for a test drive. Its felt nice to drive but with being at a similar price point to a Toyota Prius Prime, I'd be going with that. Mainly because KIA is known for having engine failure.
Super helpful. I used to drive Calgary to White Rock pretty regularly. With Flair and no luggage, I can't drive to Lake Louise for that cost!
So I now feel the PHEV is no longer a viable option so long as I can continue to fly for $75 each way. Hybrid is the lean. Tks!
Yeah wow, interesting take! That's a big trip to take so often. I do love White Rock. We ended up getting an EV and for our lifestyle it's incredible. So far we've put 5,000 kms on it and it's cost us $120 CAD in energy. Plus it's fun as heck!
You are missing the lost opportunity cost on the extra money you will spend for the full EV. Most of the cost analysis I see on vehicle purchases overlook this factor. That 20k extra you spent on the EV when invested in an appreciating asset over 10 years could totally transform which vehicle makes the most financial sense.
Oh for sure, I thought I tried to address that in the video. I will say that while it is a lost/sunken cost for a lot of people, for others they do get the satisfaction of enjoying the benefits of a more premium products and being early adopters to new technology. That's not worth it for ME but some people really get value from it. But some people are just terrible with money too. Waiting it out and seeing what happens seems to be the smartest options. We don't NEED a vehicle quite yet, it's tough having 1 still but we save so much we will do this I think until we are forced to get a 2nd. What would you buy right now?
@@TheSAHDLife I drive an F150, not the hybrid version, but I would consider a plug-in hybrid truck down the road, especially if the tax incentives put them on par with the straight hybrid.
Extra 20k for an EV??? I'm not sure where you got this idea. The difference in upfront cost is more like 5k.
@johnlodge8546 I googled the average price of an ICE car vs the average price of an EV.
@@johnminichielli8957 that data is skewed by a lot of premium EVs and fewer budget EVs, but budget EVs exist. Especially in the used market now
Fabulous information! We're on the brink of buying a '25 Tucson PHEV since the majority of our driving is around town with the occasional road trip. Since the technology is changing so fast I too would be interested in whether leasing would be the better route to take.
I think I'm going to do a deep dive video talking about leasing versus financing in the near future. We ended up buying an EV as we do lots of local commuting and it is just been the best. The math that I did in this video is very accurate in our situation. We are literally spending 1/10 of the fuel since we're charging at home! It's the best!
The solution is leasing until the next gen battery tech is out. Your payment is way less, and once a solid state comes out, then purchase.
Yeah I've learned a bit more about leasing recently and that's not a bad suggestion. Good call 👊
@@TheSAHDLife Toyota has been saying to bring solid state batteries in next 3-5 years for at leas 10-15 years now(from 2008 or so). Don't expect it to be available mass market in 10 years. It will be very expensive at first, and then take another 5 years or so to be able to available on cheap price. building new factories with new battery tech is hard an d expensive , it takes huge investment and time to build batteries at scale so that its cheap to buy. so solid state batteries in 3-5 years is not a good argument.
@@MB-zu4gc Ya good call. It'll be great but we won't hold our breathe.
I'm doing that. Leasing an EV for the next 5-7 years by that time Hybrids will be crazy high mileage range and more EVs.
@@spwan3 While that's not a bad idea, here's the flip side to the argument. In my opinion it is unlikely there will still be incentives for EV's in 5-7 years. The durability of these batteries seems pretty insane at the moment which is why my wife and I decided now was the time to buy. With all the incentives and referral program we got a $50,000 Tesla for $39,000 (CAD).
We're just loving it. But yeah, leasing can work as well depending on your goals.
Something i don't see talked about much is 5 or 10 years from now when you may need a new battery, what kind of upgraded battery replacements will be available? You may be able to spend less and have more range by putting a newer battery tech in the older vehicle.
Well that's the million dollar question! I don't know, I don't think dealerships are going to want to lose money by putting new batteries in older vehicles. HOPEFULLY smaller shops will find ways to do this because I hope something like that would be the case... but people want to make money right, and you won't make money doing that.
@@TheSAHDLife good idea for a startup i guess
I own all 3 (2023 Toyota Highlander Hybrid, 2017 Chevy Volt PHEV, 2024 Cadillac Lyriq EV). I agree completely with your assessment of the pluses and minuses of all three. I absolutely love driving my Cadillac Lyriq, but it is not as great for long road trips and I am not expecting it to have great resale value. My Chevy Volt (a car ahead of its time) is truly the best of all worlds. It allows for long road trips, but also satisfying daily gas free driving. The Highlander Hybrid is our long road trip warrior with great comfort. They are all amazing vehicles! I am just praying that the EV cars last as long as possible, but I am prepared to throw them away when the batteries die.
Great comment! Thanks for sharing. And that's a fun little fleet of vehicles you have. What made you decide on the Lyriq? Is it pretty slick with nice power? We just picked up a Model 3 (releasing my video in the morning) as a commuter and it's been great. Like you I'm hoping it will last a LONG time and not lose power or anything soon :)
@@TheSAHDLifeThe Lyriq is a beautiful luxury AWD medium sized SUV that is probably the best value available for a fully electric vehicle. The Ultium Battery architecture is also impressive engineering. We were able to get our fully loaded Lyriq for about $61,000 after all rebates and incentives. I couldn’t resist. It’s a Cadillac with exhilarating pickup and it’s the quietest car on the market. We also have a dealership that can service it in our small city, that wasn’t the case for a Tesla.
@@JeffreySmith-if6ey This throw away mentality is so common among snowflakes.
The future looks bleak...
My biggest issue with my Tesla is the estimated range is SO far off it makes it basically just as expensive as the rav 4 hybrid I came from. I’m using 14 KWH to charge daily after my 26 mile round trip commute to work which comes out to about 1.85 miles per KWH.
Since the usable range of my model y long range (75 KWH) is %20-%80 that’s only about 83 miles of usable range which is SIGNIFICANTLY less than the 326 EPA estimate (I knew tesla over estimated before I bought it but that’s a crazy difference)
So now I’m debating if I want to trade in my Tesla for a PHEV or if I want to keep it knowing at the end of the day cost of ownership including the price of more expensive insurance is probably more than a PHEV or a normal hybrid. I’m kinda lost on the decision.
Whoa, it's that bad?! Hmmm that sounds like something is wrong. Have you tried talking with Tesla directly about that? We ended up buying a Model 3 and our estimated range has been pretty spot on BUT we always park it in the garage AND haven't gone through a winter yet. I imagine in colder climates it's worse but still... I would be frustrated too.
Used model 3 long range is what I bought, this is the best value right now. For like 35 you can get a great car with 6 years warranty still
Yeah that's sweet. A fun car to have too I bet. I'm jealous!
I’m considering awd and rwd. Extremely good savings over new. About 27K for rwd 1 or 2 years old is tough to beat.
How about the fact that with expensive gas many people go to places like Costco to fuel up which can easily take 30 mins waiting for your turn while also having all the fumes from other cars waiting.
Yeah right?! Not too different from waiting at charging stations. It's crazy how people will wait half hour for gas to save a couple bucks. I get it but...
@@TheSAHDLife We have our own "gas station" at home. It's only seconds to plug in and get inside to grab a beer. No one I know misses the experience of gas stations. Lol
Another option to consider for your American audience is leasing an EV. They have some pretty crazy lease deals in the US right now. There are multiple models you can lease for around the same monthly/annual rate you calculated for your other options So you can lease for 3 years, have fun driving and make your choice 3 years later when there will hopefully be better tech and less expensive EVs available.
Yeah that's a good idea. I think I might have to make a video talking about all the leasing options because it's not something I've truly ever dived into and done the math on. It'll be interesting to see the new Model Y's coming out too, maybe that'll be the catalyst for me hehe.
@@TheSAHDLifeyou can consider the leasing deal of Vinfast :))
thanks for the video.. its so helpful...agree with u on plug in
Glad you found the video! It's a tough decision for sure as there are so many factors. We ended up getting an EV because we already have a gas car and love it. If we didn't have that gas car though we probably would have went PHEV.
really helpful breakdown, thanks for sharing this
Glad you found the video! Thanks for the comment 👊
This is one of my favorite videos around this topic. I am thinking of getting a 25 Tucson but torn between Hybrid and Plug-in Hybrid. The incentive brings their prices very close (1200 CAD difference). I currently don't have access to an outlet at home or at work but the situation might change in a year or two. We drive arount 100 km a day. Would it make sense to get the plug in and use it as a hybrid in a hope that I gain access to an outlet in the future?
Thanks for the comment! That's a really great question... and to be completely honest, I don't know the right answer. For what it's worth, my wife said without hesitating she would get the plug-in... I'm a little more torn than that. I'll chew on it and if I have any good thoughts I'll let you know. What are you leaning towards?
@@TheSAHDLife Thank you for replying! To be honest, I wasn't even considering the plug-in until I found out that they qualify for the EV incentive. I did a napkin math; hybrid Tucson gets 6.4 L/100km and the plug-in gets 6.7 L/100m when not charged. In my case, that's a 0.3 L wasted a day if I get the PHEV which is not terrible. I am not considering the resale value or the reliability of either of the systems. I am warming up to the idea of having the option to plug in my car!
@ghadeershaaya honestly, since this video we've gotten a full electric vehicle.... And once you get the taste of operating on full EV it's hard to go back. I wouldn't blame you for buying the plug-in. I'm not sure exactly how much range the Tucson gets, but almost days where you just run within the range it's so good... 👊 Either way I'm sure you'll be happy but hopefully you pick the right one for you.
Last year my wife and I went through this exact debate last year. I wanted full EV, but my wife was nervous about charging as we do a fair amount of trips and have a daughter who was likely to be attending college at least 200 miles away. We settled on the Toyota RAV4 Prime. We have had it for a year and it saves us a lot for daily driving - my wife commutes about 75 miles/day. That combined with weekend driving and road trips, and we have already put over 40,000 mi in the car in just over a year. our combined fuel economy including full Evie and hybrid mode is averaging about 62 mi per gallon. It is definitely saving us quite a bit of money. It is a toyota, so it doesn't have crazy tech, but it is reliable if you have a family of four I would definitely get this car consideration.
That's fantastic to hear! What kind of real world range do you get on just the EV motor alone?
We ended up getting a Tesla Model 3 as we only really needed a commuter and it has been just fantastic. No regrets. With that being said while it's the only thing we want to drive I don't really want to do the big trips with it. At least we'll still have our gas car for that. I know we CAN do it but... I do think you got the best of both worlds 👊
@TheSAHDLife Glad you're enjoying the Tesla. For our RAV4, I would say that we are generally getting at least the advertised 42 miles of range, but often are getting closer to 50. We live in NY so last winter it went down to 38-40 miles when it got very cold. For my next car I'm almost definitely going to get a full EV. Thinking about the Hyundai ioniq 5, but I guess I will see what is available when it is time for me to get a new car.
Really cool to hear. I‘ve been looking at the RAV4 Primes for a bit. The main issue (as with most PHEVs) is the entry price, last I checked, the MSRP for the Prime is almost 20k more than the regular gas version, which can be pretty steep. There arn’t a whole lot of used ones around either, add to that they seem to really hold their value makes it tough to find something affordable.
I am using Toyota RAV4 hybrid for the last four years. It's amazing suv with a lot of gas saving. It's worth now I am planning to buy Toyota plug in hybrid next year
How would a plain gasoline powered Prius fare in this competition?
It's a good question and I can't say since I really didn't look into the mileage of efficient ICE vehicle, but it's probably somewhere in the middle. I think if you have or can find a gas Prius in good condition it would be worth considering!
One aspect that is often overlooked for PHEV, is that if you use it in EV mode all the time, your engine and fuel are going to go bad and you'll have premature damage to those. It's difficult to find a place where PHEV would be the best choice.
If you do a lot of long trips, a HEV is probably your best choice if you can't live with an extra 20 minutes of charging time (also electricity on fast chargers is not cheap). PHEVs will have bigger consumption because of the extra-weight and you wouldn't get as much benefit of a bigger battery.
If you do very few long trips in a year, an EV is a good choice as you won't have those 20 minutes extra a lot of times in the year. A PHEV would probably suffer premature degradation of engine and battery (since the battery is smaller, you do more cycles, even-though it should still last quite long and will be replaced for cheaper).
On paper, PHEV is a great idea and I was planning to buy the Prius PHEV. But I ended up with an EV instead after doing all my research because I would be using it in EV mode for 6 months straight so very bad for the ICE. And the EV is so much more fun to drive. Regarding tires, it depends on how you drive. I get the same millage between my EV and my ICE on a set of tires.
Interesting comment! I would have guessed they would have thought of that (gas remaining in the vehicle in some cases for months on end) but maybe they didn't. What EV did you end up getting?
And yeah, I mean to be honest the range would never be an issue for us if we went straight EV. We both work from home and it would be a commuter 99% of the time. We could use our other vehicle for long trips though we don't fully trust it won't die on us again (Hyundai!)... but it does have a new engine in it.
@@johngonon1507 Thanks for sharing the link. Sorry, what's a Smart #3?
@@TheSAHDLife It's a model from the "Smart" brand (50/50 between Mercedes and Geely)
@@johngonon1507 Cool! Never heard of it.
Our Ford Kuga PHEV starts the gas engine every now and then to keep it working. It does make it use more gas than it should "need" to looking at our driving patterns.
My friend who i met during an internship, has a 2017 diesel pickup truck, and an aux tank in the bed, about 125-150 gal capacity. Every two months, ge comes to US, and fills up both his tanks, and that saves him quite a decent buck. Says, the tank has paid over twice its cost.
That's interesting. It would be weird driving around with all that fuel... Feels very Mad Max 😆
Sweet though. Probably not the cheapest setup though eh?
I personally dont care about getting new cars every so often, i want something that isn’t going to break down constantly and require a lot of maintenance, i dont care if my car is 10 years old or older, as long as it gets me where im going and looks pretty im good with an EV
Yeah I hear you on that. If you can make it work with the charging I can't really think of a good reason not to. Which one are you going to get?!
@@TheSAHDLifeim loving the look on Tesla model 3 currently, pretty good range, super charging is super available around me as well as normal charging, I honestly would hold on to that car until it literally can’t be driven anymore
I've been shopping for cars and given the availability of Toyota EV/PHEV/Hybrids currently, not sure you'd be able to execute your plans.
We ended up getting a standard range rwd Tesla as they qualified for all the rebates here in Canada... however, since we bought it they have dropped the LFP batteries and increased the price on their base model, so now it's out of range (here in BC) to qualify for all of the incentives. Crazy!
Another consideration is EROEI. Oil is harder and more expensive to extract today than it was 10 years ago. Fuel costs are going up and even in the U.S. we could see $5-7 per gallon gasoline within 5-10 years. Meanwhile renewable electricity and nuclear is expanding and electricity should maintain current prices for the foreseeable future.
It seems like with more people buying electric cars the demand for gases decreased which means the prices seem to be dropping at least around here. But yeah they're inevitably going to go up over time right?
What about a used Tesla? 3 year old Model 3's are going for about half of their MSRP with around $30 to 40 thousand miles. I wonder what they will be worth in 5 years?
I think the money you would save in fuel (depending on your usage of course) would probably make up for any type of depreciation you would encounter. And the quality of life upgrade would certainly be worth it (they are rad!). Honestly I think if you could get one at that price it would really be worth considering based on what I've seen!
My first electric was a 2017 Chevy Volt. I managed to do all my local driving on all electric and only needed gas if I went on a trip that was over an hour away. I had it for 3 ½ years and sold it once the warranty expired. Now I’ve had a Tesla Model Y for the last 31/2 years with absolutely no problems so far. I plan to sell or trade it in sometime in the next year and for the first time I plan on buying the exact same car again. Range anxiety isn’t a problem at all and I charge at home 99% My trick (although maybe expensive) is to own the vehicle just as long as I have the warranty coverage
Pretty crazy it's been so good you would buy the same one... That's awesome! I think the next years model will be a refresh too so that's a good time to do it. I hear lots of great stories like this... hopefully we can do something similar in the near future.
That "trick" is standard practice with EVs - dump them early - its why these cars lose so much value in depreciation.
@@timothykeith1367 it’s my policy for ICE vehicles too as I’m old and don’t want to mess with repairs not covered by warranty. I haven’t had any major problems in any vehicle I’ve owned while under warranty
@@timothykeith1367 they lose so much in depreciation due to all the misinformation out there as well as the FUD
I drive a Model Y and I love it but I’m currently on a road trip from Orlando to Gatlinburg and we rented a Toyota Sienna hybrid and this thing sips fuel like it’s using a straw. Really impressed with it, and to be honest I’m kind of shocked I was sold on the Tesla so easily, though truth be told I am saving a crap load of money. I charge exclusively at home and so far I’ve put 13k miles on the Y at a total cost of $237.
The fuel savings are really impressive with straight EV's. We bought a Model 3 and it's crazy how much we're saving. This video was bang on accurate for our use case... our fuel spending is 1/10th of what it was AND the quality of life upgrade has been massive too. That said, a Sienna hybrid would sure be nice to have. If only Tesla made something with similar practicality. In the next 3-5 years hopefully the EV van's start coming out because you just can't beat the practicality of a minivan...
It's rather dependent on where you are. Home charging and using EV on my Prius Prime actually costs more per mile than using gas only, due to the relatively high electric cost and low gas prices, combined with the fuel efficiency of the Prius.
If I get solar, as I'm planning to do, it'll swing the balance over to electric, but then it'd take some time to get the return on investment for the solar installation.
The nice thing about the PHEV is that I have the option of using either mode as conditions change, such as if gas prices go CA nuts or something.
Biggest complaint on ALL three types is the high cost of purchase! I spent $42k on an SE RAV4 Prime in 2021. At the time the MOST expensive car I’d ever owned. Traded it in April 2023 for $42k (yes that’s right) and purchased a $47k Pacifica PHEV. I was happy with the resale value of the Toyota. I’m NOT happy with the value of the pacifica. My KBB is now around $28k with 22k miles. I know, many will say well no shit, it’s a Chrysler, what did you expect?! But, that much of a loss in 15 months is pathetic to me. I may be dating myself, but to me $45k is still A LOT of money for a depreciating asset. These days however, $45k seems to be entry level. Same with houses. Everything is inflated and overpriced. For millions of people the cost of any of these; HEV, PHEV, or full BEV is simply too high. What we need are fuel efficient AND affordable cars (all three types) that start at $20k!! I guess I should keep dreaming though because that isn’t going to happen I guess. The Chinese seem to have figured it out with their BYD cars though..
Yeah that's really interesting. Hopefully your Pacifica (which is a really nice vehicle btw... we've considered it) lasts for years and even though on paper doesn't hold high value, is a workhorse for your family. I feel the same as you about the price point... we bought our Sante Fe in 2014 and even though the engine died on us... they replaced it for free outside of warranty and it's running really well. If it was a Toyota we could probably still sell it for 20k right now, but we'll probably still be able to drive it for 5+ years at which point I feel like we will have gotten our monies worth. But yeah, I hear a lot of good things about BYD.
You bought a Chrysler, probably the most unreliable vehicle.
PHEVs are the best option hands down. My 2017 gets 82 MPG; in theory, that's over 1000 miles of range. I charge at home most of the time while I sleep. No range anxiety, no long charging times, no expensive charging costs, low gas costs, great acceleration, quiet operation, etc.
BEVs (please use the correct term) have issues: Range anxiety, purchase cost, long charging times, charging costs, charging station availability and compatibility, etc. If BEVs grab market share faster than the infrastructure can keep pace, then chargers could continue to be hard to find. If the infrastructure does keep pace, there is a risk of overloading the grid.
HEVs can become stranded assets. My 2001 lasted 17 years. I've already seen two boarded up gas stations right accross a busy road from each other. Do you think it will be easy to find a gas station in 17 years? I doubt it.
PHEVs are the only vehicles that keep moving during a grid outage or a gas crisis. (There are two active wars near major oil reservse as I write.) Plus if either energy source gets too expensive, you use the other one. Electrificaiton and decarbonization are distinct approaches to fighting climate change. Because everyone can drive a PHEV, they are the fastest way to acheive decarbonization, making it is the correct goal for fighting global warming. (Not everyone can buy *and* charge a BEV.)
PHEVs are sometimes misundersood. The way to drive a PHEV follows: EV mode is for short trips and getting to the highway. Once you are at highway speed, switch to HV mode. Also, think of the traction battery as an extra "gas" tank that gets some "gas" back when you brake or coast, and that you fill cheaply while you sleep.
Hey thanks for the comment. It's really interesting to hear thoughtful comments from people on different sides of the conversation. I know my folks have absolutely loved their Outlander PHEV over the last couple of years as it works for their lifestyle. They are saving lots of money on fuel cruising around on electricity and also have the freedom to make the long trips without range anxiety. I think the PHEV is a great option especially for one vehicle families.
totally agree! my chev volt is perfect.
I've heard nothing but good things from the Chevy Volts! I wish we got on that train years ago. I've always been a little worried about Chevy's though you know? I haven't had the best experiences with Domestic vehicles throughout owning cars over the last 25 years.
So which one will tow my boat at highway speeds?
THAT I don't know. I'm assuming all of them can do it but you'd have to do some research to see which would be the best for it. Hybrids seem to have the bigger vehicles so I imagine they would be the best for it.
Dont be logical. Life is short, have fun while you can !!!
In 10years you wont thing about the 10k you lost but all the fun you had along the way !
Plus, tesla model 3 is the most safe car ever
Hehehe I agree with you!!! Though my accountant wife on the other hand does not lol 😆
And Toyota fakes their safety tests....they got caught recently
I’m in the UK but I pulled the Trigger on a Merc A250e PHEV. I love it, it’s gotten me good mileage overall. Battery has been relatively consistent with its range in different situations and even when the battery dies, I get ~50mpg on a chilled run up the motorway. The problem I have is right now; I am now looking to get 7 seats, I still have a couple of years on my PCP deal so I went to trade in the Merc… It’s worth £7k LESS than the settlement of the contract!
I can’t help but feel that if I went for the petrol only, I wouldn’t have as much of an issue with resale..
Ugh, that sucks :(
Yeah I know the feeling. It's tough to say though, you would never know if you would be able to sell it more so there's no point in thinking that way. I think a lot of people don't want to buy Petrol anymore especially since most car manufacturers have said they will stop producing them in the not to distant future. Finding that 7 seater though, were you looking into another Merc? We ended up getting an EV as it fits our lifestyle and just LOVE it... but, they are still missing a few vehicles in the EV world such as vans/mid-sized trucks etc... once those things come on the scene that will be very exciting.
I got a 330e this year and I have zero regrets. Super fun to drive, my commute to and from work is fully electric and my gas bill has dropped 90%. Drove 6 hours this past weekend and hit 48mpg on highway gas only driving thanks to how efficient the B46 is. I went to Algonquin provincial park superchargers in the area are enough to make you nervous. Happy I got it over the model 3.
Also, Canadians can relate well to this: finding a charger that isn’t a Tesla is still a nightmare, and half the time you do find them, they’re broken.
That's awesome! Sounds like you made the right choice. We just settled on a model 3 refresh and it's just great for us. We're just charging hip and 120 volt household plug in our garage and it's so cheap. It's working great for us and we love the features. I'd be a little scared to venture too far away from the major hubs here in BC though!
In ten years you would have a worn out hybrid, you dont mention brake jobs, exhaust systems, water pump and timing belt , emissions parts and the price of gas in ten years. If you bought a tesla in ten years you could swap out for a new battery pack if you even need one. Postpone your purchase for two years get a new tesla with a million mile battery and the ability to turn on FSD, which wasn't mentioned but if your my age is an absolute game changer.
Yeah I hear you 👊 I've never considered leading before but that almost seems like a decent idea right now... Lease for a few years then buy an EV. We've had an ice car for 10 years now. It hadn't been too crazy with regular maintenance. That would be sweet of it was cheaper with an electric though.
With the PHEV's it's essential to have easy and cheap access to chargers. I live in an apt building with no chargers and charging around town can be reasonable (.21 cents per kwh or even free), but some stations come at premium pricing that's more expensive than gas per mile (.45-.55 cents per kwh). Also important is the MPG after the battery is depleted. My vehicle gets about 35-40 miles per charge, and after that 27 MPG. At that rate, too much highway driving can quickly lower your MPG. PHEV's work well for people that drive mostly in town and do a few trips outside the city per month. If you're frequently driving over 30-40 miles than a regular hybrid is a better choice IMO.
Thanks for the share. It's interesting as someone just asked whether or not they should get the PHEV vs the regular HEV as they won't get access to charging until they move in a year or so. It was tough to give an honest answer since I actually don't know, but my gut feeling aligns with your experience. They would be great if you had a garage to charge it in every night but otherwise, like you said, regular ol' Hybrids are still great and are just a little more flexible.
I do believe you missed a critical point. All 3 hybrid, plug in, and EV are affected by cold significantly. Not just EV's. My 2016 Prius went from 60 to 70 miles per gallon down to 30 to 40 miles per gallon in the winter. That was an a mild Washington winter. Now I live in significantly colder winter weather. Plugins are affected even more than EVs. My Outlander PHEV goes from between 40 and 75 mpg down to 25 to 35 in the winter. My model 3 RWD (not long range) still had 205mi range at 70mph in the winter. So if you compare all three, the EV is actually affected the least in the winter. There is also very little evidence to support EV resale value being lower than Hybrid or PHEV.
Wow I had no idea the mileage on a Hybrid changes so drastically. I'm surprised I hadn't heard that before! Thanks for sharing.
It depends on your driving pattern and the way you set up the interior heating.
In my hybrid Corolla, i achieve some 4.4L/100km (54 mpg) in the summer and 5.2L/100km (45 mpg) in the winter.
Most of the time i drive alone, so i set up the HVAC to driver only and turn on the heated seat and steering wheel.
But yeah, a lot of time the engine kicks in only to produce heat, which is kinda wasteful.
Great comparison. I just don't know how the phev works. Battery used first and then gas kicks in, OR is there a switch where I can use battery until out, then gas kicks in. When battery is all used up in the 40 miles, then gas will take over all the way thus no more battery juice left OR ????, still don't understand.
Thanks for watching. So I think with most newer plug-in hybrids the electric engine is what drives the car. The gas motor is basically a generator. There's a few modes that you can use it in... You can do straight EV mode until the electric is done like you said which is great for around town, or you can put it in charge mode so as you're going downhills and using braking it takes that energy and charges up the battery slightly... We've gone down massive mountain Hills in my parents plug in where it almost charges it full going down a giant Hill which is crazy and cool. But the power is not as efficient when the electric battery is completely dead.
It's just nice that you could leave your house and drive across the country just going to gas stations only if you wanted to, or, you could use it for scooting around town at a fraction of the fuel price on straight battery.
ICE cars bought today will worth close to nothing in 10 years, buy what you like today and enjoy it!
Yeah that is a topic worth considering for sure. I think gas will be around for awhile but I know what you mean. We still aren't sure what we'd buy if we bought one right now. We've kind of gone full circle!
Not going to happen. ICE cars are going to be around for decade’s because there is not enough electricity available. The price of electricity for the average person is going to break the bank. EV cars will have to start paying road tax. If the road tax was taken off of gasoline EVs would never pay for them selves. Free money from rebates haha that’s your tax money. 90% of people will NOT be able to charge at home.
Current EVs will be worth nothing too. At least I hope that battery tech will have progressed enough in ten years.
What car is not going be be worth next to nothing in 10 years?
That is a great point, I did not think about that!!
I have gone with a person in a Toyota full hybrid at work, at that job they also had a Volkswagen that runs on CNG gas. even though the gas car has less horse power, it is more lively. Can it do that if it runs on gas or if the car probably has both a turbo and a compressor. Volkswagen's gas cars had it in the past anyway and according to technical data, they would choose a maximum of torque from 1500 rpm
I wonder!
Thanks for dramatically lightening the load for my car research. 😁
👊 it's so fun talking about this stuff. But it's not an easy decision, especially now. Hopefully it helped. Any idea what you'd get next?!
@@TheSAHDLife Probably a RAV4 PHEV for all the same reasons as you. buying myself a couple of years as I don't want to buy it new though.
What are the chances new battery tech/advancements will be able to be integrated into older EV's ? IE your Tesla battery needs replacement in 2030 go to auto parts store for after market SS Battery like you do with the 12 volt battery now?
That's a good and interesting question... and I don't know the answer. I'm not sure what current battery replacements are like for, say old Priuses... I wonder if they have improved.
I know the replacement batteries for the Priuses are better than the originals and relatively easy to install. And I know China is making cars rather than charging you. You just replace the battery. You go into a station and the discharge battery is removed from the car and the new battery fully charged is installed. Kind of like electric motorcycles where you just take out the batteries that are currently in the motorcycle that are discharged and replaced it with new batteries? I'm thinking by 10 years we should have that technology for cars too
I will always choose EV over everything. Till you drive one, you won't believe it
That's my problem is I DID drive one and now I want one... I just can't afford it lol
@TheSAHDLife just save towards it. And please go for a brand new if you want to enjoy it most
Are you team Tesla or?
Toyota phev rav4 is the best from both worlds. Only tesla could pass in bev world.
I Have and still prefer a hybrid all the way
Wouldn’t cheaper and better batteries also hurt the resale value of hybrids and gas cars though?
Interesting question, and I don't know. If I knew the battery wasn't going to cost $20,000 to replace on a used car that was out of warranty I'd feel a little better about it? Maybe...
Hi SAHD, very good video. I would like to add some key points to this topic:
1. Batteries will become much cheaper in 10 years if you look at the price trend of EV batteries.
2. According to HLDI, Tesla is much safer than most hybrid cars. I personally value this a lot. I'm not sure if the hybrid you mentioned has AWD; if not, driving in any Canadian city other than Vancouver will be challenging in the winter.
3. Hybrid cars don't depreciate as quickly because their current supply doesn't meet demand (especially for Toyota). However, once the supply meets demand, they will depreciate faster since hybrid cars have higher maintenance costs than EVs and gas cars due to having both gas and electric engines and the fast technology advancement in the hybrid market.
Good comment, thanks! I hope you're right about the batteries... that would be a nice peace of mind to have. So what would you buy right now?
@@TheSAHDLife I just bought a 2022 model y long range a week ago. Currently the older model have very good deals.
@@yangliu1376 Beauty! I'm jealous. Seems like a great vehicle.
Hybrids do not have more maintenance actually because hybrids don't have an alternator, starter, or serpentine belt that has to be replaced over time like a gas engine.
I am having the exact same dilemma and research as you! I decided on buying an efficient hybrid now (since I can’t charge at home) and to buy an EV later when I can afford it for around town driving.
PHEVs get the best of every world, but really they are trying to do too many things. They can go full EV for around town, they get quite a good range with gas, and they’re fast and fun to drive.
However, if your family has 2 drivers, I think it would be smart to have one car that can go far on one tank and is very fuel efficient (and slow) for long road trips or drives, and an EV for around town driving/commuting.
Nice! What'd you get? And yeah I agree... we ended up buying a model 3 (because we DO have the ability to charge it at home) and it's just amazing. We're at like 5,000kms and it's cost us $117 CAD?! Insane! Plus it's fun to drive. Would love to have a Hybrid to compliment it for road trips though but our ICE car still works. We just hate driving it now lol.
@ I think I’ll go with a 2022 Hyundai Ioniq hybrid blue if I can find one, maybe a few year old Prius too.
The Tesla would definitely make me happier driving haha so that’s awesome that y’all went with that! It definitely lowers that monthly fuel cost a ton I’m sure
Hybrid for me
Yeah I think for us if we buy just ONE vehicle for the fam it would be a hybrid. If we could afford a second car then maybe it would be an EV. Hybrids are just so versitile.
After watching your video and advice. I shell buy 2026 Toyota plug in hybrid. Right now i have hybrid Toyota RAV4 for the last 4 years and its one of the best choice and saved the money. On an average it gives me 17 km average on gas and ev combined
Nice! You really can't go wrong with that. Since this video we ended up buying a Tesla Model 3 as a commuter car (since we already had a gas car) and it has been absolutely fantastic for us. Honestly after having an EV I'm not sure I could ever go back. With that being said if we only had ONE car then a PHEV still gives you the most flexibility. You gotta figure out what works best for you right!?
I would love to have a Tesla If I could afford one as for the battery I am sure the future Solid state batteries will be able to replace current batteries.
I know, me too. I think they'll be dropping a new Model Y soon will be interesting to check out!
I've been doing some checking recently and on the Gen 4 Toyota Prius primes, so 2016 through 2022. It looks like it is about $14,000 to $15,000 to replace the high voltage battery in them. One of my local Toyota dealerships said that their price the wholesale price of the battery was $11,800 and they're probably going to add another $1,000 or so to the cost of that battery in getting it to me and then there's all the labor hours for taking the old battery out and putting the new battery in and reflashing the car's computer and ECU to play nicely with the new battery.
Yeah that's not cheap! I mean that shouldn't be necessary for what 10 to 15 years still based on how long the older ones have gone? That generation even though it doesn't have quite as much power they sure seem efficient. And I can't tell if I love or hate the design of the rear of that car lol
I had owned a 4Runner for 7 years and 120,000 miles. Bought new for $46k. I got $20k when I sold it and bought Tesla model 3 Long Range AWD. I had spent over $25k just in gas to drive my 4Runner. If I would buy Tesla I would save $17k just in gas. So my 4Runner had cost me $43k combined gas and depreciation. And I paid $45k for my Tesla. So basically Tadlą can be worth 0 after 7 years and it will cost me the same as haven Toyota 4Runner.
Yeah I was kinda feeling that way too when I was mathing it out... even if you get ZERO resale, at the end you were left with a great time driving around with barely spending money on fuel. It all seems to even out. We are still on the one vehicle but seem to lean more and more towards the EV. The EV would be a no-brainer for a second vehicle, but if we just replace our ONE family vehicle it's still a harder decision.
Another idiot comparing an off-road tank with light passenger car.....why didn't you just toss in a moped while you were at it. Try comparing a Toyota Corolla and see how stupid your numbers are Goober
Your 4Runner isn’t a smooth ride like a Tesla model 3. The speakers are much better and the comfort overall is beyond a Toyota.
In 7 years the price of fuel will go up while increasing Sun Wind and Battery power will make electricity cheaper.
@@marcc.490 Scary to think people like you roam the streets, or worse even vote.
4-Runner is an off road vehicle, not a car dummy....no comparison. Electricity will NEVER get cheaper with solar or wind...not possible, and fuel only goes up because of Marxist democrats in office that refuse to drill for oil. Your Tesla piece of shit will be dead at 120,000 miles and need a new battery at $20,000. Get off moms computer kid....
Yes, the much higher depreciation when coming to selling it or trading it in and replacing the battery. New battery technology will be much better by then and a newer much better cheaper vehicle by then. I would stick with hybrid or plug in hybrid for now. As long as your vehicle is running well for now it all good.
Great video. Wish you included some rough hybrid maintenance numbers but still good info!
Thanks! I would love to dig deeper into all of that. Perhaps that's a good suggestion for a future video 👊
I bought a used five year old Chevy volt five years ago. Every penny I've spent on maintenance and repair on this car (which has been a lot) was because of the ICE motor. My fuel costs have gone from about one hundred fifty U.S. in gas to about thirty U.S. in electricity. I am saving every dime I can to be able to afford a good fully electric car. If the pricing for electric cars was equivalent to I.C.E. I would be satisfied fully electric car owner right now.
Bummer to hear about the annoying maintenance you've had with the vehicle but those fuel savings are no joke. Very interesting. What do you think you would get next if you could?
Why do you think they are hitting cheap Chinese cars with tariffs so hard?
Thanks so much for this video! I was wanting a Tesla, but am shifting towards the Prius Prime now
Glad you found it. We ended up getting a Tesla Model 3 as a commuter since we have an ICE car for the family and couldn't be happier. EV's are incredible. BUT if it was our only vehicle then I might still consider a PHEV. But honestly now that we've had an EV I don't know if I could ever go back.
I think this is old thinking being improperly applied to new tech, specifically with the depreciation for EVs.
Fundamentally, the plummeted resale value of electric cars recently has been because of technological innovation rather than the asset in question losing its functionality/deteriorating. Remember, 5-year depreciation figures by definition lag 5 years behind the current models. I think the technology has matured significantly in recent years, leaving much less maturation in the near-mid term future.
Take the Apple's MacBooks. The resale price of an x64 MacBook air is ~30% original price but an M1 is ~70%, because there is relatively less maturation between M1 -> M3/4 than from x86 -> M1.
I believe 2024+ Model 3 and 2021+ S/X will see significantly less "depreciation" than older models, so I think it's worth it.
Or just buy a 2021-2023 Model 3 for like $28k US and call it a day!
I think you make a great point and I do agree with you. Unlike Apple however there is a lot more competition and marketing in the auto industry which makes what you mentioned easy to forget. Heck just watch any sporting game and see the amount of car ads that play. It's crazy!
I think when it comes to Tesla specifically, because they were so far away from the competition experience wise... While guys like me have wanted to jump on board for years, I worried about rickety build quality as all my friends with 2018/2019 Tesla's said they rattle years later though they still run well.
My cousin has a 2021 Model Y that she wants to sell and my wife and I wonder if we should consider hers or if it's worth the extra 15k for buying new. Tough call. I'll chew more on what you said 👊
I think picking up your cousin's Model Y would be a great idea!
1) You know that specific unit's build quality
2) You get a big discount on the price compared to a new one
3) You trust the previous owner and know they aren't hiding any big problems/repairs from you
I don't own a car currently but the sheer thought of having to do (& pay for) the maintenance on one drives me insane, so personally I would LOVE the lack of it on an EV
@alejandrowilcox8198 those are all great points. It sure makes a big difference buying a used anything from a trusted source. Those 2021s still look pretty slick too! But yeah having a vehicle is a lot. We've managed to only have one vehicle for so long which is just been great but every now and then there's a time where we need two vehicles. It's just so much cost for not very often you know? Hard to justify.
Touching a petrol bowser pump handle or an EV charging cable….both have many people touching them. Am i missing something?
Heh, well, we've owned an EV for 4 months now and charge it exclusively in our garage. But yeah, saying that in the video might have been a bit over the top.
Thankfully I'm not a car whore and I can keep the same vehicle for a long time. BEV all the way. But if you truely care about resale as in you wont keep the vehicle long stick to gas for now. As a mechanic I can tell you outside the best hybrids (toyota) plug in hybrids fail more often than any other type.
Yeah word. People buy vehicles for so many different reasons. Some people are very practical while others are more emotional. If you keep the car for 5 to 10 plus years I think the fuel savings really matter and the resale not so much. But that's great you're able to work on it yourself and customize it to just how you like it.
The $5k rebate mentioned in this video is for Canada?
Yeah! There's a $5,000 federal rebate, And here in BC we got an additional $4,000 provincial rebate.
A hybrid car is two cars, a bad electric car and a bad gasoline car, inside the body of one car. A hybrid car is big on the outside and small on the inside. A hybrid car has a more complex construction compared to any other car. All cars need to be maintained and repaired.
Yeah I hear you. I've never owned one but it seems like an interesting compromise between two technologies... But I agree kind of seems worse at each of them though might be quite convenient at times
@@TheSAHDLife A gasoline car can be compared to a chemical factory. It has catalysts, analyzers sensors. My car had a problem with the exhaust gas sensor. The car had driven only 80,000 km and the sensor needed to be replaced. During the repair, the original, but unfortunately low-quality sensor was installed. In order to get the car working properly again, I had to go to the car dealership 4 times and it took me two months. After a few months, it was necessary to replace the adblue pump, which cost €500. All hybrid cars have countless sensors and other wonderful devices. The difference is that a gasoline car has room to change parts. But the hybrid car is so tightly packed with equipment that the car has to be disassembled to get a part during repairs.
Great and very detailed video. Curious if you have or would run the numbers and pending the outcome consider leasing? That way you get the fun of driving an EV & potentially qualify for dealer, Government or both incentives without battery anxiety since you'd turn it in in 2 or 3 years?
Thanks! I haven't run the numbers but there have been a few compelling comments on leasing that have made me want to. I'm certainly not opposed to it... I have seen a few people on RUclips run some math and it really seemed like buying was the smarter choice, but I haven't work for the salesperson and dented on my own yet. Maybe I should! 👊
Such as great presentation, I've had my 2018 (6 year old) Hyundai Ioniq 28kwh for the past 4 years and the battery is 97% health after 73,000kms, It is so much fun to drive and miss all the petrol stations, oil changes etc. Would not go to a petrol car, the extra cost of poor resale value and deprecation value - I do not care, it is fun to drive than driving something that drinks dinosaur juice. Looking forward to my next purchase the long range 77 MG4 EV.
That's awesome! I do like hearing good success stories like this. We want a Hyundai for 10 years but the engine died on us despite parking in the garage and regular maintenance at about 50,000 miles. I'm not going to lie I left a bit of a sour taste in our mouth but it's running great now it has a new engine. You would buy another Hyundai?
@@TheSAHDLife I wish Hyundai continued with their classic Ioniq by now they could have put in a larger battery like a 70 or 80 kwh, the economy in this thing is amazing, in the 77k kms the only issue I had was the charge actuator was faulty and would not charge the car, but this was replaced under warranty no problems since. YES would def buy another but ALAS they do not make EV's like the classic Ioniq anymore so heading over to the MG4 77 as my next purchase.
@@clayton4115 Wow that's really cool. They don't sell those here in North America unfortunately, at least not that I can tell. How long do you thin you will keep your current Ioniq?
@@TheSAHDLife I love driving my current Ioniq however due to the poor state of ev infrastructure here in Australia is it not good for country road trips. Will be upgrading in the next 6 months or so to the MG4 77. The Ioniq is going to my wife as she likes driving it more than her Kia Picanto 😄 and she only does around 5000 kms per year and in a few years time my daughter will get her L's so it may be in the family for quite a while.
There is another option. Which is what I did. I didn’t have to spend $60k US on a $60k car. I bought a “used” CPO $60k ev for $40k with 3000 miles on it. it’s amazing and I wouldn’t go back.
Also, phev doesn’t have heat in the winter unless the engine runs. Living in the northeast that’s an issue. Ev with heat pump is great. I can warm up the car from the app in the morning without even opening the garage door. Bliss
Nice deal! Warming up the car from the app sounds AMAZING!
"Imagine adding 10 years of Tesla insurance 😂😅"
Do you mean they offer their own insurance on top of the warranty it comes with, like Apple Care kind of thing?
Imagine realizing that my insurance is $50 more a month than a gas car equivalent. Imagine savings thousands a year on gas… *facepalm*
Great analysis!
Thanks! Glad you found the video 👊
Best I can get for my 2014 gas car that was $24k is around $3500 that isn't far off from "nothing".
Yeah I hear you. I wonder if Honda's or Toyotas of that year similar model go for more... But they cost more also. So many factors to consider. Did your car need lots of repairs over the 10 years?
@@ewitte12 Because you bought the wrong ICE car. Buy one that is reliable and has a low TCO (Total Cost of Ownership) or a leading HEV.
And what about the maintenance?? I would assume it's double on non ice cars due to the batteries. And a hybrid has both!!
It's a good question but since I've never owned them I can't really weigh in on that truly. It sounds like every car has regular maintenance as far as tire alignment and breaking goes etc. maybe the engines and batteries might need different maintenance due to oil changes or I don't know exactly what EVs need but... It's probably prudent to get it regularly checked. The older I get the less I like to mess around with things like bad breaks or bald tires. It's just not worth cheaping out with that stuff. I have... And paid for it!
No infrastructure. No range. No cold weather. No resale. No insurance. No service. Charging nightmares. Battery toxicity. I'll take two. SMH.
I hear you. Every time I meet people that own EVs I'm always curious in asking them how their experience has been... And honestly everyone has positive things to say including my friend who has a 2018 Tesla which he bought new. I believe he has over 150,000 km on it and has had minimal maintenance. I don't think it's for everyone and I don't think everyone is going to buy one anytime soon but it's just interesting to talk about you know? My family could use a second vehicle so it's interesting to think about what we should get... The reality is we should probably just buy a used old cheap car for now. But it's hard not to consider the advantages of electric at least theoretically.
@@TheSAHDLife I am not saying those advantages don't exist. Just very tired of government putting the horse before the cart and the tax payers reap the burdens... thank you for your comments.
@@TheSAHDLife My wife and me bought a new Prime in March (after waiting 21 months for it to arrive). We would have purchased a BEV, but here a Model 3 costs $62,000. Our 24 Prime was more than $20,000 less and, we got a $5,000 rebate from the two levels of government on top of that. Our primary reason for going with the PHEV was to reduce fuel use for environmental considerations and, it's working fine. Since mid-March we have put in just over $46.00 worth of gas and that was only to make a road trip. The dealer gassed-up the car for us and that fuel lasted for 3,000Km. Could have gone further if the weather had been warmer ! At this stage we think hybrids and PHEV's are The answer for the environment and our purses.
@@TomLawlor-iq6gm That's fantastic. It's what we hope our situation would be, but it's gotten a little cloudy the more research we've done. Nice to hear real world examples 👊
@@KenMac-ui2vbwhatever man! Keep burning gasoline and see how fast the sea rises!
You missed a key point. The extra money paid for a new EV is subject to interest, but this important detail is often overlooked. When purchasing a new EV, the higher upfront cost compared to a traditional internal combustion engine (ICE) vehicle is typically financed through a loan.
Well that's why incentives can make a big difference right? We ended up buying an EV and through rebates and referral we saved $10,000 on the sticker price which made the vehicle even less to ICE vehicles of similar features. But yeah, without those rebates it wouldn't have been such a good deal.
Thank you. This info has been really helpfull. I just leased the mercedes benz eqe 350 and bpought the GLB 250 gas. The sticker price for the eqe 2024 was $72,000.00 compared to the gas model which is close to $85,000.00. I got a $15,000.00 government rebate which brought the price down to a very attractive $57,000.00. This vehicle is very comfortable and the xtras are amazing. The range is 260 miles. I average about 500 miles a month. I charge it twice a month at 80%. If I have to go on long range trips, I use the GLB 250. It is amazing as well and my wife loves it. I will not be putting too many miles on the GLB, I will be using the electric more, since it is leased, the GLB will maintain a good resale value. In anther 3 years technology nwill be in the consumers favor. Thanks again.
Sounds like a nice fleet of vehicles you've got! What is it that draws you towards Mercedes? I briefly owned a German car in the past and, well since I inherited it from my dad who let it sit for awhile, oh gosh it was so expensive to fix/maintain. I imagine they are built well and have a very refined drive though. And good for you... those incentives are huge! The tech has been out for awhile I think you're crazy if you're not taking advantage of those incentives. We just got an EV yesterday (I'll talk about that in a video soon) and, honestly I don't even want to drive the gas car now lol. It's so fun. Thanks for watching and sharing! That's really interesting about the range/costs.
I just purchased about 2 months ago after lots of reading and researching.
I decided full EV as I will own the vehicle for a good chunk of time and I am grateful with my choice.
My only regret is I didn’t buy 2 years ago.
Oh that's exciting... What did you get?!
Yeah if I was to buy something right now it would be hard not to buy a full EV.
Thank you! I have been considering a phev for awhile now and you made it so easy to compare the annual costs, incentives and 10 year costs to consider the overall value. I'm a geek and loved the numbers! I will let you know what I decide. I had not considered a Toyota before and plan to test drive one now. Due to the consideration of the longevity future resale value/ Currently, I prefer luxury styles vs truck style so we will see how this compares to the others in this class.
Glad you found the video! It was a lot of fun really breaking it down... For us it's an easy choice if we e going to get two vehicles, but we can still get away with having one for our family so for that it's a bit of a trickier choice. What are your top considerations?
Good informative video. thank you.
Thanks! Glad you found the video 👊
So which one would you buy right now?! 😄
Which you prefer if for taxi driver, is it EV can save more than petrol,
Is Hyundai Kona good for taxi earning
Yeah good question! I wonder if Hyundai has the reliability that would be enough for a Taxi.... we have a Hyundai and the engine died!! lol
@@TheSAHDLife,,,,😂 .. good and Sharp reply
The oldest Tesla S is about 11 years old, the ones that had autopilot 2.0 were apparently able to buy an upgrade to the infotainment system. including other Teslas that were manufactured well before 2018
Our Tesla has already gotten better since we bought it 2 weeks ago. They included a new summon feature that wasn't there when we bought it which is pretty cool. The fact that these cars get better over time is impressive.
Honestly, I wouldn't buy anything other than a Japanese car, and Toyota and Honda are right there for me. Even Nissan are getting better without Ghosn there. But PHEV, Toyota has the upper hand I think, although Mitsubishis look good, and Australia loves them.
I'm kind of right there with you... I hear great things about Lexus but they seem a little out of range financially though I really haven't looked into it. My folks and best bud have Mitsi phevs and are happy with them... Who knows what the resell will be like on 5+ years though. Will anyone want them? I wouldn't want a 2019 Outlander PHEV really... The range would be so bad. My folks is a 2022 with a battery range of about 40kms... My friend just got a 2024 and says he gets 80-90 per charge but he's a bit of an exaggerater. They say online it only gets 61. That's still 50% more range in just two years though.
Good rate, mine is $0.35 so its quite different. The other thing to know about prius is the ABS system is very expensive to fix.
That's something I haven't heard about... interesting. We definitely have cheap electricity here compared to a lot of countries in the world... for now anyway. What are you driving?
@@TheSAHDLife prius and model3 but after driving the ev I think the hydrid is quite unresponsive. Of course, it doesn't help to have a small and old hydrid 2011 with 81K miles. The ABS system (cylinder master/booster and the brake pump) of the prius would cost more than $3000 to fix at the dealer and more than $2000 at any shop.
The simple hybrid is by far the best choice. Especially Toyota Prius. The traction battery is only 70 pounds, the size of a toaster oven. And the vehicle gets 50+ MPG. Extremely reliable, extremely efficient, extremely proven. I’ve driven this car for over 10 years with zero problems.
I agree with you. It's about 15 miles round trip from home to work. My work has the free level 2 charger in the garage. I test drove ford escape phev, and I actually like it. I calculate about $400 per year for gas, maybe a lot less, if i get the ford escape phev.
Comparing me. Driving my car, I spent about $3000-3600 per year for gas. Plus, it's expensive full coverage insurance. I do use my electric fast scooter sometimes. No car payments or loan.
One that makes me not buy the car is car payments for next 3-4 years. Hadd to decide..
Hard to decide indeed. We've ramped up our driving and think we've decided on the Tesla Model 3 base model since it has the LFP battery and is just chock full of features while still qualifying for the FULL ev rebates here in Canada. It took us a lot of research to get here. I test drove the Kona yesterday and it was decent but just lacks so many features you get in the Tesla.
@TheSAHDLife I was about to buy a tesla model 3 before the pandemic. I didn't pull the trigger because of the charging issue. My house garage has the 240-volt connection, but knowing me, I will forget to charge the car since I usually forget to charge my phone. That's why I am leaning to plug in hybrid.
It's very hard decision. I usually drive japanese cars like infiniti, lexus, and subaru. I had a bmw 3 series with the dual clutch transmission. I am financially free and really don't want an auto loan for next 3-4 years..
Hopefully, the plug in hybrid will get more electric miles and I definitely will pull the trigger
@@windblower5 The wife and I JUST made the decision we are going Tesla Model 3 for our 2nd car and getting the base model rwd as it qualifies for the FULL rebates in Canada and comes with incredible features in the base model (air cooled seats, screen in the back for the kids, seat memory, etc).
We have done SO much research but this seems like the best thing for us. If it would be our only car it might be a different decisions but since we have a AWD ICE SUV for the family the Tesla it is. Although I'm a little concerned about being a Tesla owner to be honest. I have zero interest in talking about Elon.
It didn’t really seem like a question to me. I would either buy a fully electric, a fully combustion engine, or a hybrid. Never a PHEV. What the fuck am I going to do with 26 miles?
Hehe, I hear you. My folks for example are retired and live 6 miles out of town... the PHEV is enough for them to run to town to do some errands, come back, plug-in, and rarely have to ever put gas in... so they're on EV almost 100% of the time but then they have the flexibility to drive the 300 miles to come see us on a tank of gas.
We ended up getting an EV and for our lifestyle it's just the best.
looking into Mazda CX-90 PHEV
While I am USUALLY a big fan of Mazda, I feel like I need to share with you... a friend of a friend of ours bought that vehicle 2 months ago and it was in the shop EIGHT times during that period. She ended up trading it in at a huge loss and getting the non PHEV version.
I'm sure it was just a lemon and the rest are hopefully much better than hers but... just throwing that out there. I'm a little skeptical of models that haven't been around that long.
It's tough when you want 7 seats though. My other friend recently got the 2024 Outlander PHEV and has been happy with it. It gets over double the electric range of the Mazda too.... but it's a Mitsubishi. I do like the fact they went all in with the PHEV like 10 years ago. It's a bit more confidence inspiring.
The Mazda WILL be more fun though and if you get a warranty then hey, it should be fine.
There will always be horror stories though whatever you get hehe. Sometimes you just gotta pick one and go with it.
Thanks for sharing the info. It’s interesting you mentioned Mitsubishi! That was the second option I was looking at.
I bought a used 2020 Bolt EV with 40k Kms with new 8 year battery and new 8 year warranty (GM recalls) for $22,400 CAD total (no PST). Technically a brand new car in a used price tag! I charge at work Level 2 for free. Rarely I charge at home for 5 cents per KwH. Suits my needs. My last vehicle was a Dodge Caravan where I spend $500 per month on gas. I save 6k a year! And in 4 years my Bolt is paid off.
Amazing! That's rad. Nice deal!! We bought an EV over a month ago and are just loving it. We saved a few hundred bucks in fuel already. We still have our other gas car but rarely drive it now. It's in great condition but I just don't even want it anymore 🤣
@@TheSAHDLife yes glad you are loving your EV just like me! My other car 2006 dodge calibre awd is just used once every 3 weeks now. I just put $30 gas on it and felt i was ripped off!!! I bought it 8 years ago for 3k and looks like it is dying. So I am contemplating buying the 2024 Chevrolet Equinox EV with 513km range for 51k. It has amazing deal at the moment. Federal $5k, BC $4K, $3k GM website, $1350 GM preferred pricing, $1250 Costco and 1k Student/First Responder with 0% for 48 months. Upto $15,550 discounts. 51k minus $15,550 is $35,991 total. Very tempting as this will be my first brand new vehicle purchase if ever.
@@StrikeFirst01 Hahaha that's hilarious about the $30 of gas feeling like a rip off. I can totally relate. And ohhhh yeah that's a juicy deal for sure! I'm not the biggest Chevy fan but if it comes with a full warranty, for THAT price... that's tempting. Have you driven it yet?!
@@TheSAHDLife yes equinox was a nice ride. Thinking about purchasing it but i would probably wait. Just dont want another monthly payment for now. Loving the freedom of no payments
By far the best comparison video out there, and being in BC a lot of the facts and figures are comparable for me.
Thanks for saying! Glad you found the video. A lot of comments mention Tesla's being cheap and how leasing is a great option but, jeez, here in BC those options are still just a little too much. I think leasing could be an interesting video to talk about but again it might have such different results depending on where you're from.
Ive heard about the tire thing already, that study however did not compare a ice tire with an ev tire however, and had an emphasis on reckless drivers
Yeah I don't think it's a reason to make or break a buying decision... It was just something I had never considered before about the weight and how that might affect tires.
BEV’s are so not there yet. I can drive my old Hyundai Sonata ICE vehicle from Western Washington to Utah in about 12 hours. I mapped out that exact same trip in a Tesla Model Y, and it’s over 18 hours. I don’t know very many people who are willing to put up with that inconvenience. Not me.
Yeah my conclusion is that they aren't for that yet you know? They are great if ALL you do is commute, or need a second car for running errands... and you have a main car to use for the road trips.
All the power full race car have tire changed frequently at race course. reach 100km in 6 seconds, tire have friction a lot with road surface.
Man that's such a crazy waste of resources! All the gas/rubber in a race. I've never been to one. It must be nuts. Such big business!
Very great and informative video. Thanks a lot.
Thanks for the comment, I appreciate it! 👊
One other thing is the difference in insurance cost for an electric vs gas.
Yeah you know I heard that, so I called my insurance company to ask and the numbers weren't that different. Maybe it's come down over the years?
Yea I called mine just a week ago and I have AAA and they wanted $5k a year for a Tesla Model Y and $2100 for a Toyota Grand Highlander. I’m guessing it depends on the insurance company and I’m almost 40 so it is not age.
@@iamgladiator Do you own the Grand Highlander? That's pretty high on our list of vehicles we'd love to own though it's a bit pricey. If you have it are you happy with it? Would recommend?
@@TheSAHDLifeI was in line to get one then they went on a stop sale for the airbag issue and earliest they will be back in production is late August 2024 and my family and I needed a car now so we went with the Toyota Sienna and really like it a lot. Gas mileage is great and is really comfortable and roomy even for myself who is 6’4”
Living in the UK I went from a diesel to a plug in hybrid then to an EV. Finally decided to go back to plug in hybrid as it suits our lifestyle better than a long range EV. We kept an older EV as our 2nd car for the last 8 years and plan to keep it until its RIP 😊
That's interesting and sounds like a good setup... something we would like to have as well. Do you mind if I ask which vehicles in particular you kept?
Excellent video
Thanks! Really appreciate the positive vibes 👊
Hybrids require you to carry around two power plants. More parts, more expense. Own ONLY BEVs now and routinely travel across country to visit family.
Yeah there is a lot more complexity for sure. We ended up getting an EV and love it so far. I'm skeptical it'll be extremely reliable so we'll see! Fingers crossed.
I bought a Toyota Venza hybrid. My brother bought a Tesla Model Y. I live in Rio Rancho, NM. He lives in Phoenix, AZ. He has good infrastructure around him. He comes out to visit me around twice a year. When he is here the closest supercharger is 12 miles from my house, so infrastructure here is lacking. This and resale is what made me decide on a hybrid. Right now New Mexico is a big open state with lots of places to visit. A full electric vehicle would have trouble getting to many of them without charging, and charging is not an option. It's not just inconvenient when out of town. My car has averaged around 44 mpg since I have owned it. I can go to any corner of New Mexico and back without the need to refuel from my location. That was worth it to me. That being said, a used EV may be in my future for short trips around town, as I could take advantage of their rapid depreciation.
Enjoyed your video! Went with a Kia Stinger GT for the fun factor, but my wife does have a RAV4 Hybrid for the practicality factor.
Is the stinger pretty fun to rip around in?! Those look sweet. Is her hybrid mop the floor when it comes to fuel efficiency compared to it or not that bad?
@@TheSAHDLife it's definitely a lot of fun, and a smooth cruiser. I don't drive much but the cost of ownership is certainly higher at around 2x-2.25x per mile
2023 Stinger GT - $2000 on premium gas over 12000 miles at an average of $3.78 gallon and 22mpg
VS our 2020 rav4 xse hybrid
$3000 on regular gas over 36000 miles at an average of $2.80 a gallon and 38mpg
I just bought the 2024 Hyundai Santa Fe hybrid and I absolutely love it. Get around 550 miles until you have to fill up. Depending on how you drive it.
Nice! You know, we bought the fully loaded 2014 Sante Fe and I have to say, the features are still fantastic and the car feels great even today. It would be nice if it were a hybrid etc but you sure get such good value from Hyundai's right? That range seems awesome.
HEV is the cheapest option. However, if you can charge at home and do more than 20k miles per annum or can get tax rebates, i do recommend PHEV for you. For me, it is a PHEV.
HEV is a great choice. We ended up going full EV and is incredible. It's hard to find the right vehicle though! Definitely requires lots of thought. 2,000kms has cost us $35 CAD in electricity!
@TheSAHDLife the new prius phev is not much different in price from model 3/modely in the UK. Our family car is modely, which would mainly driven by my wife. I just wanna clarify once more. If you went for the prius prime , would you have gotten tax rebate? If yes , by how much would it had be cheaper than model3 with rebates? Thanks, Dayo from UK.
@TheSAHDLife am glad you went for what you like - EV
@@dayoadeosun1520 Yes, we would have gotten a $7,000 CAD rebate for a hybrid as opposed to the $9,000 we got with the full EV. Also because we used a referral code we got an additional $1,000 off the Tesla.
Since I do like some bells and whistles I would have gotten at least the mid-tier of Prius Prime which is 47k compared to the 49k of the standard range Model 3 which is what we got. They would have been very similar in price at the end of the day and I feel I personally am way happier with the refreshed Model 3. Hope that helps!
@TheSAHDLife Thanks for the clarification. I am convinced that owning a prius prime is cheaper than a model3 but you went for the car you liked and that is the most important part.