Considering going EV

[EdP]

I see this in a completely different light.

3 years of EA charging is worth virtually nothing to me, because why would anyone charge at EA if they can charge at home?

Even just the inconvenience of going to the charger negates the cost savings, IMO.

What if the EA station is next to your favorite restaurant? Some years ago when EV was still in its infancy, a restaurant we went to every couple of weeks had a charging station. Fill up while you are filling up.

 

[Husky]

Thank you so much for everyone's input! I live in Central Arkansas and there are EV Charging stations other than Electrify America around me. I would definitely ensure i had the ability to charge at home for a piece of mind knowing I won't have to worry about charging. I drive approximately 36 miles a day and spend around $50-$70 filling my GV80 every week. The thought of never pumping gas again is just so nice! I will continue to do my research before I jump in and trade my GV80. Arkansas was never on the list to get the Electrified versions, so it might just be best to wait.

I share your joy at the idea of never having to go to the gas station (the closest one to me is a 15 minute drive away).
It sounds like you could just charge at home overnight (probably just twice a week) on most days. That's my plan, and it's much cheaper than using commercial charging stations. If you ever put up solar panels, it gets even cheaper!

 

[Zcd1]

What if the EA station is next to your favorite restaurant? Some years ago when EV was still in its infancy, a restaurant we went to every couple of weeks had a charging station. Fill up while you are filling up.

Wouldn't change my calculus at all.

Not to say that I wouldn't use a free charger if it were right there, because I would, but in totality, this 3-years free charging "feature" would remain a nothingburger to me.

 

[steveinarizona]

Wouldn't change my calculus at all.

Not to say that I wouldn't use a free charger if it were right there, because I would, but in totality, this 3-years free charging "feature" would remain a nothingburger to me.

Me too. In 10 months I have yet to use a fast charger. I just charge at home, overnight, to 80% and it meets my needs (even though I tend to drive the car like I hate it). I have a vacation trip scheduled but I need a bigger vehicle anyway (taking family around) so I will be renting a (ugh) minivan for the trip.

 

[skiingj]

Just seem high. I drive 8000 miles a year and average $25 a week for gas. I don't know the accuracy but I saw figures of 5 cents a mile for electric., home charge rates of .15/kW That would be $8 a week for me. I know on the road it is much more.

It might be. The average driver in CA drives 14,000 a year, which is low compared to other states. My first month of ownership my EA summaries totaled $68. If you have a EA charger nearby why charge at home the first three years. Maybe my calculations are off, I do press the boost button often. Maybe others can chime in.

 

[steveinarizona]

It might be. The average driver in CA drives 14,000 a year, which is low compared to other states. My first month of ownership my EA summaries totaled $68. If you have a EA charger nearby why charge at home the first three years. Maybe my calculations are off, I do press the boost button often. Maybe others can chime in.

If the charger station were next door to me, then yes. Otherwise, for me, my time and lack of patience is worth more than the relatively small cost of charging at home during off peak hours (no charging between 4-7 PM weekdays for me). But everyone is different.

Isn't the boost button a kick? Do we really need almost 500 HP? No. low 400s would do just fine but it certainly is fun.

 

[skiingj]

At that price I could be interested in buying another one. Which dealer was this? How many miles were on the car? Is that price net of any tax credits or other governmental incentives?

Dublin, CA. 18 Miles. $70k MSRP. Many NorCal dealers were offering ~$4k off on their website, the lease credit of $7,500, plus $500 veteran. You can immediately buy the lease out if you like. You can haggle more off as well. The dealer with the most cars would not haggle past $9k off, go figure.

 

[Zcd1]

It might be. The average driver in CA drives 14,000 a year, which is low compared to other states. My first month of ownership my EA summaries totaled $68. If you have a EA charger nearby why charge at home the first three years. Maybe my calculations are off, I do press the boost button often. Maybe others can chime in.

And if you'd charged at home, that charging would have likely cost about $25 a month.

Is saving $25 worth the inconvenience of going to and sitting at the EA station multiple times a month?

For some, it might be.

For me, NO WAY. My time is worth more than that.

 

[skiingj]

This is the wrong math to be using. Without free charging, the alternative for most would be charging at home. For $5K/yr I could drain and fully recharge my battery EVERY DAY. Not going to happen.My point is charging only at EA and what the value is for the included EA plan. I understand home charging is cheaper.

My point is charging only at EA and what the value is for the included EA plan. I understand home charging is cheaper but remember many can't charge at home.

 

[Grayson]

OP, I'm planning on keeping the car long term so I want to degrade the battery as little as possible. Therefore, I don't use the free 3 year EA charging except for road trips, since DCFC will degrade the battery faster than L2.

Also, if you're referring 20% degradation, I'm guessing we won't even hit that until 150k, 200k, or even more miles.

I think resale value will be bad because range will continue to increase and charging speeds will continue to improve. However, I usually drive cars until 150k miles before getting rid of them, so I'm not concerned about that.

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[Nycturne]

Also, if you're referring 80% degradation, I'm guessing we won't even hit that until 150k, 200k, or even more miles.

This. 3-5 years might be accurate for a smartphone to degrade 20-30%, but so many people will cycle a phone once every day or two. Modern EVs also leverage active cooling which helps reduce aging effects from use. In general, the data that is available seems to suggest batteries will age out faster than they degrade from use in most use cases unless you are noticeably higher than average on miles driven per year.

 

[Shark]

Dublin, CA. 18 Miles. $70k MSRP. Many NorCal dealers were offering ~$4k off on their website, the lease credit of $7,500, plus $500 veteran. You can immediately buy the lease out if you like. You can haggle more off as well. The dealer with the most cars would not haggle past $9k off, go figure.

I apologize, but I'm not following you. Before you said it cost you $57K, but now it sounds like you leased the car instead. You can immediately buy out of a lease with no penalties? Perhaps a stupid question, but I've never leased a car and know little about leasing. Though there are substantial penalties associated with ending a lease early.

 

[skiingj]

I apologize, but I'm not following you. Before you said it cost you $57K, but now it sounds like you leased the car instead. You can immediately buy out of a lease with no penalties? Perhaps a stupid question, but I've never leased a car and know little about leasing. Though there are substantial penalties associated with ending a lease early.

When negotiating a lease you should start with the sale price. Get the car discounted first. From what I have read on this forum, there are people that bought out the lease immediately and paid no penalties. Checkout the LeaseHacker website it has great info. Although not a lot of GV60 lease examples.

 

[Srickards1]

Dublin, CA. 18 Miles. $70k MSRP. Many NorCal dealers were offering ~$4k off on their website, the lease credit of $7,500, plus $500 veteran. You can immediately buy the lease out if you like. You can haggle more off as well. The dealer with the most cars would not haggle past $9k off, go figure.

Thank you for your service! Fellow Veteran myself!

 

[Srickards1]

OP, I'm planning on keeping the car long term so I want to degrade the battery as little as possible. Therefore, I don't use the free 3 year EA charging except for road trips, since DCFC will degrade the battery faster than L2.

Also, if you're referring 20% degradation, I'm guessing we won't even hit that until 150k, 200k, or even more miles.

I think resale value will be bad because range will continue to increase and charging speeds will continue to improve. However, I usually drive cars until 150k miles before getting rid of them, so I'm not concerned about that.

I tend to "want" the latest and greatest! I think I will hold out a little while longer. But gosh! The GV60P is an awesome little SUV!

 

[Grayson]

I apologize, but I'm not following you. Before you said it cost you $57K, but now it sounds like you leased the car instead. You can immediately buy out of a lease with no penalties? Perhaps a stupid question, but I've never leased a car and know little about leasing. Though there are substantial penalties associated with ending a lease early.

There is a $300 buyout fee. No penalties. See my post for steps:

$7500 back on a lease??

I did the lease and buyback. Here is my timeline from Genesis Chantilly: 7/24/23 Lease car 7/25/23 Login to New Account on GenesisFinanceUSA.com and request buyout 7/28/23 Get cashier's check from bank and mail to Genesis Finance. I didn't do this on 7/25 because I was waiting for the first...

genesisowners.com

I ended up paying $57,582 all said and done for a $61,660 MSRP GV60 advanced.

 

[steveinarizona]

I tend to "want" the latest and greatest! I think I will hold out a little while longer. But gosh! The GV60P is an awesome little SUV!

I understand and don't blame you but I hope you realize that there is no end to the waiting: there will always be a new latest and greatest around the corner.

 

[Grayson]

I tend to "want" the latest and greatest! I think I will hold out a little while longer. But gosh! The GV60P is an awesome little SUV!

You should probably lease then, since EVs will improve a substantial amount in the next few years, especially with range, battery type, and charging speed.

 

[steveinarizona]

You should probably lease then, since EVs will improve a substantial amount in the next few years, especially with range, battery type, and charging speed.

Leasing will let you walk away after the expiration of the lease period. But, and there is always a but in life, the depreciation will be built into the lease price. So the major advantage of leasing remains the $7500 tax credit.

 

[JohnSC]

Just seem high. I drive 8000 miles a year and average $25 a week for gas. I don't know the accuracy but I saw figures of 5 cents a mile for electric., home charge rates of .15/kW That would be $8 a week for me. I know on the road it is much more.

This is on the money from our experience. After 2k miles, we are getting about 4 cents a mile, paying 12.13 cents per kWh plus franchise fees.