Rising prices push US gasoline-car ownership costs to breaking point. The good news? The future: Chinese EVs that cost half the price, with by electricity that costs half that of gas, is already here.
Rising prices push US gasoline-car ownership costs to breaking point. The good news? The future: Chinese EVs that cost half the price, with by electricity that costs half that of gas, is already here.
"The average sticker price for a new car in the US is more than $50,000, up from about $40,000 in 2020,.............with S&P Global Mobility predicting the proportion of $1,000-a-month loans will double over the course of the year to 40 per cent."
Meanwhile, Chinese carmakers like BYD are selling decent salons & SUVs for $25,000 or less. With home charging costing ~0.25–0.30 kWh/mile, electricity ≈ $0.17/kWh, that means $0.04–$0.06 per mile. Gas at $3.10/gal costs twice that per mile.
The fossil fuel industry and legacy gas-car makers think they can string this out for years to come, but I wonder if it's the opposite. Affordability is the political buzzword of the mid-2020s, and gasoline is on the wrong side of it. Most people would have several thousand extra dollars in their pocket every year if they chose Chinese EVs.