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You May Not Save Money by Driving an EV

It all depends on a handful of personal factors you need to consider before you make the plunge to buy your first electric car, hoping to laugh at gas stations. It may not work out that way. Follow @briancooley on Twitter: Subscribe to CNET: Like us on Facebook: Follow us on Twitter: Follow us on…

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It all depends on a handful of personal factors you need to consider before you make the plunge to buy your first electric car, hoping to laugh at gas stations. It may not work out that way.

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0:00 Intro
0:26 Buying an EV
1:47 Depreciation
3:22 The Battery
4:51 Daily Costs
7:15 Close

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51 Comments

51 Comments

  1. Jezza

    May 9, 2022 at 11:22 pm

    I’m sorry but this is total BS!!! Pretty much everything he says is just plain wrong. Who sponsored this video Toyota? BTW, I own a Tacoma and my wife is on her third Prius…Tesla Model Y on order though.

  2. SpiritsBB

    May 9, 2022 at 11:25 pm

    Poor time to upload this video. The resale price for EV is currently overpriced and gasoline price is way high.
    It’s like buying an Apple product really. It depreciates like crazy, so you should get 2nd hand and reap the benefit of a depreciated EV car.

  3. R B

    May 9, 2022 at 11:27 pm

    Very poor arguments

  4. Yuen Tsang

    May 9, 2022 at 11:29 pm

    I don’t get how it is better for the environment. The electricity come from fossil fuel. Solar only generates 12% of our energy. Also, the entire care is made from fossil fuel. Can someone please provide data to support that EV is better for the environment within this context?

  5. Southern92

    May 9, 2022 at 11:29 pm

    Incredibly biased. ICE don’t need engine replacements but EVs will need battery replacement?? I’m not going to put a number on battery replacement. . . but it’s $10,000. Seriously??
    I’ve never seen such a good job of weaving together spot truths to tell a false narrative. I like CNET in general, but this is VERY poor information distribution. Earned my very first YouTube DISLIKE.

  6. Joe Kim

    May 9, 2022 at 11:30 pm

    This guy is biased and has so much oversight plus incorrect information. These are the videos we wish we could see the dislike button. Please do not ignore the comments and address this.

  7. Husso Elna

    May 9, 2022 at 11:32 pm

    Let’s cancel CNET!

  8. venom5809

    May 9, 2022 at 11:33 pm

    You can never convince these EV psychos that they are wrong no matter what you tell them. LOL

    • A Azad

      May 10, 2022 at 12:29 am

      That’s because they’re not wrong.

  9. Cliff Giel

    May 9, 2022 at 11:43 pm

    Biased much? Lol this guy is a joke. I’ll tell you all the negatives of an EV (as if gasoline cars don’t have majority of those same negatives) and non of the positive ones. Go make a decision.

  10. yesbossss

    May 9, 2022 at 11:48 pm

    How is your electricity produced? If you think renewal then Big NO. Also lithium requires lot of energy to produce . Not being a troll or fighting. Electric car is decades away from being mainstream. Until battery is better and majority of electricity is produced by renewal sources.

  11. Roger Dodger

    May 9, 2022 at 11:49 pm

    I find it a real sense of justice that the greenies that are out to save the planet, bend over and grab their ankles while doing so.

  12. Zac Smith

    May 10, 2022 at 12:00 am

    Yeah this is just wrong. You can get EVs for cheap used and there’s 0 maintenance. Most people shop for whatever kind of car they like for the payment they can afford when they’re new car hungry….lame video cnet.

  13. Front Row

    May 10, 2022 at 12:04 am

    Everything this guy just said is stupid.

  14. Haris Khan

    May 10, 2022 at 12:07 am

    EVs are the clean future for all of us

  15. Darrel Peters

    May 10, 2022 at 12:17 am

    CNET is way off on this one. Right now USED Tesla‘s are going over and above even the new car prices that they are currently offering. Forget about trying to buy an ionic five or Kia EV six. They are hard to get and dealers are getting over and above sticker price. It will be this way for a while during the current chip shortage and as long as gas prices are hovering around around between four and six dollars a gallon. Best spent right now if you need a new car to buy a hybrid or plug-in EV. If you can find one.

  16. md p

    May 10, 2022 at 12:19 am

    This video would be perfect in 2012. Poor old timer. 😂😂

  17. Alex Anders

    May 10, 2022 at 12:22 am

    What a poorly produced video. So, the battery in an EV is comparable to an ICE car’s engine and only a battery is likely to have to be changed? Because spark plugs, transmissions, oil, air filters, and nothing in an engine needs to be changed? Have you owned a car before getting an EV? And did you then follow that up by saying that the battery wouldn’t probably have to be replaced during the time the buyer owns the EV? Then what was the point of the statement?

    And you live in California and you don’t think the gas prices vary? Seriously? When was the last time you bought gas outside of the state?

    I thought this video would actually help me decide whether or not to get an EV. But, no, that would require actual work on the producers part. This was clearly just click bait filler content that said nothing helpful.

  18. Mike

    May 10, 2022 at 12:23 am

    Wouldn’t it make sense to have this discussion done by a person who owned both ice and ev? Instead of an idiot who is clueless about ev’s? He owns a 15yr old ice car and that maybe the reason why he hates on ev so much? All false info here. Yes electricity prices varies between states just like gas prices varies between states about double in some states. Regardless still would be about 1/4 of gas price, no more than 1/3.

  19. Q J

    May 10, 2022 at 12:27 am

    Who paid you for this ad I mean video? Toyota BMW or Honda are my guesses.

  20. Caesar Augustus

    May 10, 2022 at 12:34 am

    EVs also can’t fill up quickly like gas. Usually a new tech is adopted when it’s more efficient then the current dominant technology. Clearly these EVs are still substandard to gas cars in terms of keeping things moving and traveling long distances. I consider EVs a waste of money bc it didn’t improve on existing tech. I’d short all the ev companies. Enjoy!

  21. Weljenks Jenkins

    May 10, 2022 at 12:35 am

    And the environmental impact of killing the planet which supersedes everything?EVs will continue to get cheaper and if we stick with gas the planet has no hope. Completely defeatist. Those who possibly can switch as soon as they can….should. That should be the message. And if you are charging at home which most people do, you will save a ton.

  22. Shanawaz Khan

    May 10, 2022 at 12:47 am

    Nissan leaf the 62kwh version is cheap

  23. Not ReallyMe

    May 10, 2022 at 12:58 am

    Do you think the government is just going to forget the money they used to get from gas taxes? They’ll come for your EV taxes eventually.

  24. Juan Pablo Domínguez

    May 10, 2022 at 1:08 am

    Feels so inaccurate this video.

  25. Obietrice

    May 10, 2022 at 1:09 am

    Brian has been clearly biased against EV’s forever. Either he is influenced by traditional ICE manufacturers who want to slow adoption or his advertising revenue from the auto industry is drying up. Especially from Tesla which has been zero and will continue to be zero.

  26. Jud Smith

    May 10, 2022 at 6:38 pm

    Expensive? Tesla Model 3 performance, $63K, 0-60 in 3.1 seconds. BMW M5, $113K, 0-60 in 3.2 seconds. Like he said, “I can think of a lot I can do with $50K. Like buy another Tesla.

  27. Junker Zn

    May 10, 2022 at 6:40 pm

    I’m torn between citing the obvious and severe flaws in this production, and just letting it go in the hopes that fewer people will compete to buy my EV. But come on… nobody buys a new vehicle in order to save money on fuel. ANY new vehicle.

    The charging cost / gas cost comparison is especially grating, though. This guy is talking nonsense. Not once does he even bother to do the obvious and very basic direct comparison in ‘fuel’ cost. Its utterly trivial math. Just assume around 3 miles per 1kWh and go from there. And he talks up all the long-debunked complaints, like Fast DC charging (ignoring the fact that most EV charging is done at home or at the destination).

    Its mind boggling just how stupid these commentators think their viewers are.

    -Matt

  28. Michael Decsi

    May 10, 2022 at 8:22 pm

    I wonder when somebody will do a video that nitpicks ALL of the economic and environmental drawbacks of ICE cars. And I mean ALL. These apples to avacados comparisons are getting tiresome and all stink of bias.

  29. thevicar1968 vic

    May 10, 2022 at 8:35 pm

    Man your gibbering sorry but my ev is ¾ cheaper to run than my old diesel car

  30. Ethan Block

    May 10, 2022 at 8:59 pm

    There are a couple problems with your reasoning here:
    -if your claim is that EVs depreciate faster than ICEs, then you shouldnt double count that when you talk about battery replacement
    -you count the time spent at commercial DC fast chargers, but not the time saved by charging at home.
    -EVs have far fewer moving parts, so even though battery replacement is expensive, it is still cheaper than maintenance on an ICE
    -you compare a model 3 to a Subaru, which is obviously more expensive as it is a luxury car
    -most people finance their autos, so the large down-payment is a silly target since it is broken I to monthly installments

    If you have an existing ICE, you are likely better off keeping it, but the vast majority of Americans would be better off with an electric car.

  31. Sim4K

    May 10, 2022 at 9:01 pm

    Sorry but you have got all you so called facts completely wrong?

  32. Ken Wallace

    May 10, 2022 at 9:04 pm

    Used EVs can be an excellent buy. I sold my 2012 Leaf in mint condition for $3200. Sure the range was down in the 80-90 mile level, but almost zero maintenance (mostly tires). That depreciation can work for you. BTW, I now lease a Tesla Model 3 and they won’t let me buy out the lease because the value is going up.

  33. MetalHendrix

    May 10, 2022 at 9:11 pm

    FUD Campaign. Im noticing a pattern on CNET and not necessarily against EV’s but against Tesla. CNET sort of HATES Tesla. Why? My Love for CNET is dwindling,I don’t understand the constant Negativity, or a better question, Who OWNS CNET?

  34. hkimble2

    May 10, 2022 at 9:23 pm

    Other than tires, I’ve been happy with the costs on my Tesla M3. But this article missed the main reason – safety! Tesla Model 3 is one of the safest cars on the road.

  35. Nerd Dren

    May 10, 2022 at 9:44 pm

    He is leaving out important information. Basically lying to guide you somewhere else. I wonder in who’s pocket he is in.

  36. StaringAt MonaLisa

    May 10, 2022 at 10:00 pm

    You know what happens when you accidentally leave your ICE car running in a closed garage or accidentally auto start your ICE car in a closed garage? You will die. Not with EV though. The purpose of buying an EV first and foremost is for the air quality for your kids and grandkids. Money is worth nothing when you don’t have clean air to breath. Have you seen the skyline over LA, Chicago etc… that is smog caused by ICE vehicles and it kills. So “go do your thing”

  37. Montavio Hawaii

    May 10, 2022 at 10:08 pm

    This video is opinionated he left out some key points such as how many miles your ev goes relative to your gas car. And are you charging at a free station or on solar at home.
    Plus he said you’ll loose $100 per week in depreciation like the Subaru isn’t loosing nearly $100 a week due to depreciation . Then factor in the gas savings after that.

    He didnt even factor in the cost to maintain an ev vs a regular car

    Im pro ev but to have it make sense you have to think about how long you usually keep your cars then mark the savings off the price. Some evs may work or it might be better buying a used gas car instead depending how long you plan on keeping the ev

  38. Jack Heath

    May 10, 2022 at 10:14 pm

    These types of comparative looks rarely take into consideration all the facts. The reality is that EV charge at home, and that’s already a big benefit to those that you have to drive to the pump. While electricity comes from a wide variety of sources; solar, hydro-electric, coal, nuclear, etc.; gas comes only from oil. So electricity will stay about the same while oil cost continue to rise. And many EV come with warranties on the battery, Tesla are even transferrable…so while it is expensive to replace them, it’s also leterally the only real wear item. Traditional vehiclews your looking at break pads, radiator fluid, break fluid, pads, drums, engine, drive train, and transmission. EV don’t really have those expenses because magnets slow the vehicle to charge the battery reducing break wear and most of the rest they don’t use or need.

  39. Dennis Warren

    May 10, 2022 at 10:23 pm

    Add to the comparison the cost of insurance of EVs versus ICEs.

  40. Rob E

    May 10, 2022 at 10:44 pm

    The ICE isn’t going anywhere for a while.

  41. yogiyoda

    May 10, 2022 at 10:52 pm

    This video is a biased hit piece. Thumbs down. For example: “Factor the time you need to drive to the charger” Umm, most people barely ever need to drive to a charger. They just charge at home. While you ALWAYS have to drive to a gas station.

    Also, why not factor in the time/money saved not getting your oil changed and other ICE maintenance cost. This video complains about the added to time to charge when out and about. Most people will almost never need to charge and EV when out and about because they charge at HOME every night. The time spent a GAS station will far outweigh the amount of time 99% of EV users spend at fast chargers.

    And if we don’t start transitioning away from fossil fuels SOON, what about the cost of living in a world with global warming out of control? Crop failures, heat-waves, coastal flooding, hurricanes, freak ice storms etc.

    There’s a lot more this video omitted or distorted too. Is this reviewer biased, dishonest, unintelligent, paid-off, or ignorant?

  42. Omniphorius VCF

    May 10, 2022 at 11:05 pm

    Good point about not needing a new EV. If you buy used it can be CHEAPER to buy than an ICE car. I bought a used Fiat 500e for $6k. It had 35k miles on it. No doubt that depreciation cost the original owner a ton, but it saved me thousands. So there are two sides to that argument.

    Though it has a modest range, it’s plenty for me, even though my commute is 40 miles each way. For longer trips my wife and I have a CR-V.

    And that’s another thing to remember, it doesn’t have to be an either or. I think most families are better off having one of each.

  43. Scott Dewitt

    May 10, 2022 at 11:12 pm

    He didn’t mention that EVs cost on average about 150% more than a comparable gas car.

  44. Valery (Val) Samovich

    May 10, 2022 at 11:17 pm

    Wow! This video is very misleading. The appreciation topic & charging section is just wrong. Oil change & maintenance not covered. ICE cars are unsafe and inefficient. EVs are the future!

  45. Edward De Jong

    May 11, 2022 at 12:22 am

    EV’s are significantly cheaper if you drive 10k miles or more. The less you drive, the poorer the bargain. Insurance costs on a new car are significantly higher than the costs on an old beater, where you can go with just liability and perhaps comprehensive. Insurance costs are a major part of car operating expenses and are often ignored. A 20 year old car can be just a few hundred a year vs. 2000 for a new car.

  46. Greg B

    May 11, 2022 at 12:39 am

    Well I brought the well depreciated EV, after just 2 years I paid 70% off new price (in my country) or NZ$18k that is a 2014 Nissan Leaf that I brought in 2016. In the 6 years of ownership it has saved me over $40k in just fuel savings alone $300 in servicing, eventhough it’s now 8 years old it’s still going strong, our current fuel cost is $2.66 per lt or US$10.10 per gallon vs 13 cents per kwh so with the mileage I do I am saving around $150 per week in fuel savings alone or 500km 310 miles.
    And just like others you can still pay $15-$18k for the same 2014 (dealer lower mileage) that is now 8 years old!

  47. Michael Smith

    May 11, 2022 at 12:45 am

    Some real boomer energy here. Not everything is about saving money otherwise I would buy a kia soul. Dollar for dollar EV’s are a better choice and are here to stay.

  48. Mark Lawrence

    May 11, 2022 at 12:54 am

    Depreciation lol, I paid $43k for my Model 3 three years ago, I can sell it for $50k now!

  49. J de la Cruz

    May 11, 2022 at 1:06 am

    No oil changes, oil filter, engine air filter, breaks in electric cars will last for many more years due to regen braking. Not breathing poison might save you in medical bills. In 5 years the model 3 is cheaper than a Honda Civic. If you charge at home always have a full battery. If you have solar the cost of charging is even less. Never fix a transmission or an engine again. How much is an engine or a transmission? Catalytic converters, timing belt, fuel filters, etc. all of these things I’ve changed myself, and even doing the work myself, the time, money, and work of doing combustion engine work is more than not doing any of those things in an EV.

  50. Finger Pickin' Good Hampton

    May 11, 2022 at 1:20 am

    Please, please find me a tesla 3 that costs 25,000. Please. Currently a used tesla will actually cost more than a new one. I know because I’ve been looking

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