Comments by "TeeKay" (@teekay_1) on "MGUY Australia"
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@geirvinje2556 Well, that makes sense though. The world depends on oil. In fact without oil, we'd be running civilization like the 1850's, with all of us using whale oil lamps, and huddling around fireplaces for warmth.
The reality is ships, transport (long distance and local), heating houses, trains, farm equipment, can cars, largely depends on oil. So keeping oil cheap is the key to keeping the cost of all goods and services down.
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@badchefi so first, you must realize that $20,000 US is about $31,000 NZ.
Second, gas is $3 US a gallon but in New Zealand, a gallon of gas is the equivalent of about $11.50 US, and at that price a Honda Civic will use about $950 US a year or about $11,500 NZ a year. So over 20 years, gas will cost about $18,000 US or $218,500 NZ because of your government gas taxes (this assumes an average driving of 11,000 US miles per year)
The cost of a new model 3 Tesla in NZ is $66,900 NZ or $43,000 US
So in the US when you run the numbers against a Civic, the Tesla 3 makes no sense economically, and there's no way that Tesla 3 will make it to 20 years.
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iscadean3607 "All humans need to relieve themselves and refuel every 3 hour or so."
Maybe when they get really old? 3 hours at 70 MPH (avg), 240 miles. Not even one stint with that kind of range. Then I have to sit around for what.... 90 minutes? By comparison, the SUV will go about 500 miles, get 25 MPG, meaning we can make it 1/3 of the way across the country, then settle in at our hotel.
But to the topic at hand, the Polestar falls into that range where it's too expensive for the core functionality it provides. Sure, it has really great Scandinavian design, brilliant controls, passable shape, but why would I pay $65K for such a limited car? If it were a gas powered car, it would be selling for 1/3 less. So as a consumer, there really is only one rational choice, and it's not the Polestar, as much as I like the interior.
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@williammeek4078 The cost of repairing “fender benders” is the same for new cars BEV or ICEV
"Hertz Global is slowing down the pace by which it adds battery electric vehicles to its fleet, executives said on a third-quarter earnings call on Thursday. The rental car company cited Tesla’s price cuts negatively impacting the resale value of its EVs, and higher than expected repair costs for EVs as a reason to slow its pace of electrification "
"According to the report, insurance claim costs are usually higher for electric cars. "As it relates to average severity for repairable vehicles, EV costs continue to exceed those of ICE automobiles. For Q2 2023, severity costs were higher for EVs by $963 in the US and $1,328 in Canada ," wrote the study." from InsideEV written by Andrew Lambrecht
"But collision repairs may be a different story. According to a recent study from CCC Intelligent Solutions Inc., for example, based on actual insurance claims for small, non-luxury-brand cars with front-end damage that were still driveable, the average EV model cost $4,041 to fix. That was about 27% more than the average for roughly comparable non-EV models . Based in Chicago, CCC processes and analyzes auto insurance claims related to more than 16 million repairs annually, the company says." from Forbes
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