Month: August 2019

As a new first-time owner of an electric vehicle, I thought it would be helpful to do a series of posts on some of the questions I had getting my first EV, a 2016 Chevy Spark EV, in January 2019.

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Next on the EV discussion, let’s talk about the biggest factor besides the initial cost, and that’s range.

The #1 reason people don’t purchase EVs – even more than price – is range anxiety. The question is always, “Will this car get me where I’m going without running out of juice?” This is a legitimate concern, and depending on your answers to these questions, plus factors like your budget, may tip the scales for – or against – an EV. Let’s hit them quick.

1. Distance. How far is your drive? Is it a daily commute across town, or are you a sales guy traveling city to city? You need to factor in what your driving habits require. In my case, my commute is 25 miles round trip on surface streets. Even a short range commuter car like my Spark EV handles it well.

2. Terrain. My drive is all downhill to work, all uphill back home. I use very little capacity getting there, and a lot more coming back. For me it evens out, but if you’re in very hilly terrain, it can affect your range.

3. City vs. highway. Gas vehicles get better mileage on the highway. EVs are exactly the opposite: Range is better in city driving. This is due to lower speeds and lots of stop lights, which engages regenerative braking.

4. Access to charging stations. If your business has charging stations on site, you may be able to charge each time you get to work. Or there may be places on your route to charge should your battery start to run out of electrons. Even in a long-range version, factoring in where stations are along your route can decide whether an EV is right for you.

5. Weather. Wet or dry weather doesn’t affect EV’s, but cold weather especially shortens battery range. Hot weather can also affect it, and may hurt battery life in the long run. Which brings us to our last factor.

6. Liquid temperature management system. Living in an extreme environment like Las Vegas, having an active temperature management system for the battery was critical. A liquid cooled (or heated) battery becomes more important the more extreme your climate. In the desert, it’s very important, in order to keep capacity loss to a minimum.

In our last installment, we’ll talk about getting your vehicle serviced.

As a new first-time owner of an electric vehicle, I thought it would be helpful to do a series of posts on some of the questions I had getting my first EV, a 2016 Chevy Spark EV, in January 2019.

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This time around talking EVs, let’s talk bigger concerns – like fuel, insurance and the cost of battery replacement.

If you’re concerned about the long-term costs of owning an EV, I’ve often been told a good rule of thumb is to check the vehicle’s auto insurance rates. Insurance companies know if a vehicle is expensive to repair in the case of an accident, plus they include other things like availability of parts, which all factor into the ultimate premium you’ll pay. For example, Teslas tend to rank a bit higher, because availability of parts is a problem compared so a major company like GM or Ford. In my case, the insurance on my Spark EV is just a few dollars higher than my wife’s 2007 Pathfinder. That would be good enough, but I’ve also reported vehicle usage at 8,000 miles a year for the Spark, and only 4,000 miles for our Pathfinder. Nearly the same rate for twice as many anticipated miles – not bad.

What about fuel – in our case, electrons versus gas? I’ve been keeping pretty meticulous records of my driving and fill-ups since purchasing the Spark in January. My bill for fuel has ranged from 5 to ten dollars per month. Driving the same number of miles in our Pathfinder would have cost me between $110 and $130 per month in gas. In addition, all Level 2 charging stations in my area are no cost to use, so that can drop your bill even further.

(NOTE: Part of my savings comes because NV Energy (our electric utility in Las Vegas) offers special rates for EV owners for off-peak charging. With their program, my rates at night are less than half of the standard rate. Of course, all utilities are different, so check with your local utility if they offer such a program.)

Of course, everyone’s biggest concern is battery replacement cost. Now there’s no doubt a battery pack for an EV will be expensive if it needs to be replaced. Estimates I’ve seen range anywhere from $3,000 to $6,000 – about the same cost if you blew an engine in a gas vehicle. But there are two factors to keep in mind.

1. Manufacturer’s warranties. Major brands have learned that the fear of battery failure is a major concern among potential buyers. And much like the rest of your vehicle, it has a warranty covering battery life. What about used vehicles? In most (but not all) cases, the warranty transfers to other owners. If you’re really concerned, look at certified Pre Owned vehicles. My Spark EV is a CPO, and the battery warranty extends to 100,000 miles.

2. How often do battery failures actually happen? The vast majority are not failures, but a loss of storage capacity or range. This is covered in the warranty, and each brand is different. It can also be affected by how the battery was cared for – factors like how often was it “fast charged” versus lower level charging, whether it was kept in extremely hot conditions, etc. While EVs are certainly sturdy and built for long term use, even an electric vehicle needs a little TLC!

As a new first-time owner of an electric vehicle, I thought it would be helpful to do a series of posts on some of the questions I had getting my first EV, a 2016 Chevy Spark EV, in January 2019.

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In our first installment, we looked at the expense of actually purchasing a vehicle. This time we’ll talk repairs and maintenance.

There are many components in a gas powered vehicle that an EV simply doesn’t have, and therefore, don’t need to be repaired or replaced. It has no motor oil, no spark plugs, no radiator fluid, belts, hoses or other similar parts that wear out over time. Of course, an EV still has tires and brakes, even those can wear out with far less frequency.

Let’s discuss brakes as an example. All hybrids and EVs have what’s called regenerative braking, which means when you take your foot off the gas, the car uses magnetic power to slow the car down. This returns some of that kinetic energy back into your battery. As a result, your brake pads are not used, and tend to last a lot longer! I’ve heard reports of hybrids going 150k miles before new brakes are needed.

And EVs simply have fewer moving parts to break or wear out. Tesla brags their drive train has a total of 12 moving parts! By comparison, gas engines have literally hundreds or even thousands of parts in the drive train alone.

As an example, I recently got a reminder email from Chevy about my maintenance checkup. The list of items to check consisted of rotating tires, checking my wipers and filling my washer fluid. That’s it! Now multiply those savings over 5, 10 years or more.

Of course, the #1 concern of potential EV buyers concerns the battery, as in how long will it last? While every manufacturer makes a few lemons from time to time, there have been isolated instances of excessive battery performance degradation. Major manufacturers have acknowledged this apprehension, and have re-written vehicle warranties to include coverage for battery performance. But as a whole, the vast majority of vehicle batteries are expected to last well over 10 years.

Next we’ll discuss the day-to-day cost of driving an EV such as fuel (if you can call it that) and insurance.