Global EV demand rises for second month, data shows

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WTFAnimations@reddit

But this subreddit tells me Americans only want gas guzzling V8's.

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I never would have thought this administration would pursue such an innovative market based solution to climate change but here we are, let's hand it to our degrowth kings weaning us all from fossil fuel dependence

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boywiththethorn@reddit

Orange warrior by day, green warrior by night

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walnut100@reddit

I get it.

On the other hand, I'm probably an outlier moving back to gas. I already ordered an S580 and the new i7 interior is not doing it for me. The amount of cars available in this segment is so small in the EV space.

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WhateverItTakes117@reddit

The Lucid Air ain't bad though...

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walnut100@reddit

I really championed Lucid but they just aren't up to par. The sound system is straight out of a base Corolla, which is is a non-starter for me, but I've done three different test drives over three years and each time there's crazy software issues. The past two times I had cars that couldn't even start.

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Milksaucey@reddit

Basic functionality has to work in a car. It is completely unacceptable that they can't properly unlock a door. Every other car company seems to have no problem with this including other EV companies. It would be one thing if it were their first car but it's still a problem with the Gravity.

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mustangfan12@reddit

They've had so many software issues with basic issues like keyfobs not working. I don't care if they've said the software is fixed or not, when your spending $100k on a car it should not come with non functional software for many years.

Lucid also price gouges you on basic options. Like on the Gravity they force you to pay almost $3k just to make it a 3 row SUV like what its advertised to be. BMW and Cadillac don't engage in that behavior

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koopa00@reddit

Reviews from owners are a mixed bag entirely due to the software suite. Sure hope they get their shit together because I'd love to try a Lucid Air.

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itsamemarioscousin@reddit

The EQS being so unappealing is part of why the market feels small. If they'd just done an EV S Class like BMW did with the 7, there'd be a lot more full sized EV sedans out there.

The ICE segment is rapidly shrinking there too - no A8, the LS on its last legs, no Quattroporte, no Jag XJ. Basically down to the 7er, the S Class, the G90 aaand...I'm starting to run out of cars. Panamera, if it's not too sporty. Flying Spur and Ghost, but they kick off in pricing a lot higher than the others.

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walnut100@reddit

The EQS is such a disappointment in every way. It rides pretty well but the minute you pull the door shut and hear those awful squeaks you know it's just not on the same level.You're right about the ICE segment though. I'd like a bigger back seat but I'm not opposed to a Panamera.

Even as the company owner I can't pull up to my office in a Bentley or a used RR. That image is too damaging for employee morale. I think the furthest that goes is a debadged Maybach. I doubt most people would be able to tell the difference between that and a regular S Class.

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itsamemarioscousin@reddit

Bentley and Rolls definitely convey a level of wealth that is going to make salaried or hourly payed employees unhappy if they see the boss rolling around in one.

So much of the market has gone towards SUVs at this point, makes it hard for OEMs to justify the investment in sedans. Don't think we'll be seeing a new A8 any time soon, with the Q9 just around the corner.

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mustangfan12@reddit

Unfortunately full size luxury sedans are just dying as a whole. The S class also isn't selling well but that's mainly because of how much cost cutting they're doing. The EQS is especially bad because they cared about Aero over what buyers actually want

I personally don't like EVs because all the manufacturers just copy the worst parts of Tesla. Its almost impossible to find any EV with normal door handles. Cadillac is the best about making normal EVs but even most of their lineup has retracting handles (except for ultra expensive and big Escalade)

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trackdaybruh@reddit

Not surprised, I remember reading a comment in a Reddit post about the recent climbing gas prices on how they paid only $8 to fill up their EV “gas tank”

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LongjumpingLock5875@reddit

If you are looking into a new car, I think an EV is totally worth it if you want one.

But I do see the "just buy an EV" sentiment all the time outside of that case.

An increase in gas prices by a few bucks shouldn't push you to get a brand new car considering how long it would take to break even.

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rapzeh@reddit

Probably makes sense only for people already looking to buy a new car, and already considering electric.

The guy looking to buy a truck to tow a boat will still go internal combustion.

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FMJoey325@reddit

Yup bit an increase in gas prices by “a few bucks” makes a tank double from \~$30 to \~$60+ so it impacts your bottom line more if you zoom out to a whole month of commuting, etc.

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HeavyDutyForks@reddit

Yup and an increase in gas prices by “a few bucks” makes a tank double from \~$30 to \~$60+

What? Let's say gas was $4, so $30 gets you 7.5 gallons. Gas increases by a few bucks up to $6, now 7.5 gallons costs you $45. In order to double the cost of putting 7.5 gallons into the vehicle the price of gas would have to double

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FMJoey325@reddit

The price of gas DID double. It’s over $4.50 per gallon.

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HeavyDutyForks@reddit

$2.98 pre war to $4.50 now is not double?

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FMJoey325@reddit

Locally for me was just above $2, so it has technically more than doubled in my area. I think that falls well and truly within “let’s reevaluate our monthly budget” territory for a lot of people, especially those surviving paycheck to paycheck.

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cubs223425@reddit

While often paying $5-10K more for an EV, compared to an ICE equivalent. If you're spending thousands of dollars, especially on a loan, to save on immediate gas costs, you're probably not very good at financial decisions.

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dantose@reddit

Solid financial decisions should be based on math, not feelings, so let's do some math:

Let's see, figuring a $5000 premium for EV over ICE (best like-for-like I could find was equinox vs equinox EV), 6.5% (which seems really high to me, but it's what google says) and a 5 year loan, you'd pay \~$27 in interest per month (actually decreases overtime, but let's run with this for now). Google says average monthly driving is around 1150 miles, figure 4mi/kwh, $0.17 residential electricity rates for $48.88 charging costs per month, that's total monthly cost of $76 per month. Alternatively, that same 1150 miles, 30 mpg at $4.50/gal is $172.50, so the interest and electricity is about $100 cheaper per month than just putting gas in your car.

Even if we take the TOTAL additional payment for the two options ignoring equity/additional utility gained, we'd get an additional $97.84 for the car payment +$48.88 for electricity is $146.72 total additional payments per month for the EV, vs $172.50 for gas, so yeah, the average person is ahead not only in total cost to own, but also spending less month to month.

The actual financials of EVs are quite solid.

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ResEng68@reddit

Great. The underwrite on an EV works if you assume 50% a move market pricing on gasoline.

Gasoline spot price is $3.7/gal (before taxes), but futures prices quickly decline to $2.3-2.5/gal once you get into 2027+.

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withsexyresults@reddit

Man that’s cheap, my last fill up was at 7

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dantose@reddit

I'm looking at national averages for retail price-at-the-pump, not commodity spot prices. Unless you own the infrastructure to take bulk shipments, you're not paying spot price.

Then you bring up futures trading? I think you'd have a hard time driving to work on commodity futures.

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ResEng68@reddit

Where do you think gasoline prices at your retail station come from? They're tied quite clearly to refining benchmarks + taxes + (nominal) cost of transport.

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HeavyDutyForks@reddit

According to a 2025 report published by Insurify, an insurance cost analysis company, EVs cost about 49% more to insure, on average, than their gas-powered counterparts. According to the study, EV drivers make an average of $4,058 in auto insurance payments annually, compared to an average of $2,732 for Americans driving internal combustion engine (ICE) vehicles.

Also factor in increased insurance premiums into that

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dantose@reddit

Methodology is missing from that article, so we have no idea what those numbers actually reflect. For example, EVs are disproportionately newer vehicles, which would in turn have less depreciation and higher cost, skewing the numbers if we're just looking at average payments for EVs vs ICE without controlling for vehicle age and price. Better would be to compare typical insurance rates for models that are available either as ICE or EV, but google is only pushing sites trying to sell stuff rather than data.

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HeavyDutyForks@reddit

Methodology is missing from that article

You have to click through a few links but its there. Its Insurify's Insights, they use databases, third party data, and surveys to aggregate their information

Better would be to compare typical insurance rates for models that are available either as ICE or EV

The link in the article takes you to a page that compares EVs to comparable ICE models

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dantose@reddit

Thanks, missed that, but it doesn't quite deliver what I'm looking for. The only real like-for-like on there is F-150 vs F150 lightning, which are near parity. Then they compare just wildly silly ones. Take the Ioniq 5 vs Kona line. It shows a 40% jump in insurance rates, which sounds crazy until you stop and think, "hey, aren't those two at wildly different price points?" Why yes they are. The Ioniq 5 starts at around 35k, and the Kona starts at 25k. About a 40% jump in vehicle price lining up with about a 40% jump in insurance cost seems in line with what you'd expect.

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koopa00@reddit

It's skewed by certain car brands like Tesla that have much higher insurance rates (probably due to accident rates or something like that). The Equinox ICE vs EV insurance price is basically the same, which is what their example was based on.

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koopa00@reddit

That price gap has become smaller over the years and will continue to do so. Where I live, where gas is $6/gal and my electricity is $0.08 per KWH, you can nearly close a $5K gap in 1.5 years on fuel savings alone if you drive 13500-14000 miles per year (what the average American drives). An EV has a lower total cost of ownership than ICE, so you'll save on maintenance too.

On the used market though it's not even close.

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Drzhivago138@reddit

Yes, but the people buying the EVs over ICEs (probably) aren't going to immediately sell them back if/when gas prices drop.

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withsexyresults@reddit

You can easily make that difference up if you drive a lot with high gas prices in couple years

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rainydayflaneur@reddit

Bought the Trailseeker and it costs me just shy of $8 to fully charge up. I took the wife on a glamping trip over Mother's Day weekend and there were free charging stations at the campground's parking lot. I still can't believe it. Wasn't even the only free charging setup I saw in the area.

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