It’s $207 cheaper in New Jersey, which Orvis said “might be the best state in the country to buy an EV, which was an unexpected finding.” The F-150 Lightning is $139 cheaper per month than its gas-powered counterpart in the Lone Star State.And it’s cheaper to own the electric versions of the F-150 and Hyundai Kona in every state. The math shows EVs are cheaper in almost every state. Divide that all over a standard six-year financing term and voila: the true cost of ownership. The report also considers the cost of gas and electricity, maintenance and insurance as well as state and federal EV incentives.It then applies that dollar amount to the electric models, creating a fairly conservative estimate considering EVs are more expensive upfront. It assumes all are bought at MSRP - which, good luck in this economy, but whatever - and it factors in a 12% down payment for the gas-powered versions.
The report looks at six vehicles that come in electric and gas flavors, including the F-150, the most popular vehicle in the U.S.Robbie, let me just say thank you for having a normal personal brain.“We wanted to see what the cost difference is for someone who's going to a dealer and is looking at a comparable gas and EV car, not over the lifetime, not just the operating costs,” Robbie Orvis, its senior director of Energy Policy Design, told Protocol, “because what people actually care about is, 'OK, what's my bill going to be at the end of the month, once I leave the dealer, and I have a car?’”.(Sorry to the five people I have offended, but you know it’s true.) A new report from Energy Innovation, a climate research firm, treats car ownership like the vast majority of us: as a monthly expenditure. But most of those analyses look at cost spread out over years, a thing that no normal person does. Many reports have shown EVs are cheaper over time. We really need to shift how we talk about EV costs. Spoiler: Electric beats internal combustion, hands down. A new report takes that reality into account to make the true cost of EV ownership - for most people, at least - a little clearer. It makes sense except for one critical fact: Most people never pay cash for new vehicles. People are definitely interested in buying EVs, but upfront cost is one of the top reasons they don’t follow through. A lovely group of enigmatic people who share a collective love for Pop Culture, our team finds pleasure in devising both innovative and creative ideas to help us realize our dream of giving the Indian market merchandise from their favourite franchises, while making sure the signature of Cover It Up is not lost on them.Stop me if you’ve heard this before, but electric vehicles are expensive. More than hard work and perseverance, this can be attributed to something much more basic- love and adoring the figures we grew up with and wanting to make them a part of our everyday lives.
We have worked really hard to build a platform to make sure the ever-present Pop Culture shares the same limelight in India just as much as anywhere else. Realizing the difficulty in getting our hands on premium merch in India, Cover It Up was established to change this for the better. With a penchant for creativity, and a simple idea with big dreams, Cover It Up was started in 2013. Tied up with all the major franchises, we look to bring the best of all worlds, with a dash of our own style. With unique strategies and a notion to think outside the box, Cover It Up is a leading shopping portal in India.
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