The True Cost of Owning an Electric Car (Worth It?)

BiggerPockets MoneyMay 16, 202310m 28s2.0K viewsScore 75
Pricing & Profitability
intermediate
electric vehicle cost
EV tax credit
EV vs gas car
EV maintenance
EV charging cost
M

Summary

AI-generated

This video explores the financial and practical aspects of owning an electric vehicle (EV), specifically a Chevrolet Bolt. Hosts Mindy Jensen and Carl discuss the purchase price, significant tax credits, ongoing costs like charging and maintenance, and compare EV ownership to traditional gas cars.

Key insights

  • The sticker price of their Chevy Bolt was $30,185, which was $20,865 after a $9,500 tax credit.

Mistakes to avoid

  • Don't get an EV with poor gas mileage. An EV can get as little as 4 miles per kwh.

Tools & resources

  • 1500 Days / Mile High Fiwebsite

    Hosts 1500days.com and milehighfi.com

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial