The hidden costs of owning an electric vehicle
Insurance prices are Sky High you got to pay $500 to ,000 a year to renew your car registration cuz it’s an electrical vehicle I just did a video on me paying $5500 for the first time to renew a vehicle out of all my years from
Paying 4050 $70 10000 then I got up to 200 and now paying $500 cuz there’s a new $200 electrical vehicle fee now where I live just to have an electrical vehicle I have to pay $200 on top of the fee insurance company insurance policy Sky High through the roof
H us us poor EV owners huh but hey just here to make sure you have an okay life spread you the news spread you the information I hope everybody is blessed well and health healthy and that nothing but the best is going on in all you beautiful people’s life let’s check out
This clip um from 8 news now Las Vegas the hidden cost of owning electrical Vehicles let’s check out this news clip you guys and see what’s going on and um hey do you think EES are a scam do you own a eeve are you in the market for E do you love
Your combustion engine how do you feel about EES comment down below man comment down below you guys electric vehicles All the Rage very popular here in the valley California has a law requiring electric only car sales by 2035 so about 10 years away those EVS are well known for saving
Money on gas but ad now investigator Kyle Payne here with more on some hidden costs Kyle kirston David we spoke with more than a few Tesla owners and by and large they love their cars so much so a lot of them might not realize how much it’s actually costing them
Yeah we love our cars me being a Tesla owner owning multiple EVS multiple Teslas these past 4 years I have nothing but positives and a couple negatives but more positives than negative I love my vehicle you know I actually need to go put it on charge after this video um
Even though I really don’t need to but I’m going just home charge it probably to 75% and hey live and live my life you know but quite frankly I am finding out newer things hidden cost as I’m going on my fourth year of ownership I’m a fan a huge fan Craig MO
Is a huge fan of his Tesla all four of them actually the owner of a collision repair shop in California Mo stopped at the Premium Outlets downtown for lunch and to fill up his electric sedan with enough juice to get him through another 400 miles or so and he can’t say enough
Good things about it there’s no maintenance there’s no oil changes no fan belts no filters no uh smog no exhaust nothing I told y’all I have been I haven’t done maintenance since you know the last four months ago and guess what I did I just threw a little bit of windsh wiper fluid
Just a little bit of windsh wiper fluid because it gave me the indication that it was getting low I haven’t done anything else nothing else but get in my car and ride and some days just sits in the driveway or in the garage I mean you just drive them it’s
Like a glorified golf cart but even though Mo loves his glorified golf carts and says he has no problem insuring his Teslas through State Farm his experience might not be the norm the a now investigators ask Carl cook of cook Insurance Group in Las Vegas to run some
Numbers and as cook predicted when we sat down together in his office the Tesla insurance is far more expensive than other top automakers can you tell me something that the insurance people have said to you that does not bode well for the Tesla owner yeah it’s going to
Be expensive to insure at our request cook quoted insurance rates for a number of popular vehicles on the road today and at $ 77417 for the year the 2023 Tesla Model X is $1,100 more expensive than number two on his list the 2023 Ford Escape but two other popular sedans at the bottom
Of the list are thousands less both pricing out at just over 4,400 bucks some insurers won’t even look at electric vehicles without requiring pre-approval or a 2 weeks waiting period beforehand cook says it’s for good reason and a lot of folks in the market for an electric vehicle like a Tesla
Might not have done the math on these hidden costs the hidden cost with owning any EV would be that of insurance repairs and God forbid there’s any damage and in this town you’re going to have some damage cook says that damage on an electric vehicle can be considerably more substantial because of
All the computers and sensors bells and whistles in on and around the entire car that don’t exist on your father’s oldmobile and while some garages will fix your EV a lot won’t or can’t and Tesla itself only has one official shop here in Las Vegas cook says some of the
Big insurance companies won’t even where we live we have like four yeah I have four nearby over here in Houston Texas comment down below um how many you know service centers or shops are near you guys for any Tesla owners you know but um when it come to these
Insurance we with these EVS man we’ve seen Sky High Sky High prices um things just getting completely written off total off um nobody wants to deal with these batteries once there they’ve been in an accident we’ve seen it’s all here it’s all hitting the fan man you know
And I’m glad that I do this kind of content because this is what I love this is what I’m a part of and I’m actually I’m actually not just you know posting this content you know educating you guys but I’m also learning myself with I’ve learned so much you know and I’ve
Actually been you know hit upside the head cuz I was the one that bought you know my first Tesla at 20 years old you know thinking oh man this is the best car ever you know this is stress free mainten is free and quite frankly it is
But you know there’s pros and cons to everything you guys and I tell anybody do your research and that EVS are not for everyone you know but I’ve had an amazing four years and it’s just been a learning experience and hey in life you live and you learn and you die
So every day we just try to become a better person and try to make better decisions and just try to live a better life man you know even write policies for cars like Tesla basically a luxury car that is very easy to Total because of the cost to fix one it’s not just
Like if a if a frame is bent that okay we can’t replace it the car’s got to be totaled in this particular case there’s a lot of liability on the insurance companies still data from this digital Insurance Agency in shufi says half of all car buyers are considering an
Electric vehicle which is up from 38% in 2023 with 33 new EVS launched last year and 50 new or updated EVS slated to enter the US Marketplace this year but even in shufi who makes a commission on insurance policies bought through its website acknowledges some hurdles in buying an electric vehicle saying
Dealers aren’t prepared to stock their showrooms with them it costs a lot just to replace a battery that the cars themselves cost a pretty pen and even though most of the folks we spoke with around town and of the charging stations love their Teslas and the Uber drivers say they save hundreds
Of dollars a week on gas the insurance agent Carl cook is having none of it I’m not sure I’d let my son drive at Tesla I mean he’s a great driver I love him to death but even a rinky ding accident in a high school parking lot you’re talking
A lot of money to get that replaced and that would not be the case if he was driving um um an older car no no if you’re driving that old truck you’re driving that old truck the danger is probably on the other person that other person like Tesla owner Craig Mo who
Loves everything about his electric vehicles what’s your favorite part of actually driving it the performance is insane really yeah the new one the new Testa plaid that I have is 0 to 60 in 1.9 seconds you ever make that happen yeah recent oh he got the Plaid yeah he
Got so he he oh I think in the beginning of the video it said he owns four Teslas and again if you have hey you got it like that do your thing man have fun live your life there can only be one you you know have fun again we’re not on
Here bashing we’re not here on here bashing EVs and not telling you to stay away from them um again we’re just keeping you guys updated we still love our combustion engine we still love our EVS I’m a EV owner I’m a combustion owner you know um I’m young as well and
Again I’m learning just as yall are learning so we’re in this thing together man on this channel that’s one thing I’ll tell you we’re in this thing together data on the tires on Teslas show they wear out faster than the average vehicle about 20% faster part of
The reason is they go so fast so quickly the torque takes its toll and Teslas are actually heavier than other cars David interesting stuff Kyle well we also did some checking on that $7,500 tax break when you buy an electric vehicle turns out the bid Administration passed some
Legislation actually making it harder to get that credit and since then only a handful of drivers actually qualify H that’s for a whole another video huh it’s ridiculous man but hey I love you guys um keep being amazing people get what you want and we hope you get an
Amazing deal for it um and that 2024 treats All You Beautiful People well and I we wishing more blessings more happiness more success more growth and more health and more amazing deal for everybody man cuz right now we are living in a messed up world economy is
Collapsing the the market crash is here and everything is just so hey I love y’all and I’ll catch y’all in the next one peace and love you guys
The hidden costs of owning electric cars
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