HOW MUCH DOES IT COST TO RUN AN EV? TYRES, INSURANCE, SERVICING, RESALE? | THE CAREXPERT PODCAST

EV Channels Review

The CarExpert Podcast dives deep into the often-confusing world of EV running costs, comparing the GWM Ora, Tesla Model Y RWD, Kia EV9 Air, and Toyota RAV4 Hybrid GX. The hosts meticulously break down expenses including insurance, charging, tires, servicing, and resale value. Key takeaways highlight the significant cost savings on charging and servicing for EVs compared to the hybrid RAV4, which surprisingly holds its value exceptionally well, even appreciating in the used market due to supply shortages. Conversely, the Tesla Model Y, despite its efficiency, suffers from steep depreciation, particularly for those on novated leases, due to aggressive price cuts by the manufacturer. Tire costs are also noted as potentially higher for EVs due to their weight and torque. The podcast emphasizes the importance of shopping around for insurance and understanding energy provider plans for optimal charging costs. While EVs offer long-term savings, potential buyers are cautioned about the volatile resale market, especially for brands like Tesla that frequently adjust pricing.