SHOULD YOU BUY AN EV?

EV Channels Review

This episode delves into the practicalities and cost-effectiveness of owning an EV, particularly in the face of soaring gas prices. The host, Corey, uses his experience with the Hyundai Ioniq 5 to illustrate the potential savings, calculating a cost of just 3 cents per mile compared to his gasoline cars which range from 8 to 25 cents per mile. Despite a significant increase in his home electricity usage (71% higher than similar homes), the overall cost savings are substantial. However, Corey emphasizes that these savings are most impactful for those already in the market for a new vehicle, as a car payment can negate EV cost advantages. He highlights the Ioniq 5's excellent build quality, ride comfort, and quiet cabin, noting its unique styling and family-friendly features like rear vent placement. While acknowledging some quirks, such as non-sticky ventilated seats, Corey concludes that the Ioniq 5 is a compelling vehicle that justifies its accolades, but personal circumstances, especially the presence of a car payment, are crucial factors in the decision to buy an EV.