I keep hearing about the high insurance rates for EV’s and that some insurers won’t write a policy for EV’s. Is this true and what is the comparison for insurance costs for ICE and an EV.
I think it depends.
My first EV was a Ford Ranger converted to Lead Acid batteries in a small commercial shop. I think State Farm refused to insure it due to the conversion, but Progressive did.
My second EV is the Azure (Ford) Transit Connect. Progressive deemed it as a commercial vehicle, and wouldn't insure it, even though it is like a mini pickup, much easier to drive than my larger RAM 1500. Safeco wrote a policy. A small bump in the insurance cost. The insurance company deemed that I'd be driving the wheels off of it. Still, the rate is within reason.
I have liability only on all my vehicles.
How about pulling 10,000 lbs?
Most of the EV pickups available in the USA are rated to pull around 10K give or take a little bit. Rivian, Hummer EV, Ford Lightning EV, Tesla Cybertruck, and Chevy Silverado EV. The Rivian is by far the smallest of the group. However, the heavy low mass of the battery pack is supposed to give them exceptional stability. The Hummer may be the largest EV pickup on the market, and for some reason only is rated at 8,500. Probably taking more power to move it.
Most people travel less than 50 miles per day and charge at home...Right?
Most commuting is somewhere around 50 miles a day, at least in the cities. And the miles rack up. Commuting 100+ daily miles in traffic jams is pretty miserable.
My Transit Connect with an 80 mile maximum range does pretty well for trips around town, and from my place to Mom's place on opposite sides of the city (both out of town).
The problem is the occasional "road trip" where one decides to hop in the car or pickup and drive 500 miles. The decade old Transit Connect has the nearly obsolete J1772 charging which limits it to mostly around town.
Virtually all new vehicles have some kind of super charging capabilities which can get one in and out in about a half hour. Still, that isn't needed a lot.
Most people tow at least 10,000 lbs within 50 miles? Why are you being so obtuse?
The dual- and tri-motor Cybertrucks have a maximum towing capacity of 11,000 pounds
Yes, but for 80 miles before needing a charge.
It depends. A lot of towing will be somewhat close to one's home. I've been hitting a few auctions, but I prefer to stay within 100 miles or so each way. Trips to Home depot? Hauling your tractor to the shop, or to the neighbor's property?
That only breaks down when hauling your 50 foot travel trailer across the country. But, even with that, if you're planning to camp for a few days, hopefully you can get a good 220V connection and recharge in the campground.
Everything I've seen indicates that the towing range cuts the rated range down by about 50%. That certainly would depend on what one's towing. My observations with my RAM 1500 is similar. Empty I can get slightly above 20 MPG. Or, on a good day around 25 MPG. Towing, it depends on the load, but I am often in the 15/16 MPG range, and on occasion drop down to around 13 MPG. I.E. More filling stops.
The key word is If my diesel engine implodes. I will probably get 400,000 miles or more out of my diesel engine and it’s a guarantee that you will replace your costly batteries at least once if not more and I will still be driving my Cummins. There is no way your EV batteries will last as long as my diesel, no way. So yes, you will be forking over $1000’s for new batteries and I will still be racking up miles on my diesel ICE.
Perhaps.
Or you could throw a rod through the block, and start hunting for a $5K to $10K replacement engine.
400,000 miles? How many MPGs are you talking? 10? 15? Again that depends on how you're using it. But, at 10 MPG, you get 40,000 gallons of fuel which won't exactly be free. At $4 per gallon, that comes up to $160,000 in fuel costs.
Plus, an oil change every 5,000 to 10,000 miles. So, at 5K, you get 80 oil changes. How much per oil change? $50? So, an additional $4,000 or so for oil changes.
Did you blow up a transmission too?
Your EV pickup won't exactly be free to operate. Currently home charging is much less expensive than gasoline or diesel. Supercharging on road trips is about equivalent in cost to gas or diesel.
We'll see how the technology shakes out over the next few years, but a lot of this seems to be fear mongering.
While I do have the EV Transit Connect, a larger EV pickup doesn't fit my needs at the moment, but I'll probably have one within 5 years.