astricklin said:
With the Bolt, you are not getting a $37k vehicle. You are getting a $20k vehicle with $17k worth of batteries and electric motor....
To some the change to electric is worth the additional
upfront cost. If you look at TCO over the life of the car, the gap is narrowing rapidly. The more miles/year you drive, the more you benefit from EV's. Transit companies lust after the electric buses hitting the market. The cost savings to operate and maintain an electric fleet is impressive. The problem is the staggering cost of entry. TCO is lower but getting the funding to enter the game is a huge barrier. Over ten years, the electric will be far cheaper for them, but they can't afford the initial ticket in order to save the money. Some of this applies to personal EV's as well. Long term maintenance is significantly lower. My time is worth something, and the time not spent at the gas station to refuel, at the dealership for service, or under the car on a rainy November day to change to oil has value.
You're also ignoring other factors. Fun and performance. By that same logic paying for more than the base (low power) ICE in any vehicle is also a waste. Why get a $35K Mustang 5.0? You're wasting $10K compared to the base version. Electric motors have differnt power characteristics, and most that drive them find at least some value in that.
Environmental - There are some regions where some hybrids have a lower carbon footprint, but that is the exception rather than the rule - and electricity is getting cleaner all the time. Vs that $20K hatchback you're comparing to, the Bolt slaughters it in efficiency. That has value.
As to the subsidies, I'd much rather see $200 million in first year Bolt incentives than the billions of dollars and countless lives ended or ruined we spend to protect the interests of oil companies in the various parts of the world. Reducing reliance on petroleum does make a difference. And has value.
If an EV does not add enough value for the additional cost, people won't buy it. Different buyers will place different values on all of the above, and for some the additional cost is too high - other consider it a bargain. Put me in the latter camp.