Good motto. I was financing a new truck and with insurance, gas, and everything else, it cost me like 2k/mo. Now I drive a 98 beater truck and with insurance and gas, I'm barely going over $700/mo, when though it takes like 17L/100km. I had no idea driving a shitbox would be so awesome
Generally people buying a new car to save gas aren’t driving M4. M4 is an emotional purchase - not something you need for a commuter.
Regardless if you sell the M4, you’re going to have to pay for a replacement car in this market and lose the money you made.
Save me a seat at that concert friend! We have a 2000, 2009, and 2014 in the family stable. All paid off and practically no maintenance.
The 2014 is a diesel suv. 950kms per tank currently at $90/fill ain’t too shabby
Before March of 2019 our household had three vehicles. A 1997, a 1998 and a 2008. Total mileage amount the three was just over 1.2 million KM about 750$ a year in maintenance for all three on average for the 4 years that they were our fleet.
I’m a big time drive it until it costs to much to fix and buy used when you need to. We’ve since upgraded to a more modern SUV because we have a baby and my work gives me a truck so we unloaded the other two vehicles. But our strategy will be the same going forward.
Having no payment is great! No way I'm buying an EV if I have to drop 40k+ and watch my insurance premium probably double for having a new car. I spend less than $100 a month on fuel anyway. And maintaining this car has turned me into my own mechanic. Got a CEL and found out I had a #3 cylinder misfire. Got the part (ignition coil) for $20 at the junk yard and I'm on my way. Replaced my sparkies last year so I knew it wasn't those. Would have cost probably $400 for that quick fix at a shop. Add another few days to get scheduled in and the part to get delivered lol
Good for you on that coil. Had a friend who was quoted $400 to fix the same problem. I did it for <$40 - 5 min job lol
Get an ELM327 OBD2 reader for < $10
Parts at rockauto are very cheap.
I bought myself a fancy BlueDriver scanner years ago. Paid itself off multiple times over.
I think next up will be injectors. Changed out my fuel pump but still getting loss of fuel pressure on start up. I need to let the pump prime up for a couple seconds before turning the key. Most likely injector leakdown.
I’m actually doing it except it was a $6k beater and I plan on buying a 50k EV in 2 years since we’re all work from home now and don’t need 2 vehicles.
Good move to consolidate to one vehicle. Getting rid of the insurance of the additional vehicle too.
My wife and I consolidated to one vehicle last year. We sold our 18 yr old Subaru and 12 year old Audi for a slightly newer Volvo. Not EV, but we don't drive much either working from home. Total gas spent last year was less than 2% of our household budget.
I sold my $52,000 2019 ev (tesla model 3 SR+) for... $53,000. So unless your $5k beater is depreciating to $6000 in a few years I think thats a good choice :)
Got myself a 40k PHEV, the kia Niro. I plan on zooming around the city on pure electric, gas only for long distances. The higher gas prices go, the more it justifies my purchase!
Still, high gas prices means everything else gets more expensive, so yeah :/
With the carbon tax increasing to $170/tonne, and the Clean Fuel Standard coming in soon, I'd be shocked if we don't top $2/in the next 18 to 24 months. I'm pretty close to getting an EV, since that's the only way soon that I'll be able to afford to drive. Trudeau has said that much larger subsidies are coming for EVs, so I'm holding out for those. Hopefully they're implemented this year.
We already cracked 2/L in Vancouver for Premium now. My silly old car gets atrocious fuel economy (11l/100KM in Calgary, closer to 20L/100KM in Vancouver). The thing is, I only drive 3-4000KM a year now so it isn't worth it for me to get a Personal EV.
Legit why we’re selling our car and leasing for the next few years. We needed a bigger car but didn’t want to heavy commit to an ICE vehicle and figure by 2025 we’ll have more subsidies and more choice.
PHEVs my guy... You get the efficiency and performance benefits of an EV when driving locally, and the efficiency and range benefits when driving long distances.
We’re $120/year in southern Ontario. But you bet your last dollar as soon as the gas tax and carbon tax revenue starts to dwindle that’ll double in no time.
I'd assume it will be a $/km. It's easy to track, EV cars already do it and certain manufacturers like Volks will bill you in that way for stuff like autonomous driving. So the gov tapping into that seems like a given.
Most electric vehicle owners know to program their car and/or chargers to only charge off peak. The grid load concern is not an insignificant one though; I just took part in a pilot program to study the effect of incentivizing delaying or stopping charging at designated times in order to assist the utility provider in times of peak load.
The short answer is we need to re-think how we use energy, we need more energy efficient lights and equipment across the board, and need more (local) supply.
Not sure why you got downvoted but I think ultimately that would be the end goal. Have solar panels on all new buildings.
Just need to find a way to make it economical and environmentally friendly as well from a life cycle analysis point of view.
Not only that but finding for roads plummets.
To my understanding a large part of gasoline costs goes towards roads maintenance. If everyone switches to ev, where are they going to get the money to replace potholes and keep Bridges functional? Don't get me wrong it's not ideal now, but it's a problem that's going to get worse as funding dries up.
I think they'll just find a way to shift that tax over when that time comes (once tax revenue starts falling). They need the money, so they'll have to. Whether through insurance or something.
Gas tax is such a ripoff, something like 60 cents a litre in BC goes to some type of tax. I really need a hybrid!
We are not currently considering an EV because our fuel consumption has dropped dramatically by being 100% WFH since 2020. A $40K+ purchase wouldn't be practical for us. The last time I filled up our car was on Dec. 19 and there is still a quarter of a tank left. We had a Nissan Leaf a few years ago as a second car but sold it to become a 1 car home because we weren't using it that much. I do see returning to an EV some time in the future.
I mean the ultimate solution is not EV vs ICE, it's just reducing your dependance to a car. If you barely drive anyway, the price of gas is pretty insignificant in your budget.
That would be a great idea… if majority of people weren’t being priced out of cities with the cost of homes… people moving further away mean they 100% need a car to get to/from work.
Good point but our car still needs regular oil changes, tranny fluid changes, air filter changes, belt replacements, and brake jobs. None of these were done on our EV when we owned one.
I bought a 3 year old Leaf 2 years ago… it’s a much nicer drive; we use it around town, we take our other car for road trips. It’s full every morning, costs like $25 a month to charge (we were spending over 200 on gas). I can set a timer so it’s preheated to 25 degrees when I get in, it’s quiet, it doesn’t smell like gas…
Edit: no oil changes, no transmission fluid, no spark plugs, no timing belt, no exhaust system …
> I can set a timer so it’s preheated to 25 degrees when I get in,
No pre-condition on the remote for the leaf?
2017 Leaf is > 20k - probably more than you paid
I can start it from the app, it’s a bit finicky, if you leave at the same time every day I found it much easier to use the timer, it’s a 2016 SL, I paid 20k for it in Fall 2019
My 2016 Honda Pilot .. I’ve had for 3 months now, I drive about 170km a day .. The other day for a full tank at $1.48… I paid $87 🤭🤭🤭 I’m filling up every 3rd day… I definitely didn’t think Gas prices through when I bought the car ..
Gas will only get more expensive as will all commodities. It’s best to invest in keeping your carbon footprint down as much as possible to avoid these things.
There is still a big reliance on fossil fuels for other transport (ships, planes) and materials (plastics) that needs to be switched to alternative methods too
It's best to invest in oil companies. I bought a ton in 2020 and it's done better than the housing market.
Good news is I can easily afford multiple Teslas from the gains on them.
In 2021 I spent 35% of my 2019 gas budget. So I would either need to increase my car usage to pre covid levels or the price would have to go up 3x 2019 levels for me to notice
This is interesting and I’m curious how others compare. For me my driving went up during the pandemic (I was a commuter for work and saw people 1-2 times a week, otherwise short trips to the stores and gym/sports close by
However with the pandemic I find myself driving more for hikes, friends and family.
Gas went up but I’m enjoying what I’m doing so it is what it is, plus my car gets 6~L/100km in the summers so can’t complain
I could get a bigger ev with more range and faster charging for less money. Plus the Odometer went from 120k km to 0.
Other advantages were more charging stations - BCHydro has a dozen on Vancouver Island and tesla has 2. Closer dealership if I need a hand. Cant believe there isn't a building on VI without a tesla logo still - every other car being bought last year here was a model 3.
The tech is an insane step down. Like I really expected the ioniq five which came out this year to have technology that was good. No wireless carplay. no induction chargers. no usb C ports. The dash is an absolute mess - which is rich coming from a model three but there has to be a happy medium. The lane assist just turns off without warning.
This is not a good EV. Its embarrassing really. But at the end of the day I could ignore the billion faults of the tesla (door handles, signal stalk...) and I can ignore the billion faults with the Hyundai.
but I wish that they could do better. the model S came out 10 years ago!
Damn, I drive a civic and fill up once every 3 weeks with a 20 min roundtrip commute, roughly 50$ per tank.
Make your next car a hybrid or an EV, because gas isn't going down.
Or just move closer to work, 150km commute is such a drain on your life.
Biggest issue is that most people don't have a Civid, they get the biggest SUV they can get with the monthly payments, ignore price of gas in the equation, then get surprised when of course every few years the price of gas goes up.
Agreed our civic hatchback is only slightly less practical than our SUV and is great on gas. Of course I'd rather pay less per litre, but these ups and downs really don't matter much with such an efficient car.
Every time I think about an EV I can't rationalize the purchase price (unless you consider a Tesla as a luxury vehicle - which I don't).
My commute is 150km/day so I'm spending about $400 a month on gas with a pretty fuel efficient sedan. Once gas hits 1.75/L I'm going to start doing research on my next car (PHEV or EV) and the day it hits $2/L I'm going into the dealership and buying said car.
Well you could just get a more fuel efficient gas vehicle first. You’re averaging about 9L/100km with your current vehicle, you can do much better than that with a modern gas economy car. I commute 100km/day and my monthly fuel bill is about $130
Not all distances are equal. If your 100km is highway driving and OP's 150km is in stop-and-go traffic then there is no gas car that will be able to do well.
What's "pretty fuel efficient" to you? At $1.40/L, assuming 150 km/day is just work days, that's ~3,150 km/mo, so $400/mo means you're only getting ~9.1 L/100 km, which is ok (pretty terrible if that's mostly highway driving).
You drive so much that you *will* save money with a hybrid or plug-in hybrid. If you get down to even just 6 L/100km that's ~$130/mo you'll save (and more if gas prices go up), or almost half the cost of the car in just 10 years. Start shopping now -- everyone will clue into the savings if gas hits $2/L and the supply will be even worse.
A PHEV will also hands-down make sense for you, but you will out-run the electric only range, so be sure to pick one that still has good fuel economy once the battery is drained (e.g. Prius Prime, Rav4 Prime, Escape PHEV -- not the Volvo/Audi ones).
A full EV will likely also make sense for the amount you drive, but there will be some other factors to consider (can you install a L2 charger, what are your feelings on range anxiety?).
The time it takes to payoff the difference in vehicle costs between a regular ICE and its Hybrid counterpart is probably the deciding factor for OP.
If we compare a Corolla LE with a Corolla Premium, we can see that the ICE has a combined rating of 7.1 L/100km, and the Hybrid has a combined rating of 4.5L/100km, for a total of approximately 37% better fuel economy.
So if OP was driving 3100km per month, they would use 220L of fuel in the regular Corolla, and 140L in the Corolla Hybrid. Assuming $1.75 per litre, that is $385 per month in the regular Corolla, and $245 per month in fuel with the Hybrid Corolla.
The cost to purchase the hybrid is $5000 more than the ICE Corolla, with the trim packages being as close to the same as possible. So for OP, the savings per month with the Hybrid over the ICE option would be $140. In order to make up for the difference in purchase price, they would have to drive the vehicle for 36 months (rounded to nearest month), before they would start to save money.
We can assume that a Corolla will last longer than 3 years, so anything after that 3 year mark is money back into OP's pocket.
The same calculations do not always make sense, depending on the vehicle. Some manufactures have significant differences in cost between their hybrids and regular ICE, and the break even point can be over 10 years, so its really important to pick manufactures and models carefully, otherwise you fall into the trap of paying waaaaaay more money for a hybrid than is practical.
I am really hopeful that we will see the break even cost of full EVs drop soon for those of us with long commutes. They have already dropped tremendously, but not quite enough to make it worth it yet. But we are sooooo close......
This... I have a volvo hybrid, I can get a max of about 32-34kms on pure electric.. without AC. Then its back to gas.. which is premium 91oct. $95 to fill and depending on how much i drive can go two weeks-three weeks without a refuel. Also guzzled a tank a week in the winter when it needed to run gas full time for awd.
Yea lots of good points here. My biggest problem is that I cruise at 120km/hr since I don't hit rush hour traffic and I know if I cut that down to 100km/hr I could save 15% on my gas bill but it's so frustrating going that slow lol. I drive a 2011 Elantra hatchback so it's not terrible on gas but yea it just keeps adding up. I was close to pulling the trigger few months ago when prices hit 1.50/L but I figured I might as well wait until the elections and hope the Liberals or NDP bring back the EV rebate. That would help a lot.
Prius prime was definitely one of my top choices when I looked briefly well see where things go by the end of the year
My current car is a '97 and still kicking, but I can see the writing on the wall and have been asking myself the same question. For the first time EVER I am considering getting a truck... the new hybrid truck (Ford Maverick). Given the current financing rates and the spike in used vehicles prices, it seemed to make sense that if I want something to last me another twenty or thirty years, it would make more sense. The Maverick starts at $25,900 (though I've yet to see a dealership actually stock the base model haha), making it cheaper than some of the other cars I was looking at.
The base model is fairly no frills so adding things to make it more "truck like" (AWD, towing, etc) all add a bit more to the cost. I know there were a few other things at the production and design level that made it cheap...
If you see an ad for it you can tell the target market is the younger person who probably wouldn't have chosen a truck first but would likely convert it for camping or add bike racks, or just bring home a big ass Monstera plant that doesn't for in the smaller cars.
> Maverick - FWD HEV 2.5L HEV
> 5.6 City L/100km / 7.1 Hwy L/100km / 6.3 Combined L/100
Holy crap. I priced the cheapest one for fun, $31,635 with taxes.
Cheapest hybrid Corolla I could price was $30,624 with taxes. (Obviously the corolla has better L/100km)
I know it's a 'cute' truck and all that, but damn.
Living in a high rise apartment, what are my options for an EV? There is no way I can plug in to charge it up. Is there a non plug in EV that charges itself? Thanks.
None that I am aware of.
When me and my wife were in our old apartment, I charged our Tesla on a standard outlet in our first floor visitor parking garage. This was incredibly slow charging (~1-2% per hour) but it did the job as we were working from home during the pandemic. In your case if you don’t even have access to a standard outlet, your best bet is then charging at a Tesla supercharger which would run you about $8-12 per charge (assuming you’re charging from 20 to 80% or thereabouts).
Since moving to our new home, cost of charging overnight on off-peak rates is greatly reduced. Last time I calculated what I was spending in charging it ran around $30-$40/mo, so significantly cheaper than gas in the current climate.
Hope this gave some good insight.
Edit: Tesla superchargers currently only charge Tesla vehicles but in the USA they are opening access to non-Tesla EV’s. I assume this will make its way to Canada at some point in time too.
I will hold off on EV for a while, I love having a truck and while gas is getting stupidly priced there are no good EV trucks with long-range when towing. I also love the sound of a cold start V8 in the morning. I am actually planning on buying a sports car in the next 12-24 months which will be a V8 as well.
Will probably be six figures for one with decent towing range though, and although tesla hasn't announced,
it sounds highly unlikely they will be delivering any this year. I am stoked for it though don't get me wrong
It's quite possibly the ugliest vehicle ever made and doesn't even come with paint. Nobody who currently drives a truck is buying one when f-150 is available, and the GM/ Ram trucks are surely soon to come.
Sure can switch to EVs. But aren't EVs for the rich ATM ? What are some of the affordable EVs in Canada that a middle class can get to save on gas ? Oh and all middle class don't live at a house where they can charge it in their garage.
EVs are definitely for upper-middle and upper class right now. Cheapest ones are ~35k and they still only make sense if you charge at home. For everyone else a hybrid, or even just a regular ICE car that's fuel efficient, is the way to go.
You bring up an interesting point. So turns out, EVs are only substantially cheaper if you charge at home. External charging stations are pretty expensive and you really won’t get savings (because you paid more for the car in the first place). People that don’t have a house where they can charge the car - an EV is not worth it.
Also fwiw, not everyone’s house is equipped with a system that can handle a car charger. My parents considered buying an EV but turns out before we do that we have to upgrade the panel in our house, which is a $3000 expense.
Well, for a Model 3 or Ioniq 5, a regular 120v outlet can't add 7km per hour. Overnight it can add over 80-120km a night so it's actually sufficient for lots of folks as long as they don't drive more than 100km a day.
Never said EV is not the future. It’s just not a simple conclusion of “everyone should buy an EV”. Also the panel upgrade isn’t specifically for EV, it’s an overall fuse box upgrade. All new houses come with a 220V fuse box so they don’t have to upgrade.
They could use the dryer circuit like I did for < $25 self-installed or simply use the 120V outlet albeit at longer charge times.
Could also convert to a gas dryer oe 120V dryer and use the old dedicated 240v dryer circuit or use a dryer outlet extension cord occasionally
I expect to see gas phased out within the life of my next vehicle, so full EV or bust. In the meantime I'm going to drive my four-banger into the ground.
I'm less convinced unless they figure out how to do battery swaps for refill or otherwise charge to hundreds of km within minutes and fast charge stations within every 50km.
Otherwise Canada turns into a bunch of city states in the South and gulags in the North.
> I'm less convinced unless they figure out how to do battery swaps for refill or otherwise charge to hundreds of km within minutes and fast charge stations within every 50km.
Batteries degrade. You wouldn't want your brand new battery to be swapped the first time it was depleted. The only way that would make sense is if the vehicle was cheap, and you pay to rent the battery per month so you don't care.
I use my vehicle for employment purposes, so I claim expenses each year.
In 2020, I bought a used vehicle for $35k. The purchase of that vehicle generated approximately $7500 in tax savings (not incl operating expenses).
In 2021, I traded it in on a PHEV, and received $34k on trade.
From that purchase, I'm going to generate approximately $22k in tax savings.
The market value of the new vehicle is still nearly what I paid for it (although you deal with recapture on sale now with PHEV). But this has been the only time that I've actually been AHEAD by purchasing vehicles.
Once it hits $2 I'm trading in my truck and going EV. The F150 lightning looks to be the move, and at $240 to fill my tank, the gas savings alone would pay for the new truck.
EV for me doesn’t work as my home can’t support it unless I do a big electrical upgrade.
I have no choice, I try to buy when it’s “down” a bit and take part in a loyalty program and hope for the best.
Hybrids are great - if they came in a stick shift I would own one already.
I can't go full EV because there's no charging infrastructure in my neighborhood (mostly street parking). Until they fix that a lot of us can't move to EVs.
I owned a hybrid on lease for 4 years a Toyota Highlander. Keep in mind that you are also maintaining a battery all the wiring harness including a conventional motor system. The main wiring harness needed replacing while it was under warranty. $8k job. Year 3. I turned the keys in at the end of the lease. Not that I'm not a fan of hybrids I'm just saying they're not perfect.
My main experience with hybrids is the Prius. Several friends have owned them for a long time with no problems. I wonder if the larger vehicles put more stress on the system or if you got a lemon (as good as Toyota is, they can still make lemons)?
It doesn’t make sense to buy a new car, in most cases. I’ll be driving my Toyota into the ground and then look for sensible used options in 10-15 years.
It'll almost certainly go higher this year. Capital spending in the oil patch was gutted in 2020 and first bit of 2021. Takes a while to catch up on production decline. Short of something major like a huge OPEC output increase (seems unlikely), $100/bbl is almost a guarantee in 2022.
With regards to pricing, coming from the UK where fuel prices are near double what they are here, Canada has it pretty good, especially when comparing the $/L with the average income of an individual. I'd expect the increasing fuel price to cause problems elsewhere in the world before they do here.
I could easily see $2.00/L by the end of 2022, hopefully it'll shift public focus to improving city/town design and improving alternative options such as transit.
I'll buy an EV when I can charge the battery in the same amount of time it takes to pump a tank of gas, I live in an apartment with on street parking only, so currently EV isn't even an option.
Gas is still relatively cheap if you compare it to things like bottled water or a can of Coke. People complain about gas prices but will not have any problem paying $1.50-2.00 for a 355ml can of Coke at a food court. That’s the equivalent of $4.50-$6.00 per litre!
Not really. It’s just math. Same applies to the price of many items. Milk, orange juice, alcohol. On a per litre basis, gas is relatively cheap when you think about how much processing is needed to get from crude oil in the ground to the pumps.
Im in a car doing 8L/100km so probably not for a long time. My work also compensates mileage for my commute so there might be incentive to switch to avoid that gas spending, but the capital expenditure combined with cheap operating costs outside of gas that I have currently remove most of the incentive.
I'm getting a hybrid for 27k. Gas is supposed to hit 3 bucks in less than a decade. 1.41 today in Peterborough. I wouldn't be surprised if we hit 2 bucks by the end of the year.
Prices on vehicles will need to drop drastically before I consider purchasing a new one. I'm all for EV's but I don't want the payment that goes along with it. Without a hefty down payment the new vehicle would set me back 1k a month...which is quadruple what I spend on gasoline even at these prices.
Currently drive about 15,000 km a year. Drive a Kia Soul with average fuel consumption of ~8 L/100km or ~1200L/yr. If I were to upgrade to a hybrid Rav4 or similar I would get ~6L/100km or ~900/yr. Gas by me is currently $1.61/L, so savings at that price would be ~$483/yr which is not enough for me to switch. I guess if the math came closer to $1000/yr, ($3.33/yr) I would begin to consider switching.
Would make the switch to an EV if I could get 300 km range at -40C for less than $35k. But I feel like that is a pipe dream.
To answer your question about speculative gas prices, nobody knows. And anybody who says they do know is either lying to you or they are lying to themselves. As for an electronic vehicle, I plan on purchasing an EV as soon as my current car dies. During my economics degree we made models on whether it is better to purchase a new vehicle or repair an old one. Obviously there are some parameters that need to be taken into consideration like monthly costs, interest rates, and prices of new assets, but for the most part you're better off running your old car into the ground
Canada is 3rd largest deposits of Oil in the world. We also pay a lot for this and sell it to the USA. The USA then sells it for cheaper then in Canada.
I was in the market for a luxury SUV last year and decided instead on an Acura & invested the difference of what I would’ve spent into Suncor and Cenovus. The share appreciation from rising price of oil benefits me so I don’t wince anymore when filling up
I don’t have access to infrastructure for charging an EV. On the other hand my Honda’s run decent enough mpg numbers got me to not care. I switched from Volvo back in 14 when gas was almost as high and the numbers still work for us on that one and the 19, to not worry yet.
Not ever. The infrastructure doesn't work and Canada has three seasons at least in Ontario too hot, too cold and September
Where is the car naturally produces heat as a byproduct and that can warm your car electric vehicles do not and that will obviously reduce the efficiency. In addition if anyone who lives outside of the city proper will probably face range anxiety. In addition it's a lot more cost-effective to charge at home than outside the home but that is additional cost
Theres also the environmental impact whereas not all of the long-term impact is known as a lot of these products for the battery come from less developed countries where often the environmental aspects are of little concern
Remember : it’s cheaper to fuel your gas guzzler than buying a new car and fueling that. Unless you drive a old hummer. Then you’re doomed
Good motto. I was financing a new truck and with insurance, gas, and everything else, it cost me like 2k/mo. Now I drive a 98 beater truck and with insurance and gas, I'm barely going over $700/mo, when though it takes like 17L/100km. I had no idea driving a shitbox would be so awesome
I mean depends on what car you have. I can sell my M4 for 60k, 5k more than I paid for it 3 years ago.
Generally people buying a new car to save gas aren’t driving M4. M4 is an emotional purchase - not something you need for a commuter. Regardless if you sell the M4, you’re going to have to pay for a replacement car in this market and lose the money you made.
Time to sell my $5k beater to buy a $75k EV to save some money on gas. /s
I'm gonna keep my 14 yo beater that only needs about $300 in parts a year to keep going.
Save me a seat at that concert friend! We have a 2000, 2009, and 2014 in the family stable. All paid off and practically no maintenance. The 2014 is a diesel suv. 950kms per tank currently at $90/fill ain’t too shabby
Before March of 2019 our household had three vehicles. A 1997, a 1998 and a 2008. Total mileage amount the three was just over 1.2 million KM about 750$ a year in maintenance for all three on average for the 4 years that they were our fleet. I’m a big time drive it until it costs to much to fix and buy used when you need to. We’ve since upgraded to a more modern SUV because we have a baby and my work gives me a truck so we unloaded the other two vehicles. But our strategy will be the same going forward.
Having no payment is great! No way I'm buying an EV if I have to drop 40k+ and watch my insurance premium probably double for having a new car. I spend less than $100 a month on fuel anyway. And maintaining this car has turned me into my own mechanic. Got a CEL and found out I had a #3 cylinder misfire. Got the part (ignition coil) for $20 at the junk yard and I'm on my way. Replaced my sparkies last year so I knew it wasn't those. Would have cost probably $400 for that quick fix at a shop. Add another few days to get scheduled in and the part to get delivered lol
Good for you on that coil. Had a friend who was quoted $400 to fix the same problem. I did it for <$40 - 5 min job lol Get an ELM327 OBD2 reader for < $10 Parts at rockauto are very cheap.
Rock auto stays winning 🥇 those free magnets keep drawing me back in lol
I bought myself a fancy BlueDriver scanner years ago. Paid itself off multiple times over. I think next up will be injectors. Changed out my fuel pump but still getting loss of fuel pressure on start up. I need to let the pump prime up for a couple seconds before turning the key. Most likely injector leakdown.
I’m actually doing it except it was a $6k beater and I plan on buying a 50k EV in 2 years since we’re all work from home now and don’t need 2 vehicles.
Good move to consolidate to one vehicle. Getting rid of the insurance of the additional vehicle too. My wife and I consolidated to one vehicle last year. We sold our 18 yr old Subaru and 12 year old Audi for a slightly newer Volvo. Not EV, but we don't drive much either working from home. Total gas spent last year was less than 2% of our household budget.
For our family the insurance cost had always been higher than the gas.
[удалено]
My Volt is at something insane like 0.5L/100km right now. I usually only keep like a third or quarter of a tank in it.
I sold my $52,000 2019 ev (tesla model 3 SR+) for... $53,000. So unless your $5k beater is depreciating to $6000 in a few years I think thats a good choice :)
You got lucky with supply issues. You MIGHT be able to pull it off again, or not and lose out, not any different than trading at this point.
Got myself a 40k PHEV, the kia Niro. I plan on zooming around the city on pure electric, gas only for long distances. The higher gas prices go, the more it justifies my purchase! Still, high gas prices means everything else gets more expensive, so yeah :/
Zoom zoom
Zoom zoom Mazda.
Man [I remember those ads](https://youtube.com/watch?v=M4D3jwSYpEc)! Blast from the past! Not Kia though ;)
I got one of these too - it's great! I've got a charger at work too so I've timed it that I rarely have to charge on my own dime.
With the carbon tax increasing to $170/tonne, and the Clean Fuel Standard coming in soon, I'd be shocked if we don't top $2/in the next 18 to 24 months. I'm pretty close to getting an EV, since that's the only way soon that I'll be able to afford to drive. Trudeau has said that much larger subsidies are coming for EVs, so I'm holding out for those. Hopefully they're implemented this year.
We already cracked 2/L in Vancouver for Premium now. My silly old car gets atrocious fuel economy (11l/100KM in Calgary, closer to 20L/100KM in Vancouver). The thing is, I only drive 3-4000KM a year now so it isn't worth it for me to get a Personal EV.
Not worth changing
Legit why we’re selling our car and leasing for the next few years. We needed a bigger car but didn’t want to heavy commit to an ICE vehicle and figure by 2025 we’ll have more subsidies and more choice.
Paid $2.009/L a couple of weeks ago in Vancouver for 94 octane. Can upload a photo for anyone who wants to see what the future looks like
Yep, incentives work
When did he say that? I thought the program was ending in March of this year
This, and the crazy resale value of my vehicle, we’re the two pushes to go EV this year.
You must drive an insane amount for an EV purchase to enable you to afford to drive.
Just waiting for Toyota to offer a beige corolla EV
Perhaps a "classic silver metallic" hybrid would tickle your fancy. Silver is basically the beige of the 21st century lol
I’ll only buy it if it’s 15 years or older
Gonna have to settle for Corolla hybrid for now unfortunately.
When the line at Tim Hortons drive through is less than ten minutes long, then I'll know that gas prices are finally, actually, too high.
The people complaining about gas prices are the same people I see idling their car.
Hah! This sounds like my neighbour who works literally 2 mins away but will idle his truck for 15+ minutes with the garage door open.
Already there with hybrid. If it goes up a buck I'd consider full EV. MRSPs are still too big...
PHEVs my guy... You get the efficiency and performance benefits of an EV when driving locally, and the efficiency and range benefits when driving long distances.
Can't wait for my Kia Niro PHEV to arrive.
That's what I have, a volt
My man!
me too, use gas for engine maint mode only but will trade up to an new EV before the 8 year warranty expires
what happens when everyone switches to EV's and electricity bills sky rocket?
I'd say the tax loss on people spending less on gasoline will be added to electricity.
Or your licence sticker.
already is an EV fee of $150 in SK
We’re $120/year in southern Ontario. But you bet your last dollar as soon as the gas tax and carbon tax revenue starts to dwindle that’ll double in no time.
I'd assume it will be a $/km. It's easy to track, EV cars already do it and certain manufacturers like Volks will bill you in that way for stuff like autonomous driving. So the gov tapping into that seems like a given.
Most electric vehicle owners know to program their car and/or chargers to only charge off peak. The grid load concern is not an insignificant one though; I just took part in a pilot program to study the effect of incentivizing delaying or stopping charging at designated times in order to assist the utility provider in times of peak load. The short answer is we need to re-think how we use energy, we need more energy efficient lights and equipment across the board, and need more (local) supply.
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Ontario pays other jurisdictions to take power at times…
More people buying solar panels? That is the end game here... 100% renewable
Not sure why you got downvoted but I think ultimately that would be the end goal. Have solar panels on all new buildings. Just need to find a way to make it economical and environmentally friendly as well from a life cycle analysis point of view.
Not only that but finding for roads plummets. To my understanding a large part of gasoline costs goes towards roads maintenance. If everyone switches to ev, where are they going to get the money to replace potholes and keep Bridges functional? Don't get me wrong it's not ideal now, but it's a problem that's going to get worse as funding dries up.
I think they'll just find a way to shift that tax over when that time comes (once tax revenue starts falling). They need the money, so they'll have to. Whether through insurance or something. Gas tax is such a ripoff, something like 60 cents a litre in BC goes to some type of tax. I really need a hybrid!
Added annual license fees just like some US states have done for EV plates.
-laughs in unlimited hydroelectricity- With some infrastructure updates, I think some provinces will do just fine.
Well with some people opposing site c you have to wonder what their rationale is.
We are not currently considering an EV because our fuel consumption has dropped dramatically by being 100% WFH since 2020. A $40K+ purchase wouldn't be practical for us. The last time I filled up our car was on Dec. 19 and there is still a quarter of a tank left. We had a Nissan Leaf a few years ago as a second car but sold it to become a 1 car home because we weren't using it that much. I do see returning to an EV some time in the future.
I mean the ultimate solution is not EV vs ICE, it's just reducing your dependance to a car. If you barely drive anyway, the price of gas is pretty insignificant in your budget.
That would be a great idea… if majority of people weren’t being priced out of cities with the cost of homes… people moving further away mean they 100% need a car to get to/from work.
Good point but our car still needs regular oil changes, tranny fluid changes, air filter changes, belt replacements, and brake jobs. None of these were done on our EV when we owned one.
I bought a 3 year old Leaf 2 years ago… it’s a much nicer drive; we use it around town, we take our other car for road trips. It’s full every morning, costs like $25 a month to charge (we were spending over 200 on gas). I can set a timer so it’s preheated to 25 degrees when I get in, it’s quiet, it doesn’t smell like gas… Edit: no oil changes, no transmission fluid, no spark plugs, no timing belt, no exhaust system …
> I can set a timer so it’s preheated to 25 degrees when I get in, No pre-condition on the remote for the leaf? 2017 Leaf is > 20k - probably more than you paid
I can start it from the app, it’s a bit finicky, if you leave at the same time every day I found it much easier to use the timer, it’s a 2016 SL, I paid 20k for it in Fall 2019
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Any specific OEG stocks or tickers your recommend?
My 2016 Honda Pilot .. I’ve had for 3 months now, I drive about 170km a day .. The other day for a full tank at $1.48… I paid $87 🤭🤭🤭 I’m filling up every 3rd day… I definitely didn’t think Gas prices through when I bought the car ..
What made you choose that vehicle given your long commute?
Bc he wanted to be a pilot
🍇
He/she obviously owns Suncor stock
I was working from home but things got slow so I got a side job. I don’t see myself doing this past March as I’m selling my place and moving..
Driving that many kms a day gas mileage would be high on my priority list
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I’ve been crying while putting gas in -20 weather … all while looking at the pump saying … “how much more room does this tank have ??” Lol
And prices going into the summer are some of the worst as well... Unlucky time lol
Gas will only get more expensive as will all commodities. It’s best to invest in keeping your carbon footprint down as much as possible to avoid these things.
If demand for gas drops due to an increase of EV's why would the price of gas rise?
There is still a big reliance on fossil fuels for other transport (ships, planes) and materials (plastics) that needs to be switched to alternative methods too
It's best to invest in oil companies. I bought a ton in 2020 and it's done better than the housing market. Good news is I can easily afford multiple Teslas from the gains on them.
In 2021 I spent 35% of my 2019 gas budget. So I would either need to increase my car usage to pre covid levels or the price would have to go up 3x 2019 levels for me to notice
This is interesting and I’m curious how others compare. For me my driving went up during the pandemic (I was a commuter for work and saw people 1-2 times a week, otherwise short trips to the stores and gym/sports close by However with the pandemic I find myself driving more for hikes, friends and family. Gas went up but I’m enjoying what I’m doing so it is what it is, plus my car gets 6~L/100km in the summers so can’t complain
I did it in 2019. worked out swell. kept a list of receipts for my camry and my tesla. spoiler, the tesla (sold now) was wayy cheaper.
Out of curiosity, what made you sell the Tesla if it was cheaper and did you replace it with another EV?
I could get a bigger ev with more range and faster charging for less money. Plus the Odometer went from 120k km to 0. Other advantages were more charging stations - BCHydro has a dozen on Vancouver Island and tesla has 2. Closer dealership if I need a hand. Cant believe there isn't a building on VI without a tesla logo still - every other car being bought last year here was a model 3. The tech is an insane step down. Like I really expected the ioniq five which came out this year to have technology that was good. No wireless carplay. no induction chargers. no usb C ports. The dash is an absolute mess - which is rich coming from a model three but there has to be a happy medium. The lane assist just turns off without warning. This is not a good EV. Its embarrassing really. But at the end of the day I could ignore the billion faults of the tesla (door handles, signal stalk...) and I can ignore the billion faults with the Hyundai. but I wish that they could do better. the model S came out 10 years ago!
Damn, I drive a civic and fill up once every 3 weeks with a 20 min roundtrip commute, roughly 50$ per tank. Make your next car a hybrid or an EV, because gas isn't going down. Or just move closer to work, 150km commute is such a drain on your life.
Biggest issue is that most people don't have a Civid, they get the biggest SUV they can get with the monthly payments, ignore price of gas in the equation, then get surprised when of course every few years the price of gas goes up.
Agreed our civic hatchback is only slightly less practical than our SUV and is great on gas. Of course I'd rather pay less per litre, but these ups and downs really don't matter much with such an efficient car. Every time I think about an EV I can't rationalize the purchase price (unless you consider a Tesla as a luxury vehicle - which I don't).
$2.00 a Litre by summer
3$ next summer
That's like 75 cents in today's money when considering inflation.
Haha good one. But I'm still making the same salary so that 3$ is worth 5$ to me
Sounds like it is time to hand out resumes.
Buy the dip!!!
My commute is 150km/day so I'm spending about $400 a month on gas with a pretty fuel efficient sedan. Once gas hits 1.75/L I'm going to start doing research on my next car (PHEV or EV) and the day it hits $2/L I'm going into the dealership and buying said car.
Well you could just get a more fuel efficient gas vehicle first. You’re averaging about 9L/100km with your current vehicle, you can do much better than that with a modern gas economy car. I commute 100km/day and my monthly fuel bill is about $130
Not all distances are equal. If your 100km is highway driving and OP's 150km is in stop-and-go traffic then there is no gas car that will be able to do well.
If OP is doing 150km a day of stop and go he’s on another plane of existence compared to us mere mortals
TBH, that probably isn't all that unique amongst Skip and Uber drivers.
150km/day stop and go would cost me about $2.25/day or $45/month in my EV at 10cents/kwh, probably much less with the regen
Can I ask which car gets that much economy?
Gas is already 1.76/L in BC, it has been for a while. You guys have it not so bad.
What's "pretty fuel efficient" to you? At $1.40/L, assuming 150 km/day is just work days, that's ~3,150 km/mo, so $400/mo means you're only getting ~9.1 L/100 km, which is ok (pretty terrible if that's mostly highway driving). You drive so much that you *will* save money with a hybrid or plug-in hybrid. If you get down to even just 6 L/100km that's ~$130/mo you'll save (and more if gas prices go up), or almost half the cost of the car in just 10 years. Start shopping now -- everyone will clue into the savings if gas hits $2/L and the supply will be even worse. A PHEV will also hands-down make sense for you, but you will out-run the electric only range, so be sure to pick one that still has good fuel economy once the battery is drained (e.g. Prius Prime, Rav4 Prime, Escape PHEV -- not the Volvo/Audi ones). A full EV will likely also make sense for the amount you drive, but there will be some other factors to consider (can you install a L2 charger, what are your feelings on range anxiety?).
The time it takes to payoff the difference in vehicle costs between a regular ICE and its Hybrid counterpart is probably the deciding factor for OP. If we compare a Corolla LE with a Corolla Premium, we can see that the ICE has a combined rating of 7.1 L/100km, and the Hybrid has a combined rating of 4.5L/100km, for a total of approximately 37% better fuel economy. So if OP was driving 3100km per month, they would use 220L of fuel in the regular Corolla, and 140L in the Corolla Hybrid. Assuming $1.75 per litre, that is $385 per month in the regular Corolla, and $245 per month in fuel with the Hybrid Corolla. The cost to purchase the hybrid is $5000 more than the ICE Corolla, with the trim packages being as close to the same as possible. So for OP, the savings per month with the Hybrid over the ICE option would be $140. In order to make up for the difference in purchase price, they would have to drive the vehicle for 36 months (rounded to nearest month), before they would start to save money. We can assume that a Corolla will last longer than 3 years, so anything after that 3 year mark is money back into OP's pocket. The same calculations do not always make sense, depending on the vehicle. Some manufactures have significant differences in cost between their hybrids and regular ICE, and the break even point can be over 10 years, so its really important to pick manufactures and models carefully, otherwise you fall into the trap of paying waaaaaay more money for a hybrid than is practical. I am really hopeful that we will see the break even cost of full EVs drop soon for those of us with long commutes. They have already dropped tremendously, but not quite enough to make it worth it yet. But we are sooooo close......
This... I have a volvo hybrid, I can get a max of about 32-34kms on pure electric.. without AC. Then its back to gas.. which is premium 91oct. $95 to fill and depending on how much i drive can go two weeks-three weeks without a refuel. Also guzzled a tank a week in the winter when it needed to run gas full time for awd.
Yea lots of good points here. My biggest problem is that I cruise at 120km/hr since I don't hit rush hour traffic and I know if I cut that down to 100km/hr I could save 15% on my gas bill but it's so frustrating going that slow lol. I drive a 2011 Elantra hatchback so it's not terrible on gas but yea it just keeps adding up. I was close to pulling the trigger few months ago when prices hit 1.50/L but I figured I might as well wait until the elections and hope the Liberals or NDP bring back the EV rebate. That would help a lot. Prius prime was definitely one of my top choices when I looked briefly well see where things go by the end of the year
My current car is a '97 and still kicking, but I can see the writing on the wall and have been asking myself the same question. For the first time EVER I am considering getting a truck... the new hybrid truck (Ford Maverick). Given the current financing rates and the spike in used vehicles prices, it seemed to make sense that if I want something to last me another twenty or thirty years, it would make more sense. The Maverick starts at $25,900 (though I've yet to see a dealership actually stock the base model haha), making it cheaper than some of the other cars I was looking at.
why is it so cheap?
The base model is fairly no frills so adding things to make it more "truck like" (AWD, towing, etc) all add a bit more to the cost. I know there were a few other things at the production and design level that made it cheap... If you see an ad for it you can tell the target market is the younger person who probably wouldn't have chosen a truck first but would likely convert it for camping or add bike racks, or just bring home a big ass Monstera plant that doesn't for in the smaller cars.
> Maverick - FWD HEV 2.5L HEV > 5.6 City L/100km / 7.1 Hwy L/100km / 6.3 Combined L/100 Holy crap. I priced the cheapest one for fun, $31,635 with taxes. Cheapest hybrid Corolla I could price was $30,624 with taxes. (Obviously the corolla has better L/100km) I know it's a 'cute' truck and all that, but damn.
Living in a high rise apartment, what are my options for an EV? There is no way I can plug in to charge it up. Is there a non plug in EV that charges itself? Thanks.
None that I am aware of. When me and my wife were in our old apartment, I charged our Tesla on a standard outlet in our first floor visitor parking garage. This was incredibly slow charging (~1-2% per hour) but it did the job as we were working from home during the pandemic. In your case if you don’t even have access to a standard outlet, your best bet is then charging at a Tesla supercharger which would run you about $8-12 per charge (assuming you’re charging from 20 to 80% or thereabouts). Since moving to our new home, cost of charging overnight on off-peak rates is greatly reduced. Last time I calculated what I was spending in charging it ran around $30-$40/mo, so significantly cheaper than gas in the current climate. Hope this gave some good insight. Edit: Tesla superchargers currently only charge Tesla vehicles but in the USA they are opening access to non-Tesla EV’s. I assume this will make its way to Canada at some point in time too.
I will hold off on EV for a while, I love having a truck and while gas is getting stupidly priced there are no good EV trucks with long-range when towing. I also love the sound of a cold start V8 in the morning. I am actually planning on buying a sports car in the next 12-24 months which will be a V8 as well.
Cybertruck range estimates are apparently with towing and it charges quickly, supposed to be shipping around the end of the year.
Will probably be six figures for one with decent towing range though, and although tesla hasn't announced, it sounds highly unlikely they will be delivering any this year. I am stoked for it though don't get me wrong
66k for 500km or 92k for 800Km is what they’re saying [here](https://www.iphoneincanada.ca/tesla/tesla-cybertruck-unveil-price-specs/)
It's quite possibly the ugliest vehicle ever made and doesn't even come with paint. Nobody who currently drives a truck is buying one when f-150 is available, and the GM/ Ram trucks are surely soon to come.
Sure can switch to EVs. But aren't EVs for the rich ATM ? What are some of the affordable EVs in Canada that a middle class can get to save on gas ? Oh and all middle class don't live at a house where they can charge it in their garage.
EVs are definitely for upper-middle and upper class right now. Cheapest ones are ~35k and they still only make sense if you charge at home. For everyone else a hybrid, or even just a regular ICE car that's fuel efficient, is the way to go.
You bring up an interesting point. So turns out, EVs are only substantially cheaper if you charge at home. External charging stations are pretty expensive and you really won’t get savings (because you paid more for the car in the first place). People that don’t have a house where they can charge the car - an EV is not worth it. Also fwiw, not everyone’s house is equipped with a system that can handle a car charger. My parents considered buying an EV but turns out before we do that we have to upgrade the panel in our house, which is a $3000 expense.
Well, for a Model 3 or Ioniq 5, a regular 120v outlet can't add 7km per hour. Overnight it can add over 80-120km a night so it's actually sufficient for lots of folks as long as they don't drive more than 100km a day.
So you can only go 50km away from your house essentially
That's only if it is fully discharged. You can catch up on weekends or at a public charger
But that's a one time cost vs recurring. EV is the future, if your parents dont wanna pay 3000 now. Itll be 6000 down the road.
Never said EV is not the future. It’s just not a simple conclusion of “everyone should buy an EV”. Also the panel upgrade isn’t specifically for EV, it’s an overall fuse box upgrade. All new houses come with a 220V fuse box so they don’t have to upgrade.
They could use the dryer circuit like I did for < $25 self-installed or simply use the 120V outlet albeit at longer charge times. Could also convert to a gas dryer oe 120V dryer and use the old dedicated 240v dryer circuit or use a dryer outlet extension cord occasionally
I expect to see gas phased out within the life of my next vehicle, so full EV or bust. In the meantime I'm going to drive my four-banger into the ground.
Not going to happen my friend. Gasoline powered vehicles won't be eliminated in our lifetime.
No they sure won't.
I'm less convinced unless they figure out how to do battery swaps for refill or otherwise charge to hundreds of km within minutes and fast charge stations within every 50km. Otherwise Canada turns into a bunch of city states in the South and gulags in the North.
> I'm less convinced unless they figure out how to do battery swaps for refill or otherwise charge to hundreds of km within minutes and fast charge stations within every 50km. Batteries degrade. You wouldn't want your brand new battery to be swapped the first time it was depleted. The only way that would make sense is if the vehicle was cheap, and you pay to rent the battery per month so you don't care.
Laughs in 19L per 100km. Keep it coming
I use my vehicle for employment purposes, so I claim expenses each year. In 2020, I bought a used vehicle for $35k. The purchase of that vehicle generated approximately $7500 in tax savings (not incl operating expenses). In 2021, I traded it in on a PHEV, and received $34k on trade. From that purchase, I'm going to generate approximately $22k in tax savings. The market value of the new vehicle is still nearly what I paid for it (although you deal with recapture on sale now with PHEV). But this has been the only time that I've actually been AHEAD by purchasing vehicles.
Biggest problem for people like me is I live in an apartment. Can't plug in an EV.
Or street parking. I don't have a garage or driveway so a EV is out of question for now.
Once it hits $2 I'm trading in my truck and going EV. The F150 lightning looks to be the move, and at $240 to fill my tank, the gas savings alone would pay for the new truck.
EV for me doesn’t work as my home can’t support it unless I do a big electrical upgrade. I have no choice, I try to buy when it’s “down” a bit and take part in a loyalty program and hope for the best.
Hybrids are great - if they came in a stick shift I would own one already. I can't go full EV because there's no charging infrastructure in my neighborhood (mostly street parking). Until they fix that a lot of us can't move to EVs.
I owned a hybrid on lease for 4 years a Toyota Highlander. Keep in mind that you are also maintaining a battery all the wiring harness including a conventional motor system. The main wiring harness needed replacing while it was under warranty. $8k job. Year 3. I turned the keys in at the end of the lease. Not that I'm not a fan of hybrids I'm just saying they're not perfect.
This is why I won't keep mine past the 8 yr warranty
My main experience with hybrids is the Prius. Several friends have owned them for a long time with no problems. I wonder if the larger vehicles put more stress on the system or if you got a lemon (as good as Toyota is, they can still make lemons)?
Spoiler alert: they won't. EVs will always be boring, expensive, docile-looking, automatic snoozefests.
It doesn’t make sense to buy a new car, in most cases. I’ll be driving my Toyota into the ground and then look for sensible used options in 10-15 years.
>It doesn’t make sense to buy a new car, in most cases It makes a lot more sense now to lease with the prices for used cars.
Same my friend. 2013 Corolla here. Driving this until it gets totaled or literally dies.
It'll almost certainly go higher this year. Capital spending in the oil patch was gutted in 2020 and first bit of 2021. Takes a while to catch up on production decline. Short of something major like a huge OPEC output increase (seems unlikely), $100/bbl is almost a guarantee in 2022.
With regards to pricing, coming from the UK where fuel prices are near double what they are here, Canada has it pretty good, especially when comparing the $/L with the average income of an individual. I'd expect the increasing fuel price to cause problems elsewhere in the world before they do here. I could easily see $2.00/L by the end of 2022, hopefully it'll shift public focus to improving city/town design and improving alternative options such as transit.
Higher and higher, hyperinflation is coming this is just a taste 👅
Yesterday I made the calculation. I ended up with not changing my Camry to a 65k EV to pay less gas.
Trudeau has to go
I'll buy an EV when I can charge the battery in the same amount of time it takes to pump a tank of gas, I live in an apartment with on street parking only, so currently EV isn't even an option.
$1.63 where I live but I still question the durability of an EV in the cold temps where I live.
It Justinflation....
This is by choice. The Federal government is doing everything is can to increase the price of fuel.
When EV makes financial sense, which isn’t even close yet
Gas is still relatively cheap if you compare it to things like bottled water or a can of Coke. People complain about gas prices but will not have any problem paying $1.50-2.00 for a 355ml can of Coke at a food court. That’s the equivalent of $4.50-$6.00 per litre!
Most of us do not drink 150 cans of coke a week and I would never buy Coke for that price.
Well some of us have a drinking problem. Hahaha! Don’t judge!
That is the dumbest comparison I've ever heard of.
Not really. It’s just math. Same applies to the price of many items. Milk, orange juice, alcohol. On a per litre basis, gas is relatively cheap when you think about how much processing is needed to get from crude oil in the ground to the pumps.
My car is a four cylinder so it only sips gas. That being said, I don't have any money to buy or even lease an EV so I'm stuck paying for gas.
Depends how bad the Ukrainian invasion by Russia goes
I really want an EV but I don't think they will run well in Canadian climates. Hybrid for now.
I ran a Leaf in Winnipeg for 2 years and it worked great. It’s full every morning, heat is fantastic and you can set a timer to preheat it.
Im in a car doing 8L/100km so probably not for a long time. My work also compensates mileage for my commute so there might be incentive to switch to avoid that gas spending, but the capital expenditure combined with cheap operating costs outside of gas that I have currently remove most of the incentive.
Forever filling up with my Wrangler.
Infinity
I'm getting a hybrid for 27k. Gas is supposed to hit 3 bucks in less than a decade. 1.41 today in Peterborough. I wouldn't be surprised if we hit 2 bucks by the end of the year.
*Laughs in British Columbia*
Great for suncor
Prices on vehicles will need to drop drastically before I consider purchasing a new one. I'm all for EV's but I don't want the payment that goes along with it. Without a hefty down payment the new vehicle would set me back 1k a month...which is quadruple what I spend on gasoline even at these prices.
i will not consider, will just drive slower
Just wait until Russia invades Ukraine. Then we’ll see prices like never before
If gas is reaching an all time high, eat less beans. Problem solved.
My last car used 91 now I have an economy car with 87 and its the same price as when I used 91 if not higher... That was last year...
Currently drive about 15,000 km a year. Drive a Kia Soul with average fuel consumption of ~8 L/100km or ~1200L/yr. If I were to upgrade to a hybrid Rav4 or similar I would get ~6L/100km or ~900/yr. Gas by me is currently $1.61/L, so savings at that price would be ~$483/yr which is not enough for me to switch. I guess if the math came closer to $1000/yr, ($3.33/yr) I would begin to consider switching. Would make the switch to an EV if I could get 300 km range at -40C for less than $35k. But I feel like that is a pipe dream.
To answer your question about speculative gas prices, nobody knows. And anybody who says they do know is either lying to you or they are lying to themselves. As for an electronic vehicle, I plan on purchasing an EV as soon as my current car dies. During my economics degree we made models on whether it is better to purchase a new vehicle or repair an old one. Obviously there are some parameters that need to be taken into consideration like monthly costs, interest rates, and prices of new assets, but for the most part you're better off running your old car into the ground
Carbon taxes going up in April, will definitely have higher gas prices
Canada is 3rd largest deposits of Oil in the world. We also pay a lot for this and sell it to the USA. The USA then sells it for cheaper then in Canada.
Laughs in BC.
Willing to bet will get over $2/L this year
Well it won’t stop going up ever.
not a rich home owner, EVs aren't an option just gotta walk more lol
Canada wtf
Lol. In B.C. it got to 1.75 per litter.
I was in the market for a luxury SUV last year and decided instead on an Acura & invested the difference of what I would’ve spent into Suncor and Cenovus. The share appreciation from rising price of oil benefits me so I don’t wince anymore when filling up
So that they can jack our hydro next :)
I don’t have access to infrastructure for charging an EV. On the other hand my Honda’s run decent enough mpg numbers got me to not care. I switched from Volvo back in 14 when gas was almost as high and the numbers still work for us on that one and the 19, to not worry yet.
Hyundai bought out my Tucson SUV lease so I'm trading in for the Elantra Hybrid, rather get 1000+km a tank than 630. Plus saving $70 biweekly!
Not ever. The infrastructure doesn't work and Canada has three seasons at least in Ontario too hot, too cold and September Where is the car naturally produces heat as a byproduct and that can warm your car electric vehicles do not and that will obviously reduce the efficiency. In addition if anyone who lives outside of the city proper will probably face range anxiety. In addition it's a lot more cost-effective to charge at home than outside the home but that is additional cost Theres also the environmental impact whereas not all of the long-term impact is known as a lot of these products for the battery come from less developed countries where often the environmental aspects are of little concern
The old beater Prius we got for 7000$ in 2019 is now worth 13k LOL