Grok:
T.A. Gardner's points are valid concerns for many potential EV buyers, especially on
resale value and the real costs of home charging. Here's a balanced, data-driven breakdown as of mid-2026.
Resale Value
EVs
do depreciate faster than most gas vehicles right now, supporting the "for shit" characterization in many cases.
- Recent data: EVs lose ~57-60% of their value after 5 years on average (vs. lower for many ICE cars). Luxury and some mainstream EVs (e.g., certain Teslas, Mach-E, ID.4) have seen 60%+ drops.
- Used EV prices have fallen sharply (average around $27k–$35k, narrowing the gap with gas cars to ~$1k–$2k in many segments), driven by new-car price cuts, expiring incentives, lease returns flooding the market, and rapid tech improvements making older models feel outdated.
- Battery degradation plays a role in buyer hesitation (health below ~80% noticeably hurts value), but real-world data shows most modern batteries degrade slowly (often 8-12% over 10 years or 100k+ miles). Failures are rare within warranty (typically 8-10 years/100k-150k miles).
- Nuances: Teslas have held value better than many non-Tesla EVs. Used EVs are becoming strong bargains for buyers (great entry point now), but risky for original owners planning to sell soon. The gap is narrowing as the market matures, and lower operating costs (electricity + maintenance) can offset some depreciation over time.
This is a legitimate obstacle to mass adoption—uncertainty about long-term value makes buyers cautious compared to reliable depreciators like Toyotas.
Home Level 2 Charging Costs
Gardner's breakdown aligns closely with current realities:
$1,000–$5,000 total is a realistic range, with his ~$1,500 experience (charger ~$500, wiring/components $300–400, labor $300–500) on the lower/optimistic end for a straightforward job.
Typical 2026 breakdowns:
- Charger hardware: $300–$900.
- Installation (labor, wiring, materials, permits): $800–$3,000 average for standard jobs (short run, adequate panel capacity).
- Total: Often $1,000–$2,750 for many homes; up to $5k–$7k+ if you need a panel upgrade, long conduit run, or complex permitting.
"You don't know a guy" factor: Yes—DIY or buddy deals can save a lot, but professional installation is strongly recommended (and often required for warranties/insurance/safety). Electrician shortages and local rates push costs higher for many. Apartment dwellers or renters face bigger hurdles (no control over installation).
Counterpoints on charging:
- Most EV owners (70-80%+) primarily charge at home, where it's far cheaper (~1/3–1/2 the cost of gas equivalent, especially off-peak).
- Many new EVs come with basic Level 1 (120V) capability for free/slow charging, and some buyers skip full Level 2 initially.
- Incentives or utility rebates sometimes offset costs, though federal ones have changed.
Broader Context for Mass Acceptance
These are real frictions:
- Upfront ownership costs (vehicle + charger install) hit harder without subsidies.
- Resale anxiety amplifies range/charging concerns for fence-sitters.
However, for people with home charging access who keep cars long-term (or buy used), total cost of ownership often favors EVs due to fuel and maintenance savings. The barriers are easing as used prices drop, more affordable models arrive, and charging networks grow—but they're still significant for widespread adoption beyond enthusiasts and urban/suburban buyers with garages. Hybrids sidestep many of these issues for now.
If you're evaluating personally, factors like your driving habits, home setup, and how long you'd own the vehicle matter a lot.