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Right before the US EV tax credit was phased out, a guy in Colorado leased a new ID.4 Pro for about $100 per month. (The driver says $100 per month, but information in the video title says a little under $100.) Either way, it’s quite a deal and it will be interesting to see what dealers do without the federal incentives in place for both new and used EVs.
It is of some importance to report about these affordable EV situations because of the myth that EVs “cost too much.” In fact, in some cases, they can cost less when it comes to total cost of ownership. Electric vehicles also don’t have the huge public health and environment costs of internal combustion engine vehicles, not to mention the terrible politics and petroleum dictators, aka “petrodictators.”
Leasing a new EV might be just right for a first-time EV driver if the deal works for them. If the lease is two years, the person will not be as committed as someone who buys one outright expecting to keep it for much longer.
Some tech specs:
- 77 kWh usable battery
- AWD version range is about 263 miles
- DC Fast Charge: Up to 175 kW peak
- 0–60 mph: less than 5 seconds.
The driver of the ID.4 Pro previously had a 2006 Escalade, a vehicle with only 14 mpg fuel efficiency for combined driving. That rating would only be for one in good running condition and his wasn’t, so it actually might have been less than 14 mpg.
The AWD ID.4 Pro rating is about 102 mpge, which is 7.28 times more energy efficient. The Escalade would also have required some costly repairs so switching to a new, cheap EV lease sounds like quite a good choice for him.
The new owner did not have to make a down payment; he only paid the taxes to start the deal. There is a mileage limit per year of 7,500, but he drives less than that each year so the limit is not a barrier to him.
There are two public EV chargers near him which he uses for charging because he lives in an apartment, which apparently doesn’t have home charging capability.
He charges once a week for about 20 minutes, only costing $20. It was not stated exactly what the cost of fueling the very low mpg Escalade was, but he says he has more money left over with the ID.4 Pro to spend on things he wants, not on gas. (Edmunds lists the ID.4 cost to drive per month at about $76.)
In many EV videos online, what is not mentioned is the devastating effects of using fossil fuels on human health, “Air pollution from oil and gas causes more than 90,000 premature deaths across the US each year.”
Such air pollution also results in this: “More than 10,000 pre-term births are caused by particulate matter from O&G (per year).”
Of course, there are all the asthma, COPD, and other diseases connected to fossil fuel air pollution. Kudos to this guy for getting rid of a rather old fossil burner and replacing it with a vehicle that has no direct emissions from the vehicle itself. In 2024, the state of Colorado where he lives generated a little over 40 percent of it’s electricity from solar power and wind power. So, it’s possible some of the electricity he uses to charge his EV comes from clean, renewable sources.
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