Comment by iambateman
15 days ago
The R2 was the first time I seriously thought about spending up on a vehicle.
It looks good.
But $45k++ is just wild to me. It seems like the market is undervaluing used EV’s, so hopefully the depreciation curve will bring these down to $30k in a couple years for us old-school folks who prefer not to have a $1000/mo car loan.
I'm a little confused why you think that's wild; It's pricing is inline with other BEV's in the Canadian market at least; it's comparing with the Model Y, the Equinox, the Blazer, the Mach e, the Ioniq 5, the EV6, the BZ4, and the Aryia.
Typically speaking you're going to spend $10,000 to $13,000 more then an equivalent gas car for a BEV vs a comparable gas car in Canada.
> But $45k++ is just wild to me
It’s just surprising to me that this is surprising to anyone in 2026. New cars are no longer $20-30k in the US and haven’t been since 2021. Average transaction price is now $50k+, so if companies like Rivian that skip the dealership model charge $45k, it really isn’t that expensive. The only new cars under $30k are sedans and hatchbacks. And most of them start at almost $27-30k for base price not including all the bs dealership fees.
> New cars are no longer $20-30k in the US and haven’t been since 2021.
there are plenty cars in this subrange, its just Americans prefer to spend more on extra features.
You ignored the second half of the statement:
> The only new cars under $30k are sedans and hatchbacks. And most of them start at almost $27-30k for base price not including all the bs dealership fees.
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New base Nissan Leaf is ~30k after delivery fee, and looks pretty darn great.
I’m not sure if you’re agreeing to what I said or if this is meant as a counterpoint. But that’s kind of proving my point, new cars are pretty expensive these days. If you’re getting a base Nissan Leaf for $30k, SUVs costing $45k don’t sound that unreasonable.
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they from whatever reason made it much shorter and smaller than previous gen..
The 45k is a myth for now. The vehicles that have been reviewed so far are going to be $60k+ performance models. We'll see if they actually get down to 45k.
From the analysis I've seen with that drag coefficient, the 45k vehicle is going to have to have a range of 220 to 260 miles. Hardly something that will fly off the shelves.
Average price of a new vehicle in the US is $50,000. This is priced appropriately considering total cost of ownership delta against a combustion vehicle. Rivian needs more volume for prices to decline from manufacturing efficiency at scale.
https://www.axios.com/2024/12/19/cars-prices-inflation-suvs
A cursory search of the web shows that TCO for EVs in the US is higher than ICE for all but high mileage commuters. Wish it wasn't the case, but insurance alone is a 30% premium.
Model 3 TCO is very competitive for all sedans. But yes, there are a lot of luxury EVs and EVs with questionable reliability.
https://www.self.inc/info/expensive-cars-to-run/
https://www.consumerreports.org/cars/car-maintenance/the-cos...
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NYT recently did a fantastic calculator. It isn't simple flat one or the other is cheaper. It takes into account buy vs lease, milage, local energy cost, length of ownership etc
https://www.nytimes.com/interactive/2025/upshot/ev-vs-gas-ca...
https://www.atlasevhub.com/weekly-digest/new-2025-update-on-...
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Are you sure about that? The cost of repairing even minor collision damage on a Rivian is ridiculous.
Yup, R1S dented rear quarter, $55000 to repair, insurance totaled it out...
https://www.reddit.com/r/Rivian/comments/1r19jxb/vivian_is_o...
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People keep repeating this uncritically. There is a car-debt crisis, and wages haven't kept up with house/car costs.
We have one person saying "well in Californian wages..." and another saying essentially that 50K isn't a lot of money when the average SALARY is $66K/year.
I also believe this $50,000 stat is the mean car price which is likely to be pushed up by luxury car sales that cost 2-4x what a typical car costs, whereas a median price would give a better indication of what most people are actually spending. I did a quick Google search and wasn't able to find any data on median price, though.
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> There is a car-debt crisis
To what degree is this caused by car prices versus Americans' compulsion to keep buying new cars? Anecdotally, the folks I know struggling with car payments are almost exclusively in the latter bucket. But I'm open to having my mind changed with data.
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I wonder how much of this ridiculous car money was previously buy-a-house money. If you don't think you'll ever buy a house, you might as well spend it on a car.
Small, efficient gasoline vehicles are prohibited by CAFE standards in the US, but EVs are exempt. Generally new EV manufacturers have been starting with high-end vehicles, and working their way into mid-range, with hopes on eventual low-range vehicles.
Because EVs are exempt from CAFE standards, it does open up a niche at the very low end, and Slate and Telo are starting up production in that market, so one of their vehicles might appeal to you.
ya same, i can't see spending as much as i did on my first tesla 5+ years ago, the depreciations just too steep, hopefully that holds for rivian too and i'll pick one up in a couple years the R2 is really nice.
That said, china BEV's are 1/2 the cost even accounting for import costs to the USA lol so sort of points toward a issue with US companies at the moment
Do they depreciate any worse than their gas counterparts? You’re also saving money on gas and maintenance - that’s gotta count for something, no?
In California with PG&E which most people have, no you don't save much. It's different if you can charge for free at work.
And yes EVs depreciated worse than any other vehicle.
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You can get a used EV for pretty cheap these days