It’s hard to argue that owning a vehicle with 1,070 horsepower (797 kW) wouldn’t be extremely fun. However, that excitement turns on its head when you realize that there’s nowhere to refuel, or rather in this case, recharge it.

That’s exactly what just happened to a Brooklyn-based Lucid Gravity Dream Edition buyer. After snatching this unique EV up brand new in September of 2025, he ended up selling it just 400 miles later for a huge loss.

More: Lucid’s Cheaper Gravity Lost Hundreds Of Horses But Found You Thousands In Savings

The seller on Cars & Bids shared a photo of the window sticker for this luxury SUV, listing an MSRP of $141,550. When the hammer fell on his auction sale of the car, it brought just $123,000. That’s a painful $18,500 lesson for 400 miles of usage in a little over a month, amounting to $46.25 for every mile he put on the odometer.

Where Do You Plug In?

Why take such a big loss for a vehicle that the owner says is “an awesome car”? It all comes down to charging it up. For the owner, it was almost like buying a Hellcat and then realizing that the closest gas station is 220 miles away.

Cars&Bids

He says that his initial plan was to charge where he works but then one option after another fell apart until he had to take the loss we’re talking about here.

“I was planning to charge at work but the chargers at my work aren’t working and there is seemingly no plan to fix them. Since I don’t have a charger at home and can’t get one installed this became an unsolvable,” he said in response to a question about the situation.

He then went on to fault his living location, New York, more than anything else.

“I tried to find another solution but in NYC most chargers (all the ones convenient to me) were in parking garages where you had to pay exuberant [sic] prices to park in order to use the chargers. I live a busy life so just couldn’t find a workable solution,” he added.

It’s a little ironic that in a city as vast and densely packed as New York, famous for both its wealth and its gridlock, a high-end EV can still be this impractical. For now, he’s out, but he hasn’t sworn off electric power entirely. According to him, he’ll be back behind the wheel of another EV “as soon as [a solution] presents itself.”

Source: Cars&Bids

Federal EV tax credits may be gone, but automakers holding unsold electric models aren’t simply waiting for customers to arrive. Instead, they’re putting together their own incentives. BMW has stepped in with one of the most direct responses so far, offering a $7,500 purchase credit across its lineup, and in some ways the deal is more straightforward than the federal program ever was.

Read: BMW Exec Says “Combustion Engines Will Never Disappear. Never!”

BMW says the incentive applies across its full EV lineup, from the $57,900 i4 to the $169,675 i7 M70. Unlike the now-defunct federal credit, this deal doesn’t hinge on income caps or complicated tax liability math; it’s a straight MSRP discount at the time of purchase.

More Than Just a Credit

The move makes BMW one of the first luxury brands to replace the credit in full, and it’s not stopping there. According to AutoBlog, buyers also get access to 2.99% financing for up to 60 months. Returning or “loyalty” customers can also get up to $5,000 extra, with the biggest rewards reserved for buyers of the equally big i7.

For some shoppers, that structure makes BMW’s plan more useful than the federal version ever was. The tax credit never helped customers who didn’t owe $7,500 in taxes, and it locked out high-income buyers and expensive models. BMW’s deal skips the fine print and extends the benefit to anyone financing through its system.

Following a Familiar Formula

While BMW stands out in the luxury field, it’s far from the first automaker to go down a similar road. Hyundai slashed sticker prices on the Ioniq 5 in recent days. General Motors and Ford both bought up a bunch of their own EV stock, obtained the federal EV credit before it ran out, and are passing it on to buyers.

More: BMW Somehow Sold Fewer Electrified Cars Than Last Year In Q3

BMW is just approaching the same problem with almost the exact same solution. These offers run through October 31 and, importantly, only apply to vehicles bought through BMW Financial Services. 

New Poll: American Voters Support Federal Investments in Electric Vehicles Broad, Bipartisan Support for EV Investments and Incentives that Lower Costs, Expand Access, and Help the U.S. Beat China in the Race for Auto Manufacturing WASHINGTON, D.C. – A new bipartisan national poll conducted by Meeting Street Insights and Hart Research finds broad public support …

The post Support for Electric Vehicles appeared first on Alternative Energy HQ.

 

There are many benefits to entering the world of EV ownership. If you’re in the market for a new vehicle and are considering switching from gas-powered to electric, you’re probably wondering about the cost differences and how they’ll affect you long term. If you’re ready to shop the different used cars for sale, we have plenty of electric cars for sale in Madison, WI, at our dealership: cars that will save you money long-term.

The Tax Benefits

Unlike gas-powered vehicles, electric vehicles qualify owners for a significant tax credit. Most popular electric vehicle models qualify for this incentive, and the total tax credit ultimately depends on the vehicle’s battery size. Drivers who choose hybrid models will receive a lower tax credit than those who choose fully electric vehicles, in which case you can expect several thousand dollars in federal incentives.

Fuel Savings

Buying an electric vehicle means you’ll no longer have to plan regular trips to the gas station, search for the cheapest or least crowded station, and fight over pumps when the prices rise or there’s yet another gas shortage. You’ll save thousands of dollars yearly in fuel costs because you won’t have to rely on gas to power your vehicle.

Plus, you can take advantage of the many free public charging stations at restaurants, universities, gas stations, and other locations all over the country. Whether driving around your local area or heading out on a road trip, you can search for free charging stations online with an interactive map that will give you links to locations throughout the country.

You’ll Save Money on Vehicle Maintenance

Because electric vehicles require fewer parts than traditional vehicles, the maintenance costs are far cheaper than gas-powered vehicles. Drivers who choose electric vehicles may spend 40% less on maintenance costs than those who own gas-powered vehicles.

Shopping for Used Cars for Sale? Consider an EV

If you’re in the market for a pre-owned vehicle, you can’t go wrong with an electric option. In the long run, you’ll benefit from tax incentives, save money on fuel and maintenance, and help the environment.

At Zimbrick Automotive, we have electric vehicles that can meet the needs of drivers with all different lifestyles and budgets. Whether you’re looking for an economical or luxury vehicle, we have plenty of options. The most popular automotive brands, like BMW, Porsche, Audi, GMC, Chevrolet, Mercedes-Benz, and more, have designed some incredible electric options, and we carry them here at our dealership.

If you want to enter the electric vehicle world, our expert team can help you choose the right option at the right price. Visit us today at Zimbrick Automotive to browse our new and pre-owned electric vehicle inventory, learn more about the advantages of driving an EV, and test drive your favorite model.

The post The Overall Cost of EV Ownership appeared first on Zimbrick Automotive Blog.