uploaded image

Why Luckbox Readers Hate Electric Vehicles

By:James Melton

We asked Luckbox readers about electric vehicles. Here is a compilation of responses from the skeptics.

The newly released Spring 2024 Luckbox is all about cars and trends shaping the auto industry. As part of our research, we asked readers their opinions about car-related issues. In a question about EVs we asked respondents to Give us their thoughts about electric vehicles, and Luckbox Nation didn't hold back.

The following is compilation of reasons Luckbox readers gave for not buying an EV—at least not any time soon. We summarize responses from EV advocates in another post available here.

"Fever dreams," range anxiety and other concerns

A contingent of readers strongly believe electric vehicles aren't ready for widespread use. Others cited range anxiety—the fear of getting stranded with a dead battery far from a charging station—and other technology, infrastructure or environmental concerns.

  • "EVs are still a technology fever dream that aren't ready, except for the fairly large group of early adopters. The mainstream community is still waiting to see the infrastructure built out and battery/weight issues resolved. And I thought that EVs were supposed to be cheaper to repair but surprise, they are now more expensive."

  • "No plan to buy an EV ever. I take long driving trips and don't want to have my driving distance limited and have to wait for a charge even if charging stations were available on the route of my journey."

  • "Need to be sure that battery powered EVs are really the answer. They may not produce emissions, but they require tons of mined minerals that create other environmental problems."

  • "California can't provide enough electricity to homes and businesses without rolling brownouts and blackouts let alone adding EVs. The range per 'fill up' is horrible. The time to 'refill' is unacceptable. Cold weather is an issue for the batteries. The vehicles weigh significantly more and damage the road more. If the car is in an accident and there is the slightest damage to the battery it cannot be fixed, and the car is totaled. ... The cost of mining the materials is exorbitant."

  • "These issues prevent me from considering an EV: "battery fires, cost of insurance, cost of repairs and slow charge times. I would prefer an EV over ice if those issues were resolved. Range is not an issue nor is ice emissions."

  • "Battery technology is still in its infancy. Only lithium batteries are taken for recycling, but only stored because it's still not economical to recycle cells. Waste recyclers do not accept other batteries, such as alkaline, which are thrown in the trash."

Don't shove it down my throat!

Several readers made it clear why they would never buy an EV for reasons rooted as much in principle as technology. Some readers resent the extent to which government mandates are behind the vehicle electrification push. And they worry about the geopolitical and environmental consequences of making the switch to electric vehicles.

Comments along those lines included:

  • "There is no way I would own an EV. I hate it when things are pushed down people's throats by the Government. And this whole EV thing is driven by China. We don't have infrastructure to support this movement to begin with. And it's not helping the environment in any way.
    ... Government hoax. Terrible idea."

  • "I never will buy an EV. They are not cost-effective. The taxpayer should not have to fund the rebates. Let the open market determine whether they make it. Calculate the land needed for charging stations, it would be enormous. Their use of rare earth elements is a disaster."

  • "I will never buy an EV unless it's shoved down my throat—meaning no other vehicle type is available and I still need one to get around. ... I don't like the fact that we depend on the CCP to make the batteries. If climate change were a real thing, then maybe my attitude would be different but it's not."

  • "Right now most electricity is generated by fossil fuels. I hope solar conversion becomes more efficient. Battery technology also must improve. My guess is that those necessary improvements are 15 to 20 years away."

Get Luckbox

Read the latest edition of Luckbox magazine here.

Not receiving Luckbox? Subscribe for free at getluckbox.com.

James Melton is managing editor of Luckbox magazine. @JDMeltonWriter

For live daily programming, market news and commentary, visit tastylive or the YouTube channels tastylive (for options traders), and tastyliveTrending for stocks, futures, forex & macro.

Trade with a better broker, open a tastytrade account today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.


Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Related Posts

tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.  Options, futures, and futures options are not suitable for all investors.  Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on tastytrade.com/disclosures.

tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastytrade’s systems, services or products. tastytrade is a wholly-owned subsidiary of tastylive, Inc.

tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.

tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. Neither tastylive nor any of its affiliates are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.

© copyright 2013 - 2024 tastylive, Inc. All Rights Reserved.  Applicable portions of the Terms of Use on tastylive.com apply.  Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastylive’s podcasts as necessary to view for personal use. tastylive was previously known as tastytrade, Inc. tastylive is a trademark/servicemark owned by tastylive, Inc.