 Hey everyone welcome back welcome back dedicated to financial literacy Russell Moore as the host of the channel and I want to welcome you back be sure to hit the subscribe button yeah yeah I'm still sleepy I know I look tired I know I know but hang in there I want hey I'm doing a sacrificing sleep just to give you this content alright because I love you and I care about you and I want the best for you and I believe there are great things awaiting you in 2022 so hang in there I know we're in we're at war we're we're not at war personally but Russia and Ukraine but we're people NATO just keeps dragging us when the dragon's in hello Poland and so it's getting it's really any stick sticky and now that the president now has announced some sanctions where we were refusing oil from Russia that's gonna affect them big time we've affected them in a great way that the sanctions are have nots they're they have not sunk in yet but they will and trust me they're gonna feel it they're gonna feel it financially and so so I don't know where we're going from here and so and then if China gets involved you're talking about secondary sanctions that will affect them it's it's getting it's getting kind of wild y'all's get kind of wild keep your prayers up keep your prayers up for our country all right this is part two of the segment that I'm doing and it's basically I was responding because as we all know that gas prices are up gas prices were high right here $7 here in Southern California all right now and so the response to the the response from our administration when the question was asked what are you gonna do what do we do about these high gas prices and the response was buy an EV buy electrical vehicles buy an EV and I my response is okay that's great if you have the finances I mean my wife and I we're we're looking at getting an electric vehicle and you know so I'm doing my research which one would be good and that's one of the things I would tell you don't just buy what's popular really do your research and find out how efficient and it can be measured by NPGE combustional engines is NPG miles per gallon but electric vehicles the rating from the EPA and the environmental protection agency they have a rating a new radiance EPGE little e and it's miles per gallon equivalent so basically it's measuring kilowatts and I'm not gonna get into all of that just Google it okay and it basically measures the efficiency of that electric vehicle the higher the number the more efficient that electrical vehicle is and so you want to look at that as well but I'm part two I'm just gonna continue with the list that I had if you didn't hear the part the first part of this of this this series you want to go back to the previous video okay and basically how much would I pay for an EV that's the title this is part two how much will I pay for an EV and I'm reason why I'm responding to this is because it's not practical for most people to buy an EV right now at these prices and I want you to see the prices unless you have a lot of money either saved and you can afford it now the great thing about buying an EV though I remember last year last year I was I would stop I would stop anybody that owned the Tesla I would say hey how do you like your Tesla and I think out of maybe 15 to 20 people at least 18 over 80 to 90% of the people said they love their Tesla they'll never go back to an internal combustion engine again very efficient they said some of them had complaints about customer service but I believe they've improved on that and this is not I'm not plugging Tesla I'm just saying they were saying one person I haven't been to a gas station in two years and that was when I had my other car and he said it's just wonderful especially if you can charge at home if you don't have to go to a charging station and you can get it set up right at home oh man that's it's just wonderful okay so that is one of the things but they're so expensive right now that's the point I want to say to the administration and those that are asked saying that are answering these giving us this pet answer about gas prices and how to handle it is to go buy an EV what if you're in a situation like one of the reasons why we're waiting is that we have a second car we have our first car is a 2021 Toyota Corolla hybrid so it gets good gas mileage and I did that intentionally because we knew that the gas was going to go up and so because of that you know we're getting 55 57 miles per gallon right but we have a second car and it's a rogue Nissan Rogue SUV last of two weeks ago I think I was a week ago yeah 50 $60 to fill it up this week 90 $90 a $30 difference over 25 30% 40% difference 40% 50 30 35 40% difference in a week come on that's expense that's high but but do we have an alternative do we continue to pay the high gas high the high gas which it's not over it's still going to go up I really believe it's going to be at $9 $10 in Southern California within the next six months if nothing if nothing is done we're going to be looking at by the end of the year $10 a gas and do you think the oil companies man they're they're loving this their profits are going to go up you think they're going to be in a hurry to drill especially after the administration put all these regulations and there's permit issues and all this stuff that they've just a beer cat the bureaucratic red tape that's going on it's affecting this whole thing all right but let's continue on with the list all right I ended off at the Volvo up so I'm going to start there again the Volvo XC 40 recharge it has a range of 223 miles it's going for $56,000 the Volos C 40 recharge it's 226 mile range it's going for $59,845 now want to continue to remember to to remember to to say this the government there is an incentive rebate basically $7,500 but that's only for the vehicles that have not the companies that have not exceeded 200,000 units and you want to check that to make sure before you buy that EV I can tell you right now test the kit test that does not apply to this they long be long ago exceeded 200,000 all right the next car now the interesting thing about this car you can only is it's only exclusively being sold in California hello that was a smart move by them and you'll see why in a second it's the Mazda MX 30 electric vehicle and it's going for $34,695 $34,000 this is definitely it's not the lowest on the entire list but it's one of the lowest $30,000 $34,000 but I want you to hear the range the range for this vehicle is a hundred miles you there had to be a catch right it just had to be a catch a hundred mile range you guys a battery kilowatt battery battery life it's it's small it's a small battery and even the the NPGEs it's pretty efficient but it's not it's not more efficient than some of the other smaller vehicles and we'll mention those in a few minutes that's sad a hundred mile range okay the Mercedes EQS Mercedes Benz has come out with an electric vehicle it has a range of 350 miles that's pretty good all right now let's go over to the price $103,000 you guys you got to be kidding me okay the Volkswagen ID 4 now I saw this vehicle it's a beautiful looking vehicle by the way it's beautiful I love the way it looks and it ranges the range is 260 miles it's going for $41,955 that's not bad I don't think they've exceeded the $200,000 possibly you want to check okay all right this is a great car I've heard great reviews on this car and it's the Ford Mustang Mach-E and I really have heard good things about it I heard it's a good running vehicle it's very efficient high efficiency rating and it's it's going for 300 and from a range standpoint 305 miles is the range and it's going for 44,000 now I believe they've exceeded the 200,000 I'm sure they have and I don't think you can get that incentive rebate with the Mach-E at this time but before you're talking about $37,000 $38,000 and it's a great vehicle it's an SUV it's nice it's competing with the Y the Tesla Model Y all right and and just so you know here's a little a little like a little side perk it it's as fast it actually is 1 tenth of a second slower than the Mustang 2.3 high performance the Mustang this vehicle is about a it's really about a tenth of a second slower I mean that means this car can move okay all right so I think it's a good option if you're thinking about an EV the Mach-E okay Tesla my Model X it ranges 348 miles that's wonderful that's great okay now just get to the price $106,000 no incentive no rebate no 7500 Polestar 2 range 270 miles $47,000 and I think the Polestar 2 is I don't think it's exceeded the 200,000 units so I think you can get that $7,000 so you know it's just under about 40,000 you can get it for the Mini Cooper SE electric now the range is 114 mile range now here's the thing about these low-range vehicles the Mazda and the Mini Cooper if you're not doing a lot of driving and you just you know you're not you're not commuting far for your job this could be a good option for you if you're not going far but if you're like me I traveled at Los Angeles hour and 20 minute drive 40 you talk about 80 80 and 90 miles a day and I go there three times a week this would not be good for me I'd be charging all the time now the good thing about electric vehicles right now the EVs there now the technology is getting better where they're actually charging faster they're charging faster more efficient and getting you getting you those charges quicker and that's gonna be great they're gonna be great for this industry because nobody wants to sit there I mean when you get gas come on you what three four minutes maybe five minutes depending on if you're filling your vehicle up but who wants to sit there 20 minutes waiting for the car to charge so quicker charges it's it's happening so that is a good thing all right Polestar to 270 miles 47,000 all right Mini Cooper SE electric 114 mile range but it's $30,000 and I don't know if I don't know if it's exceeded to $200,000 200,000 units I don't know that can you imagine that would be what $23,000 for a Mini Cooper electric I'd be something to look into the leaf I've heard good things about the Nissan Leaf it's a hundred and forty one forty nine mile range hundred forty nine and again this is good if you don't trap you don't drive a whole lot it's a small vehicle and here's here's the thing about the Nissan Leaf they've made a little a larger version of it and it's because you know it's for people that don't like the small compact cars it's gotten a little bit bigger they've got a another they've got another version or a higher performance version and it's and it's going for 28,000 now I don't the the other one and the other one I believe it's maybe about 32 but this is going for $28,000 and it has 149 almost 150 mile range that might be a good option for someone but but think about it though if you don't if you don't have a lot of money $28,000 that probably is about the average what you're gonna pay for a car now but you can get you can get my vehicle our vehicle that we bought Toyota Corolla Toyota's what the number one selling cars in America under 20 grand I got that vehicle I think we owe like 15,000 left we owe you start doubling up payments soon well next year will be be done with it or at least two years so my point is ICE are still much cheaper right now this is I mean if you look at the range 150 mile range 28,000 it's not that okay the Kia Nairo EV or Nero EV maybe pronounce any wrong the range is 239 miles it's going for 41,000 41,000 the Hyundai Ionic 5 has a range of 303 miles that's good and it's going for $44,000 Chevrolet Bolt the Chevrolet Bolt EUV it ranges 247 miles and it's going for 33,995 for basically $34,000 I believe the bolt has exceeded 200,000 units so I don't think you're getting that but check I'm not but don't quote me on that I'm not a hundred percent sure Kia EV 6 it ranges 232 miles and it's going for 42,115 the Chevrolet Bolt EV I gave you the EUV this is the EV and it ranges 259 miles more than the other one the EUV and it's going for 31,995 I only have a few left so I'm gonna go ahead and give you all the rest and so I don't have BMW on here just you can look it up the BMW but I can tell you right now it's expensive all right Hyundai Kona electric the range is 258 miles it's going for $35,000 the Tesla Model S 405 miles that's great and has also a high efficiency MP MP GE and it's going for 96,000 administration $96,000 you're asking us to pay for a vehicle Tesla Model Y 330 mile range it's going for $62,190 Tesla Model 3 it's got 272 mile range it's going for $46,000 now this one you definitely got to have some money it's the Lucid air and they have a grand tour that I believe it's gonna come out late in 2022 that's that's it's I mean it's expensive but the Lucid air here it's 516 mile range that's awesome oh that's great well when you look at the here the price you'll say yeah it needs to do about a thousand mile range $140,500 okay knock off the 7500 okay who cares 140,000 for an electric vehicle and you're asking someone in South Central to go out and get an electric vehicle I want you to hear what you're saying do something about the gas prices do something it's not even just a gas do something about the food do something about the rental cost do something about inflation you guys it's gonna be okay I know it sounds that sounds so it sounds so pessimistic but the truth is good you just heard the truth about an EV and our administration is asking you to go out and be practical and go buy an EV that's the answer to that's the answer and the solution to gas the high gas prices that is not the solution but I want to do a video probably not the next I don't know if I'll do it on what happens when the cost of the batteries because one of the things is happening is Russia it's not just gas what people are not talking about is the nickel they're one of the leaders in providing nickel to the world so guess what here we are talking about electric vehicles electric vehicles and Russia is gonna say okay mr. Elon Musk how about you pay more for the nickel that you need there's a shortage they're scrambling all these all these companies are trying to get the batteries you cannot have an electric vehicle without a battery and you cannot have a battery without nickel well there there are other technologies that are but for the most part right now the batteries nickel so yeah Elon's about to pay more if not he's already started paying more for nickel so guess what guess who's gonna they're gonna pass the cost on to you and you want us to buy an electric vehicle yes electric vehicles it's great once you have them in your possession but it's most people can't afford them right now they've got to come down thank you everybody keep an eye on the prices though and for those that maybe you want to get one of the lower ends that I had there I mentioned about four or five in my videos that were between 30 and $40,000 but the range is so low 100 100 mile range man that's two trips to LA for me no that's one trip once I get back I got a charge once I come back home I got a charge if I bought the Mazda have a wonderful day you guys