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Why Electric Cars Are Keeping You BROKE!

35.5K views· 1,527 likes· 31:29· Mar 5, 2026

Electric vehicles promised lower running costs and a "cleaner" future but the financial reality isn’t always that simple. In this video, we break down depreciation, battery longevity, climate-related range loss, charging time, and whether the total cost of ownership really makes sense long term compared to a hybrid or gas vehicle... SUBSCRIBE! https://www.youtube.com/@Hayden.Schreier?sub_confirmation=1 👇CHECKOUT MY CAR CHANNEL👇 https://www.youtube.com/@Haydenschreiermk2 ⬇️ Follow Me Here Aswell ⬇️ https://www.instagram.com/hayden.schreier/ Business Inquiries: HaydenSchreier98@gmail.com #electriccar #newcar #consumerism Chapters: 0:00 Electric Cars Are Keeping You Poor Intro 0:31 New Electric Cares Are The WORST Investment Ever! 4:42 Electric Battery Replacements Cost More Than The Car... 6:24 Charging Your Electric Car From Your 3 Story Apartment 9:14 Our Most Depreciating Vehicle.... 11:52 Never Buy An Old EV! 15:01 Brand New Battery Costs $45,000 Dollars... 17:04 Teslas Are Depreciating Like Crazy! 18:03 Electric Cars Are HORRIBLE In The Cold... 20:06 30% Battery Loss In The Cold.... 20:40 Electric Cars Depreciate Like Crazy... 24:24 The Cost Of Batteries Is INSANE! 27:40 This Porsche Is 65% Off.... 30:51 Electric Cars Are Keeping You Poor Recap FAIR USE DISCLAIMER: Copyright Disclaimer - under Section 107 of the copyright act of 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. all photos and videos were originally posted publicly on social media platforms. These are all my own opinions.

About This Video

Electric cars are keeping you poor, and in this video I lay out exactly why: insane depreciation, range that falls off a cliff the second it’s cold (or hot), and battery replacements that can literally cost as much as the car itself. People get distracted by “free charging” and tax credit hype, but that stuff is peanuts compared to losing 40–70% of your value in a year or two. I walk through real examples—like six-figure EVs getting chopped in half fast—and why being the first owner is basically lighting money on fire. Then we get into the stuff nobody wants to talk about: battery packs that can run $25,000–$50,000+ outside warranty, the fact that you often can’t rebuild them piece-by-piece like an engine, and how temperature crushes range (KBB cites up to 30%+ in freezing temps). I also show how EV ownership becomes a time tax—sitting at chargers, charging to 80% “for battery health,” and watching your usable range shrink. My takeaway is simple: if you insist on an EV, your best odds are buying used after someone else ate the depreciation—otherwise, hybrids (especially Toyota-based systems) are the practical middle ground that won’t financially ruin you.

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