Should I buy an EV? DIMO + your gas car's data can help you make the big decision.
Gas prices have never been higher in the US, and there have never been more options for Electric Vehicles on the market.
With DIMO, not only can you earn ownership in the network by connecting your vehicle, but you'll also collect data that can save you money & help you make better decisions.
You can find weekly reports showing your driving patterns on the DIMO web app and the mobile app.
Your data, combined with the DIMO app, makes it easy to calculate what it'd look like to go Electric, and many of our users have reached a simple conclusion -
The best solution is to get off gas entirely. ️⚡️
Overall, consumer sentiment seems to be trending in this direction:
For many consumers, the biggest remaining fears holding them back from considering EV's are (1) cost, (2) range anxiety, and (3) battery health & degradation.
Building a "total cost" picture
The F-150 Lightning, priced at roughly $40,000, is equal to a comparable gas model, which happens to be the most popular vehicle in the US.
According to fleet financing company Merchants Fleet:
"Not all EVs have reached this level of price parity, with most still being sold at a premium over their ICE counterpart. As an example, the Ford E-Transit 350 carries a premium of approximately $11,000 over the Transit 350 gasoline model with the same options. After factoring in a $7,500 federal tax credit, this cost premium is reduced to $3,500."
Even on vehicles with this upfront price gap, the math looks pretty good over a long time-horizon: owners can end up making up the price premium on an EV with 3-4 years of normal driving.
This analysis also brings up another important point:
"because many EVs do not have historical data, some factors of the TCO require educated assumptions." - Merchants Fleet
DIMO helps solve this: by capturing verified vehicle data we can increase consumer confidence in both the real-world performance of EVs and their ability to meet your personal mobility needs.
For both Gas and EVs connected to DIMO, you can immediately view your driving pattern data after you connect. Most users realize that they drive well within the range of an EV each day, especially when you realize that home charging allows you to start each day with a "Full Tank".
Battery health & residual value
Once you make the upgrade to an EV - DIMO can help you monitor your battery health and performance by tracking charging cycles.
Over time, teams working on integrating DIMO with used vehicle markets will put this data to work so you can sell your vehicle for more money, too.
Our guiding light is simple: it should be a no-brainer to connect your vehicle to DIMO. Although we're just getting started, every day there are more reasons to join.
Make sure you add your vehicle today.
Even if you can't connect immediately using our SmartCar or Tesla software integrations, adding a car to DIMO means you'll be first on the list to learn about new hardware options as they become available.
We also have a community of auto, data, and web3 enthusiasts making DIMO better every day in Discord. Stop by and say hi.
Alex Rawitz has spent 10 years in and around startups in the crypto and IoT world, and is always looking to put these technologies to work making people’s lives better. Prior to DIMO, Alex worked with exchanges, defi protocols, and fintechs at Chainalysis. Before that he worked in sales at Servato, an IoT company in the telecom space. He started his career at a startup accelerator, The Idea Village, in New Orleans.