Ignoring tax credits, EVs were cheaper to comparable ICE vehicles when I did my calculation earlier this year after factoring fuel savings. But that is, admittedly, going to depend on the individual person's driving habits and fuel prices in their area, as well as their electricity prices. We drive a decent amount, our fuel prices are high, and our electricity prices are low, so we were close to the perfect combination of factors for EV. That is likely not the case everywhere.
For me, that ended up being ~$100/month which was decidedly more than the increase in monthly payment. And that's ignoring that the savings continue beyond the end of the payments.
It's also ignoring used vehicle prices. When I looked, and again, in my area, the difference in price between used vehicles was larger than in new.
For me, that ended up being ~$100/month which was decidedly more than the increase in monthly payment. And that's ignoring that the savings continue beyond the end of the payments.
It's also ignoring used vehicle prices. When I looked, and again, in my area, the difference in price between used vehicles was larger than in new.