Quote Originally Posted by Great-Kazoo View Post
If it was financially, as well as practical for our needs. I'd consider one. Till then, the price point, or limitations are not something i'd buy
Out of curiosity, are you talking new? If someone is buying a new car and looking for advice I'm not your guy because that deprecation hit you take is just brutal on ANY brand. If you're buying a new car (given the aforementioned rate of depreciation) you have FAR bigger financial concerns than annual fuel bill versus electricity bill.

That said, if you find a good deal on used one you can find a great car for a fraction of what they cost new. In our case, I've actually bought/sold seven of them used now. Not only do we not lose money but we actually make a few bucks. I realize that not everybody will want to go through this so I'm not suggesting it's for everyone.

I tell people that they can conservatively estimate paying 1/10th in electricity than they do gas to cover the same miles. That delta is even greater now that gas prices are crazy but it's a nice round number that makes mental estimations easy. We save right around $4k per year, per vehicle. I spread sheeted this out years ago when gas prices were $2.18/gal so you can only imagine how much we save now that that price has blown up. We also drive less than average so that savings would also go up relative how many miles you put on your vehicle. Bonus, you never ride that fuel price roller coaster again.

Naturally, whatever you determine to spend on the front end to acquire said vehicle will impact that "savings" figure but it's not nothing. Sock that money away for a "rainy day" and you can have a nice repair account built up by the time the 8-year battery pack and drive motor warranty expires should you need to replace them.

I wouldn't suggest buying an EV strictly for the gas/oil savings but... it's another entry in the "for" column for sure.