Keeping an old vehicle longer rather than buying a new vehicle with better fuel economy is likely more economic.
In tracking vehicle costs I average about 12-15 cents a km in Capital and Maitenance costs on 10 year old vehicles compared to 25 cents a km on 2-3 year old vehicles. To make that up gas prices would need to hit $2 a litre and fuel economy would need to be double.
So if a new car is being driven by gas price the answer is keep the older car longer. If the new car is something you want than the delta between electric and gas may pay off depending on your milage and driving habits. But even then making due with a smaller vehicle year round would have a more significant impact.
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