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Originally Posted by The Yen Man
Is it really though? I guess it depends on if it's a gas guzzling SUV, or just a normal Camry or Corolla. You're paying, what $20K premium for an EV? $20K over 10 years is $2,000 of gas per year. At best, I think you end up breaking even, and that's only if you keep the same EV for 10 years.
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You save your money on maintenance as well. Maintenance costs are significantly cheaper on an EV. The premium I paid on my vehicle was 18,000 compared to gas model, I think the overall cost increase after rebate was 15K. Made a little cheaper because I got 0 percent financing over 7 years.
Estimates on maintenance are that save about 40 percent on maintenance. This American study (link below) has EV maintenance costs at 6 cents a mile, gas at 10 cents a mile. You would save about 6,400 on maintenance if you drove the vehicle 160,000 KM. You would save about 18,000-20,000 on fuel over 160,000 KM. Add those together, along with my expectation that I will hit 160,000 KM by year 7, and I think I break even in my personal circumstance by year 6.
https://www.google.com/amp/s/www.mot...omparison/amp/