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Originally Posted by heavytbfagain
I've been contemplating making the jump to EV for a while. There's a lot good info in here about ongoing cost (particularly for fuel) savings for EV vs. ICE. However I'm not seeing much about the massive up-front cost differential in these vehicles. You're all talking about making the switch like it's a guarantee to be financially prudent. Doing a quick comparison of various models of SUVs in the Canadian market (the style I'd like) and even with the government incentives I'm seeing at least a 20% up front premium. Aren't you all just paying for the lifetime fuel savings up front on these?
I can appreciate the environmental impact of EV vs. ICE, but if that's the only advantage we have a long way to go yet. I'm certainly open to your perspective as I'd love to do away with the gas pump permanently.
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As far as the upfront cost differential, I suppose it depends on what you're comparing against. For me, it was either a 2022 Model 3 LR or an Audi S4, both were similar in price at the time.