Quote:
Originally Posted by Aarongavey
As someone who owns an EV, I think the problem for gas is once you buy an EV it is hard to imagine going back to gas. The savings you have over 6-8 years means it is a money saving purchase. The convenience of being able to fuel up at home means you rarely have to leave your house to charge up. It would just be hard for me to imagine buying gas again. Not sure what that means for stock valuation, but I do think that gas will be getting a rapidly decreasing market share over the next 5-7 years.
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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.