I haven’t purchased an EV because they’re more expensive than an equivalent ICE vehicle. My current vehicle cost me $2,500 USD. My hope is that the used EV market continues to expand while economies of scale push prices down.
this post was submitted on 26 Jul 2023
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Depending on how much you drive and how expensive your local energy bill is, the economics can work out better than you think.
I usually charge at home, and my equivilant cost per gallon (assuming 25mpg) is about $0.50/gallon.
If I drive 1000 miles per month, that's about $140/month I'm saving. If gas prices increase to $6/gallon, which I'm sure they will eventually, that's $220/month.
It doesn't justify a new Tesla, but used ones are getting cheaper finally.
Lol I will not purchase a Tesla out of principle. I get your point though. It feels like we have some ways to go before the used EV market is actually competitive, but I am hopeful for the future.