this post was submitted on 01 Nov 2023
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For me I'm looking at this over a 10 year period. I'm putting about $300 a month into gas. I take pretty frequently but short trips around town. So I'm looking at saving 3600 in gas each year. Let's round that down to account for power cost to charge and say 3000. Maintenance costs are lower each year. Forbes says 40% cheaper or about $600 a year vs $1000. So about $400 difference per year. Feels a little high honestly so I'm going to take a more conservative $250. So $3250 per year saved. So in theory if I were to do a 6 year finance that's a $19,500 plus a government rebate around $5000. To me a $60000 vehicle is pretty comparable to a $35000 gas vehicle.
Absolutely, it all depends on your car usage. I spent maybe 75$/month on gas, and I change oil (synthetic) once a year only, so it's not worth it for me.