nwdiver
Veteran Member
Cost of ownership parity is about ~4 years and ICE has been depreciating faster than EVs recently. I could sell my 2012 MS for $30k which is absolutely insane for a 8 y/o car with 185k miles on it. I'd be lucky to get $10k for a similar ICE. I sold my 2003 TDI for $3k with roughly the same miles on it... that's a ~85% depreciation vs 70% for the MS. Taking into account the used car market has gone bonkers I still think it's crazy that the used model 3 I bought in February for ~$37k is now going for ~$47k.Initial purchase costs and home charger installation costs are still the killers today..... until these drop and or incentives increase to overcome these and the accelerated depreciation in the initial few years (3-5), EVs will always be more costly to own vs an efficient dyno juice powered vehicle.
Home charging costs are ~$500. You're going to save that much in fuel costs in the first year not to mention the convenience of refueling at home.