Electric Vehicles Cost Less Than Half as Much to Drive
So, I personally would consider electric for my next car, due 2025 if my current car lasts 10 years. That&#x27;s overall my goal for car replacements: once per decade (or longer).<p>However, I have friends who lease cars, because they always want the latest and greatest. Others, who are a bit less savvy with their money, simply sell their cars (for a significant loss) and buy something new every 3 or 4 years. Still others crash their cars and need a new one.<p>Which brings up the question: if an Electric Vehicle saves $650&#x2F;year, maybe $800&#x2F;year once you include 2x oil changes + misc expenses per year, then an Electric Vehicle only breaks even (over a period of 10 years) if its within $8000 of the ICE car.<p>That&#x27;s my case: where I hold the car for 10 years. The &quot;big&quot; maintenance items: engine rebuilds or whatnot, don&#x27;t seem to be necessary in the first 10 years of a modern car&#x27;s life anymore. Tires are the next most expensive thing, but electric cars also need their tires replaced.<p>If you&#x27;re one of my friends who NEEDS a new car all the time (for some... reason...), then even a $2400 premium would be too costly and it&#x27;d be better to buy ICE.