Quote:
Originally Posted by whitev70r
Thanks for all the details but it is still a bit 'deceiving'. For sure, no one would question how much you save on gas per month. What your calculations tells me is that even after 96 months (8 years) of savings from ICE to EV, you'd still have to put out $35,366.86 for the Tesla. Am I reading your figures right?
I think most of us is stuck on that part. If I keep my present car, how long will it take for me to recover my initial outlay of >$70K for a new EV or Tesla. What your figures tell me is that after 8 years of savings, I still have to put out $35K now.
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Great question. You are only viewing a part of the spreadsheet but the number of $35,366.86 was just to help me understand what the cost of the car would be after factoring in fuel savings. This number helps me understand what other new ICE cars the Model 3 would be competing with as you can't really compare a 70k ice car to a 70k model 3.