I'm in exactly the same boat, having run a similar cost of ownership / break even point comparison. With my pos but generally bulletproof Japanese shxtbox, the amount of driving I do means my break even point is somewhere between 15 - 20 years, depending on how I fudge the estimates. With current gas prices, I guess the timeline could shift maybe 5 years earlier?
So until EVs become significantly cheaper to buy, I don't really see myself getting into one.
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Originally Posted by 68style
I'll play the math game a bit though, it was brought up that anything but a shitbox for $2k is a bad deal compared to an EV (we will say Tesla 3 so there's some point of comparison).
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I'm unsure what government rebates are currently available on Tesla's, but I don't know that there are any on the current priced SR since it's $68990 now and beyond the cost threshold I believe. $68990 plus taxes is a bit over $77000 and there's a bit extra on top because it's past the new luxury tax threshold as well, but I won't include it because I'm lazy. At a purchase price of $7500 + taxes ($8400 all in) and annual running costs of $3316.50, it would take me 20 years of driving my Lexus to reach just the initial purchase price of a Tesla Model 3 SR. This is not even accounting for the fact it does cost money to run a Tesla as well nor does it factor in financing costs which are not insignificant -- you'd be buying it outright in this scenario.
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