A few years ago, it looked like after you factored in the savings from cheaper electricity versus more expensive gasoline, and the lower maintenance costs, the true cost of owning a $45k Tesla was about equal to the cost of owning a $25k ICE car over 10 years, with most of the savings coming from significantly lower maintenance costs in years 5-10. However, it turns out that the cost of unscheduled repairs is so much higher that the true cost of owning an EV is significantly higher than a basic model ICE car.
And early adopters who didn’t know better.
A few years ago, it looked like after you factored in the savings from cheaper electricity versus more expensive gasoline, and the lower maintenance costs, the true cost of owning a $45k Tesla was about equal to the cost of owning a $25k ICE car over 10 years, with most of the savings coming from significantly lower maintenance costs in years 5-10. However, it turns out that the cost of unscheduled repairs is so much higher that the true cost of owning an EV is significantly higher than a basic model ICE car.