Bigger issue seems to be people overestimate how much they spend on fuel. You buy the car once, but you refuel it hundreds of times over its lifetime, giving the impression that fuel is a big expense.
For example, if you assume $0.073/mile, for 100,000 miles, that is $7300. If going electric cuts that in half, you save only $3650, which is only ~10% of the cost of the vehicle.
Looking at total cost of ownership (car + maintenance + fuel) makes much more sense than just fuel.
For example, if you assume $0.073/mile, for 100,000 miles, that is $7300. If going electric cuts that in half, you save only $3650, which is only ~10% of the cost of the vehicle.
Looking at total cost of ownership (car + maintenance + fuel) makes much more sense than just fuel.