Quote:
Originally Posted by redpoint5
My point is, depreciation is generally the biggest expense of a vehicle. Cost of fuel is a minor consideration with regards to financial decision making relative to the cost of the vehicle. I'm on an forum where financially illiterate people proclaim their great financial savings from having purchased a new EV since they pay 1/4 as much in "fuel" driving electric. They totally ignore that they just spent $40k to "save" all that money, and that their vehicles will be worth 1/4 of that in 4 years when they decide to save money all over again by purchasing a new vehicle.
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Definitely a solid point. It's the reason I waited so long to get an EV.
I had pipe dreams of converting my Miata to electric along the way, but even that gave me fits trying to work out a way to do it that made economic sense. Clearly, it did not. :/