My ICE vehicle averages 30 mpg. We drive ~12K miles/year. At $3.5/gallon, fuel will cost 12000/303.5 = $1,400/year. An EV can average 4 miles/kwh. Let's say I

My ICE vehicle averages 30 mpg. We drive ~12K miles/year. At $3.5/gallon, fuel will cost 12000/303.5 = $1,400/year. An EV can average 4 miles/kwh. Let's say I go on 4 road trips each 500 miles (charging at $0.35/kwh), and other times I charge at home where I pay $0.15/kwh. This yields $570/year, so savings of $830/year. My ICE was purchased new with a 10-year warranty, and so far has been very reliable (fortunately). Maintenance involved oil changes and brakes, averaging $120/year. But EV will have more frequent tire replacements and higher insurance premiums, so let's call it a wash. My ICE costs now ~$20K new. An EV with the same mobility* (500 miles of range with a reliable refueling network) is either the expensive Teslas or Lucid Air, costing $60-100K more. Even the cheapest Tesla, the Model 3 will cost ~$40K for the long range. Even if the EV charged for free, it will take decades to recoup the upfront purchase price. Even for the cheapest EV, which does not provide the same mobility, it will take ~10 years. Depreciation could differ, but since I will always need a car, it doesn't matter - any money I pay for a car will always be locked in it so not usable for other things.