> It's the cost over time that is lower, because ICE vehicles cost more over time. Even taking a used car into account, its average cost over time is greater.

> It's the cost over time that is lower, because ICE vehicles cost more over time. Even taking a used car into account, its average cost over time is greater. A person looking to buy a new car today, you're mostly right in that their total lifetime cost will be less if they buy a new EV today. Mostly though, not everyone, since there are ICE cars cheaper than EVs and for someone who drives very little it'll take a long time to recover the initial price difference. But for people who already own a car it's a very different equation. The old car is already owned, so buying an EV is a huge expense unlikely to ever be recovered by reduced operating costs. Such as the example above of my parent. Were they to buy a 40K EV, it'll take easily 40 years to break even compared to simply keep driving the old Corolla. Nowhere near worth it.