There's a steady supply of used vehicles which you can expect another 100K-200K miles out of (i.e. the lifespan of a set of EV batteries). My two vehicles are both 8+ years with more than 100K miles (one approaching 200K) and neither requires significant maintenance outside the standard replacement of fluids and filters each year - the total amount I spend on them is less than a single car payment on a Model 3 or Mach-E, perhaps three payments if you count gas.
12,000 miles / 25mpg * $5/gallon = $2400
Maintenance is, at a very high estimate, $1000 per year, and that's paying a shop for everything - far less if I did it myself
Payments on a 5 year loan at 6% for a $40K EV (such as the Tesla 3) is $773/month or 9276/yr
On my local Craigslist I can find my vehicle, one year older but significantly lower mileage (85K) for $18000. I can find my vehicle but with more miles (222K) for $4000 (admittedly that sounds low and I have suspicions) or my vehicle with slightly higher mileage (115K) but in a higher trim for $11K.
You'll forgive me for continuing to drive my car or for buying an exact replacement rather than rushing to buy an EV.
12,000 miles / 25mpg * $5/gallon = $2400
Maintenance is, at a very high estimate, $1000 per year, and that's paying a shop for everything - far less if I did it myself
Payments on a 5 year loan at 6% for a $40K EV (such as the Tesla 3) is $773/month or 9276/yr
On my local Craigslist I can find my vehicle, one year older but significantly lower mileage (85K) for $18000. I can find my vehicle but with more miles (222K) for $4000 (admittedly that sounds low and I have suspicions) or my vehicle with slightly higher mileage (115K) but in a higher trim for $11K.
You'll forgive me for continuing to drive my car or for buying an exact replacement rather than rushing to buy an EV.