Until maintenance costs are factored in, at which point it becomes a question of duration of ownership. How many kWh can be purchased for the cost of one oil change? Not to mention all of the ICE parts that need replacing over time.
I have commonly tracked ICE maintenance costs for tax reasons and it's disappointing how little I'm left to write off.
I did 212K miles on a GMC Canyon and spent $1800 over it's entire lifetime in maintenance costs. One could assume less if the motor runs less of the time in a Hybrid application and with regenerative braking.
Modern ICE engines are very cheap and reliable, they also often have 100K warranties. Many of my Tesla buddies have eaten 4 digit repair bills outside of warranty.
Ya know Kia offers the Kia Niro in a Hybrid, a PHEV & an EV version.
The base Hybrid costs $27,915 rated at 53 mpg.
The base PHEV costs $35,165.
The base EV costs $40,875.
The cost difference between the Hybrid and EV pays for 206K miles of gasoline where I live. Which is longer than the average life span of a vehicle.
It takes me 15 years to put 206K miles on a car these days so I'd also eat $3K in additional EV registration here in TX. Then there is the extreme EV depreciation...
The EV would use $5,538 in electricity (I used my local electricty and gasoline rates here in TX, both are low) during that same $206K miles.
It would take > 300K miles just to break even on the intial purchase price difference. Of course if you took that saved money initially and sent it to your home loan for example where it saves you interest, well there is no mileage where the EV could catch up on fueling costs, ever.
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