Technology

For me I'm looking at this over a 10 year period. I'm putting about $300 a month into gas. I take pretty frequently but short trips around town. So I'm looking at saving 3600 in gas each year. Let's round that down to account for power cost to charge and say 3000. Maintenance costs are lower each year. Forbes says 40% cheaper or about $600 a year vs $1000. So about $400 difference per year. Feels a little high honestly so I'm going to take a more conservative $250. So $3250 per year saved. So in theory if I were to do a 6 year finance that's a $19,500 plus a government rebate around $5000. To me a $60000 vehicle is pretty comparable to a $35000 gas vehicle.

It's definitely insanely expensive. To me it was worth it though. Comparing the cost to my old car, which some would say was too high of a monthly payment anyway, although I made do, it was only 300 dollars more.

And gas here on Vancouver Island is like 200 dollars a month minimum. So for me, the cost was about the same overall, and I vastly prefer having the electric car.

But I know it's a very high amount that most people don't want to pay and I don't blame anyone. But anyone who buys a new car or has an insane payment I don't understand.