I bought an EV at the end of Feb. at the time the plan was to keep my wife’s 2022 Kia Forte GT-line for at least 3 1/2 more years. (we have 29 months left on payments.) and then look at $25000 Evs in late 2029.
however, gas just hit $5. And my wife monthly Gas bill is at $215 a month and climbing Even though she is getting 32 mpg. This bill has gone up over $100 a month in just 2 months
the political situation is just turmoil. The present leaders have no real plan to resolve things, and no incentive to even recognize the economic impact of their decisions, and they are insulated from the effects. So I have a feeling that this is a rather permanent escalation in cost.
so I am looking at 36 more months of spending over $200 a month in fuel a month When I know her fuel costs could be less than $40 a month on an EV.
on the flip side, buying an Ev now means resetting the payoff clock. but the payment will not be higher than what I have now. I don’t want to be wasteful, But at some point the price of gas is going to be worth it. I am just not sure what that number is.
those of you with second cars that are ICEV. How high does gas have to go before it isnot worth it.