Time for fun with math! We will assume a $3.75 gallon of gas and a $24,167 gas powered Ford Focus. We will also assume 3 gallons of gas used per day for the gas powered car (for a gas powered Ford Focus, that would be around 100 miles per day.)
Now:
3 x $3.75 = $11.25 per day for the gas powered Focus
3 x $1.14 = $3.42 per day for the electric Focus
After 365 days, we will have spent $4,106.25 on gas for the gas Focus and $1,248.30 for the electric Focus. A savings of $2,857.95.
With an initial cost difference of $14,844, it will take 5+ years of driving to break even on the electric car.
Sounds like a long time to see the payoff, honestly.
That assumes both the resources to pay cash and also no cost to maintain. Throw in 6% interest rate and monthly payments along with the electrical issues and it is extremely skewed.
...even longer than that, given your favorable assumptions: 100 miles a day is 36,500 per year, which is around double the average. Never mind that the electric car can’t reach 100 miles per day!
So now your break-even point is more like 10-15 years away (without considering the tax breaks that will inevitably figure into it). And by then your EV car is either toast or needs another battery.
that also assumes the price of gas and the price of electricity stay the same.
also do not forget you often pay other charges in your utility bill (penalties, maintenance fees, etc) per kwh that adjust what you really pay for your electricity.
By the end of five years, both should be ready for new batteries (I live in ND, five years is good, with our winters).
That might skew the numbers again...