How long would it take to amortize the price of an electric car vs gas prices?
According to my math 16 years. That's based on these parameters:
A. Driving 200-ish miles per week, with the old used trucks like I've driven for decades getting 15 mpg (I'm talking real performance, not the sticker performance),
B. Gas costing $3.09 per gallon (when I did the math half a year ago, now it's $3.29 where I live, so it might be more like 14.5 to 15 years now for payoff),
C. Electricity being 13.3 cents per kWh,
D. A replacement EV getting 1.8 miles per kWh (the F-150 EV Ford is promoting for next year is "supposed" to get 2 miles per kWh, but like gas cars the reality is always 10% less than the brochure version),
E. The replacement EV costing $55,000, buying it with a loan at 1.9% interest for 5 years,
F. Both electricity and gas rising with a 3% inflation.
G. Getting an oil change for $60 for now, rising 3% per year, and getting one every 5,000 miles (if you still had a gas car, thus this is savings with an EV),
H. Assuming no difference in repair costs (i.e. my old used gas trucks need repairing every now and then, and I read EV's need their battery replaced in 8 to 10 years which is not as often as I repair my old used trucks, but probably costly enough for that one repair to equal the man gas truck repairs).
After the cheaper EV trucks come out (not the six figure Hummer) and have been out for a year or two I might get one. It'll be the first new car I've bought in 3 decades. But I have a large solar system on my house to try to wean me from the Dims dicking with my monthly budget (their sky high energy prices). IMHO solar works for the individual if you're in an ideal situation, but never works at the utility level where they have to make one size fit all and never do. In my case, with the excess power I sometimes have in my solar batteries (more than enough to make it through the night without pulling from the grid), I m-i-g-h-t get 10% to 15% of my driving an EV for "free" without upgrading my solar/battery system. That's why I crunched the numbers on how long it'd take for an EV to pay for itself with a pessimistic assumption that I'd get 0% miles for "free" from solar.
As much as I'd like to make myself somewhat energy independent (much like Trump made the U.S. energy independent), I'll have to wait and see how well the EV trucks work before I buy one.