:
:
Also to be eco friendly, the seats are not leather, but pleather (fake leather).
My condo has a EV charging station that cost about $2 for 25 miles. So about half the cost of gas.
Exactly. So, if you got FREE electricity to recharge your car, my example requires a 6.9 year break-even period.
Tack onto that another $2/25 mi cost (your example), and you get:
12K mi per yr / 25 mi per $2 = 480 charges per year
480 charges per year * $2 = $960/yr
So, now you have to save another $960/yr to break even above the $10,000 premium you paid for the EV. By the time you hit the break-even for the $10K at 6.9 years, you'll have paid another $6,762 to operate your EV.
Looking at it another way, if we subtract the $2 you pay for charging from the $3 in gas you save (both dollar amounts are for 25 miles, so that's convenient), you are really only saving $1 per 25mi. Plugging that into my earlier calculations:
That's now 10,000 gallons of gas you can buy at $1/gal, and you can drive 25mi * 10K gal = 250,000 miles, or 3 times the original distance calculated. Divide that by 12Kmi/year, and ...
at $1/gal (gas price less what I would pay for EV charging) and 12K mi/yr driving, it would take me 20.83 years of driving an EV to break even compared to driving the gas car.