r/SipsTea • • 10h ago

SMH Thoughts on this?

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u/wild_cherry1987 6h ago

You mean what they will do knowing they saved 5k a year on gas after installing charging outlet? 

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u/No-Rip-6166 6h ago edited 6h ago

$1500 annually on gas not $5k. Thats based on $3.77/gal but gas hasn’t increased by more than 3x over that number and the cost of electricity has increased as well.

https://comparepower.com/electric-vs-gas-car-cost-comparison/

Plus EVs cost almost $5k more than ICE alternatives on average.

So after a $2500 + $4000 charging station / panel upgrade + $5000 more for the EV it would take 7-8 years to see a savings.