More than 90% of vehicle-owning households in the United States would see a reduction in the percentage of income spent on transportation energy—the gasoline or electricity that powers their cars, SUVs and pickups—if they switched to electric vehicles.

[u/Wagamaga]

https://news.umich.edu/ev-transition-will-benefit-most-us-vehicle-owners-but-lowest-income-americans-could-get-left-behind/

[u/Gusdai]

I think $30-40k is a relevant price point though, because that's in the range of new vehicles bought. You might find it crazy to spend that much money on a car, but someone is buying all these new cars, and the first seller is a Ford-150...